The Elk Mountain pilot., 1923-01-04

Unessapable Under the Present Money System! James
dens Reaction to the Facts Of Everyday Business

THE following article is presented with any pur
throw light Interest Hodens reaction
to the question in his proposal of land certificates or
may not be wise-on that we nothing The Dearborn
Independent is not proposing cutanddred solution
1t is primarily interested in encouraging its readers to
look the Money Question in the face To this end pub
fishes articles from all angles.
BY JOHN BASIL BARNHILL. in Dearborn Independent.
MANY years ago 1 was in the business of lending
money Kansas L loaned million and
half dollars and l watched those farmers
their rich soil pay the interest 1t business
get that interest, watched them closely and know
what it meant to them. Then day it struck ab
surd that these who owned their land, their horses
and their tools should have hire the money with which
to carry their work. Why shouldn't they their
money too? 1t but another tool of their trade
then discovered that Congress provides only small frac
ton of the that producers require carry
duction and that the dearh of money forces the
bank credit in commercial transactions"
In the foregoing words James Holden explained how
he real estate agent and transformed
reformer and opponent of interest," like Paul Tarsus
he smtten knees by great light; he saw the
vision splendid" of a liberated humanity
The record of his struggles against poverty apathy
and countless obstacles while fighting for the recognition
of his remedy would transcend the bounds belief
if did not know that in every prophet Mother.
Calculus which measures its joys by its sacrifices
The inspiration complete when Holden realized
that all the banker does is MONETIZE THE VALUE
OF THE FARM And there must be an entering wedge
to every movement the prophet his doctrine
and currency The government says the CURRENCY IS
SUED ON GOLD shall be legal tender; Holden would add
valuable land and other forms of wealth.
DIR. Crane Convert.
One of Hoden's converts is the journalist Dr. Frank
Crane who in magazine article says:
The proposal is to base currency not on gold which
varies in quantity, but upon the MOST STABLE GETAT
ABLE AND THE MOST INDESTRUCTIBLE THING
KNOWN, to wit LAND! Let any owning a piece Of
and-town or country-go directly to the government
MONEIlZE-not mortgage-his land it at one or two
per cent and receive 40 cent of its value
men bills which shall be legal for everything
This land currency be issued without disturbing
ent conditions and without introducing any and de-
oatabe principles in finance Every dollar would worth
dollar it would be sounder than the present gold dollar
ihe plan would enable with property get what
he needs without going to the banks and paying
interest Vast of interest would be saved the
peope War is not the only relic of barbarsm that rob
the human race. All business carries Oldham The
Sea on its back. This incubus is the CREDIT MONEY
manufacturer to whom pay colossal load of interest
In endorsement of the Holden pan Mr.. Arn'
Dosch Feuro at present European correspondent thu
New York World, writes:
Holden holds that the dearth legal tender is th
cause of poverty According Holden root of al
evil is not money but the lack of money He wants u
to issue land because he safe back
ing But his primary object is to enough none
to go aroundl We always up against -it for none
BECAUSE THERE is NOT ENOUGH MONEY. The doa
is elusive because THERE ARE SIX OWNERS OF EACH
REAL DOLLAR! We cannot get what does not exist
Five Of us bound to be disappointed More than iv
as it has worked out-are disappointed because MOS.
| OF 1T HAS ALREADY BEEN CAUGHT We are com
PEELED to borrow it of those who have been
enough to corner the scant supply In of tim
they have accumulated than their share and If W
want any of it, we must them for the of it an