Payette enterprise. (Payette, Canyon Co., Idaho) 1909-1935, 1912-03-21

Heretofore IL mas DeeLA voluntary NaS
the part of the Government abo' OF
depositing public funds in priva ge
banks to tide over emergencies, bm,
now it shall do so and to one pa
ticular private interest.
What l want to know, and what &c
cry citizen should set himself to finar
out, is why the Government shout rs
even voluntarily, much less under
duress, turn over all its cash ana
revenues to a private concern with
out interest, and then permit this
same private interest to turn around
and charge the very identical peo-
pie who furnish these resources a
big rate of interest for the use OF
this money? If the Government can
let one private interest have It's
cash without interest why should
not all have the same privilege?
When a citizen borrows of the
bank he must give security just as
he would if he borrowed of the Gov
eminent then why should not that
Government do its own banking and
loan to its citizens without interest
and without the Intervention OF in
termediary grafters?
In the last analysis the producers
of this country furnish all the re-
sources that are dumped into the
National Reserve Association through
the U. S. Treasury. What then does
the whole situation resolve itself In
to? Simply this: That the real de-
positors in the National Reserve AS
ISOLATION, the people, are charged
| interest on their own deposits. the
bankers simply stand at one door
to take the money in from its real
source, the people, and then pass
to the opposite door and hand it
cut to these same people, and for
his great feat Of serving the inter
asts of the dear people they charge
them a high rate of interest which
was added to it somewhere between
she two doors.
And they have the supreme gall
to ask the people to give them this
soft snap as their special preroga'
tive for fifty years. Modest aren't
they? Nothing small about their
asking qualities, however.
Elasticity is another term to jug
lie with to obscure the issue. The
best authorities on political econo
nv say that "In both England and
the United States, the victory mas
remained with the advocates of safe
rather than an elastic currency"
But in a safe and sane monetary
system elasticity would never be
question, and the best way to re
move the necessity for elasticity II
to remove the cause of the emergen
cies that call for it; that is lie
the government take complete con
troll of our monetary affairs and Is
sue its own notes as money and re-
egate all others to the scrap hea
where they belong. The govern
ment never had a run on its bankln
operations; it has been reserved 10
private banks to monopolize all tn
panicky recklessness.
Just why we should be require
to construct a fiscal policy to tax
in and let out sail to accommodate
itself to every financial cyclone thf
originates in Wall Street is nc
clear to the average citizen.
Financial distress and panics al
simply made to order, and it
through the control of our who
fiscal system by the financial bu
cancers who enrich themselves o.
of the wrecks as they did in 100
And who supposes for an insta
that any financial scheme ribbed !
by these big free-booters will ev
be allowed to get beyond their co
troll. especially when they have
strangle hold on the resources
the United States through the n
tionaI Reserve Association with
the courts, legislatures and 20
gress as their allies?
Fruit Grower" makes the Ia
mistake Of assuming that there