Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1898-03-11
Seeing is believing" ("
Call and see our large stock of
Spring and Summer Goods,
Dress Goods,
Wrappers,
- 1%;::;,::;::: 1;:;::; .::::,
White Goods, Etc.
HANSON & SOGN.
the absolute trump in their hands y

And you want the trump on the
other hand. Now let's see your way"
II do not want any gaming in this
matter Of money issue, Tommy, the
money Of our nation is a sovereign
institution of the whole people, and 1
want that power of the people, central
lied in one exponent which is the
constitutional government, to be in
undivided control of the issue and regu
lation of money. I want the govern
ment to have mastery of the banks, not
the banks to be master of the govern
ment "
"That sounds we'll, sir, but yon say
the gold dealer owns the gold and you
want the government to have absolute
control, how are you going to work
that?'
II think the government could own
some gold also, and since the idea seems
prevalent that the government must
hold gold reserve, would not have
that e>erve procured after the plan of
banker Gage, by tax on those of the
people who have no gold other than
that which they must buy from the gold
dealer Nor do l want that reserve
procured by the sale of bonds either;
for buying gold with bonds is a spur
ious term, there is no such thing as
buying gold with bonds. That trans
action is loan at interest pure and
simple; the governmen, does not be-
come the owner Of a particle Of gold by
such process. It must pay back
several times what it receives, and by
as much as it pays back more than it
receives, banker Gage and his kin are
the gamers and the government is the
loser AS in the Cleveland transaction,
the government issued bonds at four
per cent interest per annum running
for thirty years, that is, one dollar on
the face of the bond amounts to two
dollars and twenty cents in the time of
thirty years and that is what the gov
ernment must pay back before the
transaction is liquidated.
Eyes, Mr.. Hayseed, such are bad
bargains"
"Am glad to see you admit it Tommy,
and now let me propose to you my plan
for procuring the gold fund"
Very we'll, sir, I like to see it"
"Well, somebody will laugh, Tommy,
but between you and me, think it
could be done in something like this
way: First, let the government collect
a royalty off all gold dug out of the
mines of the country. This need not
be made hardship, small percentage
will do. Second, let there be levied an
export duty on gold. Such an arrange
ment ought to suit you, Tommy, as
you are frightened of gold leaving the
country"
by good luck, Mr.. Hayseed, think
it is an excellent idea"
1T will have the same effect as an
import duty on goods you see, Tommy,
and it will accumulate gold to the gov
ernment In the third place, the gov
ernment may levy a tax on goldholdings
upon the same principle as the internal
revenue tax now levied on tobacco,
beer and distilled liquor All these
provisions I mean should be collected
in gold, Tommy, not in communication
with other money, for hold that it IS
fair and just that the money dealer
should be prevented from making a
corner on gold and that, I think, can
not very well be done when nobody is
required to pay the government in gold
but the man that handles gold
II fear it is unconstitutional, Mr..
Hayseed, it is class legislation"
"All legislation is class legislation,
Tommy. Your fear perhaps comes
from the fact that the money dealer
has been playing the upper hand so
long that we almost forget he has duties
to his country the same as other
citizens