The Celina Democrat. (Celina, O. [Ohio]) 1895-1921, 1913-01-31

the thoughtful and serious cohsldera'
tlon and deliberation OF every cltiHeh
of Ohio as well as of other states,
When you give this serious thought
you will be amazed at the results auu
not surprised at the banking interests
of the country always taking such ah
active interest in favoring 4 TO per
cent interest bonds issued for various
public improvements, so that they cuh
get rake-off in interest and then lh-
stead of paying the principal at ma
turity refunding the bonds. II tine
people of Ohio will only awaken from
the slumber they have been In since
the civil war of 'G1 to '65 they VIII
send for. circulate and sign the peti'
tlons for this amendment to the CON
stitution of their state and vote to
adopt it at the general election Of 1913
and utilize their own credit under TINS
amendment. which will be the enter
ing wedge to force congress to enact
the Coxey noninterest bond bill OF the
Fifty-third congress. second session. H.
r. 74G3. June 10, 1894. into law. so that
the states and their subdivisions may
deposit their noninterest bonds Win
the secretary of the treasury ana oo-
tain legal tender money at cost for all
their public improvements, the same as
they receive postage stamps at COST
and be put upon the same plane as
banks.
Questions to Think About.
II the government can create money and
furnish Il TO the banks al cost, which mas
been our federal system ever since lsoo' as
well as paying the banks interest upon
the federal bonds deposited as collateral
for said issues Of money, and exempt the
bonds from taxation, then why not the
government create money and turnlsh II
to the people at cost. allowing them 10 de-
posit as collateral their noninterest bear
ing bonds of the states. counties town
ships and municipalities Tor all lher pup
lie Improvements?
why pay interest TO the banks for what
YOU yourself create through the federal
government-money?
Now that the federal bonds are being
paid off the banks are running out or
foundation material for circulation; there
fore in order to enlarge the foundation so
as TO increase the volume of currency TO
meet the expansion of trade through the
emergency currency bill they have includ-
ed In the collateral foundation to be de-
posted, state, county, municipal 'and 9TH
er bonds bearing interest" acceptable to
the secretary of the treasury, which Is
meant for railroad bonds, then why not
the government create money and fur
nish 1t to the people at cost, allowing them
TO deposit as collateral their noninterest
bearing bonds of the states counties,
townships and municipalities for all OF
their public improvements?
Why issue S3O0,OOO,0O0 Panama canal
bonds bearing interest. nontaXabe, sell
them to banks for which you have created
money at cost and borrow your own
money" and pay the banks interest for the
use Of your own money? And then allow
the banks to deposit these bonds as col
lateral with the secretary of the treas
ury. when he will issue the face value of
them in money at cost, so they can loan
it out at interest or else buy more interest
bearing bonds and deposit them with the
secretary of the treasury for more money,
at cost, and thus keep up the endless chain
of receiving interest for the collateral de-
posted for currency, which collateral
pays no taxes, and receiving interest upon
the currency issued, which makes II
double headed arrangement for the banks.
Why not issue money at cost for all fed
eral and internal improvements instead OF
interest bearing bonds?