Show OUR NATIONAL MONEY HONEY SYSTEM In Tn every plan thus far presented to congress for fOl fora a change in the currency it will bc noted that every everyone one is founded on the tho supposition that whatever currency system there may be it must b be founded on of government bonds There is evidently no thought when the United States will willbe willbe wille ever dyer any an- time coming be e out of debt and the best system proposed goes no for n to adopt fart farther el than thau it could a private a system of his own through which ch he be was to do do business on the strength of what chat he owed When reduced to an abstract proposition it seems seems that the he and intention of all our great financiers is to go on and do business with the celta certainty that the government will pay all the debts that it owes that twice twice that is is if a hundred million dollars in bonds is put out outS today the government will have to pay that hundred million dollars as principal and before itis paid it will have Q to pay as much more in inter inter- est cst Now in this case the power that pa pays s 's the debts is simply the people of the United States To ro make it impossible to ever reach roach that situation where there would be no more debts to pay par and no more interest why merciless mer mer- so to pay was one of the principal reasons cHess ciless a fight was made upon silver wl why y it w was s eliminated chimi- chimi I as a basic money metal and our belief is that that the such prosperity to come to country countr t there ere would be an imminent prospect that the debt would soon be paid these manipulators would if necessary precipitate a war upon the country to compel it to is issue ue more bonds Y Wo We 0 alL alb remember in in 1894 1694 and 1895 how that New York syndicate led by J. J P. P Morgan forced greenbacks upon the treasury compelling the government go to redeem them in gold until the gold was so reduced that Cleveland and Carlisle Carlis e were forced to issue in bonds to reinforce the depleted treasury and these bonds were given n to Morgan to sell seU He took th them m mat at 92 cents they were worth sixt sixty days day later and so long as four or five men four or five men meu in Kew New York state possess as much money and credit as do the Morgans Rockefellers and two or three more we wc do not see why the thc they cannot at an any time precipitate just such a panic as was precipitated last Oct October ber It looks to us exceedingly as though the business of our government had become merely a machine through which the bondholders and nation national l lbanks banks of the United States can be enabled to levy au an everlasting assessment on all 3 1 the property of this country If the slate were clear if we had no banks i ii if we we had bad our country with all its property properly free according ac ac- ac- ac cording to the thc best lights light that have thus far been shown the only ml way we could establish a safe banking banking banking bank- bank ing system would be for the thc government to sell a II 1 thousand million dollars' dollars worth of bonds in order to furnish security for the gentlemen who wm would d kindly undertake to receive the peoples people's 5 deposits lend them to their own advantage collecting meanwhile the int interest on the bonds that had been sold and then when a pressure came and the people might want have the give them their mone money government go tic currency to be supplied them at 2 per cent a year int interest rest so that they might lend the mone money out outto out to io the people at from 6 to 12 per cent What must the tc c outside nations think of such a n fiscal system 1 J |