The people's voice. [volume] (Helena, Mont.) 1939-1969, 1940-04-03

and the subject matter discussed, to
how many more of them are coming
out, that haven't showed up yet 1t
so happens that the writer has heard
all of them, except one speak to the
public on various occasions. To my
knowledge SO far, am thinking about
voting for one of them The one /
am thinking about voting for lives in
Montana. l assume that the readers
of the Peoples Voice will take plenty
of time to act on where to cast their
vote. AS it is early yet and plenty of
time to investigate and review this
grand and glorious army, then per-
hays we can cast our vote in the right
direction. In conclusion, may l say,
after the grand mardi gras is all over
this fall you may hear from me again.
"A reader of the Peoples Voice, Hill
County.
Dear Editor:
Do you know what causes panics
and depressions Do you know why
farm values fell from Sc billion dol
lars in 1920 to "a billion dollars few
years later? Do you know why 1,500,-
900 farmers lost their farms by fare
closure? Why the 100000 unem-
ployed lost their jobs? Why IS per
cent of our people are living below
the American standard of living? Why
one-sixteenth of our population de-
ponds on WPA alone for the bare
necessities of life, besides those who
are on direct relief and various other
kinds of doles? Why a great nation
is losing it's democratic form of gov
eminent?
If you would like to know, the an
swer can be found by reading actual
facts about the Crime of 1920, which
caused our nation to go bankrupt,
secret meeting in the Treasury Build
ing in Washington. Free literature on
this will be sent you on request by the
Constitutional Money League of AM
erica, non-partisan, non-profit, nom
political organization, Washington, D.
G. Binderup.
MONEY REFORM NEEDED
Our greatest economic need Is a
sound money system.
By money we mean that which Is
used as medium of exchange. Cur
rency and coins in circulation are but
a small part of the money used in the
United States The greatest bulk Of
money consists of bank checks, in
reality bank credit, for the amount of
bank checks far exceeds the total
amount of money in existance.
A certain amount of money is need
ed to transact given amount of bust
ness. The ratio of the total amount
If money in circulation to the annual
national income has been found to
De one to three. So reports Robert
4. Hemphill, former credit manager
If the Federal Reserve Bank Of At
anita, in the February 1910 issue Of
Money Advocate.
In 1929, there were 81 billions Of
dollars in circulation, and the national
income was 81 billions, just three
lines as much. In 1882, there were 16,
billions of dollars in circulation, and
he national income was 48 billions.
Since we have plenty of raw ma
erial, plenty of factories to prepare:
he products for use, plenty of man
lower, and plenty of need for the
inished product by great majority
f the people, all that is lacking is
efficient amount of medium of ex--
hange.
Increasing the amount of money I'm
REGULATION would supply the much
eeded purchasing power by the.
eople. This would speed up industry
nd give employment to the idle.
The total amount of money in cir
ulation has direct bearing upon all
rices which are not fixed by monopr.
lies
When there is large supply Of
loney, farm products will command!
high price. When there is a short
ge of money, the value of money
ill be high in relation to other COM
oddities. One dollar will then buy
lore wheat. The price of wheat will
lerefore be low.
The issue and control of money Isl
ne of the prime functions Of govern
ent. The Constitution of the United
tates gives this right to Congress-.
Congress shall have power to coin
oney and regulate the value there
)"
If the Constitution were observed, a.
onetary Board would be appointed.
hich would be directly responsible
Congress. Members of the Board!
ould be subject to recall If ever the,
oard failed in it's functions to keep,
e nation supplied with the proper
mount of money. This amount must
neither too large nor too small. The
mount of money required increases
it'll the increase of population and in
Istry. By keeping informed on the
onthly or weekly reports of the
nix clearing houses, any required in
ease or decrease could easily be de-
rmined.
If the prices of products are too low
lille people are still in need Of food
d other necessities of life, more
oney should be put into circulation.
lis should be done without borrow
3 and adding additional burdens Of
crest and taxes.
Whenever necessary, the government
uld easily put more money into cir
lation by issuing new money to pay
vast expenses, such as salaries, old
e pensions, etc. The government