Show credit john E DOS of new york has sen us a synopsis of i proposed ed american credit it id after the frenchi system by the same anine it id something after tho t plan of making more money by issuing paper but chii system proposes to do it by negotiable mortgage bond on benl estate mr DOS pissos takes as ft sort of text lie wo ds of during a merchant of berlin who laid a similar scheme before frederick if during the true capital of ali s country consists in ci h and real estate the latter is more alian ten times in excels of the former and if only i small part of it could be mad current it would be abunda irly sufficient to secure credit and welfare for the entire country attention is called to the fact that in country there is today about farm forgage mor gage indebted ness it amounted in 1890 to 2209 mr dm basos proposes that this be fund d by a national company by special act of congress and eliat the low interest bearing bonds be put into circulation among the people that would give us alie increase of currency so much needed and be a big saving to the farmer for it is figured out eliat money can be loaned to them at about 4 per cent per annum by this national com piny the whole plan smacks too much of paternal m for us ve do nob think it tho province of this republic to go into H private money loaning business if it were to begin extending its business to loaning money then it could just ns well operate nil railroad telegraphs and steamboat lines upon our big rivers and lakes where would it end we would place so much power in the bunds if ahe administration that corruption could not be dislodged from the i eat of government by the ballot but it would take bayonets to make a change in the government mr DOS passes calls attention to the successful operations of our postal service its ves in every little hamlet of the land it would be jiwat as easy lie til aks to establish under government supervision loan agencies of the nacional na ional company in every town and kulage the are a great political and by their aid president harridon Harri aon received a rc nomina ion in apito of the politicians but ahn fon cier system would rive double opportunities tuni ties for political intrigues to say nothing of other corruption while if that policy of government was extended to ral roads and telegraphs n before suggested ia would be an open bid for tyranny if it be only more money which alie country lacks and that ia larg ly at the bottom of alie increase in creasa in larm indebtedness alien the better way is to coin alie gold and hilver at n just ratio which god bai ba i in our land in such rich abundance thereby we will secure a natural ia tural circulating medium without encouraging inaco enneis as does alie fancier system give us alie free coinage of silver at a parity gold and we will get the money ne ded |