The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1895-02-08

8UME- COMdAgN SEN = ~
The money question is very simple
The bank robbers claim it is a complex
problem. The politicians for pelf tell
rs that finance is a problem.
Now let US examine that problem
and see if it can be solved. Bear in
mind, as We go along, that money is
only fhe representative of wealth. The
moment money is boarded it is a dead
weight. It's design is to circulate. Now
follow US and see how easily the fnan-
eiaI problem can be unraveled.
The sole mission OF money, currency,
is to facilitate trade and to effect ex-
change and sustain commerce within a
country. The currency Of a country is
not designed for use outside of the Dor
ders Of the country issuing it, and rare
ly does leave its home save in the Ca
paeity of a commodity. A certain
amount of circulating money is abso-
1uteIy necessary to the prosperity and
happiness of the people of any country.
The best informed writer's on political
economy contend that the light of ex-
perisnce places this amount at $50 per
capita. Now all a government need to
do to have a salutaFy financial and
commercial condition is to issue, for
the use of its people, this amount of
per capita circulation and maintain it.
If $50 is not the correct per capita of
circulation the condition of commerce
and trade will very soon suggest its
increase or decrease. This money must
be issued directly from the government
as money coming is a sovereign power
only to be exercised by the government
itself. No banks of issue, either state
or national, should exist. This money
issued and coined by the government
may be gold, silver, copper, nickel or
paper, or all of these substances may
be used. 1t matters not what national
money is composed of, as it is the gov
ernment fiat that gives it purchasing
and debt paying power. This money
must be equal in debt paying power,
all of it an absolute legal tender for all
debts, both public and private, receiv-
able by the government for all debts,
taxes and revenues, but redeemable in
nothing.
Now with $50 per capita of circulat-
ing money, with a provision to increase
it to keep pace with the increase of
population, not redeemable, but uni
versally receivable, a financial panic
would be utterally impossible.
Some one may ask how the govern
ment is to get this money into circula-
ton. That can be done very easily.
No person ever experienced difficulty
in circulating money. The trouble is
to get it to circulate. Foster a liberal
policy Of public Improvements until
the money is in the hands of the peo-
pie; then cut down taxation to the
exact needs of the government expen-
ditures. This policy, together with its
irredeemable quality, will certainly
keep it in circulation. Then, some one
might say this great body of money,
irredeemable in its nature, might in
/ jure government credit. Why should
a government not have good credit if
it pays its debts. A business man who
pays his debts promptly, always has
credit, and SO it is with a government,
Pay government debts promptly, and
the government credit matter is
settled.
Foreign debts are always payable in
a commodity, 1t may be gold, silver
or grain, beef, pork or cotton. but it is
taken only at the commodity value, no
matter what it is. If we happen to be
short on the article the foreign country
wants, it will be forced to take some
other article, or wait until we can &C
cumulate a suf1oiency of the desired
article. A just per capita of circulat-
ing money always makes a prosperous
people. The people being the govern
ment and being prosperous, it naturally
follows that the government is pros
/ porous Is not a prosperous nation
able to pay its debts?
Here is a common sense financial
system that is guaranteed to work sat
.Iisfactorily in this country, and if
.Yurrup" don't like it the people Of
this country need not worry. America
bis able to run its own government. Il
Uncle Sam can't manage his own fnan.
-Ecial matters he had better resign his
Commission and take shelter under
John Bulls wing.
-zs1.s-z
WHAT THE REFERENDUM Will Do
It viii simplify laws.
1t will control monopoly.
It viii purify the ballot.
r. will e,,n-,Is,,f y-iolo,,oo