davidaulloa/AmericanStories huggingface dataset:
Sisseton Posten. [volume] (Effington, Sud Dakota [S.D.]) 1902-19??, 1903-07-17
GjranS Sperd baa Srapbupbone.

~5he Columbia gbpnoarapb Cons
panp" bpoer MI paa Ell Stris af @rano
Opera Rumre for 8rapbopbpus, bpil.
let bar tofst bet bdabe Wsis % psnge.
Spsr Opnaaslig msianiit Snorctnina
for grObuitiuten ai en- iulotpmmen
Reioro sr blspsn bsnpttet, % gttIitr.
iiptternt er iorfGroiseoe peo 9ompGas
nitts 9aborutorium | Rem BORT al
irtmragenoe Qunitnere meo 9eroensrp.
Slauo be telebrsrsbs Sansere, bpis
annf ullsr,os u blsb.n optaaet, CT
Rartslla Sembri6, bet iInberiulot
farperi9e Soprano o9 Sanssrorons
ming, ON boem Wir. %. &. SsnoeriUn,
"gas,p DOri SUN" ) Wuiiitritilsr, Tiger:
"Radr isg lpttsr til Wartella Ssms
brid ipnesr Srabms 'g9ie Wtlooien',
tllsr Sauberts 'Su bilt bic Rub. aus
Ter isa bsnos for ben fgriis Sanatr,
Der bar lepet." 90 @rapbppbonen bar
opbeparet iitt aleus for os, men for ale
Sl9sttr BE- tilir9iisnos pibrsrsnos Soa
usr al goouaro Dc Rsbts, ben asrlie
uulsptnoe asaSanssr, bpis Rapn cr
,t Spnpnpm for alt nObtIt oa bsrliat /
bans Gitift; % al Naoams Shumanns
Ssini, ben msit frtmrastnoe Gpntraltp
al ben npsre 5io. Rtppe bar Iaaodn
m9stis Oramaiiil araft pGret fans
menimslisoe isaoan unosrfulo apas
litst ai 5onstuuf. Del iDnts umus
liat, at Ell Stemms tan opsbss til idas
leOes at uotrptie meo liss SitIerbeo bet
traeiitt OF bet pGibstiits, bet blimorsie
% BET puOfss, men S1umannsSsint
iorsnsr ale oisis essnitabtr / Ell Sang.
femme al anbso % Stprb,o.
@eiprSsr T rsIia blspsn iitret af
San9sn til eampanari, ben lsoenoc
italisniie SarptOn af Dor Sib; al Sus
game gbdms; ben husits af be FORE
grimaoofnasr, cg al anipnio Stptti
og Charles 8ilibtrt, Der itaar mar paa
Sgioe ulso irlpr Gdmpanari.
Sisis 1runo Opera Numre cr acos
tisnott % unoeriirspns al Sangtrns
ielp % sr unsrtisnsit al osi niliitdllts
gtrotu. Sianor q. Nantinelli, Wlu,
ii,birtitFrtf | metropolitan Opera
S6nis, tiger: Seq bar netUp mso
gslbsbas lpttst til ben mGr,pGrOigs
gitneipeIis AZ be muiiialiis Sttmmtr
al Wtiropolitan Spsru Scui,. 9e CT
tro Wjtnsipelisr % tlare. ba ieg Tan
tun uotdit Min 5ilfrtosbto mso benz. "
&c, Der lille bar anlsouiug til at
bore Cperaiuugere, bill blipt intsrssiss
tsst % iritrIltrtrs sso Rsproouitiphsn
d' sisis fore aunftnsr,s Sdna, % be,
Ssr bsisasr Cpsrutr; bil jinst BET en-
SOrutislis at bsrs Btsrsibslien %
Ben SisI, GjrailS SBtru aumrs bill
bare al Ip,tiil S9rsi iou SnIiruttiri
fbr siuoshtsp. Dc, ser iprisgsr- al
tpuimt til alnrbto 3bloriri oht So
iitbHnntlisn, tlIsr fsssr al iilsanr ia
sri pyaitiit drtmtilling, Eto, at ell al
Sc liireiis atit iii Sdicts or f1iiilaatot
lsr,mpltr df bbao N hrGber for, Eli,
fOrlaotlisbsbsr AsiiIiutsr, os baaber
at opnaq. Get tr lite s9rsrsns 9ti
Ibsninasr, leHi iporer Siuonkn iii
bans itsriie anlirtngsIitr; BET Stems
men iii ben aunltnsr. iem bar ppnadsi
3oppuhttei; ane ben Strmms mnt itus
esrss, ol ituoerfs mso Glib.
Deb oisis erdno Opera giumrt nil
SiuosHitH bate en- anlsbnina Ill at
Sbisrpsrt Ssidlisr al llO,rni % sore
ords, Der hiotil bar btret noeninr
hotts N0tfebioNS.
Sisseton Posten. [volume] (Effington, Sud Dakota [S.D.]) 1902-19??, 1903-07-17
Stn rDOprifffbe ajDlc.

