Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1898-03-18
The Brother Hayseeds.
(By J.Ez. Holter.o

a s
ayJ.n Hol'er9
Good morning, Tommy, glad to see
you, robust and healthy as you are
looking; your conscience at ease !
presume"
@ "Thank you. Bro. Hayseed. yes sir,
though you cast . frebrand into 1t last
week; that gold scheme Of yours is
enough to upset any mans conscience.
the more think Of it the better ! am
pleased; put it into operation. But
never mind that just now. want to
sec how you will save your gold from
these pesky greenbacks."
II think I have already made that
plain, Tommy"
..Ah yes, yes you did, but you would
Iha, q. the currency increased, that is
VI lam at"
o. Sir, and here is one means by
which / would do that, you can weigh
il over Tommy. The RAINING expenses
Of the government, you know, amounts
to about five hundred million dollars
year at the present time; suppose the
government pay these expenses with 9
brand new paper money, call it green
backs, if you please As the govern
ment must collect it's expenses from
the people in the shape Of taxes and
customs duties, and as this new money
would find its way into the hands Of
the taxpayer the government would
collect it all in during the year it is
paid out. When these new bills are all
collected they are redeemed and can be
reissued for the next year"
..And you would have the taxpayer
hustle about to find this money to pay
taxes with"
..Ah no, the taxpayer would pay in
any money he might have on hand, but
the government would collect this
money for taxes, that could be done
easy enough through the clearing house
sblishments you know. Do you
tAlnk it is an increase of currency
That looks like an increase OF five
hnEqred million dollars Of as good and
sound money as was ever handled by
man sir"
II claim it is good money, Tommy,
and though the greenbacks are drawn
in, there is paper money to take their
place, and there is gold and silver set
loose for the greenbacks. so there is
really no decrease of currency"
..Now, Mr.. Hayseed there are two
nointers straight as candle, no crook
ednees about them, can yon bag up any
more?'
"Maybe, Tommy. though ! want you
n hear in mind two things before we
go farther"
"Mv mind will bear something yet
sir, hand over your goods"
"In the first place you should bear in
mind, Tommy, that these five hundred
million dollars do not cost the people q
farthing in the shape of interest, all
their cost is the paper and printing.
That sort Of money issue don't suit
banker Gage, for he can not get his
hands into the interest pull, and that, l
1bresume, is the reason why it has not
sn instituted long ago.
~ have faint sneezer myself, Mr..
Hayseed."
in the next place want you to bear
in mind, Tommy, that money issued
nnder regulations Of control will always
return to the place of issue. Bankers
understand this perfectly and that is
the ,oint on which the hinge turns
vbv bankers want the issuing privilege
and have the government stand the
responsibility. Banks issuing money
bv way of loaning to the people, say at
70 per cent interest, will have the
amount of issue double returned in
exactly 81 years. So you will readily
-. Tommy, that BY such operations 1t
liirSn't take long for the banks to own