White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1935-02-21
''NATURAL ECONOMICS"
BY Jesse II. Tromanhauser

that it is wealth and a means by
which those in possession of money
may acquire greater wealth through it's
use. 1t is the medium by which all in
dustry is now made possible. 1t is the
very life blood of all achievement in
human affairs and, without its assis-
lance, all creative labor, energy and
intelligence is powerless to progress.
It is arrogant, cowardly and cruel.
| It backs into safety at the slightest
alarm. 1t takes no risks and demands
lures from the sure protection of its
steel and concrete vaults.
It will kill and crush without mercy
in order to save itself from the Slight
est loss and asserts with insolence its
| right to appropriate as it's own all pro-
perty that falls within it's power.
1t restraints men from utilizing their
labor, energy and intelligence until it
| secures control and is assured a large
profit from their efforts. Then, and
only then, will money permit the
| slightest advancement in human well
| fare and comfort.
This is money as it is today and it's
attitude is the result of wealth being
| in the hands and control of private
| owners, having the power to use it
| solely for their own advantage, and
| until this private control is removed,
| money will ever continue to hold the
| human race in bondage.
The interest we are now paying on
| borrowed money with which to con-
duct our national, municipal and pri-
| vate affairs is the cancer that is rap
idly sapping the vitality of our pres
| ent economic system, and if the disease
| is not quickly cut away and removed,
| it will by it's ravages soon crush and
destroy our economic body and bring
| upon the entire world national, inter-
national and private ruin.
| We must have permanent relief from
| the dwarfing effect of interest and
from the unjust and invincible power
of our present mortgage system, and
| our only means of escape is through
! collective control and ownership of all
industrial activities, and by our gov
eminent issuing it's own money for the
needs of the people.
Money issued by the government of
a people is sound money for the good
reason that it is backed by the honesty,
energy and industrial capacity of the
people, together with the productive
resources and natural wealth of the
country and by the existing improve
mcnts of our present-day civilization,
to say nothing about the additional
wealth that would be Immediately Gre
ated by afording all of the people
unrestricted opportunity to work. The
fallacy of having gold as redeemer
back of money is a mirage, merely an
idea, not reality, and the only sound
backing that money can have is the
honesty and willingness and ability of
the people of a nation to pay their
honest debts. The sound money cry of
the present system gold barons is moth
| ing more than unsound propaganda
spread like a smoke screen for the
purpose of obscuring the clear vision
of the people, and just as long as they
can maintain the screen they can and
will control the credit of the people
just as they do today. This power of
control over credit by money in private
hands must be removed and placed
in the hands of the whole people COL
lectively.
Money should not be considered as
wealth nor as means by which great
er wealth can be acquired; money
should be merely medium by means
of which any citizen may exchange his
products or service for the products
and service of all other citizens within
the realm, and when this function has
been performed, money has served the
only purpose for which it is needed
and it must be confined to this narrow
limit of usefulness and serve no other
purpose.
Modern thought acknowledges, be-
yond further question, that wealth is
the product of human labor, energy
and intelligence, and that no wealth
can be created except by the applica-
ton of these human attributes. There
fore, since this is completely true, it
follows that mere money cannot be
considered as wealth any further than
the wealth in the labor for which the
money was given as payment. Money
should be considered only as a gov
eminent receipt for service performed,
and not as wealth itself
Money should be issued only by the
government of people, and should
be distributed by the government to
the people only for labor performed or
services rendered.
1t should be paid to the people only
as salaries to producers and as pen
sions to the aged and infirm, and fur
ther than this money has no other
needful channel of usefulness in the
social or economic life of a people, The
salaries and pensions thus paid would
be spent by the people to procure the
necessaries and luXuries of life, and
with the government in control of all
products the money spent by the peo-
pie would return automatically back
to the government to enable it to meet
the payment of salaries and pensions
on the next regular pay day For this
purpose only do the people of any ma
ton need money medium. All other
social and economic matters need only
the work, energy and intelligence of
the people for their easy and complete