Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1899-12-06

Journal fsa gem-practfcal, progressive-a
clean: honest. useful psPer-f1ll OF gump-
culation among the best people every where.
You ought to take 1t.
MORE SCHOOL BOOK lvINo.
The LEADING FACTS OF AMERICAN
HISTORY: BY D. 81. Montgomery,
CHM & Company, Publishers, Bos.
ton, 1893.
Such is the title page of what Is
known among school teachers as
Montgomery's Historical Text Book
now in use in our public schools. Our
attention has been called to its state
ment of the money question. He had
evidently studied under the tutelage
of some Jew banker who has always
demanded all that his bond called for
and, il that did not satisfy his greed,
did not hesitate to purchase an alter
alton that would.
For q foundation upon which to
build q gold standard historical lie
Montgomery commenced his text on
money with General Washington's
call upon Robert Morris for fifty thou
sand dollars to@pay his needy troops
in "hard cash." and this, Montgom-
cry says, "saved the army" The his
tory Of continental money is too long
to be incorporated in this article, but
an extract from Benjamin Franklin's
autobiography may lead to little
Independent thinking upon the subject.
That biography says:
1.-THE trade of Massachusetts with
England had drained the colony of its
coin and compelled the use of paper
money. Notes as low as three pence
were in circulation, and were often so
badly worn that they dropped to
pieces.
OF the condition in the colony of
Pennsylvania, Mr.. franklin said:
"About this time (1729) there was a
Cry among the people for more paper
money, only $50, 600 being extant in the
province. The wealthy. inhabitants
opposed any addition, being against
all paper currency. =, We had discus
sed this question In our. Junto a liter
ary and scientific clubl where I was
on the side of an additiQn, being pur-
suaded that the first.slnall sum, struck
In 1923, had done much good by in
creasing the trade, employment and
population, since saw all the Old
houses Inhabited and many new ones
building; whereas I remembered we'll
that, when I first walked about the
streets OF Philadelphia, saw most OF
the houses in Walnut street and be-
tween Second and Front streets with
bills ON their doors, ITO Be Let,"
and likewise In Chestnut and other
streets, which made me think the city
was being deserted. Our debates pos
sessed me SO fully of the subject that I
wrote an anonymous pamphlet on it
entitled: The Nature and Necessity
of Paper Currency 1t was we'll re-
ceived by the common people, but the
rich men disliked It; but they having
no writer's among them who were able
to answer it, their opposition slacken-
ed and the point was carried by a ma
jority in the house. The utility of this
currency became, by time and expert
ence so evident as never afterward to
be disputed; so that it grew soon to
be $3.50, 600 since which it arose during
the war to over one million dollars,
trade, building and population all the
while increasing"
This is what paper money did for,
Pennsylvania before and during the
revolutionary war. It was so great a
benefit as to induce Delaware to issue
paper currency which was printed on
Franklin's press. With this testimony
of Benjamin Franklin before him,
Montgomery in 1893, no doubt with a
goldbug fee in his pocket, makes q
misleading statement about the char
acter and value of the colonial paper
money. 60 '' =. y g.. 4. -, e., -,
In 1871, after our revolutionary ar
my had whipped the British, there
were goldbug vampires in the United
States and they refused to take the ma
tion's paper money. They took their
right to demand coin into the circuit
court Of the United states, where Pat
rick Henry appeared against them.
In the course Of his argument defend
Ing the issue Of paper money he said:
sztsa'Nould our armies ]. have been.
raised, clothed or maintained without
paper money? Without tt the war:
would have stood still resistance to
tyranny would have stopped, and des-
,potism with all It's horrid train Of APP
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