davidaulloa/AmericanStories huggingface dataset:
Watson's weekly Jeffersonian., 1907-11-21
OUR MONEY TROUBLES.
The Cause and the Cure.
By James D. Holden.

NO one IN the face OF recent events
can longer doubt the insuficiency of
our national currency system. All
recognize that it is defective, but all
do not perceive just why it is so,
nor what would constitute true rem
edy. Indeed so uniformed on the
subject ere men generally, including
most currency reformers, that the
baneful influence on our lives of a
defective currency system is but lit
tie understood.
After years Of investigation of the
subject the writer presents for the
consideration Of the inquiring reader
the following diagnosis of the situa-
tion and offers a feasible remedy.
The purpose of the following argu-
ment is to demonstrate that:
The money troubles of the individ-
ual are really traceable to the fail
ure of society to provide itself with
a practical distributor of product!
This, as will appear from the fol-
lowing reasoning, is the whole story
in a single sentence.
The Argument.
In our complex civilization the in
dispensable distributor of product is
Money. An insufficient money sup
ply necessarily results in imperfect
distribution. That which prevents
an equitable distribution of wealth
is A STATUTORY LAW-the silent
law which unduly restricts the vol
ume of full legal tender currency
(money) by confning it to the coin
age of the precious metals.
Why are our economic ills due to
the influence of this ancient Stat
ute?
1t is because the volume of money
resulting from the coinage of the pre-
cious metals, and that issued upon
q. S. bond security, does not equal
society's requirements. To eluci-
date:
The dearth of money forces the use
of CREDIT as a means of distribu-
tlon. For the use of credit we
must pay INTEREST. The interest
we pay for the use of credit as a cir
culating medium absorbs Tin the ag-
gregate) THE SURPLUS EARN
1NGS OF THE INDUSTRIOUS!
Thus we discover that, aside from
other causes, the ravages of Inter
est alone suffice to account for the
poverty of the many and the afflu-
ence of the few.
Nor is this ALL AS the dearth of
money is the direct cause of Inter
est, so is it also the indirect cause of
Rent.
This is evident because of payment
of Interest, direct and indirect (all
consumers being daily intercst-pay-
ers) prevents the many from acquir-
ing title to their homes and work.
shops Unable to own them, they
must hire; hence the exaction Of
Rent.
In Interest and Rent we have the
Axu0 Qoatn,.r 4Iok ,orn4sA,.Ao
Watson's weekly Jeffersonian., 1907-11-21

sumo WltEout producing. Eliminate
these two factors and the producer
will enjoy the fruit Of his labor.
An insufficient money volume, there
fore, is the cause of poverty among
the industrious, and accounts for the
failure of the workers to own tie
tools of production. Not only is it
responsible for the unjust division of
the present output, but so essential
a factor as money being inaccessi-
BILE so handicaps production as to pre-
vent the advantageous employment
Of Labor.
Thus this mute Statute, which con-
fines the volume of full legal tender
to the coinage of the precious metals,
begets an abnormal social condition
"a condition wherein PLENTIFUL
LABOR SEEKS SCARCE MONEY.
This condition makes life to the MANY
an anxious battle for subsistence be-
cause 1T is an anxious battle for an
insufficient issue of legalized curren-
cy. Mature reflection will convince
the reader that when we shall pro-
vide ourselves with circulating me-
dunn equal to our REQUIREMENTS.
We Will inaugurate condition in
which MONEY WILL SEEK LA
BOR; thus instituting an industrial
era Tar preferable to that of any
known to man in any age of the
world.
Our economic ills being due to the
fact that legal tender paper is IN
ACCESSIBLE, and to no other cause.
obviously the remedy is to supply the
acknowledged deficit in our national
currency by providing the needed vol
ume Of money.
Fortunately this is not a difficult
task.
What is Money? Money is ,none-
tized wealth. Nothing more. Our
present stock comes from monetizing
such wealth of the individual as the
law designstes: () The coinage pro-
cess for gold; (2) the certificate pro-
cess for ether forms of wealth. By
the policy Of monetizing gold and sill
yer by the coinage process, and U. S.
bonds by the certificate process, we
provide but a mere fraction of the
currency REQUIRED.
Because of a common lack of fiscal
knowledge we are perpetuating
financial policy which makes our in
dispensable circulating medium an
article of TRAFFIC; a policy which
makes this convenience inaccessible
to society to whom it is NECES-
SITY. Money is an article of traf-
tic for the reason alone that there
are no legal provisions whereby it
may be called into existence by wealth
owners generally as it is by the own
ers Of two forms of wealth, to wit,
owners of bullion and national bonds
who alone enjoy this vital prerog-
ative. Unable to obtain this essen
tial from Government, other proper
ty-owners are driven to the money
merchant, or banker, who exacts for
lie uca a fo,.yo 20 A,,b,,ko ooIIol k(s
The Penn's Grove record., 1907-02-15
Fish Warden Tyranny.