"eun iommer iiisl Gun sliiu mig
lite mere, Os bpOrfpr iial bun oaiao
ellie mig iom u fig en- ulptielie
Staiiell~
Wen nspps babos ban ptrei oisi,
Islobebrsioenoe Orb, for en- Omnibus
fianieoe npsls Sirioi ira BAN. % pac
oens platform fob en- lins pise. ban.
6crlopeos. 6oranorinaen | SinbsD
iiemnlnssn par n9fen operpalomoe
Dan iipubte ia bort % rate bsno,
Saanoen. % ba Bun ii,s n,o, islt,
bun, bpor ban iijalp.
"ppor ban sliisr mig. iiatisls @ui,
tGhits BUN iuiisnos. "Sea icmmel
NOT Iiot tent, Yaul. men lea III life ir
for. SpOr iiaI oi add ben. | Ssonssns
Qort2"
"gleioa, iss blir iaa iriii. naar jee
ier al Staten Der" /" iasSs ban bsoenoe
"glti aai, iipalo uil iss more mic
os is nOsst, iOm frpOsr nit Sjeris. "
"Su Bat ct SOot Tibet Sisris. 2urp
men bet ipsrssr iua Tibet sitst mig"
"Sa. unosrtiosn iaa."
"Eaar iss bar oruttst. mensr bl.
aRsn nu ar bet iOrbi for bin Stplb
.surp. VII, ben iOm bare par rig"
"Spno piloe ou sjprs oa2"
80, isrii piloe isa ijsbs m 5OrlO'
beliesriiis."
3nr afbrso bam mso en- 2atfst,
"Gu tGnter MI befanois paa @ii'
iermauI ou. Spis iss baoos psnss.
peo bu, hpab ies sioros oa9 so, i,s
tisbts fsrii en- rso aiols. iom jes iaa
en- Sutii isaar. Va, puul, ssn pa,
iaa nRbslisi 3ss fan iii, ianie pat
anoet sno ben. Cab os saa oe 7, pa,
osn!"
&c Gil til ben YaSs, bpot qurl
bapee feet ben rsOpriiisSs aipls. pluo
ieIis itauieos bun iOm tsiassn, Der pa
ben ipl:
"au, paul, rr ben lite npoelia'
8io ben bare bar min! Den maatt
ipmme til at ilGos mis!" Saa psnot
bun iis utaaImooia bort: "Spao npt
ter BET at sniis, iidar man life ian iat
ben"
Seq ital iisbs ben til big, Sm is.
.ida iiaI iiieIs gsnssns!" uObrpbs,
gaul.
Rom. bet bar Oumi, at lts tOs big
meo bio. Oct sisr en- bare misfOrnsist
Cab Os saa Og iaa en- aOp &aifs."
Zen igIssuos Gas iaa mon pan
panors raitIss Op 6s nsS uStrIOr Ulio
lamb Sani. pluoislis ilaass Ssrsu
op, Os en- elegant Sams ,ommsr uo
Sun itauisr ct Gieutii pua 5ortauss
os ipnss at ie sitrr en- Omnibus.
Ter tommsr ben, bun iiiser OBJ | ben
Os bet famine itiiitr buii Saanoer
nso | eummsn pau fin slssante aaabs.
listium for at fOrpisis fig ON, at bur
inttt bdr rftiRd.
SpUr snisl osuns Ssbassiis snS par,
forpisisos ben PAUL ON, at Der bapol
bun fine psuas. % ban iprans sitsl
Smuibasisn % iant aupuiisn usp Dss
7amsns Siot.
Sisseton Posten. [volume] (Effington, Sud Dakota [S.D.]) 1902-19??, 1903-07-17

Beer g. Strpmms sr bIspsn iil,iensl
ben al elias Sissntr'un ppiaitt prG
mis al $50 iOf ben b,ohe snssliis
cpsriGtislis al VI, 6: ginits pdttt
Sist "at Gar mih iunOs siera bet
siiibs ban hsp sjOrt.~
Sisseton Posten. [volume] (Effington, Sud Dakota [S.D.]) 1902-19??, 1903-07-17

bill oas prutsfond Grip I'll SrOgus gaa gnn Central Sosl
creag - ~ ira st pun III 81 6tm rtnrHt bib bpr %
lns utI az gaaaEns mM ka an.snns M bes bam @ gso sm
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
PASSENGERS.
Arrived.

