Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1898-10-21
!. SOUND MONEY. : J
vocates to Cloak Most Gigantic
Crime Of the Ages.

ard to cloak the most gigantic crime
of the ages. The use of q term asso-
ciated in the minds with stability,
correctness and orthodoxy, for the
purpose of securing mental acqui-
essence and eluding inquiry, when in
vestigation would prove the very OPP,
posite to that which the term implies,
is q recognition of the existence of
moral forces that must be reckoned
with. .s.t-.c
Sound money is money that will pre-
serve practically unvarying purchas-.
ing power through a period of years
and preserve the equities of time con-
tracts. Money to meet this require
ment must increase in volume with
the increase of population and de-
mand for it's use. No money can be
called honest or sound under which
debts contracted to be paid in one,
five or ten years cannot be paid with
out doing an injury to either the debt
OF or creditor. When debt is con-
tracted business transaction is but
half completed. The transaction is
finished when payment is made, at
which time the money of payment
should bear the same relation to prop
erty and commodities in general that
existed at the time the debt was con-
tracted. With such a money the pro-
duction of wealth and the develop
ment Of the resources of country
will reach their maximum, and the
success of individuals in business will
be measured by the intelligence and
industry of each. Such a money will
not enrich it's owner while locked up
in safe. The owner can profit only
through it's use.
Money is not sound or unsound be-
cause of the. material of which it is
composed. The test of soundness is
its unvarying power to purchase
things in general. If all transac-
tons between man and man were COM
pleted at once, and no debts were Gre
ated calling for payment in money at
. future time, the question of bimet-
auism or a gold standard would not
be under discussion. A plentiful sup
ply of gold and silver from the mines
would give prices an upward tendency,
stimulate production, and such thing
as enforced id1eness would be I'M
known. But should the supply Of
money be cut off through the failure
or exhaustion of the mines, falling
prices would ensue and the profits Of
industry lessened. If such condition
should continue long time the money
value Of all forms of property would
be vastly diminished and production
would become limited to the impera-
tive demands of daily life. .
Thus it will be seen that under con-
dtion of cash payments and the alb
sence of debt no motive would exist
for the demone tization Of either metal
and hence the money custom in its
present form would find no place in
the arena of politics.
# there were no debts to be paid in
money at a future day, no person could
be found who would favor the demone-
'tization of either metal or contrac-
ton of the money volume. The as
sault that has been made upon silver
a. a money metal is the work Of a
combina ton Of the creditor classes
who own the bonds. and mortgages
against the nations, states and people
Of, the world. The amount of the
worlds indebtedness Is said by the
best authorities to exceed $3.50, o00, 000,-
600. A very large proportion of this
IL held by a compare
lively small number of persons resid-
ing in less than . dozen Of the princi-
pal cities Of Europe and America. The
large owners Of securities effected an
alliance or organization over 40 years
ago. They are interested in making
money scarce and dear. The fall of
prices that bankrupts the man of en-
terprise, drives labor into the street
to starve, and confiscates the equities
Of debtors, enriches them by giving a
larger purchasing power to the money
in which their interest and principal
must be paid l.
This combination at the present
time controls legislation on the money
question in all the principal nations of
the earth and in none more 50. than in
our own. They constitute a money
trust. With gold alone the standard
money of the world there. would be
just sufficient Of It to pay six months
interest to the great creditor COM
bination, and it would require all the
gold money in existence 80 times over
to pay the principal. The owners of
these securities are also the owners
Of the principal banking houses at the
great money centers of the world.
The tax gatherers backed by the sher-
Ills and armies of the world are their
collectors. =. In the payment ofginter-
est q stream of money from all the
nations Fof. the earth is constantly
into their Golfers. Through
the great. banking houses which they.
control at the money centers, whose
dealings are only With other banks,
the money u loaned again and finds its
way back into the channels Of trade.
The ba1kss under tie control ~ The
rest creditor combinstioo possess
the power to discriminate s again1t any5
state orr other boil. refuse II credit
and force it into liquids ton. ao grest
lDatheAposor Of thls cred tor oe ahtna-.
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