["REV. CHAS. E. COUGHLIN", "P. O. BOX 150", "DETROIT, MICH.", "MAR27", "4:30PM", "1934", "32", "REPORTE DE DESTAÑERIA", "1\n2\n3\n4\n5\n6\n7\n8\n9\n0\n1\n2\n3\n4\n5\n6\n7\n

or col/ will get past the censors.

Of course you ought to be relayed / but Monty Norman's brother
is in the B/B/C/

Hope my purb/ will put Chap. XXX of my Jefferson/ and/or Mussoli
within yr/ reach.

etter send the printed matter ALSO to
E. Charpentier, 8 rue de Choiseul. Paris 2me. France.

That shd/ reach Duboin and the Grand Releve crowd.

A european echo shd/ gradually drift back to U.S. and
tighten the resonance.

One of the Archbishops" Assist. al Soglio Pontificio " was here
last week, vaguely wondering.. I was able to cheer him
by my opinion of yr/ work.

DIRECT approval. I had no idea of the extent to which
they want to keep out of politics.

Naturally they cant give you and

Dear Father Coughlin

If the "paper" referred to in Larkin's letter
is a DAILY, that is great news. Xyn/ Science Monitor
is not sufficiently Christian.

I am writing this to point out that Odon Por is
that very RARE BIRD and outsider who has been asked to
write on the Usservatore Romano. Tremendous journalistic
experience and best writer on Econ/ in Italy.

He is in close touch with the Archbishop of Costanza
( Mons. Pisani ) who is very fine old chap. apart from being
" Archiv. Tit. " etc. ( abbreviation as used on his own stationary )

Whatever you get as European staff you ought to have Por
as Roman correspondent.

I hear that Chris. Hollis has been put on to " advise
Roosevelt on all matters concerning catholics ". Hollis
is lively writer , but ERRS at start of Two Nations ,
stabilization red herring/ talks of prices being stable for
two centuries when they were STEADILY DECLINING as measured
in metal.

30 pages in two letters from McNair Wilson, show

show his non-acceptance of Douglas Soc/ Credit are due
to grave misunderstanding of what Doug/ proposes.

Larkin's letter to you ( copy recd/ here ) of 5 Feb.
seems to me most admirable and utterly CLEAR statement.

As I have no DIRECT information re/ Aberhart I don't know
WHAT he is up to/

and have no means of knowing what he is
up against. ( I suppose it's the WORKS )

I am for whichever we can get FIRST
I.E. straight soc/ credit

a blend of Soc/ Cr/ and Gesell

and/or canonist economics in some form.

ALL three are against USURA.

and most of their followers utterly careless about
distinguishing USURA from PARTAGGIO. Douglas DOES it,
but the terminology is different.

ANY nation or province that break the bank's stangle hold
HELPS every other nation and province.

more power to yr. Elbow.

30 May

Dear Father Coughlin

I think yr/ book ( "ectures on S/J/ ) is
a damn fine book, and hope my editors will soon permit me
to print my opinion.

If you want listen to me, will you consider the
points of agreement between a group of Douglasites and
Gesellites

who are out to get the economic truth, regardless
of tables ?

Fack and E.S. Woodward see possibilities of a basic AHG
agreement. Fack has put the national dividend on his front
page ( though not in final form )

Whatever I have done or been unable to do/ TERMINOLOGY,
and yet again TERMINOLOGY, muddle of centuries from
confusion of

USURY with the INCREMENT of ASSOCIATION.
Property is NOT identical with Capital.

We must hammer those dissociations of ideas. As priest
you must have HHHH had more training in that sort sort
of mental work, than is given in a messed post Calvinical
laity.

Chesterton was here a few days ago. He had no objection
to anything of mine had seen on econ/ which don't mean he
had gone Douglasite in DETAIL.

the OTHER half..etc.

With a minimum of honesty, he would move to :

The WHOLE people must be able to buy what the WHOLE people produces.

Bill Woodward ( distinct from A.S.W/ ) says Frankie KNOWS this
second step to be true... but the heart, faaather, deh HEART is not in it.

Dont foregt "esell. Has anyone a shorter
cut/ or a more comprehensible proposal than national dividends
in stamp scrip ?

nut/ div/ IS share in the profits ( of the
whole heritage of mechanical invention, and general knowledge.

