The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1900-05-25
MONEY STILL AN ISSUE.
Instead Of neinE Dead ~ IL Vow
More AIive Than
Ever.

last uHtAi N'ais Ht hNtffAAiuhhlt
data from official sources are as fol-
lows;
Fiscal Year Expenditures.
iSiS .............,'.,......... tiaSsls.n y
isoo mine monthsj...... sissSi Ss3 IS
Total .iis. 75s ~ a
This is alarming. and when we con
slider that the total amount OF these
expenditures. wrung from the people
BY taxation. exceeds by several hun-
dred millions the total amount of the
balance Of trade in our favor for the
same period of time, n Is easy To un-
derstand why that balance of trade
has not benefited us financially. why
We are compelled 20 resort 90 credit
money. and why the creation Of
money or It's simulacrum has been
turned over TO the banks 10 provide
us with a medium of exchange suf-
fcient to carry on any business at all.
Hon. Marriott Brosius. republican
member OF congress from rerhsylya-
MIA. Is man who looks ~ figures.
and SAYS figures do not lie" lie aud
an his republican confrcrcs do not see
the lies behind the figures. la a
speech in the house on May D. he
gives some figures which are included
here and should be added to those
set forth In the preceding paragraph
50 that the reader may judge Of our
deplorablc financial condition. Re
SAYS: "Thc rcfuuding provisions Of
The law are working out an achieve.
ment in finances without a parallel
in the history OF the world" and he
submits the following Official state
mcnt;
Amount Saving Premium Net
refunded. In int paid saving
sos saeo.so E.eous n'S,ss7 n.aas-s
isS iss7i.7p 2.sasss issssas tSess
isc, Wss.0o 4assu Lo@sS SASS
$500. 10 sal.eo. Is p6Ot77i t6ea.f 5g
Mr.. Brosius il a. near correct a. "a
is possible for an able hnnncicr be.
longing 20 the republican party 90
be. which ncarness 90 the truth con
sists IN getting a. far away from 10
a. possible.
} There D. not only not saving in
the above Official transaction. but "A
dad loss Of So. s3o.56i. and here are
thNhRurc- 10 demonstrate a.
Two hundred and sixty million.
twenty thousand and seven hundred
|and hfty dollars 10 run until 1909
Isay ten years. AZ an average inter
~ of four per cent. per annum, would
|iemand In interest 49,. COZ $50.
But this principal has been convert
ed into g0-ycar bonds bearing two per
cent. interest \ total interest for che
80 years amounting "a SisG.oi2. so
To thi. add sss premium paid, S3e.-
03g.T5l. and we have grand total
OF sis20s7.22i. Subtracting the Sa1..
6O7, 400 interest cancelled on the re-
funded principal. and We have total
net dead loss Of SIS. 43o. 5si. ar se.9f7.-
992 per annum.
Taking the entire national debt ~
refunded. and including abou; $50.
100000 IN premiums paid TO bond hold
ers. and We have total dead loss.
or a robbery Of the people. by this
unparalleled achievement In finance"
10 si60.0O0O 900. or five and
off-third millions OF dollars annually.
~ II not necessary 10 indicate who
receives the benefit OF this public
plumber.
We are in the curious position 81
a man afraid 20 pay his debts lcst he
force himself into bankruptcy and dis
turb the financial condition Of his
creditors Nobody but on asc inan-
cier. devoted heart and soul 20 the
problem Of government,
could ever imagine such a paradox.
Yet IL il true. The issue 81 the ma
tional banks Is based upon the public
bonds. and n they are withdrawn
there Is nothing upon which 20 rest
national bank notes. and they also
would have 10 be Withdrawn from cir
which would deprive the
country Of the necessary medium Of
exchange 20 transact its business. and
would also deprive the banks. COM
bines and money lenders of the dou-
bic interest which they are now re-
cciving. When the matter Is care
fully thought over " will appear that
the money question. instead of being
dead. is more alive than ever before
In the history OF the country.