Per stmr Claudine, July 3-Mrs.
| Myers, Mrs. Chamberlain, w. E.
Shaur and wife, Miss Hadley, Sister
Robertina, Miss Annie K p. Chung G.
B. Wells, Bro. Frank, Bro. Morris,
Bro. Leonard, Bro. Martin, Bro. Jo-
esph, Bro. Charles, Now Sing, T. Oku-
DO, Lam Chew, wife and children,
B. K. Kaiwiaea and Wife, Mrs. Abby,
Miss L. PHI, Miss NJ. Nicholas, NJ. Me
Cam, Robt. Single.
Per stmr. Noeau, from Hawaii and
Maui, July 3-Miss A. Akana, Miss
Williams and 10 deck.
Per stmr. Ke Au Hou, from Hawaii
July 3-Lena Titcomb, May Titcomb,
Mrs. Roderigues, Miss Katsu and 10
deck.
Per S. S. Gaelic, Finch, from San
Francisco, July 3-Stopovers at Homo
lulu: Rev. J. p. Erdman, K. Giesecke,
w. Nader, H. Riehm; for Yokohama,
Victor Marsh. w. L. Sims, Con.-Gen.
o. Skybock; for Kobe, DR.. Y. E. Saw
don; for Hongkong, Mrs. H. NJ. AL
bright, w. D. Ballantine, Mrs. w. d.
Ballantine, c. w. Barry, Mrs. NJ. A.
Butler and son, Chin Chin, wife and
son, G. G. Clancy, D. E. Clancy, J. A.
Cullen, NJ. ]. Cullen, Mrs. NJ. Cush-
man, Miss L. Fuller, r. B. Graves,
er and infant, Oscar Johnson, e. w.
Kemmerer, Mrs. E. w. Kemmerer,
Miss Alice knights, NJ. T. G.. Kruger,
DR.. F. Fl. Kew, Miss L. L. Fisk, Mrs.
F. II. Kew. J. A. Macordel, Miss D.
Machado. a. Mathis, r. ]. McLaugh-
lin, J. T. McQuaide, r. J. Miller, Miss
E. w. Mitchell. Miss E. Mullen, G.. B.
f. w. Mitchell. Miss f. Mullen, G.. B.
Parker. Luther Parker. A. Pereira.
f. A. Perkins, J. S. Ritterband. Mr.. w.
L. Rogers. d. Samson, B. J. Shea. Dr.
J. z. Stubbs Mrs. J. f. Stubbs Thos.
Sweeney, F. A. Thanisch.
Departed.
Per schr. w. H. Marston, for San
Francisco, July Mrs. E. r. Newman
and children, Miss Lynch, Miss Flo
renee Lyons.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
SECURING YOUR SCALP.

VIII Remove the Loose Dandruff Scales
But 1t Won't Cure Dandruff.
If your hair is brittle and thinning.
you have dandruff. The mere securing
of the scalp OF the loose scales, won't
cure dandruff; because dandruff is
nothing but scales of scalp being
thrown up by a pestiferous little germ
in burrowing its way to the root of the
hair where it saps the vitality causing
falling hair and, in time badness. Now
you can't stop dandruff, nor falling
hair, nor prevent badness unless you
destroy that germ; and the only prep
aration that can do 1t is the new SCI
enrific discovery. Newbro's Herpfcide.
In fact no other hair preparation claims
to kill the dandruff germ-all of them
will clean the scalp; soap and water
will do that, but only Newbro's Herpi-
eide gets at the root of the trouble and
kills the dandruff germ.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
VESSELS DUE.

