New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-06-14
ADVOCATES STATE FARMS
Thinks They Would Solve Present In
dustrial Problems.

To the Editor Of The Tribune:
Sir: I read with much interest the eai-
torlal i'm Yesterdays Tribune on Money
and Business" in which you point out the
fact that, although We have "the people
the business and the money" yet pros
perlty IS checked" l agree with you also
that the country has healthy constitu-
ton and will overcome all the handicdp3
of men and politics I'm course of time, put
question their necessity and maintain thdt
with the advantages you have descrloeo
there Is no more need for business de-
preston than there is for man OF sourd
constitution 10 be unwell. In either event
there occurs an infraction OF Natures law
The gold basis hits the people whichever
way the pendulum swings-through tne
banker when 1t IS scarce, through the mer-
chant when It Is plentiful. and when pros
perlty stops strikes all according to the
amount of wealth or unused power In their
control I hope the "mCney trust inves-
tigatlon will suggest a remedy-in the
mean time. here Is mine. Abolish gold from
any connection with currency. Base the
dollar on the man and womanhood Of the
great American fsmily-on the right of
every DIlt vi liitll W 'dlh iip w hNA '''''e'
MaterialIze this right by the establish
ment of the minimum wage for one day 5
labor guaranteed by government to all ap-
picants Make this wage the American
the twentieth century-dollar. Establish
near all centres of population trade school
farms, wherein the bread liners and job
less ones could he permitted TO produce
CROUCH fer their support from the land
during part OF the day and master some
active trade during the remainder These
farms would be the homes Of the nationaI
labor reserve, as well as OF the national
defence reserves, the men being Kept
strong, active and intelligent by paid labor.
and not like England's outcast poor, TOO
weak from starvation, etc, TO respond
hepfully no matter what crisis might arise.
With this reserve there could be no more
strikes. Were the manufacturers to lock
out their men, the state farms would re-
celve them at a dollar a day. Were the
men of a certain trade to strike, the re-
sources Of the state farm would be avail
able TO fiji the gap under state protection
The labor unions would become labor ex-
changes and would obtain for their mem
bers the highest wages the law Of supply
and demand would yield. Differences
would settle themselves automatically.
The Notwithstanding dollar would be ex-
changed for and equivalent to the existing
dollar the day issued, worth one-twentieth
OF an ounce of gold at the price prevailing
that day, after which the fluctuations of
no commodity, gold or anything else, could
affect Il. II would also be issued as loan
upon the proven rental value OF real estate,
certain multipliers being used TO ascertain
the loanable value OF different classes OF
property. when the loans would be at once
made from the government savings and
loan depots-to banker or baker on the
same terms. An annual charge approxi-
mating ~ per cent would be made TO
cover insurance while loan remained In
force.
Justice demands that loans imposing nc
risk upon tho lender should constitute a
government service TO the whole people.
Loans entaling risk come within the
bankers legitimate province, and the need
he would then experience for keeping his
money active would insure the countrys
unbroken prosperity.
". H. ROYsTONE.
New York, June II, 1912