The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1900-08-17
THE MONEY ISSUE.
| why Noe Issue Greenbacks Instead Of
Bank Notes Rsdeemable In -
Greenbacks?

Money is necessity of civilization
without it the productions of the peo-
pie cannot be exchanged. Without it
all trade and commerce must end
1t it is furnished in insufficient guam
titles, its purchasing power increases
and the prices of labor and all com
modities produced by labor cores
pondingly fall. The rich therefore
become richer and the poor poorer.
To supply the people with money is
the supreme function of government;
for the only end of government is the
prosperity and happiness of the gov
erned.
Hence the constitution declares that
congress shall coin money and reg
ulate the value thereof. And in the
same section it provides that congress
shall declare war, raise and support
armies, and provide and maintain a
navy" Congress has no more right to
authorize private banking corpora
the citizens than it would have to
authorize similar private corporations
to declare war, raise and support ar
mics and provide and maintain a
navy.
And when the issue of the money of
the nation is left in the hands of pri-
vate corporations, whose interest it
is to make it scarce, and therefore
dear, not a dollar of it can come to
to the people across their counters
until some one borrows it and pays
interest on it.
The country is then in a horrible
condition. 1t is as five were charged
for the air we breathe. 1t is as if
our army, controlled by private cor
pOrations, refused to resist the in
vaders of our country until every cit
private bonus for defending his home
Originally all business was barter;
and gold and silver, valuable because
the pagan priesthood adorned there
with the temples of the sun and moon.
became standard commodities; and
being compact and portable, were fl
nally used in making exchanges and
called money" and so descended to
our own times.
Later, however, Il criminal conspir-
acy was organized among the capital
lists of the old and new worlds to deny
the moons metal. silver, access to the
mint. They have thus reduced the
metallic-barter basis of all business
over all the earth one-half.
Political necessity has forced them
in this country, to issue paper bank
tn nTxy no
but these are only to reach the people
by being borrowed and paid for
with more interest and more eventual
bankruptcy. And SO they have set
the pyramid of currency upon it's
apeN-the gold supply of the world
a cube about q feet square, which
all nations are struggling to secure;
and now the inverted pyramid is tot
tering to its fall. and the bankers will
scarcely be able to prop it up until
after the next election. And when it
falls. mankind will be overwhelmed
with calamities for which history at
fords no parallel.
While we regard the redemption of
the money of our country in gold and
silver as Il relic of barbarism and a
survival of pagan superstition, never
theless, we demand that if either
metal is used, both shall be so used.
If there is to be metallic basis for
our currency. it must be as broad as
possible.
There is no more reason for MAX
ing our money of metals than there
is for engraving our national bonds on
plates of gold, or printing our pos
tage stamps on tags of silver.
When silver was demonetized, it fell
one-half in value; gold similarly
treated. would shrink in the same
way. There is little intrinsic useful
ness in either. Civilization could en-
dure without both of them; it could
scarcely live without iron or copper.
In our civil war government paper
money. without bankers, saved the
nation: and it's life can be maintained
in time of peace. by the greenbacks.
1t is a crime to compel SO.OOO,O0O
of free people to depend for the first
essential of human society upon n
few thousand bankers, who make the
people pay heavily for doing for
them what the people are abundantly
able to do for themselves. The bank
er's note is redeemable in greenbacks.
Why not then destroy the bank notes
and issue the superior paper-the