Saturday, July 4.
S. s. Nevadan, Weldon, from San
Francisco. due in morning.
Stmr. Maui, F. Bennett, from Hilo
and way ports, due about noon.
Stmr. Lehua, Naopala, from Lanai,
Maui and Molokai ports, due in morn
ing.
Sunday, July 5.
Stmr. Mikahala. Gregory. from Kauai
ports, due early in morning.
Stmr. Kinau, Freeman, from Hilo,
due in afternoon.
Monday, July 6.
s. s. Doric, Smith, from the Orient,
probably arrive in afternoon.
Stmr. ClaUdine, Parker, from Kahu-
lui and Lahaina, due in morning
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
TIDES. SUN AND MOON.

First quarter Of the moon on the 1st
Times III the tide are taken from the
United States Coast and Geodetic Sur
vey tables.
The tides st Kahului and Hilo occur
about one hour earlier than at Honolulu.
Hawaiian standard time is 10 hours 30
minutes slower than Greenwich time, be-
Ing that OF the meridian of 157 degrees 30
minutes. The time whistle blows at 1:3o
.. m, which Is the same as Greenwich, O
hours minutes. Sun and moon are for
local time for the whole group.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
FOR SALE AND TO RENT.

Fine lot with new house on Makiki
street. Two fine places on Thurston
avenue. Three desirable residences on
Prospect street. One acre of land with
fine dwelling at Kalihi: also three acres
with one dwelling and two cottages,
suitable for subdivision. A fine BUSH
ness site on King street. A very de-
sirable place at Punahou of two acres,
with two 2-story dwellings, furnished
cottage, servants rooms, stable and
cow pens and carriage house, with
many varieties Of fruit, and handy to
Punahou College Fine building sites
at makai of College Hills, and a very
fine site on Pacific Heights, and other
properties in all parts of the city and
at Pearl City and Waikiki.
A. BARNES,
10 Merchant street.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

The steamer Claudine arrived from
Maui ports yesterday morning. She
reports the schooner Allan A. dis
schooner Honoipu having finished dis
charging coal at Kahului will go TO
Honoipu and Hama for load of sugar.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
ARRIVED.

Friday, July 8.
Stmr. Claudine, Parker, from Maui
ports at 4:45 a. m. with AZ package
sundrles, us sacks potatoes, So hogs
Stinr Noeau, Petersen, from Kukui-
t ,a and Honokaa, at s:55 a. m, with
7-oS bags sugar, 19 packages sundries.
= >. Gaelic Finch, from San Fran
cisco. at p. m.
Stmr. Ke Au Hou, TuIlett from
Anahola and Kauai ports. at 2.1o m
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

Haw. Com. & Sugar Co., 23.12% paid.
NOTICE.
No session July 4.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

with $500 bags sugar. 2so bags rice. IS
packages sundries.
Br. s. S. Anglia, Leach, from Midway,
with cable, at $3.50 a. m.
Gas. sch. Eclipse, from Hawaii and
Maui ports. at 1850 p. m.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
VESSELS IN PORT.
ARMY AND NAVY.

ARMY AND NAVY.
U. S. S. Iroquois, Rodman, Midway
Islands, June %.
CABLE SHIP.
S. S. Anglia, Leach, Midway Islands,
July 3. Anchored off port.
MERCHANTMEN.
(This list does not include coasters.)
Acme, Am. sp., Lawrence, Hiogo.
June 9.
Amelia. Am. bktn.. willer. Eureka,
June 81.
Dechmont, Br. sp.. Hinrichs, Newcas-
tie, July 2.
Gamble, Am. schr., Knudsen. Port
Gamble, June IS.
Hawaiian Isles Am. sp., Mallett, New
York, June 10.
Jabez Howes, Am. sp., Clapp, New
castle, June %.
Kohala, Am. bktn., Dedrick, Newcas-
tie, May. 81.
Mohican, Kelley. San Francisco, June
20.
Paul Isenberg, Ger. bk., Jansen,
Bremen, June 10.
Francisco, June 16.
Robt. Levers, Am. schr., Underwood,
Port Gamble, June %.
S. N. Castle, Am. bktn., Nilsson, San
Francisco, June Is.
Susie NJ. Plummer, Lund, Chile, June
%.
Thessalus, Sw. sp., Lagerkrantz, New
castle, June 81.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

There will be a meeting of all stock
holders Of the Kamalo Sugar Co. at
Elks Hall. Wednesday evening, July
18th, at 7:S0 o'clock.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

A COTTAGE of two rooms; also fur
nished fiat. Apply No. s, Union st.
6522
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04

The Clardine left for Kahului yes
terday at 5 p. m. with a special crowd
for the Fourth of July celebrations at
Waikiki.
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
WHARF AND WAVE.
WEATHER BUREAU.

