The Nezperce herald. (Nezperce, Idaho) 1900-1957, 1923-03-29


and received in lieu thereof legal
tender with no intrinsic value except
the knowledge that it will be accepted
at face in payment Of debts.
Now we understand that the pro-
yiding of a medium of exchange Is ID
government or sovereign responsibility.
The first money recorded in history
was issued by the king of Lydia on
leather The Lydians had big trade
with the Phoenecians, and when the
money was redeemed it was retired ii
not again needed. At that time the
Hebrews were shepherds, I presume,
but they soon got onto the game or
money, and changed their national oc-
cupation and have been leaders in the
business world ever since. Their nu
tional traditions have been that they
were chosen people, superior and ia
yored above all others, having great
faith jim the bargain that Abraham
made with Jehovah. They have re-
mained nation without country,
dispersed throughout the world, and
being SO situated have had wonder
full opportunity to take advantage Of
the weaknesses and fallacies and fl
nancial needs of the various govern
ments. They made fortunes out of the
primal wars and then the Crusades,
and since those days they have gained
partial control Of the finances of the
Great Powers They are very admir-
able people in many respects; very
peaceable and law abiding; never TAX
ing chances if they can help it; splen-
did students, and continually at their
game of money getting, with no time
for play
AS we review the refunding of the
debt of the English to the o. s. A.
we clearly comprehend that the Roths-
childs are still in the saddle; but what
is to prevent our international bankers
from standing in for share of the
spoils In regard to this refunding
debt, let me quote few sentences
from Senator Mcclellan:
"Mr. President, we are trustees of
the American people so far as this in
debtedness is concerned. 1t is not our
individual money. 1t is theirs. We
are trustees for them and we ought to
conduct ourselves as trustees. We have
no right with perfectly good and
solvent debtor to cancel this debt to
the extent of $1,666, 100000, which
amounts to SIG for each man, woman
and child in the United States, fig
llring the population at 106,000,000. ~
And Congressman Alternately said in
this connection: "Now, under this
provision, what is to hinder the British
government of its bankers or agents
from buying our Liberty or Victory
bonds, which draw 31a to Az per
cent, and pay off all the British debt
with tho interest saved in the trans
action. This is not unlikely. 1t is
most probable ...,...... The possible
action as above indicated by Great
Britain or her agents would enable
that nation to pay back her debt to
us by the profits made out of MS in
the difference in interest, and~a can
collation. will demonstrate this, con-
fidently assert"
Senator .Barak says, "That every
dollar of the foreigners will find its
way not into the mouths of hungry
Europe, but into the military Golfers
of Europe. France has just lent Po-
land 400,000,000 Francs to maintain |
her army"
Now what should interest every cit
izen is to find what power put that
over. Our law makers knew what they !
were doing, but it seems they did what
they were advised by some powerful
agency.
The story of America 3 banking ex-
perience would be long one, FROM
the days of state sovereignty when
states issued money and validating
flourished, up through the reconstruct
hon and establishing of the nationai
system and double and single stand
ards to the Federal reserve. There
has been much advancement towards
our currency. Banking on
a large and also small scale is an
Indispensable necessity in the service
If the present civilization, but the
writer concludes that it should be only
| service. 1t creates no wealth. 1t II
produces no material. We neither eat
nor wear money. OF course things are
measured by it-not even excepting
he souls Of men, and money is the
that the banks are to look
lfter+ There is a saying, EVERY
nan for his own business. - The men
It the financial centers seem to fully
appreciate that saying, and seem to
'orget production all together. Their
possessions are in money and liquid
ecurities, with only such buildings as