Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-11-30
THE OHIO RAMBLER
tries to assist the Brain Trust with weekly letter
of advice to
Il HI E. PR SID E II L

wealth of the borrowers, made the
legal rate of interest go on all
loans, banks to pay no interest on
deposits, government guarantee
10 depositors on all bank deposits,
provided law prohibiting all forms
Of credit selling to the public, such
as embodied in the practices of the
Installmcnt Business, outlaWed all
tsueh usury swindles as practiced by
Loan Sharks and Finance Corpora
tions, placed the Stock Markets un-
der government supervision to pro-
tect the investor in stocks and in
yestments, placed a 25G tax on all
wealth leaving the United States,
except as in payment for bonafide
imports, this law having specifica-
tions and teeth that would be the
ruination of chiselers, and if we had
at the same time launched the N.
r. A. idea to abolish monopoly and
child labor, q guarantee OF fair trade
practices, a living wage to labor,
protection to the American farmer,
manufactures and producer, and a
square deal TO the consumer, | say,
had these things been done, we
would have had no panic, our gov
ernmcnt would not now have some
twenty odd billion of outstanding
bonds, and there would have been
no shortage of money in 1929, or at
any time To any man entitled to
credit money would be available at
all times at an interest rate( really
a service charge) not to exceed 2ao 3.
We would have had no Stock Mar
ket Collapse, no bank failures, no
bread lines. no farm strikes, and
/ billions Of dollars would now be in
tie hands Of the masses, the labor
ing classes, the farmers and pro-
agcers. instead of being as now in
the hands of the Non-Producer, in
the hands Of those who through
trfckery. corruption, usury and de-
/ ceit have controlled our Money Sys-
/ tenn and have in reality been Die
tators to the American people and
he world ut large; ruined Cuba,
and made rs foreign enemies. Yes,
my dear President, if we had have
Gene the things that should have
been done at the time we should
have so done, we could now forgive
all "War Debts and be today roll
ing in prosperity.
Shortage of money in the rural
sections and throughout the states
caused by the Federal Reserve Bank
calling in loans from member
banks loaning this money to Wall
Street Gamblers as call-money at
high interest rates, and turning Fed
eral Reserve Bank Notes back to
the U. s. treasury and thus putting
money out of circulation, was the
last straw that broke the camel's
back, and the depression was on.
Now let us review these charges:
Easy Credit and Usury when
combined, will in time bankrupt
nation and pauperiZe its citizens"
Our national government is suf-
fering from Usury, but financially
sound; our government is now in
the hands of Receiver" and
when the nation is viewed from the
proper angle, itemizing its posses
SONS as assets, and deducting its
........ittCa, it is "as sound as a dol
lar" in fact it is much more sound
than it's dollar.
We hear chorus of walls com
ing from the crowd that belong to
the non-producing class, those who
thrive on Usury, they say that the
credit of the nation is imperiled by
your talk of initiation; it is not the
credit of the nation that gives them
worry; it is their foundation of
their dictatorship, the ownership
and control of our Money System
that is giving them worry.
Who howls loudest against "Fiat
Money!" The Money Lenders.
What is government bonds but a
form fiat money, and who gobbles
them up and over-subscribes each
issue? The Money Lenders.
If the promise of the government
to pay it's bonds is considered safe
investment by the money lenders,
then why should they worry if the
government transfer that promise
from bonds to money, and let the
general public enjoy the risk?
Again | say, they are not worry
ing about the solYency of our gov
ernment, but they are much wor-
ried with fear that they will lose
the key to the "Kitty''
Possibly the President is not a
Poker Player" and may not know
what / mean by ''The Key to the
Kitty" / will explain
In my younger days, | was a ram
bier, having visited many mining
camps in the far west in the days /
when every town was what is term |
ed as "A wide open town. and ev-
cry wide open town had wide open
gambling rooms, and such games as
Stud and Draw Poker was a social
game enjoyed by all with few ex-
ceptions. 1T was during these west
ern pilgrimages that l learned the
mystery Of "The Kitty