Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-11-30
Malta, Ohio,
November rs. 1888.

President of the United States,
Washington, D. c.
Honorable Sir:--I have the honor
of addressing the president, rela-
tive to the Finance and Prosperity
OF the Nation," and more particu
larly in reference to our "Money
System sound money and the Gold
Standard Fallacy, and the cause and
cure of this depression.
Were we living in the age of SUI
perstition. as for instance, some
two thousand B C.I would have
gone up into the mountains and pre-
pared this letter, as did Nose es the
tablets. and | would present same to
you as the word of God, or at least
present my prescription as an In
spiration,' possibly | would have
had a vision, and these truths
would have been revealed to me,
but owing to the fact that education,
knowledge, science and experience
has spread a blanket of doubt over
such claims and revelations, | will
try to restrain and control my
imagination and only report facts
as | see them.
As a VIZ ter on economics, I can
not be clasaed as one of the Brain
Trust" / am not even a college pro
fessor and my grammar will often
bear criticism. butt it has been said
that 'Expertenc begets wisdom" ;"
and what wisdom / have. was gained
by 60 years Of experience to which
! have added some knowledge by
reading the history and experiences
OF past generations I have an in
curing mind, | am a thinker and
modernist. I am not good Demo-
crat and | am not good Fepubi-
can, TO say that l am, would be to
admit that | am a fool, for it has
been said GA wise man VIII change
his mind but a fool never" At the
moment | am a Democrat, because |
believe III the principles of the N.
r A
l believe in the principles of our
Constitution.
1 do not approve Of a Dictator
form of government undar ordinary y
conditions, hut the knowledge I
have gained through reading our
past history leads me to believe we
have been under ID ctatorship'
for many years, THE Dictatorship of
the Money Lenders" and from this
class we now hear the loudest hoWls
Dictator Dictator Die
tator,' but | am getting off my sub
ject, so will start over.
Nature is a true guide, through
and from the book of nature we
study cause and effect. If We are
troubled with a sickness, your doc
tor will make an effort to discover
the cause before prescribing the
remedy, now on that basis | offer
my prescription:
What caused this 1929-1933 de-
pression?"
Your Brain Trust" has not re-
vealed the True Cause"
In looking over some old manu-
scripts in my old scrap book,
found one of the late President
Coolidge's short articles, in which
he approved and eulogized the
Credit and Installment Business"
and I md my notation under this
clipping, as follows:
Easy credit and usury when
combined, will in time bankrupt q
nation and pauperize its citizens
That one sentence covers the
cause Of this depression, and also
answers the question, as above.
What caused this 1929-1933 de-
preston. 4" | will be more explicit
and try to explain how this one SEN
tence covers the entire field.
Usury covers a vast field, and few
consumers realize the effect it has
on the nations pocket-books.
We are told that this depression /
was caused by the Worlds war; the |,
war did not cause this depression, |
this country as whole was more /
prosperous in 1926 than at any time
in our history; we became so pros |
porous that we turned into nation /
of gamblers, and Wall Street and !
International Bankers stripped US /
of our prosperity, but let us hope, I
left US with more wisdom. We have
certainly had an experience, and if
as / have before quoted: Expert |
ence begets wisdom" then we
should be wise to those birds who /
caused our downfall
/ am satisfied in my own mind, !
that this panic was caused by Easy |
credit, Over credit, Usury and the
Federal Reserve Bank, assisted by a
Gold Standard Money System back
ed and controlled by a few rack
eteers, pirates and public enemies
under the guise of International
Bankers"
Even with Cold Standard, of
which / do not approve, if the Fed !
eral Reserve Bank should have been
started las it should have been). as
a government owned and govern
ment operated institution, as a
branch or part of the U. S. treas /
ury, and with the opening of this |