The people's voice. [volume] (Helena, Mont.) 1939-1969, 1939-12-27
BY J. B. BENTLEY

"The American colonies had bee
in the habit, for a number of years be
fore the Revolution, OF issuing wha
were then known as Colonial treasur
notes: the notes were made receive
able by the several provinces TO
taxes These Colonial notes bein
adopted by all the Colonies led to al
unexpected degree of prosperity, 81
great that when Franklin was brough
before the Parliament of Great Britial
and questioned as to the cause of thu
wonderful prosperity growing up IL
the Colonies, he plainly stated tina
the cause was the convenience they
found in exchanging their various
the paper money which had beer
adopted: that this paper money was
not only used in the payment of taxes
but in addition it had been declared
| legal tender. After Franklin explained
| this to the British government as the
real cause of prosperity, they immedi
ately passed laws forbidding the pay
ment of taxes in that money.
"In 1862, the creditors of the United
States, the bank of England, sent the
following circular to every bank in
New York and New England Slavery
is likely to be abolished by the war
power and chattel slavery destroyed.
This, | and my European friends are
in favor of, for slavery is but the own
ing of labor and carries with it the
care for the laborer, while the Europe
an plan, led on by England, is the
capital to control labor by controlling
the wages. THIS CAN BE DONE BY
CONTROLLING THE MONEY. The
great debt that capitalists will see
to it is made out of the war must be
used as a means to control the volume
of money. To accomplish this the
bonds must be used as a banking
basis. We are now waiting for the
Secretary of the Treasury to make the
to congress. 1t will
not do to allow the greenback, as it is
called, to circulate as money any
length of time, as we cannot control
that
In 1872, the ring of bankers in New
York sent the following circular to
every bank in the United States:
Dear Sir: 1t is advisable to do all in
your power to sustain such prominent
daily and weekly newspapers, especial
ly the agricultural and religious press,
as will oppose the issuing of green
back paper money, and that you also
withhold patronage or favors from all
applicants who are not willing to OPP
pose the government issue of money.
Let the government issue the coin and
he banks issue the paper money of
he country for then we can better
protect each other. To repeal the law
creating the national bank notes, or
o restore the circulation the govern !
nent issue of money, will be to pro-
tide the people with money, and will |
therefore, seriously affect your individ-
lal profit as bankers and leaders. See
our congressman at once, and engage
lin to support our interest that we
nay control legislation
"In 1893 the bankers in New
york sent out the following circular to
very bank in the United States:
Dear Sir: The interests of national
ankers require Immediately financial
sgislation by congress. Silver, silver
certificates and treasury notes must
e retired and national bank notes
pom a gold basis made the only
honey. This will require the authori-
alton of from $5OO,OO0,OOO to $1,000
100000 of new bonds as a basis of
regulation You will at once retire
ne-third of your circulation and call
/ one-half of your loans. Be careful
} make a money stringency felt j
mong your patrons, especially among {
lfluential businessmen. Advocate an
xtra session of congress for the re- ,
cal of the purchasing clause of the
herman law, and act with the other
anks of your city in securing a large |
etition to congress for it's uncon- i
tional repeal, per accompanying |
'rm. Use personal influence with l
and particularly let your c
ishes be known to your senator's \