Elk City mining news. (Elk City, Idaho) 1903-1913, 1905-11-18

natures in every county, after which
it should be forwarded to some mem
Der of congress.
The protest follows:
ITO the House of Representatives
and Senate in Congress Assembled:
"We desire to enter our respectful,
but very earnest protest against the
congress of the United States assum-
ing the manifestly unconstitutional
authority recommended by the presi-
dent in his late massage to congress,
in the following words, to wit:
"The attention of congress should
be especially given to the currency
question, and that the standing COM
mittees on the matter in the two houses
charged with the duty to take up the
matter of our currency and see whether
it is not possible to secure an agree
ment in the business world for better
ing that system. The committees
should consider the question of the re-
tirement of the greenbacks and the
problem of securing in our currency
such elasticity as is consistent with
salty. Every silver dollar should be
made by law redeemable in gold at the
option of the holder.
1--WE protest against the power of
congress being perverted in the manner
indicated in the message. The congress
is authorized to create money. Cur
rency proper is not money; it is sub
stitute for money, wicked, vicious
device by which corporations inflict
upon the productive industries Of the
nation something in lieu of money, by
means of which the producer of wealth
is compelled to contribute of his earn
ings to fill the Golfers of unholy greed.
1--WE protest against the retirement
of the 'greenback' and the substitution
therefor of the national bank note.
A promise to pay is not, nor can it be
made, money.
eve protest against the introduce
ton of large volume-or any volume
at all-of corporate credit into the
currency of the nation. We deny
and repudiate the claim that corporate
credit devices are necessary or bene-
fetal, or that such substitutes for
money can in any manner promote the
general welfare, which should be the
only purpose influencing the congress
of the United States.
eff credit promises to pay are a
necessity in the money system OF the
, nation (Which we emphatically deny)
that credit should be national, not cor
porate, and national credit without in
terest is far better, safer, wiser, more
acceptable to the people than is any
: corporate credit, no matter how dill
gently fortified by deposits or other de-
vices, or of so-called securities.
GA government promise to pay
without interest, rests upon precisely
the same element of security that the
interest bearing bond has; both are
bottomed on the faith and credit O.
the nation. One is as good, as safe
as valuable, as the other. Neither thu
interest bearing bond nor non-interes
r bearing note can be collected by judg
ment issued out of any court in tn
s land.
"'We protest against the congress o
the United States wasting its time il
Il an attempt to legislate in relation t
T an elastic currency whatever tina
r may be construed to mean. We pro
+ test against such absurdity. An elasti
currency is an irridescent dream. T
put the control of the enlargement Q
{ the contraction of the volume of pape
= substitutes for money into the hand
IS of the bank trust, upon the suppositio
/ or theory that such power would b
l. used to promote the general welfare
- rather than to use it in the interest c
le greed and avarice, would brand tn
i'd congress as incompetent or corrupt.
80 "An emergency money, issued an
al controlled by the secretary of til
treasury, administered in the intere!
of productive industries of the natiol
d to the exclusion of the corporate stoc
al jobbers, pools, trusts, and of all otht
w combines, who contribute nothing
m the wealth of the nation, would if we
- thought out out, prove beneficial. b.
- probably no such purpose is suggestt
no in that portion of the message referrt
be to.
n, cit is claimed that the large and III
20 precedented production of gold HI
justified the wisdom, as we'll as the e.