, 1935-03-31
JOHNSON aims
money never accurately reported
nor accounted for"
CONTINUED from Page one)

money never accurately reported
nor accounted for"
He condemned the Utopian
money system. embodied In the
Nye-Sweeney bin fostered BY the
priest-"h q nonsensicai monstro-
sity ever flowed from the pen Of
man. this Is It. This plan for which
Father Coughlin has been taking
tens Of the thousands Of dollars
from the poor Is no plan at all"
He branded the Catholic priest as
cowardly an his previous attacks
This Ruileless follower Of the Gen.
have heaped his desk with gossip
about my private life but he dis
dams to use Il. OF course by that
remark alone. he did use 10 I'm the
most ~cowardly way ne could have
used IL. That was TO be expected"
Building Fascist Order
He accused the priest of nurtur-
ing a growing belief that the Cath
Ole church Is deliberately and
subtly building In the United States
a fascist order in which the church
and state are one. 10 the exclusion
Of all other political and religious
beliefs.
Now I know that not one word
Of that Is true but as a lover Of the
mother church OF all churches, I
want to say that that opinion Is
growing rapidly throughout this
country and II Is growing because
Father Coughlin makes Il grow.
he continued.
Senator Long-the third side Of
the trianale-did not escape un-
scathed. but the general declared
that between the two pied Pipers"
he favored the "Kingfish."
II prefer Huey Longs fortnight
bunk" he declared.
That johnson intended his attack
as the attack to end attacks he
left no doubt.
At the opening Of his talk he
said. Il must try, rs far as / can in
IS minutes. TO answer their so-call-
ed arguments. Then I have another
Is minutes for one Parthian CULVER
In answer 70 their shots nj me and
I am done with this controversy"
Early in his speech johnson
launched his broadside on the
priests conduct Of his union Of So
cial justice and the monetary sys-
tenn which 1t supports in the Nye-
Sweeney bill.
OF these Johnson said.
Father Coughlin SAYS that the
Nye-Sweeney bill is his cure for
the ills our country suffers. It Is
for this that his union Of social
Justice lives. For this he takes.
from the pennies OF the poor, much
money never accurately reported
nor accounted for. III this bill Is a
blessing 10 them. 1t Ia important 20
know Il. For II II is nothing or n
curse. how can he escape Pollock's
condemnation:
HE was a man
Who stole the livery OF the court
Of heaven
To serve the Devil In
With one hand. he put
A penny In the urn OF poverty
And. with the other. took q shll-
ling out"
Johnson turned TO ridicule as he
discounted the benefits OF the pro-
posed monetary system. which he
said would set up a board OF one
politician from each Of the as states
with unlimited power to order the
printing Of funny money"
The board calls In and destroys
all existing money. giving magic
money in exchange. II buys all
Federal Reserve banks with this
new kind OF money al a price fix
ed by the bill" he continued.
"All the banking business In the
United States is Just put under It's
regulation. One hundred per cent
OF the money I'm all bank checking
account Ia transferred 10 this board
In funny money and this board AZ
once uses 1t to buy United States
bonds.
Then comes the real magic. All
the statisticians Of the government
are TO be herded into a great one
ring circus and told to determine
the true and correct relation OF
the total amount Of money in cir
culation to prices. wages. industry,
commerce. the standard Of living,
employment and unemployment 20
the end that the board may "scien-
tifically and accurately determine
what additions to Ctnever subStrac-
tons from the stock OF funny
money must be made-'to main
tain even. stable. purchasing power
and TO promote a constantly rising
standard Of living-unlimited except
by the extent of natural resources
and the willingness Of people 10
work.
Never between the beginning OF
time and the present mile post OF
eternity has the equal Of this been
seen. Exactly how much worthless
money should we print to do eli
the magic promised in the index?'
We'll. al least the promise about
reducing taxation looks bright. You
don't need 10 tax because you pay
the cost OF government by printing