WEATHER BUREAU.
HIEE
Honolulu, Alexander Street,
July 8, 10 p. m.
Mean Temperature-7S.O
Minimum Temperature-74.
Maximum Temperature-S4.
Barometer at p. m.-29.97; falling.
Rainfall, "a hours up to a. MOO.
Mean Dew Point for the Day-66.
Mean Relative Humidity-69.
Wind-N. E.; force, 1 to 8.
Weather-Clear.
Forecast for July 4-Light irregular
winds and calms.
CURTIS J. LYONS,
Territorial Meteorologist
The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1903-07-04
DEPARTED.

Friday, July 8.
Jas. Johnson, Bennecke, for Puget
Sound, in ballast
Henry K. Hall, Piltz, for Puget
Sound, in ballast.
Stmr. Claudine, Parker, for Kahu-
lui, at Z. m.
The independent., 1903-01-29

dollar would be s1.40 land value tax.
A few days ago man in Pennsyl-
vania sold a nine-foOt vein of an
thracite coal for $1,000 per acre-land
value tax, 81.
Tax statistics gathered in Pennsyl-
vania show that the coal operators
pay taxes on their coal-bearng lands,
on the agricultural value of such land.
These lands have only about So per
acre agricultural value, but coal rights
have an average value of $4,000 per
acre the state over. Mr.. Schwab says
the Connelsville coke fields are worth
to the steel trust 100000 per acre.
Such valuation at two mills on the
collar would yield YllG per acre. If
we understand the fundamental prin-
ciples of monopoly and that can be
readily seen, is to control the source
of supply, that is, own the land which
produces the raw material. With that
understanding in view, the steel trust,
which controls 80 per cent of the iron
producing land, would naturally en-
joy monopoly of the steel industry,
but the trust is only able to use 60 per
cent of it's holdings; 40 per cent of
the holdings Of the trust are held not
to use, but to keep others from using.
The capital of the steel trust is ST.
45O 900. 900; allowing $550,000,000 for
The independent., 1903-01-29
Trusts-The Cause and Cure

and it is here proposed that 1t shall
be used In the interest OF the whole
people. Paper money is a form oil
credit and no one has an exclusive
right to it. The right of credit is de-
rived from the possession OF security
which one is willing to pledge, and no
one has a right to step in and demand
a bonus for the exercise OF that right.
The features of this scheme possess
enormous advantages and there is no
reason why the people generally
should not enjoy them as well as the
bankers. | am sorry that my space is
limited, so that cannot give clearer
and more comprehensive statement OF
the system.
WALT CRONACHER, l.. V.
No. s Oliver St, Boston, Mass.
(The Independent will raise the
limit if Mr.. Cronacber desires to be
heard further on the subject.-Ed.
Ind.)
REFERENDUM AND INITIATIVE.
Editor Independent: Find enclosed
S1.30 for my renewal and three edu-
cational subscriptions. 1t is my be-
lief that | am the only subscriber you
have in McDonough. | enjoy reading
The Independent and do not know OF
arv other whose editorials hit harder.
Speaking Of trusts, their cause and
cure, have but little to say as to the
cause, except if any man will explain,
why We have in some parts OF our
country highway robbery and stealing
to a greater or less extent, he will
have stated the cause of trusts. Their
cura as well as the cure of many an
other evil in our midst, will be brought
about quicker by the referendum and
Initiative.
II The Independent and other papers
can ever educate the people to point
where they will quit worshiping the
supreme court; if they can be made TO
see that any question of interest to
the whole people can far better be de-
cided by them than by any set or
men, however large we may write the
words supreme court" before their
names, there is some hope.
A. B. PAUL.
McDonough, N. Y.
The independent., 1903-01-29
THE VALUE OF CHARCOAL
Few People Know How Useful II Is In Presery.
ing HeaIth and Beauty