penunciation of the petty tyranny at
the hands of fish wardens, and dis
appoval of the general fish law in
Pennsylvania, which is about the same
usp New Jersey, whereby all penalties
are collected when the complaint of the
fish warden is sustained before a JUS
tice of the Peace, found expression on
the floor of the House, at Harrisburg,
on the 9th.
Assemblyman Wickersham, of Dauph-
in County, declared; "That practice
is one of the most unjust ever instituted
IN this State. Under the law, the de-
PENDANT cannot appeal and has scarcely
any rights. The fish wardens get one
half of the fines collected, and what is
easier than for them to have an under
standing with Magistrates SO as to fine
prisoners to the limit. Some of you
know that we now have in the Dauphin
county Jail a warden who is serving
eleven months for perjury committed
in his anxiety to collect fines,"
1t was voted to postpone the bill. but
later an agreement was reached to a.
mend it so as to make a violation a mis-
demeanor, thus giving defendants the
right of triaLby jury and compelling the
wardens to be sure of their ground be
fore making arrests. sas
The Penn's Grove record., 1907-02-15
ACROSS HI RIVER.
LOCAL OprtoN

The Republican State Central Com
mittee, has adopted a resolution urging
the Republican members of the Legisla-
ture to carry out the section of the plat
form of the State Convention ~favoring
the submission to the people of Delaware
OF the question of local option.
FISH HATCHERY For New CASTLE
In view of the fact that the United
States Senate has passed bill approp-
rating a $4,000 fund for establishing
and maintaining a fish hatchery and cul-
ture station in New Castle county,
which bill was introduced by Senator
DUPONT. The New Castle fishermen are
earnestly working to have the station
brought to New Castle. Fishermen
declare that no better location could be
found than Armstrong; creek, as it if
in a quite neighborhood with plenty os
fresh. spring water at hand. The
land can be bought very cheap in this
locality and as the trolley cars run close
by it would be hard to suggest a
more desirable place.
The Penn's Grove record., 1907-02-15
STATE NEWS

The Borough Council, of Paulsboro,
has passed an ordinance to prohibit the
use of air rifles, as the boys have shot
out the windows in the Episcopal Church
o the damage of SIS.
The B1idgeton Ministerial association.
decided to give earnest support to the
local option bill which will be presented
to the present session OF the legislature.
Sunday the members of the association
presented the matter to their respective
The Morris county Democratic COM
mittee has forewarded to Trenton reso-
lutions condemning the use of voting
mahines at elections, and asking for a
law to be be passed repeating the one
making legal.
The Penn's Grove record., 1907-02-15
Time For A Fish and Game Over
hauling.

Great interest will attach to the re-
port to be made to the Governor next
week by the special commission that
was appointed last year to investigate
and make recommendations as to State
control of the salt water fishing inter
ests on the coast. The VIGOROUSLY bad
administration of tile Fish and Game
Commission will doubtless come in for
some severe criticism and good reasons
will be presented for a radical change
in the system of fish and game protec
ion. 1t is high time for a reform.
The Fish and Game Commission cost
about $780, 900 a year. Last year it cost
S52,212.77 to protect fish aud game, for
which the state paid SIP, 1850. This
protection comes high, and it is a ques-
ton what becomes of the fish and game
purchased, how they are purchased, and
what particular good is derived by the
State from their purchase and ''protec-
ton" An incident that occurred at the
Market street railroad station in New
ark a few day ago is suggestive.
One of the members of the special
commission was accosted by a New
arker connected with the Assembly
with a query when lie could expect to
receive two crates of quail from the
commission that had been promised
him. He desired to know because he
had planned to invite a number of
members of the Legislature and some
friends to a quail banquet. The man
mistook the special commissioner to be
a member of the regular commission.
The cost of The quail to the State is
S1.30 apiece, after deducting the quail
that die on the commissioners hands.
And this to fnruish a Lucullian feast
FTOE . politician and his cronies.
Last year the commission paid $1,000
for quail from the South. There were
600 dozen. The average price was 81
cents apiece. OF the birds that are let
loose, many are shot by pothunters and
are sold for % cents apiece TO the mar
ketmen. That is good for the pothunt-
ers, put where does the benefit to the
State come in, with its $1,000 for quail
and the thousands of dollars spent for
''protection?" And the State permits
its high-priced protected quail to be
slaughtered for the market. 1t is very
accommodating and so is the Fish and
Game commission. We shall refer to
this subject again, for there is much to
say about the methods and aces of the
State COmmisiOn.--NeaUar Advertiser:
The Penn's Grove record., 1907-02-15
Mems Shoes

