White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1935-02-28

Upon the credit of our people and
ment should issue it's own money, and
not delegate to private banks the priv
ilege of providing our currency as we
now do. This is not private function.
1t belongs solely to the people as a
whole and its exercise is vested in the
peoples own government and nowhere
else. This then, should be our domestic
currency for exchange in the daily af
fairs Of life, while gold should have a
fixed value throughout the entire world
and be used solely for balancing in
ternational accounts, free from the ir-
ritation of f1uctuating exchange that
exists between nations today.
These measures of money value ap-
ply to every nation and people upon
the entire globe, and if the people of
the various nations of the world were
to base their credits upon their own
resources and not upon metals, they
would soon be able to lift themselves
out of the distress and poverty which.
they now endure. But while making
this statement it must also be born
in mind that these benefits can be Sc
cured only through the surrender of
all industry from private to public
ownership to be conducted under ma
tional or government control
The basis of all human industry is
the great consuming public; therefore,
the fact of the existence of a people
making industry necessary gives the
people, naturally, an interest in the in
dustries which their needs create. I'm
der our present system, industry is con-
sidered to be the personal property of
those whose capital is invested in the
conduct of the industry, and the work.
men and great consuming public are
not supposed to have any share of
ownership. This conception is not in
accordance with natural law for as all
are dependent upon industry for exis-
tence, it certainly follows that all are
partners in the affairs of our general
material welfare and are, therefore,
justly entitled to joint ownership
To bring this system into practical
operation will not produce harm or
hardship for any class or individual.
But, on the contrary it will assure all
perfect security and comfort through
out the entire period of life, and while
UAAOAC AAI4oC 1lCCCood1uy NC SOIllt Bc1lIdl
dwelling of society, there would be no
injustice inflicted upon any.
In any proposal to inaugurate new
system of economics, the questions at
once arise, "By what methods of opera
ton will the new system be carried
out?" and what are the details of the
scheme?" These questions are entirely
reasonable and they demand a full
and complete explanation as we'll as
clear statement of what effect the
change would have upon our individ-
ual and collective welfare In answer
to the questions an effort will be made
here and now to give a clear and lucid
general outline of how the system can
be carried out and also it's effect upon
the life of the individual and upon the
welfare of the masses as whole.
1t is fact that in changing from
our present economic system to that of
new order there would be but Slight
departure in detail from many of the
methods now common to our daily life,
and the main and most important al
terations would be that all general in
dustry would pass from private control
and profit into the control and owner
ship of the whole people, and our
money or currency would be issued di-
rect by our government and not by
and the country and, now that we have
the money, we must use it to derive
any benefit. We would, therefore, all
get to work and earn our salaries,
which would be paid to us by our gov