Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-08-25
Is There Money Enough2

Is There Money Enougha
The bankers say there is. Aud SO
do all who accept their word as gospel
truth. The entire money of the coun-
try as shown by official reports is q
little under $1,000, 100000. OF this
sum considerable portion is lincoln
ed bullion which is not money.
In the United States treasury is
held 800, 100000, borrowed II years
ago, on which the interest has been
$55 100000, which shows the absurdi-
ty of of a gold basis for a people who
only have borrowed gold.
The other sums on deposit as secur-
ity for circulation, and as special de-
posits are very large.
The controller of the currency re-
ports loans made by the banks to the
people of nearly $500 for every dol.
lar which the same report claims ex-
lists in the United States.
Hence it is evident that somebody
is paying interest four times over on
every dollar in the country. If the
sum of money in existence in the
country equalled the sum which pur-
ports to be loaned to the people by
the banks, it is evident that no dol
lar would be drawing interest more
than once.
1t is also evident from the above
facts that not q dollar of money is in
circulation for use among the people,
upon which interest is not being paid
upon nearly four times as many dol
lars as there are.
Whenever you hear a man repeat
ing the stale cry of the banks con-
front him with these facts.
The gigantic strurture of debt of all
nations, and of oil peoples, is built
upon the fact that the demand for
money is greater than the supply.
The usury system that draws interest
upon nearly four dollars for every
dollar in existence, exists solely upon
this condition.
Every form of credit, all substitutes
for money, such as bank notes, gov.
eminent promises to pay, are all in
evidence to show that the demand for
money is such that the people will &C.
cept that stupenduous fraud, prom
Use to pay for from four to six dollars
for every available dollar there is to
pay with.
| Who is benefited by such condit-
ion, the people. or the bankers who
tell you there is money enough? and
have under their control a lot Of
ignorant claquers to repeat their cry
An observing writer says, 1.-The de
mand for money is Unsuitable. II
grows with the development of indi
viduals, and of nations; it is as higl
as human hope, and as boundless al
human aspirations; it is as broad a!
ambitions tireless search; it is as deer
as the bottomless pit: as cruel an6
merciless as avarice. No other cause
has aided SO greatly to national ruin
No other condition has been tn,
means O. holding humanity so abso
. lutely in servitude"
The restoration OF silver to it's TIM
honored constitutional place as .
money metal, and it's free coinage in
to legal tender money, would doubl
the supply and the demand for i
would be more easily met; prices O
all farm products and of labor en-
gagged in their production will in
crease, thus making it possible to re
deem the lands, the houses and tn
: people from the evils of everpresen
J impending debt.
T As long as the continued fall j
s prices makes money lying idle wort
more than it Is ~hep engaged in bus
ness, it will remain locked up, rea
! its profit from the general decline {
labor prices, and of all species {
J property. This is the trouble nov
: The fall ip general prices is create
| than the interest would be if the MOI
, ely was at work employing and pa.
ing for labor and increasing til
worlds production.
Another fact which ought to
E known to everybody; that no flu
9 legal tender money of the Unite
States was ever below par in eithe
its purchasing or debt-paying powe
Every dollar thus created without r.
!, gard to its material is, and always hi
been worth 100 cents any where will