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

wealth, as it is under our present &C.
onomic system.
Why do people hoard money? Chiefly
for the purpose of providing protection
for declining years. But if old age is
guaranteed safe and positive protection
by a new economic system, the neces-
sity of the individual to provide protec-
ton is entirely removed, and boarding
against the rainy day, as we do now,
would constitute damage and not
safety, as the hoarder would be deny
ing himself Of the benefits to be de-
rived from using his money as he goes.
There is, however, in the makeup Of
many people strong tendency to
hoard, while in others the desire to
squander is predominant, and, while
both are Objectionable, yet, under the
Natural Economic System, the profit
gate spender would be the most useful
to industry and to society, for by
! spending he keeps his money in circu-
lation, while the hoarder retards in
dustry by not buying, and since men
are always most prosperous and happy
when industry is at it's peak it is, there
fore, very important to maintain in
: dustry at it's highest possible limit and
to accomplish this desirable object, the
whole people must be consuming to
their limit and spending their money
freely as they go.
In order, therefore, to prevent hoard
ing and to compel money to keep in
continuous circulation, money would
have fixed period of value, that is,
it would be good for, say, two years,
after which time it's value would be
automatically cancelled and a new
series issued and all money remaining
unspent in the hands of the individu-
al after the date of expiration would
be loss to him, as it would not be
redeemed by exchange for money of
the new issue. 1t would have to be
| spent during it's own period of value
In this manner boarding would be
Improbable and the accumulation of
/ excess wealth made absolutely impos-
sible
Silver, nickel and copper money
would be used for small change pur-
poses, just as now, except that it's per-
iod of value could be longer than for
paper money, but less than the wear
ing value of the metal in order that
its date and value may still be clear
and distinct at it's time of expiration.
Paper money in certificates of one two,
five, ten, twenty and fifty dollar bills
would be all that is necessary to con-
duct our economic affairs under the
Natural Economic System, for the rea-
con that the exchange of money would
be confined to the payment of salaries
by the government to the people, and
to such minor transactions as might
take place between one Individual and
another arising from the sale and pur-
chase of personal property, but there
J could be no larger transactions between
individuals as is possible now, for the
1 reason that the government, being the
employer is therefore, in control of all
industry and products.
All persons engaged in household, in
ustrlal, professional, educational exec
utlve or other occupations rendering
public service would be paid an ade-
quate salary for such service, and the
salaries would be graduated in the ra-
ito of value to the work performed
The farmer and his assistants, the
manufacturer and his Workmen, the
architect and builder together with
their mechanics, and the multitude of
other workers who jointly and collec-
lively carry on the affairs of our in
dustries and of daily life, would all be
paid a salary by our general govern
ment from money issued by the gov
eminent on the credit of the resources
OF the people and of the country Pay
ment would be made in cash, just as
at present, except that the national
banking system, through it's local
branches, would have supervision of all
| transactions in the interest of the GOV.
eminent.
The products of the farmer and
manufacturer, together with those of
the lumberman and miner, as we'll as
those of all other producers, would be
the property of the people, controlled
by the government for the benefit of
| all, and no part or particle of industry
would be owned by any individual or
corporation, as now.
The prices of all commodities would
be fixed by the average cost of pro-
duction, and there would be but slight
variation of costs from year to year
and the prices of many commodities
could be fixed definitely and remain
stationary during long periods of time.
There would be no cutting or raising
of prices for individual advantage, as
there is now. Prices would change only
by government action, and depart
ment would be created by the govern
ment to regulate prices and salaries in
proper relation to each other.
The salary of each individual would
depend upon his or her utility and the
position occupied. Salaries should be
graduated from the minimum up, and
the lowest salaries paid would provide
the recipient with all of the necessaries
and comforts, and at least some of the
luxuries of life, while the maximum
salaries would not be in excess of what
is required for proper dignity and COM
fort and a reasonable amount of lux
ury in correct proportion to the posi-
| ton occupied by the individual in the
affairs of private or public life. A min
imum salary of, say, 500 per month
would be fixed by law and no indi-
vidual serving in any capacity would
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