The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1896-06-19

populist in public life who has ever adj
ten per cent. tax on state banks that
the democrats have in their platform.
1t is like some heresies in the republic
an platform. Now. the national alli-
ance, with whom the plank originated,
removed it from its demands this win
ter, in this city, at its national meet
ing"
Thus does this populist (?) senator
repudiate the fundamental and vital
principles of the finance plank of the
Omaha platform, to-wit: Absolute pa
per money and government loans Gi-
rect to the people government banks).
And he is altogether mistaken in his
assertion that the national alliance has
abandoned the demand for money dis.
tribution at a low rate of interest.
Their finance plank, as amended, reads
as follows:
We demand national currency safe, sound
and f1exible issued by the general govern
ment only; full legal tender for all debts
and receivable for all dues. and an equita BILE
and efficient means Of distribution OF this cur
rency, directly to the people, at the minimum
Of expense and without the Intervention Of
banking corporations and in sufficient volu me
to transact the business of the country on q
cash basis.
pense" are substituted for 'at a tax
not to exceed two per cent. per an
num-" And why should Mr.. Allen be
afraid of the idea of the people las a
community loaning their communal
credit to themselves las Individually
at low rate of interest? Why! even
in conservative old England bill has
been passed to the second reading in
the British parliament which permits
municipalities to loan money for the
purchase of houses not to exceed $3.50
to each man. The party desiring to
borrow must have one-fourth of the
purchase money and then give the mu-
inequalities a mortgage on the property
which is to be repaid in 80 years
Not only is Mr.. Allen in error in this
particular, but he also errs when he
states that no populist in public life
has advocated. or defended, the idea of
paper money not redee mable in specie
or else he lost an excellent opportu-
nifty of turning the guns of opposing re-
publican sena tors upon themselves. 1t
all depends upon whether Senator
pu blican, beca use in the U nited States
senate in 1891 he used this language:
1T is of the very essence of money
its pith and marrow and protoplasm-
that it should be a legal tender, uni
versal solvent, the ultimate of pay,
ment, and redeemable at the prices
ruling, in everything that is on sale.
If the volume of such money be prop
erly regulated, while there may from
time to time be variations in the prices
of particular articles, the general
range of prices will be maintained
practically undisturbed.
What an absurdity it is for the gov
eminent to put its sta mp on one thing
in order to make it redeemable in an
other thing imprinted with the Same
stamp but which nobody wants except
for the purpose of getting third thing
that could have been got just as well
without the intervention of the second.
AS we'll mig hit he who, wanting water.
is given silver cup wherewith to get
it, u pom going to the spring be forbid
den to drink until he exchanges his sill
yer cup for a gold one" %.
In the senate in 1898 he said:
Nothing is or can be money in the
proper sense that needs to be redeem.
able in anything else before it can pay
a debt Money is not money if it be
confined to redemption in one thin;
it must be redeemable in all things.
The very essence of money is redeem
ability in all things that are for sale
and all services that are for hire
1t was very wise in Senator Allen &c
decline in advance a nomination fot
president before making this speech,
as, by its delivery, he renders his nom
ination altogether improbable.
GEORGE C. WARD.