The Louisiana populist., 1897-11-26
H. A. BELL HAS PLAN
PERPETUAL MONEY WOULD
CREATE A KLONDIKE.

prosperity Sure to Follow Its Adoption
NO Bonds to Eat the Profit on the
Peoples Labor-The Burden of In.
terest Explained,
Editor State Register (Springfeld
lH9:--We see the claim made that the
hlondike country can, or will turn out
IN the next two years, one thousand
IONS OF gold, at which rate in three
years 1t could turn out one thousand
ihilllon dollars worth--about one
fourth as much gold money as is now
supposed TO be in the world. That
sounds pretty large, but if we had the
perpetual money and industrial system
III force as proposed in The New Idea,
we could beat that nearer home in both
wealth and money by putting one mil
ilon idle men at work at 81 per day for
tnree years, or 900 days, which would
give US eighteen hundred million dol
lars OF actual wealth. Now, while you
may not agree with me, or indorse the
plan, feel sure that many OF your
readers, after reading the work, will
agree with me in the claim that the
perpetual money proposed in The New
loea would be the best money the
world ever saw, and that the system
would give the best results to man
KIND OF any system ever known to the
world, from the fact as coined and is
sued wealth would be added to the
country, and everybody would be en-
ployed in making a living.
AS eighteen hundred million dollars
would be issued, we would have that
amount Of additional government
wealth In property serving us, and the
additional eighteen hundred million
dollars OF absolute legal tender money
IN circulation without bond or mort
gage; besides, we would have millions
OF private wealth added to our coun-
try, to the extent of homes and other
improvements. from the earnings of
the ones who worked and built the
proposed government wealth.
Money so issued or coined would be
many fold better for our country than
ike amount of dollars worth Of gold
being found by few persons, as only
comparatively few would be EMPLOYED
IN getting out the gold, and, except for
the needs OF the few owners, the gold
would not get into circulation without
government or corporation bonds or
individual mortgages. II the owners
OF 1t should build railroads, they would
issue stock and bonds to themselves.
SO as to draw dividends and interest
and hence we would still have bonds
on transportation-bond on all the
people during all our lives and to be
extended on to unborn generations-a
crime which ought not to be tolerated
Under the perpetual money and indus
trial system proposed in the New
Idea. we would have the wealth
added to our country free from debts.
mortgages and bonds forever.
II the people whom this most af-
fects, regardless Of party politics
would look into the proposed plan and
study 1t for sixty days, they would
likely have It in operation before five
years. Il said system had been in
effect the nineteen years prior to 1896.
there would have been saved to the
people In railroad transportation alone
on the same amount Of business over
i've and half billion dollars (more
gold money than in the world: be-
sides railway employees, except high
salaried officials. would have received
better pay, and every other class OF
labor would have been employed at
good wages, all the while, adding mil
lions more wealth to our country.
Each perpetual dollar coined or
issued in payment for government
wealth would be a title in
the hands Of the persons receiving It
for dollars worth Of any commod-
ity at marker price or at the price Of
fered for sale anywhere in the United
States, and legal tender for services
(taxes) deDts Or claims Of any kind in
our country.
This perpetual money would come |
from prosperity from labor adding
wealth to ollr country-wealth free
from bonds Prosperity coming from |
confidence nil,ney is only spasmodic |
to result In panic each few years. or |
IS soon as that confidence money eats |
Up all its worth In interest and dfyi- |
lends, or when 1t wants an extension |
II nterest-bearing bonds. II people |
could but comprehend the enormity- Of |
interest on perpetual bonds to be piled |
Upon posterity, to say nothing Of div
dends, they would not suffer another
bond to be isiiued under any circum-
stances.
Dr.. G. F. Taylor, editor OF The Med
cal World, Philadelphia, got Professor
I. 3. Whitaker Of that city to calculate
he interest On one dollar for 1895
years. Having no time to verify the
igures before closing this article we
Will quote DR.. Taylor In The Medical
World Of February, 1897. @Had one
~x- ~ ~ q : 4