The Boise citizen. (Boise, Idaho) 1906-1910, 1907-12-13
To ELIMINATE PAN|CS.
7HER CAIISES AND REMEDY PROPOSED TO
''' PREVENT THEIR RECURRENCE


h the panic in which there is grain of truth worth CON
iderng That journal says e...:.o, e.o.oo ond ,-o
;oo through another storm or periodical panic
has fed Progress falters and Prosperity parayzed
Distress weeps IN palace anu ' anu ~
heard in the land.
% anc is crime Nature has done her part The oers have
m been idle The fields have legitimate reason why prosperity
d have been interrupted 1t due to gluonous greed and the
nv of commercial vampires. They prosper The people
r While enrhing few this panic has Impoverished molS
Tbe people to know the cause OF all TINS ana WI" W
te are They who read this journal shall know the truth
eat editors ponderous politicians and the Mag OF 1rezed
nance have in one grand chorus tried to explain or account fo our
present pdament and failed because they were either ignorant
too cowardy to tell the truth ~.
them CHARGE President Roosevelt with the responsibility
l. 1909 the same aggregation of told the panic OF that
m was due to the purchase of few OF silver lh even
induced Cleveland call extra session OF congress o INC
mDoe of repeating purchase clause OF the Sherman la"
d 70 @ the manic but none confessed their 1dloc
They knew little about money question then and tny ko"
lees TODAY Thew know how organize trusts ugge STOCKS %
ng markets. steal franchises compute interest and ABSORB
but Of the science of money, they know less than hog KNOW"
the nebular hypothesis. ~ ~
that we can have the gold standard and panic at the same
In 1896 gold brick declared this to be Impossible
denied the quantive theory of money which In erect Was "
that reduction in the volume of money did not increase 10 Pun
chasing power. A., oor,
Casting aside theories, let us consider a rev Si"ii0
botmed facts in relation the subject under dscusSio
President Roosevelt did not cause panic He simply
that somebody had set fire to house of prosperity ana
an alarm He tried punish the criminals VINO S'i'eu N
and for this been damned from Dan to BarsLeOe
"The present panic the result of overcapltalzauo.
are responsible for the dropca condition OF most u "
corporations are to blame Criminal trust magnateS NAYS ~
too much water for real money. When SlOooooo, IePle
value of plant and it is capitalized tor I
who purchase the stock are robbed OF $9OOOooo Each ~
value received cost them dollars. In this malel ~ d
have absorbed great share of the real money IN the
left millions of people holding the empty bag Many O@N 60 he
companies have become involved in the v1any by using ~
longing to their deposiors float wild cat STOCKS 's v
less paper as security knowledge of this tact was h
confidence and ncie manic The who finds Dus!@l ~
house and becomes excited is apt to save o9 ser
continued to sleep blsful ignorance OF MS oS' n Of
instance he blamed for waking up time to save even
his valuabes -: 4h;ayes
These robbers have not only eeced the people pu ' % inn
have devoured the smaller fry Morgan H. 1sa had
mediate crew got most of the swag. Apparently "o9 41ra
the readvcast with which to prevent a total wreck AS
lies before me cartoon representing these men Ps O ore
broken dam to stay the flood of disaster < Il+os the
Sens Perpon Morgan the Atlas OF flha0e ~ - 1ooen
idea an, tr,no TO convey Try imagine what lnst ~
sbord b - bic TOE The praises of Morgan as our saviour -:
been SUMO throughout the length and breadth OF the i y m
tude of idiots who haven't enough to Ko" - addition to
save power of one man TO da ~ schemes Of
the money these men had taken from the PeP c funds
piracy and punder Corteyou placed millions " loaned it
at their command and they promptly uS eu y 4
others for that purpose from to 80 per ei - mpv
I'VE have not been saved. Morgan ana ms better grip
let go of hroats for the instant IA ~
through scheme of asset currency Is 4tee human har-
IF we ever hope to be saved from the greco o. share OF
pies we .e+ so,e oreves by making it felony 70 ~ ;+b
stocks in excess Of the actual value of the plant $50 money
draw from private banking corporations W GOLD and silver
The issuance of paper currency like ne comm orporation
SOVEREIGN function and should not be delegated " I ics is
The
absolutely impossible - % ;se,,e asset currency,
Government has right to permit bankers citizen possessed
unless it accords the privilege 10 eNe''
of similar -, Nov, York many Western
when the stringency first occurred IN >e"