Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1897-10-15
Fl. A. BELL HAS A PLAN
PERPETUAL MONEY WOULD
CREATE A KLONDIKE.
Prosperity Sure to Follow It's Adoption
NO Bonds to Eat the Profit on the
Peoples LabOr-The Burden of In
tcrest Explained.

Il):-We see the claim made that the
klondike country can or will turn Out
In the next two years, one thousand
tons of gold, at which rate in three
years 1t could turn out one thousand
million 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
n force as proposed in The New Idea,
we could beat that nearer home in both
wealth and money by putting one mil
lion idle men at work at 81 per day for
three 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, l 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
Idea 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 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
like amount of dollars worth OF gold
being found by few persons, as only
comparatively few would be employed
n getting out the gold, and, except for
the needs of the few owners, the gold
would not get into circulation without
individual mortgages. If the owners
of it 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 psportation-bonds 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.
If the people whom this most af-
fects, regardless of party politics,
would look into the proposed plan and
study it for sixty days, they would
likely have 1t in operation before five
years. If 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
five and a 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
property-wealth- be a title in
the hands of the persons receiving it
for dollars worth of any commod-
ity at market price or at the price Of
fered for sale anywhere in the United
States, and legal tender for services
(taxes) deots or claims of any kind in
our country.
This perpetual money would come
from prosperity-from labor adding
wealth to our country-wealth free
from bonds. Prosperity coming from
confidence money is only spasmodic
to result in panic each few years, or
as soon as that confidence money eats
up all its worth in interest and divi-
dends, or when it wants an extension
of Understanding bonds. II people
could but comprehend the enormity of
interest on perpetual bonds to be piled
upon posterity, to say nothing Of div
idends, they would not suffer another
bond to be issued under any circum-
stances.
DR.. c. F. Taylor, editor of The Med
ical World, Philadelphia, got Professor
H. e. Whitaker of that city to calculate
the interest on one dollar for 1896
years. Having no time to verify the
figures before closing this article we
will quote DR.. Taylor in The Medical
World of February, 1897. Had one
dollar been loaned on the first day of
January. A. D. 1, interest being allow
ed at the rate of per cent per annum
compounded quarterly, then 1896 years
later-that is, on January 1, 1896, the
amount due would be $500, $3.50, 1861, S19,-
16O, 1896, 900, 900 900, 900, Goo (593 nonillion
dollars). If 1t were desired to pay this
in gold 1922 grains to the dollar then |
taking spheres Of pure gold the size Of |
the earth, it would require 51,S5S.3 of |
them to pay the amount.