The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1926-03-05
THE PEOPLES MONEY-AND THE FEDERAL RE-
SERVE SYSTEM

classes of people, appearing when wanted and gonggong-
always going from person another payment of debts
obligations Not the property itself because when men
sell 100 head of CATTLE they carry them around and
trade them in hand for quarter section say Of land and the
cattle man.
But money was devised and used as token of this
tangible property and such it is just medium of exchange
to facilitate trade
of wealth is NOT wealth itself but simply token
representative of wealth.
Down in old Biblical days this truth was fully under
stood They perhaps the fountain than and
understood the real purpose of money and expressed many
times in their statements of conditions in those days
The next step money is to learn that circulating
dunn be held 70 profits values itself-and
do charge interest upon it, deanges eveyones bust
The farmer wants money pay his hired Some
one hold the money up for interest makes it hard get It's
lost Its circulating junction, makes the farmer sacrifice to
get it. He loses money pays wages than he should Next
the business wants money pay the whoesaer-mOney
is being held for interest He get it. He gets Cornered
Then the factory squeezed the way and goes
to the end of the Everyone is hardup money
tight. Soon financial panic shoots the horizon:
FAIL business COlaPses thrown of employ
ment by thousands and great distress and every
where At the time farmers may have an enormous
crop enough to feed the world All because of treating
money property token and allowing private in
dvduas and corporations collect huge tolls upon everyone
who money It's like putting meter up
ugular vein and making pay toll before the blood
could flow through.
Now look a Banks
Private banks upon any civilization and have
buried previous nations deep in the sands They
parasite upon business and NOT needed any honest
and business Some statement you say but true lust
the The they apparently needed that they
(he banks) create the money sngencesand then charge
us for using YOUR credit-not money
The posoces of this nation would be perfectly adequate
to distribute necessary put separate bureau for
that purpose and money would be freed from private
greed and control.
Since civilization began they have pestered honest trade
and commerce by their restrictions upon money Instead of
promoting business and trade their function is always
AnCiap abIlOo bo1t A.
Rome Greece and all of ancient followed them
In country the National banks grew up after the
civil war Lincoln warned the country what they would do
ana we went on unheedng and lusoned by the lies of the
banking class Congress brbed and lied to- and even
Grant when president fooled into signing bank bill which
he atteward aPologzed for until they into complete
control of money Read the grating national banking law
tor yourself and learn of the great conspiracy.
Still the bankers led by great International financial pi
rates. not satisfied and during Wilson's administration
secured the passage OF law creating the Federal Reserve sy
tenn the caPshea keystone of the ARCH of the final de-
bauchey OF the greatest nation earth by hgnders of
finance 1t the greatest and daring highbndry of
hnance and pilaglng organization engineered upon
earth.
What is it?
First let say that under their old National bank
ing law there different Independent that some
times could not be controlled by the financial pirates
The Reserve system stopped all this and created perfect al
ways working, control of the money of the country
What are the provisions of this lavv2
Here is its caPital-every national bank compelled
to be member by paying this monster per cent of
the" capital and surplus That brought in hundred mil
IONS he promoters had penny to invest
Second they compelled every member bank to hold in
the Federal reserve SYSTEM all their accounts that the
law compel them to hold against deposit liabilities This sum
nearly billion dollars to commence with MAKING =
capital of two billion dollars cash without putting up one
penny. Pretty good finance ism it?
Immediately they started operations the twelve reserve
banks began by the ottenest sandbaggng methods to force
independent state banks to become members-and thew de-
beraey caused the failure of many who refused to be sand
bagged into this sVvindlng game.
was the boast of its builders or promoters that #
would prevent hnanal panics Well guess it did In 1920
they debated the farmer of somewhere between IS and
on billion OF dollars of values he had honestly created and
nexed it to their iIgotten piracal gains HovT9 Bv f
closing mortgages refusing any credits drawing in near
billion dollar OF money when the country needed more
lhey ruined farmers by millions causing nearly five million
people to leave their farms three years They made them
upon the face of the earth They have the producer
Dy the Juguar vein and he has stand and deliver No
pancS? | lot 1hev1 done Il -