Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1933-02-02
Scrip Currency

Bonds. bonds. and more bonds.
Run into debt, issue warrants that
are not eashable. and then issue
bonds TO get out of the hole. Here
III ptIr great state Of Montana. the
Treasure State We witness the spec
faele af some 81. 500, 900 worth of
unpaid warrants for which IN ef
fort has been made t4 issue more
bonds In addition 10 what we have
HIrs.gsty gone I'm for. Tie same old
rGf. the same old system. and the
same oil bond and interest slavery
There must he a limit. and that Inn
Ii ,erIIs 10 have been reached now,
IL witness the inability If others 70
sell bonds ~ well H. our recent ex-
F.4rienre Iii In,t being able 10 tliSposs
n ssl4r Highway nehentures. Some
~s4TFfi tn # # think fAe4F e4sHl hnrrnA
themselves ont Of debt and back 10
PROSPERITY. bur the old order has
passed.
over across the line in North Da
ksst4 ~. hay recently seeh i most
courageous and progre ssive move Il
Icing made They are getting away
from rhs tfernal bonding and inter
s~f faying proposition, this financ-
Ial slavery. III other words. \ hill
provides for the issuance Of what
they ,aII Bend-turreney by the
Bank IL North Dakota based on the
unpaid taxes. iii denominations of
81. -. SD. ~. This Is made le-
ri tender for payment Of axes and
j. IT, circulate rs other currency. 1t
Will readily net az another medium
III exchange. and the beauty Of it
Will ne the releasing Of Il deadlock,
counts an WsIrratffS. II will be retir-
etI again as taxes are paid. this
works automatically and keeps \
balancing effect.
Under the old system a. we have
ami are nttN experiencing the dec
EEorsiFle situation Of warrants held
By our off .eIals. teachers and other
public servants. our warrants, our
pledges. our word Of honor-yet III
the payment Of taxes they are no
-spttl- III casts Il shadow Of doubt,
sfisrFust. irreSInnsihility on our own
EsaIer nur own obligations. 1t
Aakss public confidence. No good
fer taxeS-what irony. what Il spec
-EaeAe
New He ~pe. i situation where
thousands. se~. millions of dollars
1T these warrants hung up" 1t is
forcing hundreds and thousands Of
dollars from the holders as discount
and II addition piIing UP "A tremend-
otlS mountain IF unnecessary inter
est 1t keeps the state and the
county business in a jam, a financ-
IaI c0rner. and keeps open the OPP
Trsrfunity for extortion and over
bearing expense.
Why should it be mandatory to
receive only caSh-money for taxes
Why cannot one debt counterbal.
anee another within our W busin
@ Uur governments are for ser
Fiee- No profit. Service pays fol
SeEy ft-- anil In the end there is tt
b. ~ dividend to pile up, the SLATE
l. III be clean again. This Is nrac.
tiesslEy q sel%f-contained business
why should an extra medium Of ex
change. called money, be really nee
sssary tn the transaction of on,
state. county and school business.
Why couldn't the warrant giyel
90 the farmer for roadwork, say $5'
and the warrant acconnlatingl,
eaShest for the teacher, Il 800, al
fe applied tn his taxes. $3.50. an,
have it all cleared up. no discount
n9 interest. III penalty and intcres
sn delinquent taxes. Why can't tn
merchant accept warrants and turI
them in on his taxes. the railroad
for FIRE 2hf and turn theirs in fo
taxes Why eonldn't the county ex
change warrants with the state. tn
amt. license. school equalization an
other state payments balanced b
Ehe state tax levy.
III il said that there are over 200
coTnmun ties throughout the Unite
States wh44 are now adopting SON
FORM # scTipt-eurreney. They hay
taken independent initiatives In q
der 10 keep things moving, and
work out of the jam in which the
find Themselves. And apparent
they are succeeding. 1t should wol
ssuf Just as successful as the chez
ing system Of the banks with whit