The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-03-03
Alexander Del Mar.

TO give IL convenient anu emlHcHtly
appropriate designation.
Again we assert, 1t makes no diff
ference in this connection whether
money is made of gold, silver, copper,
or paper; but in order that no mis-
take may be made in the matter. we
shall refer IN this paper only to gold
coins and bank-notes, leaving all other
forms or kinds. of money entirely out
of view. What Is objected to, what
demands to be altered and reformed,
is: First. the issuance of gold coins
gratuitously minted by the govern
ment on Individual account, under the
so-called free coinage law" by which
all freedom Of issuance is really taken
from the government and con-
ferred upon private Individuals; sec
Ond, the issuance on Individual ac-
count of bank-notes, which are false
ly and deceptively stamped Ma
tlonal." 1t is not designed to alter
the coins it is not proposed to lessen
their weight or fineness; neither is it
desired to deprive the banks Of the
privilege to issue circulating notes,
or to lessen the amount at issue; but
simply to restore to the government
it's Control over the entire Volume OF
Money, a sovereign prerOgative, with
out the potential control Of which
popular governments must rnavOid-
ably become agencies for transferring
the profits of industry to the strcDg
boxes of an Oligarchy; and thus
eventually become the instruments OF
their own destruction.
In all ages the people have been
| tricked with false names, instead of
real things or actions. The so-called
free coinage law" Of Charles H..
| tricked our legislators into its adop-
ton in the Mint Code of the United
States. The banks tricked The gov
eminent into lending it's Endorsement
| to their notes by falsely calling them
| selves NATIONAL" whereas they are
merely private institutions, whose
profits go into the pockets of their
shareholders. Money, consisting of,
or based upon gold coins, minted
gratuitously and for the account and
upon the demand of Individuals, is
falsely and deceptively called Uni
versal Money, Money of the World
the Money of Commerce, etc.; where
as, 1t is essentially Stock Exchange
Money it's chief employment being In
the purchase and sale of Securities
on the Stock and Produce Exchanges
The fact that it has different pur-
chasing power in every country of the
world, while it demolishes its false
claim to universally, gives rise tc
that fictitious and useless sort of com
merce which consists of carrying
merchandise up and down the earth
merely to follow the movements Of
gold, and profit by the tidal wave in
prices which such movements create
Not Universal, not National money
not the Money of Commerce, but The
Money of the Stock Exchange, is it,
true name; and in the Politics o.
Money mot in its History, or it.
Principles,) should this descriptive
and significant name always be re
tanned. Call spade a spade an(
call money issued for account ant
upon the demand of individuals an,
used chiefly in Stock Exchange trans
actions, by the name of Stock Elk
change Money. and we shall all know
what we are talking about.
Now that preparations are bein,
made to assemble Nominating Con
ventions for the Presidency, we woul,
suggest that both of the great riya
parties should adopt the Fundamental
principle already laid down be tn
Populists and demand that the issu
ance of all money shall henceforth b.
subject to legal control. Among tn
great public utilities" which mos
men admit should be so controlled
money Is by far the greatest. Tn
party which demands that the Gov
eminent shall heneeforth Control tn
issues OF money (eyen should the,
consist Of nought but gold coins ar
bank-notes payable In gold coins) will
deserve we'll OF the County. Tn
party which ignores or negleets thl
fundamental and now most prcssin
} reform. will stamp itself with th
brand OF dishonor and the suspicion
OF treason.
ALEXANDER DEL MAR.