OCR Text |
Show ey for their work; and to get the money we must have markets, and we can't have markets until the consumers can have the money mon-ey to pay for the goods, and they cannot get the money now without with-out borrowing it, and nobody's credit is good to borrow on, and hence the stagnation. There are two ways to remedy this. One is to issue currency out of the treasury and pay off the soldiers' bonus, which would scatter money all over the United States; and the other is to remonetizo silver, which would set thousands of miners at work, and would also give thousands of people money who have silver, and of the two methods, the silver proposition would probably be the more beneficial. bene-ficial. Silver would partially satisfy sat-isfy the so-called sound money crowd who would prefer it to what i3 called flat money. Such action would be a great stimulus to business, for it would give the people money to trade with, and it would soon permeate all corners corn-ers of business and produce trade activity. There would be no bonuses bon-uses to that. It would be a permanent perm-anent remedy founded on sound economic principles, and would revive business in a natural way, aided by legislation in conformity with economic laws instead of against them. - i The Farm Aid Bill . By L. A. Hollenbeck. The farmers are in distress all over the country and particularly if their properties are mortgaged, and many of them are mortgag-. mortgag-. ed." There is a bill before congress con-gress to pay the farmers a bonus on their wheat, hogs, cotton and tobacco, and possibly other staples, stap-les, the bonus to be added to the price of the commodity to the extent ex-tent of the tariff, which might make 60 cent wheat and 5 cent hogs. This is proposed merely as a temporary measure, but, of course it will raise the price of living to other people, and particularly par-ticularly in the cities, without any apparent direct advantages to them. There is a grave doubt that this plan will be a success, and probably President Hoover will veto it anyway, and he may be right in doing it We need some good legislation, and what we want in this country is a freer trade, and this can be accomplished better than any other way by an inflation of the currency, and eliminating the obstructions ob-structions to trade. Unfortunately, Unfortunate-ly, there have been trade agreements agree-ments with the most favored nations na-tions clause in them, so that we - are tied up by foreign agreements on trade ' matters so that we are not free to trade as we should trade with all nations. But, even at that, there are opportunities of increasing our foreign trade, if properly handled, so that goods will begin to move "with foreign nations and between ourselves. It 13 necessary to get the money ' out among the people, and to do that the workers must have mon- |