NO ONE MAN4S right or possession.)... if the communists had
directio voluntatis toward righteousness, they wd/ see that
that is the sole commonism feasible in an already industrialized
civilization.

and the tax ON THE MONEY ITSELF, instead of
having it on every natural function, every act of nutrition
solves a great deal of the " rest of the problem ".

( the cancellation worry, and the complications of
Doiglasite discount, accounting, etc/etc...

AND the PEOPLE can understand it.

More power to yr/ elbow.

REV. CHAS. E. COUGHLIN

ROYAL OAK, MICHIGAN

November 25th, 1935

Glad Zoeller
Buffalo, N.Y.

My dear Friend:

I am highly pleased to learn that you are interested
in the money question.

Of course, newspapers do not print this story because
newspapers, as a rule, depend chiefly upon their advertisers for a
living; the advertisers, in turn, depend upon the bankers for their
financing.

You can rest assured that the series of depressions
which have marked the history of America, especially since the Civil
War, will be multiplied in the future in their frequency unless we
restore to Congress the right to coin and regulate the value of money.

Social justice is impossible without this first step.
It is a sovereign right of our people without which economic liberty
cannot exist.

The National Union is bending every effort towards this
goal.

I am enclosing five application blanks for memberships
in the National Union. Will you be so kind as to use them in your
own family or among your friends? By sheer force of numbers and by
concentration of effort we can elect only those Congressmen and Sena-
tors who will coincide with our views instead of the views of the
great lobbies of wealth.

Assuring you of my deep appreciation of your generous
contribution, I am

CEC:DR

AND the banks.

This SPLIT, parallel to republican extreme
left and right,

MIGHT by a miracle give Borah a chance
to ACT on an honest policy. I heard from the senator
two days ago. He is sound of the league of nations being
tool of London.

Write to him AGAIN. He oughtn't to neglect
14 million votes, which you and DeKruif plus Larkin and
the credit reformers ought to be able to bring him.

Though 14 million aren't ENOUGH.

Jan
3rd
1936

Rev Charles E Coughlin
Royal Oak, Michigan

Dear Father Coughlin

Many thanks for your letter
of December 30th. I heartily reciprocate your
good wishes for 1936. Moreover it is especially
pleasurable to wish a happy and successful New Year
to one who is so wholeheartedly engaged in con-
structive action to make the wish a fact for
millions suffering under the lash of monopolistic
dictatorship over money.

In answer to your request
for information as to what is really taking
place in Alberta, the situation there at the
present time appears quite hopelessly muddled.

For the most part, I think
the key to what has developed seems to lie in
Mr Aberhart's own character. He appears to have
been sincere and well-intentioned in his efforts
to abolish poverty in Alberta. Emotionally he
is a good man but unfortunately he lacks the
practical business experience necessary to a
workable understanding of economics. His own
adaptation of Douglas' Social Credit reveals
this fact.

As you know, Aberhart
inherited a bad financial mess when he took
office. By means of this the money power began
immediately to obstruct his plans, attempting
to pervert his ideals and to create discord
between Aberhart and Douglas. R J Magor, who
was instrumental in mortgaging New Foundland
to the banks was sent "To assist Mr Aberhart
in arranging the finances of the Province of
Alberta." Mr Aberhart claimed this was a
necessary step before definite plans could be
formulated by Major Douglas.

-2-

The situation has also been further complicated by conflicting interpretations given to Aberhart as to the ability of the Province to control its own credit under existing banking legislation. It is my understanding that his own Attorney General has assured him this cannot be done. The object of orthodox finance is of course to prevent Mr Aberhart from monetizing the Real credit of the Province since this would mark the end of their credit-monopoly. Meanwhile they aim to make him an object of ridicule.

In the midst of these conflicting pressures Mr Aberhart lacking the qualifications of business and financial experience has been forced into a position of double-crossing those best qualified to help him. Under the circumstances I doubt that Major Douglas will return to Alberta. The money power has the situation there sufficiently under their control at the present time to prevent effective Social Credit action. The New Zealand victory of the Labor Party offers Douglas a much better opportunity to demonstrate his own Social Credit Proposals.

Mr Aberhart, as you know, has falsely attached to his own particular scheme the label "Social Credit."

