The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-01-03
CURRENCY DANGER.


body, to put the control of that eur
rency into the hands of people who are
thus able to Cypress business.
When band of people find that by
locking up the nations currency they
thereby force those who need it to pay
unusual and fabulous premiums for its
use, and are thus able to force down
the price of securities and goods by
means of forced sales induced to get
money to meet maturing obligations
the temptation is great on the part OF
such band to Cypress the public and
business for their personal profit at
the public expense.
This method is being recognized in
this country to-day, although an old
story in Europe, as the quickest and
easiest way of gaining wealth, cOnse-
quently is most practiced by the IN
scrupulous who have capital for the
purpose.
Practically it is a "dead open and
shut game"-except in cases where con-
troll of the market is lost-no matter
how much capital is employed in the
venture, so long as there is sufficient.
To-day this plan is in operation in
the planning of panics to extend
throughout the country, and is in OPP
Grafton in cases Of single issues of
stocks, bonds, and any kind of mer-
chandise dealt in on exchanges.
This is the key to the attempts of
bankers to control the nations cur
renoy.
For these bankers know the moment
the nation assumes control Of the ma
tion's currency volume, their power OF
depressing by its means for their own
profit, is at once blocked; the nation
would have the power to break such
conspiracies by issuing more currency
This is one of the first reasons why
money lenders demand an exclusive
gold basis as the money policy of this
country.
They know that under a gold basis
our government could not get enough
to relieve and large contraction specu,
tlators in the nations currency see fit
to create.
This shows the commercial and pro
dueing interests of the country that
they must unite for self preservation
and put the control of their currency
volume in such shape that spectators
cannot deal in it.
This is a very serious matter, and the
sooner acted upon by the business com
munity the better it will be for them.
And if not at once attended to il
means the ruin Of great many indus
tries and producers, just as happened
and all in the described way-in the
case of the 1898 panic. Non-attentiOr
also prevents capitalists from entering
into industry that employs labor.
The comptroller Of the volume Of
money in active circulation can easily
make this a nation of tramps, or, make
it the most prosperous nation the
world has seen.
That is a fact which every bushes;
man must know who has any knOwl
edge of the plain facts bearing upon it
consequently it becomes imperative fol
all business men to see that such con
troll is not left where it is outside Of
their own possession.
The federal government is the only
safe place to allow this control to rest
Anything short of that means the put
ting of the industries of this country
into the keeping of any band Of IN
scrupulous people who are able t.
i gather capital enough to corner thu
market.
This principle also includes the dis
sribution Of money as well as its issue
The federal government is the oni!
safe place to permit such a distribution
to rest.