The Richmond Virginian. (Richmond, Va.) 1910-1920, 1917-05-09

the system of government the wealth
would be amassed in the hands of the
few-which would threaten our re-
public 1t does not take that pro-
phetiC mind of Abraham Lincoln at
this day to see the rt.thfulness of
wealth amassed in the hands OF the
few. Now. what will it do for our
republic?
These spectators are only after
getting a worldwide grasp that they
may he able to handle the nations of
the whole world as they have handled
America. it is to be hoped that the
government comes down so hard on
the speculative element that the scan
dial shall cease" But il is almost
vain to think of such from the fact
that the speculative class selects and
the poor class elects and the press
has kept the public hlindfolded,
II is TO be hoped that other editors
may follow your example and let the
government see that 1.-The nation is
awake. The piercing sting OF high
cost Of living has broken the long
sleep and the nation is now looking
for the government TO act America
should not permit its allies TO he sac
riffced 10 make thousand men un-
thinkahiy rich" l say Amen
But further ] wish to say that
sec no reason why America should
permit that thousand 10000 men to
sap the HE from this nation, as well
as Europe.
would like. TO go into detail to
show the fallacy of many of the laws
that occupy our statute books, and,
with Your kind permission, l will give
one illustration OF how the public is
robbed, viz. by the banking system,
First. I Will ask the question: What
is money?
/ answer. Money IS circulating
medium by which people exchange
values of wealth-the money of it
self has no value, except for the gov
eminent seal or stamp
| might print a dollar Just Ike any
other tiDIlBr Dft1 UnfesS TIT -ovcrr-
ment recognizes it il is worthless
Now then as the government recog-
milton OF money gives TO 1t lis real
valte why should the government
permit the bankers tn control the
currency of our nation and borrow
from the banker the money and pay
an interest to the bankers. Why is 1t
that we as individuals have to borrow
money from the banks and pay inter-
est% To show the injustice of so do
ing. suppose that our government
should issue twenty billions dollars in
currency and lend II out to farmers
ana business men - per cent inter-
est the Same as bankers are permit
ted to do. in sixteen and two-third
years every dollar OF that twenty bi1~
lion dollars would he ont of circula-
ton paid back to the government for
interest Then II is the same way az
TO the bankers: They get every dollar
in circulation every twelve years for
they compound the interest by extend
ing it. Thus YOU can grasp the ex-
tent Of imposition and exploitation Of
the public by bankers by special
privilege law That is only a starter.
y can show and prove that the bank
ars. by special privilege laws, through
The clearing house system and many
other ways, rob the public of billions
of dollars annually as does all big bus
mess But the most distressing OF all
at the present month is the food
Spectator who is starving the Ameri-
can public, and it is to be hoped that
the press may follow our example and
notify our government that there is
a question of vital importance to be
considered. TO loosen the grasp Of
speculative gamblers here in America.
Respectfully,
w w MOODY.