People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-01-31

public welfare were ever subjected to
more thorough and intelligent in
vestigation than these very questions.
both in this country and in England,
from 1910 to 1860; and the policy of en-.
trusting the creation and regulation
OF paper currency to banks, or in
any way to the control of private in.
terests, has been pronounced against,
and abandoned, by every enlightened
nation on the earth. 1t would be o
disgrace for this country now to re
turn it. No other enlightened coun.
try would even entertain, for a
moment, such proposition.
The business of banking and the
duty of providing people with money
are functions so separate and distinc;
that they can not be blended together
without doing mischief. For fifty years
this has been the almost undisputed
verdict Of the enlightened world, and
has been concurred in by all the fore.
most writers on the subject, as shown
in various parliamentary reports and
elsewhere; and especially is this true
as to a multiplicity of banks.
THE world has never devised any
plan of automatic regulation of money
supply, except through the production
OF the precious metals; and, from the
very nature of money and its relation
to prices, automatic adjustment Of
paper money to the wants of business
is impossible.
The bill now before congress,
should 1t become a law, will prevent, for
this generation, at least, a return to
the only tried and approved method Of
automatic regulation of money: that
Is, through the production and coin.
age of gold and silver.
"A loud clamor is raised. whenever
the question of restoring the free coin.
age OF silver comes up, against giving
profit to the miner. While it can be
easily shown that under free coinage
there can be no difference between the
value of bullion and the coin made
from it, and that consequently there
can be no direct profit to the miner, OF
or profit of any kind not shared in by
the general public through the infu
ence on prices and business of an am
pie supply Of primary money, both tn,
measure proposed by the secretary O.
the treasury and the Baltimore plar
give forever a profit to issuers O
paper, as often as it is LOANED
out Both plans virtually max,
banks paper minis with tn,
right to coin money out of paper, anC
to have all they can make out of it
without cost of production and with
out limit as to amount,
1T is admitted that four ffths O
the gold of the world is now pathere,
into few great treasury boards. an,
controlled by few hundred men a
most. With this control over gold
give to banks entire control over tn
paper currency, on a gold basis. as
now proposed, and what safety is Their
for the worlds industries or for tn
worlds business?
Gan people be enslaved so easil,
or SO certainly in any other way? No
poverty and servitude for the grea
mass of the people are the necessar,
consequences of this system of money
1--WE therefore earnestly recommen,
that before it is too late 10 resist tbi
new attempt to subjugate them alb
solutely to the money power, the PEG
pie everywhere hold meetings, and, b,
resolutions and petitions, protest t,
their representatives and senator
against the passage Of the proposet
BILL or of any measure that puts in tn,
hands of banking associations the alb
solute control of the money of the peo
pie. A. j. WARNER. President
Washington, D. C.