The representative., 1901-05-23
bonds in unlimited quantities. Yet /

bonds in unlimited quantities. Yet II
we propose to have the government
assume It's rightful prerogative, and is-
sue real non-interest bearing money In
unlimited quantities, the exploiting ele-
| ment denounce such money as worthless
/, and why? Because the issuing Of real
money in large or unlimited quantities
would greatly reduce the interest, and
the occupation of these Shylocks would
be gone.
Therefore, such money to them would
be worthless. But, oh! how valuable
to the people 1t would be. pray God
they may yet becvme enlightened
enough to see it's vast benefits to them
and theirs. And in this one thing lay
the bitter opposition to Bryan and Bry-
anism. His free and unlimited coin
age scheme would have greatly increas-
ed the money of the country, and COR
respondingly reduced the rate per cent.
They hated him for his advocacy of the
Quantative money theory. They did not
and do not wish the people to become
enlightened on this point. And that
which made him SO interesting to the
great mass of the people, in spite of
press, lay in the fact of his advocacy
of it.
What evidence would we have of the
country being flooded through this great
and substantial increase Of 800 per
capita? Simply this, that on all sides
we would see the people happy, prosper
Gus and contented. Everybody who so
desired, at work earning good and
steady wages; no tramps, paupers nor
poverty.
In this connection take the liberty to
quote from Stephen Delaye, in his his
tory of the French Assignat, to show the
practical effects produced on the habits
and condition of an oppressed and i'm
poverished people by flooding their
country even with a spurious and coun-
terfeit money. They, the people, of
course, not knowing it to be such.
The lands and means of production
and distribution in France previous to
1890, were almost entirely owned and
controlled by the nobility and the cler-
gy. But at that date, which was few
months after the overthrow of the reg
ular government, the French Assignat
was issued. 1t met with the most deter
mined opposition from these two classes,
both in France and other monarchial
countries.
He says: "The clergy and the nobil-
ity set criminal law and every principle
of honesty at defiance, and organized
forgery and made the passing of coun-
terfeit assignats an occupation. Thus
attempting by crime, by stealth and by
mine the credit of the assignats, deprive
France Of it's resources and overthrow
the revolution"
Fifteen billions of francs were forged
in England alone, under the eye and
approval of Mr.. Pitt, premier of Eng
land, and put in circulation in France.
And this amount was added to by large
amounts of forged assignats smuggled
in from Belgium. This, to-
gether or in combination with
the legitimate issues of the
French government, we can call
money issued in unlimited quantities.
What was it's effect on the French peo-
Pile?
Mr. Allison, the historian. says: ION
the other hand, the debtors throughout
the whole country found themselves lib
Grated from their engagements. The ma
tional domains were purchased almost
for nothing by the holders Of the govern
ment paper; and the land, infinitely sub
divided, required little of the expendi-
ture of capital and became daily more
productive from the number and energy
of it's new cultivators.
"These vast alterations in the circula-
tion induced social changes more dura-
BILE in their influence, and far more i'm
portant in their final results, than all
the political catastrophes of the revo-
luton, for they entirely altered, and that
too, in a lasting manner, the distribu-
tion of property, and made permanent
alteration in the form of government un-
avoidable, from a total change in the
class possessed of substantial power
Here we have an historical account of
facts, not theories, showing the great
benefits derived by the people of whole
nation from an unlimited increase of
money; benefits, the good effects of
which their descendants are enjoying
even unto the present day. The great
mistake made by those bitter enemies Of
the people, the nobility and the clergy,
was in their belief that in putting an'un-
limited quantity of this representative Of
all values in circulation, they would be
able to flood the country with it, and
turn the masses in disgust against a
worthless money.
But, as we have seen, the more of it
they issued, the more happy and pros
porous became the people; and the
stronger and more victorious became
their armies, sweeping all before them.
And had they been intelligent enough to
cling to it, and patriotic enough to fight
for it, they, long ere this, would have
been the most highly civilized and the
most powerful and happy nation on