Omaha daily bee., 1921-05-09


The Bee: Are the allied governments
Of Europe playing square with the
rest of the world in their attempted
settlements Of the war indemnities ?
Or are they trying to shift the pay,
ment of the debt from Germany to
the United States? Not having been
successful in making Germany pay
it looks as If they have figured out
another plan whereby they can make
the people of the United States pay
the bill by flooding this nation with
worthless foreign securities
News items of the press tell us that
the allied ultimatum has been
signed. Germany must pay Bonds
are to be issued in June and Novem.
Der to constitute gold securities good
at face value in any country. This
decision was reached in England at
Lloyd Georges residence where the
allied conference met. 1t is to be
remembered that this is the same
bunch of conspirators who lured ex-
President Wilson to Europe. and tried
to double cross the American peo-
pie after We had befriended them in
war with q sacrifice of 100000 men
and going into debt $4,000, 900 900
after which we learned this nation
was to be made "eat's paw" in a
league of nations as our reward.
The American people graciously
subscribed for our Liberty bonds to
the extent of SIS, 900, 900 and to-
day we find these same bonds SELL
ing far below par, even as low as
SO. How these allied premiers in a
conference in Lloyd Georges resi-
dence can so cleyerly scheme out a
way to make Germany pay by having
Germany issue gold securities good
at par value in any country in the
world when there is nothing back
of these bonds is more than any in
telligent person can conceive. This
scheme cannot help but fail for the
American people surely will not be
deceived by such ridiculous fraud
and accept these bonds with nothing
back Of them but hot air from the
commissioners conference.
The people of this country have
been educated to a gold standard
and our financial system with it's
many faults is the best in the world,
and the American people are not
going to permit any set of foreigners
to break down our financial struc-
ture by coming over here to trade
their worthless chips and whetstones
fer our valuable products (honds
payable in gold with no gold back of
them).
The time has come for the Amer
ican congress to take some action
regarding our own money. Paper
money is an invention designed to
transfer wealth, but today we find
America has the most money per
To hoUo hD6 alSn
find the highest interest rate being
exacted and shortage of money
which indicates there must be some
thing wrong with money matters.
This only proves one thing-we must
get back to a hard cash basis with
gold and silver circulation as a me-
dunn of exchange, for it seems that
the people all over the world have
confidence in metallic specie. But
there is not enough metallic specie
to go around in carrying on the
worlds commerce at the present gold
standard of value,
There is a remedy for the present
business depression caused by these
financial shylocks who are eXacting
All exhorbitant rate of interest at
a time when the money per capita is
the greatest in the history of the
United States. If we are to redeem
our debts in gold, We must safely
create more money than we now
have, and to do this We must in
crease the present gold standard of
value from S20.67 per ounce to
s41.34, which will double the money
supply Of the world, and let it pay
it's debts in gold.
ROY NJ, HARROP.