The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-08-25

laws VI mdQ nor nature.
And then to illustrate this system"
he sets forth the following illustration.
1t is presented entire for it all makes
good reading. Here is the system:
Il can better set before my read
ers this trick of finance by which
made dollars are brought int, exist
ence by an illustration than by any
process of definition. Let us suppose
that the United States government at
Washington, the only power legally
entitled to issue money for circulation
among the people, puts forth a par
ticular $4,000. All the conditions pre-
scribed by law have been followed, and
all the people in the country are bene-
flied by the issuance and circulation
of this particular $4,000, each in the
proportion the laws prescribe.
3d., a western farmer, tills his
soil and receives, by the sale of his
wheat, the particular $4,000, which
he then deposits in The Bank. The
Bank, being part of the government
machinery, only receives, holds, and
uses the $4,000 under safeguards pro-
vided for by the laws of the land, so
hereafter BIS material life is con-
Quoted on the basis that he is the full
and actual possessor of $4,000. He
knows, further, that his $4,000 can
not be expanded nor contracted, nor
its relation to any Of the other Nancy
of the people which is in circulation,
changed without his. knowledge, be-
cause he knows it can not be changed
but by the government. say he
knows this--he has every right to be-
lieve he knows it but. in fact, 1t is not
so, because of the working of the Sc
cret financial device Of the Private
Thing. At this stage enters C., the
Private Thing.
&C purchases with $4,000 CHS
money! which he borrows from The
Bank, copper mine, depositing the ii
tie which he receives from the seller
with The Bank as collateral for the
$1,000. After purchasing, he arbitra-
rily calls the copper mine worth $10,-
O00-arbitrarily because his act is not
controlled nor regulated by any of the
laws OF the land arbitrarily because
the actual cost, $4,000, is his secret
and his alone. Then, arbitrarily, 'C'
organizes his $1,000 of copper property
into the Arbitrary Copper company,
and issues to himself piece OF paper,
which he arbitrarily stamps 10000
stock dollars. This he takes to The
Bank, and by loan or other device
exchanges it for the remaining $500
belonging to B. and thereafter 'C'l
conducts his affairs on the basis that
he is the possessor of $500, his 'made1
dollars in the transaction. AT this
stage there is actually in use among
the people $4,000 where b. the
farmer, the legitimate factor, and his
kind, the people, suppose there is |
but $40, OO0-$10,000 which is recorded,
known and legal, being used by the
legitimate factor, ID and The Bank, |
and $1,000 which is unrecorded and
unknown to any but c. and The Bank,
being used by the illegitimate Private |
Thing C.
Right here is the secret device, the |
financial trick, by which the greatest
power in the land has been created,
and by which the people can be abso-
lutely plundered of their savings for
the benefit of the few. 4
AT this stage the two-thirds Of l
BIS $4,000, Of which he later is to
be plundered, has not been actually
taken away, SO he can not possibly
have any evidence yet of the process
Of plundering him which has been be-
gun, or that the volume of money
which he supposes is all that exists
has been tremendously expanded. The
next step is where &C sells his $500
stamped 10000 stock dollars (which,
IS already shown, he has exchanged
With The Bank for the $4,000 de-
posted by 'Bo, to b for $4,000, |
b withdraws from The Bank by SIM
,ly making out check in favor OF
c. Obs inducement to exchange his
dollars for the stock dollars Of
c. Is the high rate OF interest that
hey will return In the form OF divi-
lends. which rate Is much larger than
The Bank can AFFORD to pay) CO de-
'osits BIS check with The Bank and
ereby liquidates his $4,000 indebted
less to The Bank
"At this stage n Ii still the possess
or OF $4,000. but II Is 10000 stock
ollars.' c. Is the possessor OF $1,000.
nd n from whom the cOppsr mine