White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1935-03-07

necessity of having our money backed
by gold to give it value, and just so
long as we continue to cling to this
heresy, we need not hope for deliver
ance from the bog into which we are
slowly but surely sinking to our DOOM
The country and its people are the
security back of their money and as
both land and population are perma-
nent factors of value, money based up
on them is, therefore, absolutely sound
The absurdity Of borrowing money,
as we now do, upon the national credit,
and at the same time refusing to util-
ize our credit to produce our own
money which would be backed by the
exact same credit upon which we Sc
cure loan, is method that is stupid
and costly in the extreme and wholly
unworthy of the advanced age in which
we live.
Money, through ages of continual
use, has come to take unto itself the
idea that it is fixed and permanent
institution upon which all human in
dustry must depend for existence, and
having this notion or complex of it's
own Importance, it has assumed au
thority over human affairs which can
be no longer tolerated or endured.
From this bondage humanity must be
liberated, and money must be taught
that work and intelligence are SUI
preme, and that money is merely a
medium of simple exchange between
work and the necessities of life, and
not concentrated wealth. as it is now
supposed to be.
Work is wealth. Therefore, when we
work we need simple medium by
which we can change our labor into
the necessary food and clothing we re-
quire and, when this function has been
performed by money, it's purpose has
been fulfilled and it must be confined
to the limits of medium only and
cease to be considered as means of
acquiring wealth by control of our in
dustries and through interest charges
for it's use. The power and cowardice
OF money is solely responsible for what
we are pleased to designate as depres-
sion. Money takes a chill and backs
into it's steel vault, where it feels safe
and comfortable, and remains there
snug and warm while industry stands
helpless and powerless to move until
money sees prospects for big killings
with perfect safety to itself Then, and
only then, does it come into the open,
while in the meantime we fight and
fume because we are hungry, yet we
fail to fully realize that we have, right
within our own hands, the power of
work, which is all we require to pro-
vide for ourselves all that is necessary
for our complete comfort and welfare.
The productive capacity of men
must be afforded the opportunity to
produce, free from the embargo which
our present money system can place
upon industry. Therefore, new money
system must displace the system now
in use, and money must be confined
to function only as medium of ex-
change between work and the neces-
saries of life And to prevent from
ever again becoming the means of ac-
quiring wealth as it now is. money
must have a short time value and not
good forever as is the case with our
present system of money
Let us suppose the people of ma
ton to be working collectively to pro-
duce wealth, and when the labor has
been performed, the wealth has been
produced. Now, let us suppose that the
people have been working for them
selves under the control of their own
government and that the wealth pro
duced is to be distributed back to the
people by their government. at such
time and in such form as each mem
Der of society may require.
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