The Spokane press. [volume] (Spokane, Wash.) 1902-1939, 1908-09-04

Know anything about George G.
Hackstaff of Chicago? If not, you've
overlooked presidential candi-
date. He's one of them; says so
himself in book of 35 fat pages
he has issued to the American peo-
pie. He called himself to order in
convention and lobbied through his
own nomination all alone.
After the customary long and
full consideration and elimination
of all personal welfare Mr.. Hack
staff has decided to offer himself
as a candidate for the presidency
Of the United States solely for the
purpose of placing the distribution
of money for the peoples use in
the federal =. constitution, taking
this money Issue out of the hand
of congress and the executive, who
distribute it among their favorites,
as is done in Europe by despotic
governments at the expense of
right and Justice"
thing Of a chore in all this and will
regard his election as a personal
misfortune. He would prefer a
quiet home life, but after looking
all over the country for proper
man to champion his cause he has
concluded that if the money ques-
ton Is ever settled he will have
to do it himself.
The Hackstaff idea covers about
everything included in poverty and
wealth, which leaves few of us out
side. After figuring on all the vari-
GUS details presented most any
man might undertake to run for
president or otherwise attract at
tention to himself. In explanation
Mr.. Hackstaff says:
81 have taken Benjamin Frank
Inns Monetary System, which was
adopted by the state of Pennsyl-
vania in 1928, and was in full oper-
alton for so years, until the colonial
government money took it's place,
for the basis of my plans for a
monetary system, and have
changed and enlarged 1t to meet
our wants and conditions.
This Pennsylvania money was
loaned out by the state officials on
real estate security of double the
valuation Of the loan, one-quarter
of the loan to be paid every four
years, until the full amount of the
loan was paid, at per cent inter.
est. They issued 5000 per capita.
This money supply acted upon the
people like gentle rain acts upon
parched and whitening wheat
field.
"My plan is to have the people
amend the national constitution, so
as to guard and protect the print
ing and handling and loaning of
the money, and to have the nation
al government print the requisite
bills, containing the national seal,
in proper denominations, and prop
err state classifcations and then de-
liver these bills to a state COM
y<ssion, one commission for each
~rs, who shall print the respec-
tive state seal upon the back of
the bills, along with the autograph
signatures Of each one of the state
commission, and then that commits
sion shall loan these bills out in
every county OF their state, the de-
tails of which are all worked out in
my proposed amendments to the
national constitution.
mo one citizen shall be entitled
to loan in excess of $4,000. The
security for the loan shall be real
estate whose undoubted valuation
shall be double the value of the
loan.
"The loan shall draw per cent
interest, the interest money to GO
to the state to cover all the ex-
penses of the state in the making
of the loans and safeguarding the
money supply. Tho loan to be paid
back in four payments of four
years each. The money to be re.
loaned as fast as previous loans are
cancelled. to the end that the mon
ey supply shall be kept normal
and business interest not shocked
by contractions or by expansions
my plan is automatic in it's &C.
tion--It does not rely on any mans
judgment as to the quantity of