Willmar tribune., 1900-03-28
MORE MONEY MEANS BETTER TIMES.

The net increase in national bank
note circulation as the result Of the
new legislation is estim ated at any
where from 5000, 600, 900 to $3.50, 900, 600.
On the present capital of the banks
there could be an imitation of $3.50, ,00O.-
600. The creation of new banks might
we'll carry this limit up to $3.50, 600, 900,
but 10 such expansion is anticipated in
conservative quarters. An expansion
of $500, 600, 600, however, is quite pos
slbte, and even probable.
There will be delay, of course, in
getting the notes out, but the effects of
the imitation will be anticipated to
some extent, especially in speculative
circles. When capitalists know that
new money is coming into the market
they will naturall y be more liberal in
the matter of Accommodations with the
stock on hand.
THIS COUNTRY CANNOT EXPERIENCE
AN INITIATION OF EVEN $500, 900, 600
IN ITS CIRCULATING MEDIUM WITHOUT
WITNESSING INCREASED ACTIVITY IN
BUSINESS AND AN ENHANCEMENT OF
STAPLE VALUES. Real estate. especl-
ally, ought to feel the impetus. Thus
far, real estate has Jagged behind and
has not received the benefit Of the 10
creased prosperity that has doomed
other descriptions of property But
real estates turn will come, and it
ought to come by next fall Dealers,
however, should discourage any crazy
real estate boom, such as the country
suffered from some Is or 20 years ago.
Minneapolis Tribune.
Verify, the whirligig of time brings
it's revenge. For years the populists
have been denounced as hair-brained
cranks because they advocated the
theory that an increase in the circu-
lating medium would bring an increase
in staple values. And now the repub-
licans bob up serenely as advocates
of that much-reviled theory. Ofcourse
the republican leaders knew all the
time that the theory was indisputably
correct, but they combated it till they
had congress that could be relied on
to give the national banks the CON-
plete monopoly of the increase and en-
able them to skim the cream from the
prosperity milk pan.
Now, if an addition Of 100000, 900
Of certificates Of Indebtedness, based
on another S200,0O0,000 debt, will
bring such an increase in values, what
would have been the result of provid-
ing for a steady increase in the VOL
ume of ACTUAL MONEY, such as Bry-
ans platform advocates? Remember
that this increase in national bank
notes does not represent one cent of
actual value. 1t is debt, pure and
simple, except that the banks DRAW
interest on their debt instead Of PAY
ING interest, as other less favored
mOrtals have to do. Not dollar of
national bank notes goes into circu-
lation without drawing interest. Gold
and silver money represent a good
deal of labor, in most cases amount
ing to at least half its value. Thus
at least one half of that money has
been put in circulation in payment of
wages, and is not burdened with an
interest charge from the beginning.
That is why the banks object to free
silver. They can't draw interest on
that from the start, and they can't get
hold Of it without giving it's value in
some form. Government paper money
is still more Objectionable to the
banks, because it could be paid out
by the government for services, and
thus represent one hundred per cent
OF value received, every cent of it get
ting into circulation without having
an interest charge tackled ON to it.