The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-03-30

ropean countries and our South Amer
lean Republics may have respon s::hI
part in the conferences of peace tha
shall make a warless world.
Soldier Bonus and Greenbacks
What is a greenback? Was it base,
ON gold or redeemable in gold |? Di,
they depreciate as is claimed so-calle,
fiat" paper money will do? Let Lin
coins former Secretary of the Unites
States Treasury Chase answer in hi
own words: III
What is a greenback Did you eve
think what it was? Why, it is sinapl,
the credit Of this great American peo
pie put in one form of money, to cir
culate among the very people whose
credit makes it good" X Z cas
Secretary Chase further says: n,
when / was Secretary Of the
Treasury, the question arose, how
should these vast armies and navies
be supplied? How should the boys be
fed in the field, the sailors in ships,
and provisions be made for their sup
port, their clothing, food and trans
portation? I found the banks of the
country had suspended specie pay
ment. What was I to do? The banks
wanted me to borrow their credit, or
pay them interest in gold upon their
credit. They did not pay any gold, or
propose to pay any themselvs, but
they wanted me to borrow their notes
/ said no, gentlemen; this great
American people is worth all of you
put together. I will take the credit of
the people and cut il up in the form
of little bits of paper and we will cir
culate that paper This is the true
idea Of the Greenback. It is the credit
and property of the American people"
If during the Civil War Secretary
Chase could issue Greenbacks to pay
the soldiers and to clothe them as
well as to provide military supplies
and in spite of war conditions and
the united opposition of the bankers,
these Greenbacks were sought for at
a premium equal to that Of gold can
the nation not do as we'll today? If
during the Civil War we could pay our,
soldier boys cash in the form Of
Greenbacks, then why not pay the
proposed bonus with similar Green
backs as full legal tender for all
lebts public and private and so give
hem real cash-money-based on the
wealth of the country? This would be
without material expense to the Gov
1t would do more than this. 1t would
again put into circulation needed mon
~ to revive business, set the wheels
# the manufacturer in operation and
revive agriculture. It would simply
restore Immediately in part the cir
medium-credit withdrawn
from circulation by the Federal Re
serve Board and which caused our
present unfortunate condition that
brought the farmers to the verge Of
1t would break the stran- |
yle grasp in which the people of this
country and the Government itself
low find themselves held by the bank |
ng and financial interests of Ameri-
a, the same power with which Secre- |
airy Chase had. to contend. Let him
ay it again-his experience with the
'anks. He says: |
'How should the boys be fed in the
field, the sailors in ships, and pro
visions be made for their support, |
heir clothing, food and transporta-
ion? I found the banks of the eoun-
ry had suspended specie payment. |
What was I to do? The banks wanted
ne to borrow their credit, or pay !
hem interest in gold upon their cred
t. They did not pay any gold or pro-
rose to pay any themselves, but they
wanted me to borrow their notes. I
aid, no gentlemen; this great Ameri-
an people is worth all Of you put to-
,ether. will take the credit of the
,eople and cut it up in the form 70
title bits of paper and we will circu-
ate that paper. This is the trye idea
# the Greenback." s.. |
Will the American people through
heir Government win as did Chase
,r will the banks be more successful
his time and accomplish their purpose
aot 10 permit any soldiers adjusted
compensation without paying tribute
10 the banks in the form of enormous
interest charges which should be-
saved to the people Of the country
md the coinage Of money wrested
from the banks and returned to the
where the sovereign
states of this country originally
placed it. # n 81
Shall the United States sell bonds
and pay the banks 10 per cent IN
terest on money that was coined by
The Government without expense to-
The banks or viii the federal govern-a
nent issue without material expense
Greenbacks to pay the soldiers bonus
is did the Federal Government under
Chase
Think it over and then act and let
your influence be felt. sssl. Il
BONUS BILL PASSES HOUSE
w Washington, ID. G. Mar. "a The
Soldiers Bonus Bill Is ready for the
Senate Passed under d suspension of
the rules by the house, 38s TO 10, the
Bill gees to the Senate for final
passage. Inasmuch as tha nil haa