The farmers' union. (Memphis, Mo.) 1891-1895, 1895-01-17
4 FINANCIAL SYSTEM.
THERE'S NOTHING COMPLEX
ABOUT THE MONEY QUESTION.
No, the Mighty Problem That the Bank
Isoi,s,tr> ami Politicians for P.lf VI ould
tics Ectnr!n Notes.
NDi:l, { n,.iuiou sense.


The money question is very simple,
The bank rnhher, claim it IS Il complex
problem. The politicians tor pei: tell
Us tha: finance j. 4 problem.
Now let lis examine tnat problem
and see II i; can he solved. Bear IL
mind, is W" 20 along. that money Is
only Il re- re>entatlye OF wealth. he
moment money is hoar,!tu 1t IS a dead
weight. Its design il to circulate.
Now follow Us and see how easily TIE
financial problem , can he uuray.lei.
The sole mission Of money. currency.
IS TO facii ate trade and 10 effect eN-
change and Sustain commerce within
country. The currency OF Il country
IS not DIES g.ed for use outside. Of the
borders OF the countrv issuing it. and
rarely does leave It's home save IN the
caracitv OF 4 commodity. \ certain
anoun, of circulating money is alb
solutely necessary to the prosl erltv
and happiness OF the people of any
country.
The bg~t informed writers on polit
zeal economy contend that the light Of
experience places tins amount at 500
per capita Now all government
need do To have = salutury financial
aud CONNIE rriui condition ~ to i~s'lt
for the use OF It's rtoj lie his amount of
per capita circulation AM! maintain it.
Ii so Is not the correct per capita OF
circulation the condition of commerce
an,! trade will Very soon suggest its
! increase Ur decrease. This money
must he ISSUED directly from the Gov
crnMcnt as money coming Is 4 soIer-
eign power only to he exercised by the
/ Government itself. No banks of is>uc.
either stat. on national, should exist
This money ISSUED and coined hy the
Government may lac gold silver. cop
per. nickel or paper. or all OF these
substances may u. used. 1t matters
! not Of hat Entlorai money Is compos-
ed of. rs it is the Government fiat that
/ gives II purchasing and debt pawn +;
power This motley must be equal III
icbt-paNlnG power, all al !: an :th>olut"
legal tender Tor all debts. both public
and private. receivable 10y the Govern
lnemt Tor all debts. taxes and revenues.
! but rc,lremablr in nothing.
Now with 500 per capita OF circulate
ing money. with Il revision 20 increase
it to keep pace with the Increase OF
! population, not rcdtelnah'r. but uni
versally receivable. IA financial panic
would be utterly inn o>,lhle.
Some one may ask how the Govern
mcnt is to get this money III clrcnla
! ton That can he ,lone very easily
No person rytr experienced difficult '
IN circulating money. The trouble Is
to get it to circulate. Foster /; liberia
policy Of public improvements unit
the money is in the hands of the peo
pie: then cut down taxation to the eX
not needs cf tie Government eXpendi
lures. This policy. together with 1t:
irreIemmable quality, viii ccrtninl,
keep it in circulation. Then. som,
one might say this great body o
money. irreuecmahle III its nature
might lnj IRE Government credit. VIII,
should a Government not have goo,
credit if 1t avs its debts. \ business
man who pays his debts promptly
always has credit. and Sc it is with
Government. Pay Government debt
promptly, and the Government creti
matter is settled.
Foreign debts are always ruvablr il
Il commodity. II may be gold, silve
or grain. beef por!. or cotton. bat II j
taken only at the CON mudl:v value. IL
matter what it IS. Ii We happen to h.
short on the article the foreign coun
try wants. 1t will he forced to TAX,
some other article. or wal- until W
can accumulate a sutticicncy Of the De
sired article. \ Just per capita OF cir
culatinG money always makes a pros
p.rous people. The people being til
government and being prosperous. j
naturally follows that the yovernmen
is prosperoCs. Is not a PROS erou
nation able to pay It's debts:
Here is common sense financial
svstt II that Is guaranteed TO work sat
i>fac,orilv IN this country, and
"Nurup" don't like il the people {
this country need not worry. AmeI.v
Is allie TO run It's Own government.
Uncle Sam ca. { manage his own tinal
cial II alters he had better resign Iii
commission aul take shelter undo
John Bulls wing.
lahor [ Mons III Politics.