Saturday news. (Watertown, S.D.) 19??-19??, 1916-05-18
II. |. Loucks Issues
Call for New Party
State Organization

Dakota, erecting:
When l became your candidate for
United States senator two years ago,
on a platform of we'll defined anti
monopoly principles, l promised you
that l would be with you until we
won. | meant it then, and mean it
now.
I should have been in correspon-
dence with you before this, but l have
been devoting all of my time for sew
.eral months past, preparing for pub
LEGATION the official data and proofs of
what l claim to be the greatest con
spiracy ever conceived by the minds
of men to Cypress the people by con
trolling the labor Of a great nation.
The manuscript is now in the
printers hands and will be out in the
course of a few weeks, furnishing the
evidence that will convince any in
,telligent a or woman who will
read the book, with an open mind.
The bankers conspiracy, incubat-
ing for many years, began it's rapid
development with the bankers panic
of 1907, when the republican admins
|~tration openly surrendered to and ac-
snowledged the sovereignty of the
House of Morgan. Since then the
two powerful political arms of the
sovereign. the republican and demo
cratic parties have wed with each
other in their efforts to serve, and
have worked in perfect harmony, car
rying out the plans as outlined with
such cruel efficiency by Paul M. War
burg, and lobbied through congress
with such remarkable ability by Geo.
M. Reynolds.
They have secured all the 1egisla-
ton necessary to change our whole
financial system, and are rapidly
changing it from a swstem of money
issued by the government, to a system
of credits loaned by the banks. To
a system by which the banks loan
ledger credits. and make the obliga-
lions payable in gold coin" which
they are rapidly becoming, by melting
into bricks; or in lawful money"
which they are retiring rapidly from
circulation.
The paramount issue is immediate
and plain: Shall our financial sys-
tenn be that of legal tender money is
sued by the government, in sufficient
volume, to transact the business of
"a hbtAch oh SdoA DdolS, X anu d du-
ministered without private profit, or
as now being developed, a system of
bank legder credits, subject only to
the Judgment of the banker as to the
amount of credit, or rate of interest
to be charged.
There is no need to wait to see
what the twins will do at their ma
'tional conventions. Their records
are made. Their control by the House
of Morgan is complete. They will
unite as solidly at the polls when
necessary to protect this private
monopoly, as they have in ngr
in the past to secure it.
The movement for the organization
lof a Government Money Party seems
to be general in every state of the
union. and will grow rapidly as the
issue is better understood.
The principle being a part Of my
platform Of two years ago, which YOU
approved by your votes, and no one
else having taken action, deem it
10 be my duty to issue a call for a
state conference, OF convention. Of
all those who prefer government
money for our medium of exchange
tto our system OF bank credits. as now
being developed, for private profit.
for the purpose of organizing an IN.
dependent Money Party for South.
Dakota.
will rot have the time to CORE
lspond with yonr personally, but wish
to be guided by your wishes as to date
Or conference and place Of meeting
AZ TO date OF meeting, in view Of the
probability of the national conyen-
ton being called for some time n.
July, ] would suggest as early 4 day
~ lime as You think advisable nd.
pace o. meeting. your first and sec
ond choice. Information ana suagas
lions appreciated.
The issue is the most vital and I'M.
Eferssnsthat has svery come before tho:
American people. because the cianee
nas been legally authorized. @
we must plan 10 nrganize il every
precinct III the STATE and place IL
nomination hull stte ticket. aad
Gfull county tickets. ccinposed III nan
who believe inthe pFsnciples 81 Nv.
|ernment noneyssand who place pin