$40 ITEMS Shoes in patent leather
vici kid, calfskin and gun metal
this years style; were $500 and
$3.50
200 Mems Shoes in all leathersin in
Guiding patent leather, vici kid,
patent kid and gun metal; regular
$3.50 and $500 quality.
$500 ITEMS Banister Shoes in
both shiny and dull feathers; this
is the first time that this quality of
Z. shoes has ever been reduced to the
figure; the usual price is $500.
So 90 ITEMS Banister Oxfords in
in all feathers; this is the regular
$500 mike and is the same as buy
ing $500 gold pieces for $3.50.
SOC ITEMS Sleeping Socks; were
$1.00.
$500 ITEMS Rubbers Boots, kuee
length, duck vamps; also felt boots
with buckle articles; were $500
and $500.
$l.5o Boys Short Boots;.. mostly
small sizes, were $500.
The Penn's Grove record., 1907-02-15
State School lone

According to the report recently
made by the State Board of Education.
the total amount Of money raised under
the State law for school money this
year will be over $1,000, 009. Of this
sum Camden county's share will be
1886, 1850. The amount to be raised
by taxation for State school purposes is
$3,238, 55S, and the amount apportion-
ed from the State fund to lessen the
amount to be raised by taxation is ST.
3079, SIC. This, with the 5000. 900 an
prortioned from the State school fund.
total of 81, SIS, 0077, as against a total
last year of S3,372,6 2S.
To this sum will be added 2 $3.50, 1867
from railroad assessments unless the
courts set the laws aside.
The increase is due to the increases
in ratables last year. The school tax
is raised each year on a basis of p
mills on each dollar of assessed valuation
ofprorerty of the preceding year.
The amount apportioned to the differ.
ent counties follow; Atlantic, 1864, $780,
A; Bergen, 1921, 3l6.0S; Burlington,
S134, 114.9 81; Camden, S286, 115. 80; Cape
May, $88, 648. OF; Cumberland, 1913, $500 6
Essex, 1887, 1888. 36; Gloucester, $50, 571.-
80; Hudson, 81, 1888, ia SO; Hunterdon.
$50 66 8.0l; Mercer, 1892, 1875. 95; Middle
R3l .439. 55; Monmouth, $341, 1856 AS;
Ills, sly, 035;42; Ocean, $63S, sl7 .35;
h%ssaic, 1891, 112 IS; Salem, $40, 627. 90;
kmerset, $l02, $3.50 Is, Sussex, S63, 715. 81;
MON, $467,062. 70; Warren, $98, S48. os.
The Penn's Grove record., 1907-02-15
Omen's Shoes

$1.5o Women's EnameIed Shoes,
including wing tip styles; were
$500 and $500.
$2.2O WOmen's Gun r1etaI and
Calfskin Shoes, were, $500
$3.50 and $500.
$3.50 Women's Shoes in all
feathers including patent leather
gun metal, vici kid etc. This sale
comprises every pair of $500
shoes in stock.
$I.OO WOmen's Beaver Button
Shoes, were $1.50.
$I.Oo Women's Shoes with Louis
heel and kid vamps, with. patent
tips or tips of same meterial; were
$500 and $3.50.
$3.50 Women's Evening and
BOudoir Slippers; were $500
and $3.50.
$40 Women's Fancy Evening
Slippers; reduced from $3.50
and $500.
soc Sleeping Socks and Bath
Slippers, were S1.00.
The Penn's Grove record., 1907-02-15

Two-ten-cent magazines are free with
every copy of ''THE PHILADELPHIA
SUNDAY PRESS. In one there are short
stories, good drawings. clever descrip-
tive articles, verse, good fun and a
strong serial. The woman's magazine
section in colors is far superior to any
thing else in it's line. 1t has timely
hints Snd advice as to fashions, articles
on practical physical culture, art needle
work patterns, and a new series of mil
linery patterns by one of the foremost
authorities.
The Penn's Grove record., 1907-02-15

