The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1895-10-10

resorips orIer asd eiTiinIsiss Ia
faes, !, Ensii .. hsrl 10 rs-sess eisii-
zs;iou uihous n. 80 d.rrs szsA a
psriol.
We are sY7sossatn- sseh FsriaS
nos, uniess ss.e ssasa-zss,.hig shli -
tervsse, s.aneli;y saas-T-E,vs- ts3
rDid-~ill i,c Sur cniy Vsa-y. sal 81.
iavs TO sI.-usr tie purF-s- II p Es'itG-.
/ VI eIsbss.- uisJ = ssbis esv<a-sss
can ct q, T.. f-ss sns i-,Bs grt~s ma
y.
All sssE .nI fzDi Il aees@iiS of
.ssBsy, srI il ,h4-. Sss-. ia thi. esss-
uy, it asJ b Ssan tv!aEs sbsse =
.DaGker syFEssusn; .EEcsss.ly e.tat-,
fi.LsIis eve cossS>LSe srssrzIY to
its issss sf Iapar 1ossy.
In the nsan;ise silver Ini gid eoin
silI te tie ouiy isi-- % HAitk ue eas
rsly fOr @oeey, Ssd Of the tz1 silver
zii Be as il always Ia. baea, the great
e. friend Of the P-opls"
zoxKY BAsED on LABoz.
J.R- SSTsrsigs, Muster wSrkmsB
4 The ksighi- Il Lsbor, shg had a
"a, % the Flsifusu. nDE sskei . qaes-
ii-=; EVs have giFsu ps tie theory
and seaeuus of rs0neJ." ssii Dir. Sever
rigs. As based % properly. | want to
sDss If is Is PrseaicaI 10 i..Be form Ci
srs5i, m0ney bsse5 0n l.tosy'
-Ys' ssii Co.'s. At is practical,
and, to the eKieHi 10 Which it eygld Re
brOaghs into ne, Tos.d bs 90 parity
uiih Otiaer fEHs ol mosty ba.ed oh
prOpsrty.
Suppose the government, oHu,d ard
controlled all the r,.lrads-it eoald
issue paper moaey redsernstIe in serv
iee,, Ths, 10, i, would be goOd in tie
payment cf freight sBI at all the tie :.
e Dfices.
IL the passenger aud freight busines.
vf the country aDonDied 10 81 l00, ,0O0,-
200 y,ss, Which Is the c4se at preseui,
then thai smOrD, of paper currency thus
Tedeemab,e eOald be safely kep, in cir
cplatisn. The supply would have to be
limited-so that copfdcL :e would be
maintained 10 the ability of the govern,
ment to redeem il, in a reasonable tiiDc,
If called upon so to do.
This would be credit money redeem.
able in labor. Il should also be made
Legal tender, aud differ 10 no respect
from credit noaey redeemab!e in prop.
cr'y--siIser aud gold except as to the
nature of redemPti.n.
Naturally il would circulate eide by
side with the other form Of credit mon,
cy. inside of the United States, aud in
the payment OF freight and purchase Of
transportation, no Discrimination would
ordinarily be made in the form Of mon
q used.
Ii confidence 10 The existence Of the
government shonld be shaker by wars
q. disintegration, as such danger arose,
this form of money would be assorted
out from the other and redemption
could take place, aud no one would suif.
er by is.
IL would be as sound cuireacy as
credit money based on property.
II would be put ia circulation by tie
government paying il on, to its employ
The postage stamp is based ON the
principle Of redemption in services, but
is not Issued in suitable ioru for curreu>
cy. and yet it is Frequently used in
smal! remi :tances in letters as such.
A form Of credit money could now
be issued resembling our paper bilIs, re.
deerssble III postage riamps." ;"
"Ilow msch?" asked Mr. Sovcr il u
whose face had worn broad smile dur
lug the answer to his previous question.
The total annual postal business, said
Coin, of the government for last year
was about $4,000, 900. This amount
would circulate at par, with other moa-
cY-hov mech more would not now
undertake to say. IL would be redeem,
able in postage stamps. just as the other
would be rcdcenlable in railroad passen>
ger tickets, or receipied freight bills.
"rlis would be money based on lab,
OF"
4 ITO be continued)