The Birmingham age-herald., 1921-01-24
TOMS GOT FEM ON THE RUN


 TOMS GOT FEM ON THE RUN From the c lumbus Enquirer-Sun.
 If our eyes do not deceive us. those second story workers and agents of Wall street who run government de- partments up there in Washington, don't seem disposed to consider seri- ously the more or less inspired plans of Georgia's senator elect for reform tng the currency and otherwise saw ing the country generally.
 But those of us down here in Georgia who know our senator elect, and know that he has forgotten more about finance than anybody up there in / Washington ever knew, or ever will know, quite well understand the motive that inspires these treasury stool pigeons to try to throw off on the dis tinguished Georgian who is soon to make himself heard and.felt in Wash ington; and that's just this--they're jealous of him, that's what. And here's the way they show it.
  l ington correspondent, for instance, when Secretary of the Treasury Hous- | ton was asked the other day to analyze l the Watson plan for making war 1 bonds, thrift stamps, etc. legal tender, 1 he exclaimed: NO, mol I positively will not--cannot | do it! Why try to analyze hare ] brained proposition like that? One
 might as well try to talk in vacuum. i It cant be done" ] So, that's the way Dave Houston i feels about it, is it? Mad, is he? We'll, just you wait, Dave Houston till Tom gets up there, and you'll sing a different tune. Old Man Peepul is still alive. Dave Houston--and a-kickin And, no matter what you and your | kind say, he wants more money. He wants an opportunity to convert, his war bonds into currency. That's what!
 What good are his war bonds to him now, piled-up there on the back porch along with his unginned cot ton?
 Beware Dave Houston.
 Old Man Peepul is watching you! But that isn't all. There's w. P. c. Harding (Alpabet Harding) of the federal reserve board of bitter memory. Jn partment rules forbade comment.
 But, then, rather than be unaccom- modating, he privately offered this suggestion, towit;
 That monetization of SPA, 900, ,oOO.- 900 of war bonds would increase the circulation media of the country from s6O to SPA per capita. That such tremendous imitation would immediately result in a corre- spending depreciation in the pur- chasing power of the dollar and propor- tionately higher prices.
 That consequently. the American dollar, which now occupies a domi hating place in world exchange, would
 
 currencies of Europe" And that's all he knows about it. It will increase our circulating l media. will it? Well. who cares if it does? Isn't ! that just what we want? Who hadn't rather have $224 than $60?
 Answer us that Bill Hardingl | And suppose we do have $24. .000, l 000,0o0 of currency; what does that signify?
 Why, simply, that you and your bosses--the Morgans and Harrimans and Guggenheimers and Hoggenheim- ers--won't be able, then. to keep all the money in your possession. For there will, then. be enough of it | to go round 1 All that we common people will have
 to do. then, Bill Harding, will be to
 walk ~up to one of your little banks and say 1 Here's bunch of war bonds that I've been using to chink the cracks of
 my humble cottages give me the money
 on 'em and give it to me auickl" l And we'll get it Do you understand
 that? Bill Hardingyou and your 1 bosses
 And, what's more, our converted
 bonds (our currency) win be drawing interest all the time we are spending
 it-and it won't be any of your and Dave Houston's business, Bill | How do we know? Becsuse. Well, because Georgia's senator-elect sez SO! And nobody could have read as much history as he has without knowing everything that is worth Knowing. PROSPECTS YOU HAVE MET From the Nations Business