John D. Rockefeller has given thirty
two million dollars to the cause of edu-
cation. That is a noble deed, and will
do much good. But how came he by
such great wealth, except by unjust
profits from the Standard Oil monopoly.
1t proves that all people who use
kerosene and gasoline are paying more
for that necessity than they should.
In fact since the announcement of his
gift, oil has been advanced one cent.
The Penn's Grove record., 1907-02-15

---
"That COMPOUNDED Cucumber -
Indigestion breeds crime. At least
that is what some out and out scien-
list now declares and many scientific
sociologists believe. That dyspepsia
creates in the human mind thoughts
bordering upon ~criminality most men
and women who have met the beast
face to face will testify. If every
body knew Just what actual indiges-
ton Is, perhaps there would be no need
Of science to expound its capacity for
breeding mischief. THAT confounded
cucumber I've eaten and can't digest"
Of the school recitation Is often recall
ed In the hour Of acute distress, but the
moment the inner man gets to working
smoothly again the lesson is forgotten.
One trouble about avoiding indiges-
tion-and no n really intends to be
criminal or even harbor criminal
thoughts-is that 1t is so difficult to
diagnose and still more difficult to
trace to the original cause, for, after
all, the cucumber was made the real
criminal in the recitation drama.
School children and workers In the
backwoods sometimes find it next to
impossible to be bright or amiable
after lunching freely on hard boil
ed eggs, for instance. But 1t will re-
quire something more revered than
science to indict and afterward con-
Wet hard boiled eggs in a criminal
court. And SC with numerous things
people eat because they stay by the
stomach. Perhaps after all the cucum-
Der and the hard boiled eggs only find
weak and imperfect stomachs to work
mischief upon. In that case the place
to reform Is farther back. We should
cultivate stomachs that refused to be
criminalized by anything which sensi-
bic folks would think Of swallowing.
The Penn's Grove record., 1907-02-15

1t does not seem to occur to some
people who do not patronize the home
printer for printing that it is unfair to
expect him to use the columns of his
paper without charge to assist them in
making a success of undertakings that
require advertising. The avelage country
editor is human, after all.
The Penn's Grove record., 1907-02-15
The PENIS Grove Record
FRIDAY, FEBRUARY Is, 1907.

State Treasurer William H. Berry in
a speech at Merchanville on Thursday
of last week among other epigram
said.
Religion and politics should mix.
Scratch any man deep enough and
you'll find some religion.
It's treason to let others think for
you. God gave you brains to think
for yourselves.
The Penn's Grove record., 1907-02-15
DIED

ScHNEIDER-At MuIlica Hill, Feb. 8,
1907, Sarah Summerill, daughter of
James and Hannah White, wife of
Albert Schneider, aged 25 years.
The Penn's Grove record., 1907-02-15

Here! What does this mean?"
shouted WhoOply as he found his
youngest riding a broomstick over the
top Of the piano.
This Is all right. Mamma said II
Ia stay In l could play ON the piano."
The Penn's Grove record., 1907-02-15

One lie rsaehes It's hand to another.
Prom thsgsrman.
The Penn's Grove record., 1907-02-15
It WILL PAY

IL w ILL | nj
to buy "a new Suit or
Overcoat now; prices will
be higher next season and
you get this winters
price and a big reduction
now. Big bargains in our
IS, Sc, $3.50 and $3.50
Special Sale Suits. Our
Finest $15, $40 and S25
Worsted Suits now $11.25,
SIS and'$l8.7 rs. Silk lined
Montagnac Overcoats at
$26.25 and $50, were $35
and $40. Black and Ok
ford Vicunas at S1l.25,
SIS and S18.75, were SIS,
500 and s25. 25 per cent.
or IA oft Boys Suits,
Overcoats and Odd Trous-
ers. Mems Shirts and
Linen Collars in a spec
ial sale, Shirts at IS
Collars at 80 cents ID
dozen. New goods are
coming in. We need the.
room and money.
B'xssss MULLINS Clothing assl
The Penn's Grove record., 1907-02-15
Children's Shoes

Children's Shoes
$3.50 Children's Shoes; II
different styles; they formerly
sold for $500 and $3.50.
75c Infants Shoes; were $2.25
and $50.
SOC Infants Shoes were S1.OO
5Oc Children's Leggins; were
s1.OO.
Doc Girls Buckle Artics; were
$1.OO.
25c Infants Moccasins, with
Eiderdown lining were so c.
Extreme left, first floor.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-09-28
senator Hears Use Of Puritan"

