The Ocala banner., 1922-01-27

-tne soiu system always wins The
young men from Is to 80 fight the
war and are mained or killed. the
internationalists are safe and pros
porous.
/ Ten years ago l said intended to
put every ounce of brain and energy
in me to stopping war. | never meant
anything more earnestly, and that's
why ] want Muscle Shoals. l see a
way which, if it can be done, will do
more TO end war than thousand years
of agitation.
The essential evil of gold, in it's
relation TO war, is the fact that it can
| be controlled.
Here" said the manufacturer, pull
ing $40 bill from his pocket, "he
wouldn't hesitate about taking that
kind of money, would he? OF course
not. Well, what is there behind
bond, or this bill, that makes them
acceptable? Simply the good faith
and credit Of the American people.
And $50 bills issued by the Govern
ment to complete this great public
Improvement would have just as much
OF the good faith and credit of the
American people behind them as any
bond or other American currency ever
issued. You see, it's just question
OF faith in the American people"
But your plan would upset the
money system of the world and might
work incalculable harm
Not necessarily: not at ALL We
2oel not abolish anything We need
not even abolish the gold standard
Simply forget that there is any such
thing as a gold standard, and when
ever the Government needs money
for great, serviceable and profitable
public Improvement, instead of think
rs CT bonds with their heavy drag of
interest charges, think cf redeemable
non-lnterest bearing currency.
DO you realize how the interest
charges Of our Government mount up?
DO you appreciate that so cents of
every dollar raised by taxation is
spent in payment of interest? The
national debt is nothing more nor less
than the nations interest liability
pile Every public Improvement this
country makes means an increase to
the national debt. Here's way to get
] tie improvements without increasing
the debt. The interest load is break
ing down our whole financial system;
We've. got to stop somewhere"
But, in a sense, there would be no
security behind this kind of money"
it was suggested
! There would be the best security
sp the world. Here you have a river
cspable OF furnishing 1000, ,OO0-horse
power. 1t has been here for, say.
1O6,0O0,000 years. 1t will be here as
long as there are rain and mountains
TO send the rain into the rivers. This
energy is wealth in most productive
form. Now, which is the more i'm
peTishable, the more secure, this pow
er site and its development, or the
few barrels of gold necessary to make
| S30,000,000? This site, with it's power
| possibilities, will be here long after
the Treasury building is an ancient
ruin.
But have you worked out a stan
dard OF values?" Mr.. Ford was asked.
Yes, we have. We will have that
ready when Congress wishes to hear
about this plan. It's simply a case
of thinking and calculating in terms
different from those laid down to us
by the international banking group.
to which we have grown so accustom-
ed that we think there is not another
desirable standard.
/ Break the control and you stop war.
And the single way to break the con-
the way to end their exploitation of
humanity forever, is to remove gold
as q OASIS Tor the currency of the
world.
What did they do hundred years
ago without any gold standard? The
idea of gold as money basis is moth
ing more nor less than a conception
of international bankers. They knew
that if they could establish gold by
law as the basis of currency they could
then control the capital of the world
by combining to control the worlds
gold
But what have you to substitute ~
asked
That is where Muscle Shoals comes
in said Mr.. Ford Army engineers
say it viii take s3O.000,0O to COM
plete the big dam But Congress is
economical just now and not in a
mood to raise the money by taxation.
The customary alternative is 30-year