The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1913-07-31

of trade in our favor is constantly
running in debt. Our interests ac-
count to foreign countries together
with what our millionarles spend
abroad amounts to hundreds of mill
lions of dollars, more than our trade
balances each year.
The business of the country is
done on 10 per cent cash and 80 per
cent checks, a beautiful situation for
free country.
One more illustration of how all
the industries of the country are be-
ing absorbed. The Childs restau-
rants, the Riker and Hegeman drug
stores as an illustration, by means
of the fangs of the federated banks
are reaching out and gradually all
business is being gathered into it's
folds. The business is purchased not
with cash; a payment is made by
check to bind the bargain.
A corporation is formed, stock and
bonds are issued, the bonds are I'M
derwritten by the banks, and as each
unit comes into the fold, it receives
bonds, the bankers market the bonds
and the former owner gets his cash
if he desires to give up his bonds,
the banking combine own all the
stock By the combination bust
ness is economised ana the bonds
gradually retiring from the profits.
If this country is to be saved from
anarchy, reputation and revolution,
Congress must legislate for the peo-
pie, and legislate the bankers out of
business.
Real Money ''Redeems'' Itself.
The only kind of money recognized
by the Constitution and the Courts
is a full legal tender. 1t may be
coin of any substance; paper is pre-
ferable to all others. Gold and sill
yer should be domesticated. These
metals are not fit for money, and
have been used for thousands of
years to cruelty the human race.
It may be contended that these
metals are American products;
granted; but the man who produces
them could earn more if their ener-
gies were directed in other channels
and add more wealth to the coun-
try.
The new securities put out the
first six months of 1913 amounted to
$948,153, 900. This is $421,469,OOO
less than the first six months of 1912.
The European situation is no better.
The Balkans are asking for loans
100000, Austria 80,00O,00O,
Greece $3.50, 100000. 1t will take
100000 to finance Europe.
There is no new supply Of money
except the production of gold, and
interest is the cancer that is eating
the prosperity of every nation.
The fundamental law of this coun-
try provides the proper means for
the prosperity and happiness of all
it's people, but instead of properly
applying it, Congress enters into
conspiracy with gang of plumber
ing usurers and instead of giving the
people money it burdens them with
perpetual debt.
Instead of enacting into law the
proposed bill, Congress should pro-
vide that each State select one far
mer or other wealth producer and
provide their expenses, they to meet
and draft currency bill and submit
both the peoples bill and the bank
er's bill, known as the Administra-
ton bill, or the Glass, Owen bill, to
a popular vote of the people and let
Congress go home and await the re-
suit of the election.
Watch the Vote of Your Agents in
Congress!
Every Congressman knows what
would happen to him at the next
Congressional election if he should
advocate the present Glass, Owen