White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1935-03-14
''NATURAL ECONOMICS
Continued
By Jesse H. Tromanhauser

1t therefore becomes necessary that
the government shall pay the workers
with money certificates with which the
worker may purchase, at his pleasure,
such supplies as his needs required, just
exactly as we now do, except that the
element Of private ownership and profit
has been entirely removed from the
goods, thereby assuring to the individ-
! ual worker the highest possible return
| for the work he has performed, as all
| goods would be sold to him at their
actual cost prices.
This matter Of convenient exchange
! Is the only need for money, and gov
eminent certificate represents the
| wealth that has been produced by work
performed more truly than gold. When
| the goods have been consumed the
wealth has disappeared and must be
| reproduced by work, just as before, and
so on as long as the human race ex-
lists. All materials are produced by ma
ture through the earth that we in
habit, and their cost to us is the work
we expend in extracting them from
the earth Since the earth is the Gre
ator's free gift to all men alike, it fol-
lows that, since the materials cost us
|
of all human production, which also
means that it is the true and only
| standard of value in all of human af-
fairs. Al others are false and spurious
and must be eliminated before our
smoothly, undisturbed by peaks of false
prosperity and then an abyss of bot
tomless depression such as we are hav-
ing now.
It has been previously stated that
compensation would be made for all
property taken over by the people from
the present private owners; also, it has
been stated that, in making this adj
be considered-capital and labor and
that of the great consuming public
Without consumers, industry cannot
exist, and without labor, industry can
not supply the demand Therefore, all
three, capital, labor and consumers, are
jointly interested as the natural own
ers of industry, and for the purpose of
adjustment it is reasonable to assume
about equal which means that the
present owners of stocks and bonds in
our various industries would be entitled
value of an industrial plant and its
equipment as it stands today. There
fore, the private owner would be cred
tied for his full third interest ana
payment made to him in the money
of the Natural Economic System in
lump sum or in annual installments, at
the pleasure Of the citizen himself 1t
would, however, not be desirable for
I IF +N wit n
their services, for the good reason that
every trained mind and hand will be
needed to carry on the industry and
the loss of their experience and skill
would prove serious temporary in
jury, which should be avoided by re-
tention of all executives and worklnen
just as and where they are now en-
ployed
While it is the intention of the Ma
tural Economic System to compensate
individual owners yet it is not the pur-
pose to pay more than limited am
cunt to any individual, corporation or
other organization, and it is not the
intention to reimburse the great bank
ing houses or other institutions now in
possession of vast sums of money to
the full limit of their present holdings
should they exceed the fixed amount
allowed for redemption The Natural
Economic System will not reload the
debts and burdens of our present sys-
tenn upon the backs of the people be-
yond reasonable and easy amount to
carry, and the only justification for as
suming any liability whatever is for
the purpose of avoiding the disagree
able features of absolute confiscation,
and not because the claims of money
have any real justice back of them.
Therefore, all persons, banks or other
institutions now holding reputable in
dustrial stocks and bonds, and those
having money now on deposit with
banks or elsewhere, will be entitled to
redemption Of not more than a maxi
mum Of say, two hundred and fifty
thousand dollars, to be paid as herein
previously stated, and all holdings less
than the maximum limit to be paid
In full but all holdings in excess of
the maximum would not be redeemed
by the people and would cease to have
any further value to their holders.
In the transfer of industry from pri-
vate to that of collective ownership
the questions arise: What of the farm
er and his land; the manufacturer and
his plant; the merchant and his ware
houses full Of goods; the small shop
keeper and his wares; the miners of
metals, coal and other mineral pro-
ducts; the gas and oil well industries,
and all the other activities of the peo-
pie as they stand today?
These questions are pertinent and
reasonable and demand full and salts
factory answers. Therefore, an effort
will be made to present in clear out
line the general principles of the Ma
tural Economic System as applied to
the industrial and other occupations of
the whole people.
All land now occupied by farmers,
manufacturers, corporations clubs,
hospitals, homes, schools, churches, and
every other type of human activity,
would automatically revert from pri-
vate to public or collective ownership
~~~~~>~~~>cc>o--o~~>o~~