The plan he has advocated is open to the same criticism as that of Dr Townsend altho Social Credit could make the Townsend plan practical. Aberhart's thinking shows the same misunderstanding of the velocity of circulation of money and the destruction of credit-money by the banking system, the same lack of realization that the true cause of the chronic shortage of buying power is the inability of modern industry to distribute via salaries, wages and dividends, sufficient buying power to enable consumers to purchase its total production. Apparently Aberhart never really grasped the meaning of what Douglas has proven and I can show you in any business operating statement; that buying power lags chronically behind prices and the gap must be closed by simultaneously lowering prices and increasing buying power with Real Credit monetized free of debt. Borrowing cant accomplish this. Real Credit belongs to the people and it must be monetized by the Government. Aberhart's so called "Just Price" is simply a price-fixing scheme, not comparable with Douglas' scientific Retail Discount.

-3-

As things are, Aberhart
is to be pitied more than condemned. But there
seems to be almost no chance that any form of
real social credit will be actualized in Alberta.

I note that Mr Brougham
has made use of your name in his statements
concerning his introduction to Mr Aberhart at
Royal Oak. I think you ought to know that
Mr Brougham's release of a plan to the Press
in Alberta was done against my advice and with-
out the approval of Major Douglas. Mr Brougham
also used my name in connection with this plan
when I had specifically requested him not to
do so. Furthermore Mr Brougham is not an offi-
cially designated representative of Major Douglas.
He acted in these matters on his own initiative.

My action in writing you
thus frankly should of course remain a matter
of confidence between ourselves.

Should you desire further
information I shall be happy to be of service
to you.

With all good wishes and cordially yours

JCL:Z

C O P Y to Ezra Pound

Rev Chas E Coughlin
Royal Oak MICHIGAN

January 31, 1936.

Mr J C Larkin
680 Seneca St
Buffalo N Y

Dear Mr Larkin:

I have been hearing reports from Mr Aberhart and his experiment in Alberta. Your letter confirms them. However, I think it is high time that your interests among your Social Credit friends consider that the function of the government, among other things, is to issue money. Governments should not lend money because lending money is the function of privately owned banks.

However, Mr Aberhart has lost sight of this basic principle.

It is regrettable that such a fine person as yourself publicly gave support to Aberhart. It is only a matter of time before he is eliminated.

I am asking you to get a book known as "Money Creators" published by the Sound Money Press, Chicago, Illinois, under the authorship of Gertrude Coogan.

Miss Coogan is coming to work for me next week and will be identified with our editorial staff. She and George LeBlanc, together with T A Robertson will note and complement the work of Lewis Ward. They will act independently of him in producing material on banking for the editorial or financial pages in our paper. I mention their names because they are all supporters of the practice of Social Credit in America. Their opposition seems to center around metaphysical principles although it may be at forming a Social Credit society, unsound on account of the American individualism.

Please think this suggestion over and let me have your reaction.

Sincerely yours,
signed Chas E Coughlin

P.S. I have not heard from our English friend for more than a month. When you are writing Ezra Pound tell him my reaction to Aberhart.

C E C

Copy to Ezra Pound

February 5, 1936.

Rev Charles E Coughlin
Royal Oak
MICHIGAN

Dear Father Coughlin:

Thanks for your letter of January 31st.

Let's get straight on Aberhart. He isn't talking
Social Credit. I don't see how he can succeed. He has his
own daffy ideas about velocity of circulation of credit. His
ideas are theoretical not practical. He lacks experience.

Since I last saw you we have issued here, right
in our own business, more than a half million dollars of our
own currency backed by our own real credit. It carries a
discount on goods and services bought from our stores, gasoline
stations and other departments. It brought us a big increase
in business. By experience we know something about money.
Sometime when we can talk I will tell you all about this in detail.

I have consistently pointed out the defects in
Aberhart's plan. I never publicly gave support to his plan.
He has certainly given Douglas a raw deal. Here is an excerpt
from an interview published in the Buffalo Times, Sunday October
6th, 1935:

"While the eyes of the world watch with interest
the radically new experiment to be tried in Alberta,
there will be no more steadfast and critical watcher
than Mr Larkin who believes the United States and
the world face pretty much the same problem as the
western Canadian province, and need - he believes -
a remedy along similar lines."

"It is a business cure for a business ailment," said
Mr Larkin. "As Aberhart has it laid out, now, I do

- 2 -

not see how it can be made to work permanently,
because his proposals are inflationary, but without
a doubt, Douglas can show him what is wrong."

