Show c L WHAT IS BEST TO DO kr So D ir Nr r. r Cortelyou is s satisfied that all that is Deeded eded e d to restore confidence ence and have old conditions J of business resumed is IS for the people who have f irlo t p 1 r 9 r tho rJ J banks That has been clear to a good many people for a long time but the secretary's recommendation reminds one of Hotspurs Hotspur's reply to Glendower's assertion assertion assertion as as- that he could call spirits from the vast vasty deep Why so can n I or so can any man but will the they come when you OU do call for them Have Haye the causes been removed that made the thc people lock ock up their money 1 White man all alt same r-ame Injun What is needed now is an object lesson When congress convenes let the president propose propose propose pro pro- pose to congress to sell bonds to reinforce reinforce reinforce rein rein- force the banks bonds to run ron twenty years and draw fair interest bonds in small denominations RR say and multiples thereof and offer them for sale and the secretary would see the money come back We Ve predict th that t quite five times would be subscribed within two hours after the tho subscription S books booles opened Better still The Great Northern Northern Pacific and Union Pacific railroads railroads railroads rail rail- roads have ha-e been placed under suspicion by threats of suits snits and fines Let the government prepare to take 25 per cent of the stock of either on condition that it be lie represented on the board of directors and offer bonds to make the purchase Is there thore any doubt that the money would be bo forthcoming Or let the government prepare to Lo retire the greenbacks issuing in lieu thereof demand notes payable in gold and drawing a small interest notes that could be used in daily business does anyone anyone anyone any any- one doubt that the money to buy those notes would be ae forthcoming Tho The old demand notes held th their ir irown own on a par with gold when the great war was sorest and when greenbacks sank sack to over 60 per percent percent percent cent discount And tho the country and the government were awfully poor in those days and a mighty cloud hung over the land like a pall There would be a little interest on these notes but ut with careful interest-bearing interest bonds I Ito to o a like amount might be called in and canceled in inthe inthe the he next eighteen months to balance balanco that The thing needed i is to restore confidence and to get the money now locked up in circulation again To do that the Ute government will Il have to take the initiative There aro are plenty of Wa ways s to do that The most direct and feasible way would be he to buy interests in gr great at railroads railroads rail- rail roads oads and take part in their control and then to topas pass pas a progressive ive income tax so 80 that the government government government govern govern- ment could be able to tax the rich as the poor are I taxed axed now Then legislate to restore our merchant marine and make silver primary money again at some fair ratio with mth gold to extend ext trade in silver using luring countries coun- coun tries ries and the old ship of S state would right itself and once more run on an even keel P. P S. S The S.-The The dispatches this morning indicate that the he mental telepathy of THE TUE TELEGRAM is getting in n its work in W Washington ash |