To THE EDITOR or The SUN-,Str; Perhaps II Ia
not SO far away from the Provincetown speech as
10 make this justification Of the Presidents use
Of Puritan" unduly belated. u IL from Senator
Hoar's address. December 10. 1870. upon the occa-
sion OF the winthrop, Adams disbursement:
II do not use the word Puritan In q restricted
sense. . . . use the word In n large sense, as
cornprehending the men who led the emigration,
made up the bulk OF the numbers. established the
institutions OF Massachusetts. Connecticut and
Plymouth. and administered their affairs as self
governing republics In oil but name for more than
q century and q half"
Was II not In this popular. usual. non academic
sense that the President used the word'
GEoKos X. REED.
ATLANTIC CIIY. September ~.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-09-28
PHrLAprLpprA. September ,


To THE EDITOR OF TIVE SUN str: In other days
n was my pleasure to WOO the MUSES.. Ever mindful
Of the suggestion OF Mr. Lewis Carroll:
Distinguished those which have feathers and bte
From those which have whiskers and scratch"
! chose . winged Pegasus. bursting Into song some
thing nerce." with a perception almost unbcliev-
able 7 conceived the Idea that the infant Pegasus
should have been rhickcnlikc as 10 It's iiai
tuzziness-else why wings, auothsl
And now. travelling In Delaware, ! meet . citizen
OF a name which proves my theory, and rising In
my seat In the back part OF the hall ] escisim:
Mr.. Chairman. ] desire to nominate for election
Mr.. Downey Muse Of pencader Hundred. New
Castle County, Delaware" II. r.
WILMINGTON, September -.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-09-28
n

The Constitution Of Oklahoma may
contain some provisions that might seem
superfuous or eccentric to Older or moro
conservative communities, hut it is such
q Constitution al the people Of Okla
homs want. The constitutional
ton changed il so as to obviate a number
Of the objections made by the Depart
ment of Justice. Does il conform in
effect with the terms Of the enabling art?
Does it insure the oklahomans 4 repub-
lican form of government? These were
the only questions which Mr.. ROOSEVELT
had to ponder. He was able tn answer
them in the affirmative. and so OklahoIna
is 70 come into the Union presently with
oil the i~mperfections of her Constitution
on her head.
Everybody knows that the real ground
Of objection 70 the admission was parti-
san. The fault If oklahoma in invet-
crate Republican eyes is that she in all
probability will vote for Democratic
electors in 1919 The talk about the
wickedness Of the "gerrymander" was
sheer hypocrisy, even II Mr.. TAFT, natur-
ally the frankest Of men. was induced to
descend to il.
We have never supposed that Mr..
ROOSEVELT. intense as his p~artisanship
IL. would GO outside of his plain duty
and thwart the just desire and expecta-
ton Of the majority of Oklahomans. No
doubt there were plenty Of Republicans
to urge the petty view. His own SYM
pathies were strongly engaged on the
Republican side, and the Oklahoma
Constitution is understood not to be to
his taste. His assent will he generally
approved. AZ for that erring Constitu-
ton, that is Oklahoma's business.
The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-09-28

tpon Major-General WILLIAM =.
MCCAsxEy's retirement on October ,
Brigadier- Genersi FHEDERICR FUNSTON
will bs appointed tn the vacanry "
seniority r,lcs. BE was promoted 10 his
present rank q year and three months
before the next officer on the list, WILL
IAN N. CARTER. wa made a Rrigatier.
The third, fourth and hfth on the list are
young officers. BLISS, BARRY and MILLS,
and then comes WINFIELD >. EDoERLY.
who entered the Military Academy in
1898. The civil war veterans holding the
rank are EpwARp r.. GODFREY, CHARLES
r. HALL. EARL u. THOMAS, CHARLES
MORTON and CHARLES l.. HODGES, all Of
them near the retirement age.
II would he graceful, OF course, for
General FUNSTON to waive his claim OF
seniority in favor Of one Of the old war
riors, but he allowed General MCCAsKEY
10 take precedence ~ him some time
o and while it. il sweet to receive
the plaudits of the army for such an
act OF unselishness General FUNSTON
may not bs prepared to wait for his
reward until all the veterans quit the
service. Brigadier-G General J. FRANK
LIN BELL requested the President to
promote General JESSE NJ. LEE over
his head, but accepted the next vacancy.
This may be precedent enough.
IL is for the President. however. 70
decide who shall he Nlajor-General
MCCAsKEY's successor. Recently MIR.
ROOSEVELT has been disposed 10 pro-
mote the old men who were about to
retire. but il he should elect to advance
FREDERICK FUNSTON, who has served A.
a Brigadier-G General for more than six
years and has never failed the country
in an emergency, criticism Of the appoint
ment in army circles, we believe, would
be mild and perfunctory.