The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1932-05-17

neighbors and reported to the county
commissioners of this country.
Bear in mind, too, that this was al
a time when the papers say I'VE have
prosperity, because the banks are
fairly bursting with deposits" De.
posts. Who believes that it is de.
posits? As a matter of fact, isn't II
the money that the banks have
realized on their securities regard
less OF whether or not the debtors
starve to death.
All mankind is possessed of so much
selfishness that no one can be trusted
with the power a monopoly confers
Give banks monopoly on our cir
culating medium of exchange and you
had just as well give some un-
scrupulous devil q monopoly upon
your life's blood.
OF course we need more money-it
doesn't seem that we would have to
ask United States senator in order
to discover that fact-but 1t does seem
that even the school children in the
fourth grade know what Pa, and Ma
say, that our much deplored over
production is simply underconsump-
ton, superinduced by lack OF
money with which to buy the surplus
Wouldn't you say that the family
which lived on potatoes this winter
would make quite dent in this over
production If 1t had enough money
with which to satisfy its hunger? And
then we leave the solving of such
problems to such men as Secretary
Mills.
Secretary Mills knows just how to
solve this problem. The Pathfinder
published at Washington, D. c., states
that he smokes $1.00 cigars. pre-
sumo he smokes several of them eacl,
day and we will wager that he never
created an honest dollars worth Of
goods in his life; nor did he ever have
a pang produced by hunger. Why /:
1t that men of his type are called ir
to pass Judgment on the common
herd? Did God endow him with thu
wisdom OF Solomon, or is it because
they think he will find against thu
banking corporation of the U. S. A
In order to keep pace with the in
creased demands for money and tn,
increase in the population of thi
country, we need at least 10 times a!
much money as we now have. How
are we going to get it if we don
make it? The Constitution say
Congress shall coin money. and reg
ulate the value thereof, and declar,
the value of foreign coins" and thanl
God, that Constitution Is in full fore
and effect.
Now, If the congress should decid
to use this power and, to say tina
we shall have at least 10 millions o
silver dollars coined each and ever,
month; or, better still, that we hav,
free and unlimited coinage of silver
is it not true that then, in this case
silver bullion would have no CONNER
cial value other than it's monetar,
value? What man would sell his sill
yer for 30 cents per ounce, the pre-
vailing price, if he could have i
coined into silver dollars, which
would be worth 100 cents to the dol
lar. If that was to be done it woult
mean that the dear bankers woult
have to corner that silver money toe
and what a devil of a job that woult
be. They now show that they owl
every dollar in the u. S. A. and, o
course, if you get one from them 70,
will pay the interest on it at the pre-
vailing rate, so they are safe so ia,
as this gold money is concerned. Her,
is the bankers sworn statement: cap
ital stock paid in $500 ,4l9,0 900: sur
plus and undivided profits, $6,123,
8o3 900; loans. $40, ACC, 670, 900: deposits