"I mean that if the money is simply handed put
without insuring that prices will not rise, then
you will have a condition that breeds inflation.
Aberhart must make sure that his plan is backed
by goods and services."

For newspaper purposes I soft-pedalled a bit.

Of course it is the right function of the Government
to issue money.

Wealth belongs to the people. By the power of
association plus science, they create it.

So does credit rightfully belong to the people -
not to a few legalized counterfeiters who can create and destroy
it at will. The essence of the trouble lies in the fact that
credit is now monetized as *debt* not as CREDIT. Banks lend what
they haven't got.

The Government, representing the people, must regain
the sovereign power over money issuance specified in the Constitution.

To avoid even the slightest misunderstanding between
us, since our aims and efforts have a common deep root, let me
emphasize that the issuance of money ought to be as the perfect
reflection of real goods and services, nothing more nor less at
any time from any source. Social Credit regards the Government
as the rightful monetizer of wealth and only in this way as the
source of money. The true source is real wealth - goods and
services already existing - available for consumption. Money
merely follows to enable consumption. Goods and services are the
important matters, money their image in society.

Certainly no selfish group of money-minded men,
dealing in money as a thing in itself, can be trusted by society.
They should not be money creators and lenders who get something for
nothing. Neither should the Government be a lender. In a democracy
we have only our Government, which theoretically can be trusted to
keep honest account, without turning money into a separate kind of
unnatural power, making of money a thing it should never be. In
this sense only, as an impartial accountant representing the best
interest of the total public and an agency for determining physical
facts, Social Credit entrusts the issuance of money to the Government.

- 3 -

Then, from an administrative angle also, it is the
responsibility of Government to see that buying power is maintained
on a level with ever-expanding production *without increase of debt*.

The issuance of money should be geared directly to
production and consumption of goods and services. Consumer credit
must be issued as a *reduction in prices* otherwise any issuance of
credit sufficient to overcome the shortage of buying power is likely
to produce inflationary rise in prices. Douglas' principle of the
National Credit Account and Retail Discount is the only sound
proposal I know of to accomplish this.

I know of Miss Coogan's excellent work. Ray Warren
of the Paul Revere's in Chicago told me of it when it was first
published. Copy of my "Debt to Prosperity" was sent to her.
Good news that she is coming to work for you. A little later
when there is less immediate pressure of getting the newspaper under
way I would like to come to Detroit again, meet Miss Coogan personally
and talk further with you.

As to metaphysical principles, I don't see any
conflict. Dr Norwood of the City Temple, London has said, "We
have divorced money from its natural function and made a god of
it. What we want is a new principle that will lead to *money being
made the servant of industry, industry the servant of man and man
the servant of GOD.*" Social Credit is a definite concrete
practical method to secure and guarantee Social Justice. Essentially
it is Christianity applied in practice to economics and finance.

Social Credit and the preservation of individual
initiative are Siamese Twins, inseparably joined together. Neither
can tolerate Communism.

I know the Dean has been very busy working to
organize a campaign among voters to demand that their representatives
pledge themselves to Social Credit principles.

I will write Ezra Pound as you suggest.

Sincerely,

26 Okt

Dear Father, COUGHLIN

Whichever of them has been elected by the time you get this; the election will be OVER.

To vary the bowling I suggest you start on the INFAMY; the slimy and greasy INFAMY of American education.

All these quotations at end of our "Money" and all these Buck is using OUGHT to be in high school histories. They ought to be required for collegeentrance.

"Bliet is including my attacks on American education in a vol. of Essays now in press in London (I suppose America will get them in time."

Whether Sec. Justice ought to run a review column for essential books, I don't know. It might help.

In the slack season after election, with the auditors fed up with politics

an attack on something else wd., I believe, be good psychology.

So many of us are now saying the same thing that the danger of boring the more alert auditor arises.

I suppose Ressevelt is being elected. London wd. be worse. Ignorant; and such a feel he has been 'TALKIN' about what he don't understand. Frankie is the clever man.

If R/ is in; problem of concentrating the honest men, will be simpler.

MONEY/MONEY/MONEY; its nature and mode of issue.

also an attack on TAXES. all taxes are infamy and relic of savagery except a tax on unspent money (Gesell; stamp scrip)

Italy has gone social credit; but net economic democracy.

British Fascists accept Douglas diagnosis.