The Alaska citizen., 1913-01-27
LOOK At YOUR CURRENCY

II you are fortunate enough 70
have in your possession a ten-dollar
bill take a look at it and you will
see at the top these words secured
by United States bonds and other
securities" which if looked into will
be found to be the beginning of the
end as planned by the money pow
or of this country The words ar
on the bill as provided in the Al
drich-Vreel and Currency Act Of
lanS
Let us look into the causes and
act Standing alone. il was an ex
pedient a subterfuge; yet its con
structiye accomplishments have been
most vital and varied From the
viewpoint OF previous and pending
developments. especially the Aldrich
( Currency Bill which is now before
congress it assumes still larger sig
nifiCance
In reviewing the matter now. five
wears after the passage of the bill
II is easy to see who was back of
the measure, and what end was in
view when the joker was literally
forced through the senate
Up to the time of the passage of
this bill no bank notes were issued
unless secured by United States
bonds. These bonds could not be
watered. or their valuation increas-
cd fast enough to suit the wall
street sharks. so they called CON
ference to decide way in which
20 get absolute control of the fin
ance of the country.
Already millions of dollars worth
Of watered stock of railroads. mines.
and many other corporations had
been floated. put on to the public
which II examined into very closely
would prove TO be absolutely worth
less. Thus with the idea of iegaliz-
money kings summoned the trusty
lieutenant Aldrich to appear before
their majesties and between the
rogues they finally evolved a
scheme whereby they could put one
over on the country.
BY the terms of that new law
as passed in 1908. the various
banks belonging to the National Cur
rency Association. which by the
way is a stepchild OF Wall Street.
may deposit in the treasury of the
United States railroad bonds and
issue therefor L. s National Bank
Notes. We. will not dispute for a
moment that railroad bonds are
pretty good thing to have individ-
ually. but when It comes to the
country issuing lot of currency on
/ this watery stuff the credit of
America is being trifled with in
most serious manner.
These words-"Secured by Uni
ted States Bonds or other Securi-
ties"-have been engraved on all
new bank notes in order that our
national bank note currency will in
every respect conform to the APP
pearance of the emergency curren-
cy of which there is 100000, 900
ready TO he flooded upon the coun
trv at the call of the street" and
j which may be called out any time.
Then the public will not be able
TO discriminate against the emer-
eency currency. That OF itself
would seem to indicate that the
oropagators of the Aldrich-Vree-
land law were afraid that the pub
lie might think the emergency cur
rency a little below the value of
money with the only inscription "se
cured by United States Bonds" and
therefore refuse to handle it.
The powers patiently waited to
see how the country would take the
Dill or lSOS, ana now emDOlueneO
nv their success they have had the
ever ready Aldrich present his Bank
Capitalization scheme. whereby they
will own the United States. body
and soul.
The hand Of the trust has been
partly. but not entirely called by the
present congress. especially by the
able Senator I.aFollette. but there
is still the gravest danger of tying
up our national treasury
Should the incoming administra-
ton do nothing else for the COM
mon people of the country than lift
the yoke put upon their neck by the
Aldrich-Vreeland Act. and the fur
Their burden of the proposed Aldrich
act. they will go into history prob
ably not recognized now but in the
future as one of the greatest ad-
ministrations of all times.