Nearly everybody knows that charcoal is the
safest and most efficient disia fss.gut and puri-
fer in nature but few realize it's value whsn
taken into the human system for the same
clee ens'Hg purpose.
Charcoal is remedy that the more You ia ke
of 1t the better; it Is not drug at all but simpiy
absnrbs the gases and impurities always pres
ent in the stomach and intestinss and carries
them cut OF the system.
Charcoal sweetens the breath after smoking
drinking or after eating onions and other odor.
Gus vo9v ta bles.
complexion, it whitens the teeth and further
acts as a natural and eminently Safe eatbartic
1T absorbs the injurious gases which collect
in the stomach and bowels; it disinfects the
mouth and throat from the poison OF catarrh
All druggists sell charcoal in one form or an
other but probably tho best charcoal and the
most for the money is in Stuarts Absorbent
dered Willow charcoal and other harmless an
tiseptics in tablet form or rather in the form of
large, pleasant tasting lozenges, the charcoal
being mixed with honey.
The daily use of these lozenges will soon tell
in much improved condition of the general
pursr blood, and the beauty OF it is, that no
possible harm can result from their continued
use, but on the contrary, great benefit.
Buffalo physician in speaking of the bene-
fits of charcoal, says: II advise Stuart's Alb.
sorbent Lozenges to all patients suffering from
gas in stomach and bowels, and to clear the
complexion and purify the breath mouth and
fitted by the daily use of them; they cost but
twenty-five cents box at drug stores aud al
though in some sense patent preparation, yet
i believe / get moro and better charcoal in
Stuart's Absorbent Lozenges than In any Of the
ordinary charcoal tablets.
The independent., 1903-01-29

the cost of sites and equipments, there
would be $900,000,00O in ore producing
land. A land value tax" of 2 mills
on the dollar would yield 1900 900 as
a tax on such holdings.
We believe that our readers can
grasp the idea that "1and value
tax is easily applied; that it only
deals with visible property. A land
value tax deals with location and site
values. The location of farm, that
is far from market, lessons its value:
site values" deal altogether with city
property; as an example of this, Mont
gomery, Ward & Co. of Chicago paid
The independent., 1903-01-29
ISSUING OF PAPER MONEY
CITRE FOR THE TRUSTS.


The reason we have trusts is be-
cause the money of the country is IN
the hands of only few people. Ii it
were evenly distributed the competi-
ton would not allow prices to go up
or commodities to be cornered. The
recent money panic will prove that
there Is not now enough money in
circulation to run the business of this
country. If there Is not sufflcient
money now to do all the business for
cash, will it be possible to meet the
increasing accumulating debt or the
future? If one dollar will not pay
three dollars now, will it pay sixty in
a year from now, or six thousand in
ten years from now? Here Is the
true explanation of money panics.
At the rate of two dollars of secur-
ity for one of credit, which is consid-
cred ample, we would have volume
of paper money of $4,000, 100000,
sum equal to one-half the total wealth
of the country, or about thirty-iiVe
times as much as we have now, more
than sufficient to transact all business
for cash. The thing to do is to make
this money accessible to all who have
security without discrimination, be-
cause discrimination limits the volume
artificially and creates monopoly. by
the plan here proposed paper money
can be redeemed in any product oil
labor that has a market value anc
none can escape redemption. The low
rate of interest (about l per cent to
cover cost of printing, clerk hire, etc.
will induce all who have security to
borrow and go into business This
will result in the employment OF all
labor at an advance in wages, be-
cause of the enormous increase in the
available capital that will be forced
into productive enterprise. 1t is
therefore, the solution of the labor
question, because more capital seeking
labor means higher wages and less
hours of toll; competition which now
keeps wages down, because 1t is be-
tween wage -earners, will then reduce
profits for capital because it will be
between capitalists. 1t will create a
demand for all products manufactured
and therefore benefit manufacturers,
merchants and business men general
ly, inaugurating prosperity never be-
fore known.
The plan for the Inauguration of this
system. is to have a local association
in every city or town and a general
clearing house The latter is to have
general supervision and to exclude any
association that does not strictly OBJ
serve the rules which it imposes; it
is to print and furnish all the GER
tificates of credit or paper money to
the local associations. It's paper mon
ey will, of course, circulate on it's mer-
it's, but each borrower will have to
bind himself in legal form to accept
1T from any one at its face value in
payment of debt and in exchange for
commodities without discriminating
In prices; thus its circulation is as
sured without the despotic legal ten
der feature.
Some one will say, eve tried that
before the war" No, free bankins
has never existed. The invention OF
paper money which made possible an
enormous extension of credit, has al
ways been used in the interest OF
bankers; but they have no more right
to this advantage than any one else
~