Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1903-08-01


The peoples party believes it has
found the remedy for this condition.
1t believes in taking away from pri.
vate corporations the right of issuing
money and giving that power back to
the body to which the constitution
gave it. Government money issued
without the Intervention of banks, SUI
fcient in quantity to carry on the
legitimate business of the country,
not subject to sudden and violent con-
fractions, legal tender for all debts,
public and private, and postal say.
ings banks to safeguard the savings
of the common people-that is the 60
luton we advocate.
Whether the solution we offer is the
correct one or not, the nation must
take hold of this subject in earnest
and settle it right, because our pres
ent system, or conglomeration of sys-
TENS, has done enough damage. The
peoples party is the only party that
has clear cut, definite solution to
offer on this subject.
, Nowhere is the socialist more de-
lightfully vague than on the money
question. I have vainly looked
through the official platform of the
party for an utterance on this import
ant subject. The nearest approach to
1t is where the platform demands 1.-THE
inauguration OF system of public in
dust"ies., public credit to be used for
that purpose. Whether that "publie
credit" will be in the form of loan
secured by bonds, or the issue of cur
rercy redeemable in some form of
money, or by wage checks, we are left
to guess at. Mr. Thompson, however,
has settled the question, as far as he
dominates the socialist party, by de-.
claring in favor of the wage check
system. AS that system is about as
vague as anything in the platform 1t
is necessary to get some straight
understanding of it before we can in
diligently criticise it or declare in it's
favor. To the end that we may reach
such understanding, I have few
questions to ask:
Will the wage check be good as cur
rent money, or will it be redeemable
only when presented by the person to
whom it is issued? =.
If the former, will there be anything
to prevent thrifty person from say.
ins up his wage checks and getting
the capital for starting a bank and
''exploiting" others in time when they
may have need of money? know
you declare against interest, but there
is no way OF preventing a person from
paying for the use of another mans
property if he wants to do it. If no,
transferable except in trade with thu
government for goods, what will the
people use to pay for things that are
not produced in factories? Some Of
them may want to pay their minister
or get some amusement, etc. 5.
If every man is to get the full value
of what he produces, how much will
the teacher, physician, minister, edi.
tor, ETC., get? Their labors do not
produce anything that can be meas.
ured or weighed and have its:svalue
determined. :*[~s e. T. -.
4. If each worker is to get the full
value Of the product 81, his labor, how
will this be determined in large indus.
tries where hundreds of men may have
q hand in the making Of one article:
How many bookkeepers will be neces.
'sary to keep track of what each man
does? sst sss; & st. s.5..
Will the farmer get the full value 81
the products Of bis labor. or will be
still be subject TO the old condition 81
taking what he can Get for his prod.