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Show FOR HUMAN VOL. I. NO. 15 PRICE 5c. $2 JO A YEAR WELFARE-MA- N ABOVE MONEY EDITED BY C. N. LUND. 206 Scott Bldg. SALT LAKE CITY. UTAH. TUNE 17. 1932. PERNICIOUS WORKINGS REPUBLICAN CONVENTION MY DUTY IS CLEAR OF THE MONEY SYSTEM IN CHICAGO NOMINATES By C. N. Lund EXPOSED BY ELGGREN There is hunger and heartache in libertys land There is strife and commotion on every hand. A HOOVER AND CURTIS ; idleness lurks everywhere And cities are teeming with want and despair. Banks Expand Loans Up to Ten Times Actual Cash INTEREST DRAINS THIS MONEY EAST Pertinent Facts Disclosed to N. D. A. Audience Last Saturday Another capacity meeting of the Natural Development Association was held last Saturday in the Keith Emporium building the last public meeting, in all probability, that the Association will hold in this building. The phenomenal growth of and interest in the organization has made larger quarters for the weekly meetings imperative. The next meeting will be held tomorrow evening in the assembly room of the South Junior high school, at 1250 South State street, where there is capacity for about 1000 persons. So you can all come and bring your friends. President Stringham Presides President Benjamin B. Stringham took charge of the meeting and introduced the speakers and performers on the program. The principal speaker of the evening was L. E. Elggren and his subject was a very absorbing one Money." Miss Eleanora Parmley very deftly rendered a and b numbers on the piano accordion, after which President Stringham introduced the speaker of the evening. Mr. Elggren stated that in conversation today with a Harvard graduate he mentioned that he expected to speak on the subject of Money, and said that he approached the task with some misgivings because it was an abstract and hard subject to understand. The Harvard graduate replied by saying that the speaker did not need to worry, because there was no one else who seemed to understand the subject; and that if there were any such persons they apparently were not at all anxious to publicly expose its inside workings and manipulations. In treating the subject the speaker made clear that he was treating it in a broad sense and that he was not criticising individuals or abstract institutions. Of tbe many phases of the subject, he would deal with only two. First, the making or manufacture of money. Second, the circulation of money. On the first proposition it was generally agreed that money should be made exclusively by the government. On the method of circulation there was a division of opinion, whether it should be direct or indirect. The indirect method is the one employed at present, through the medium of banks and financial institutions. Under the direct method, the government, after making or manufacturing the money, would put t into circulation by paying it out direct to the citizens for materials, and for services in conducting the business of government, and in building public improvements in all parts of the United States, thus getting it into circulation generally without any mortgages, bonds, tribute or interest to be paid for it. Indirect Circulation of Money cial columns of the paper, which play up the large bank deposits to prove that money is plentiful and industries prosperous, when in reality the figures represent loans from the bank and not the deposit of surplus funds. Also explained the working of the credit system which permits the banks to loan ten times the amount of actual cash on hand. Fictitious Bank Assets. Speaker said that with only approximately eight billion dollars of money in the United States, of which four and a half billions was in all the banks, including National, State and Federal Reserve, these bilbanks bad loans of forty-fiv- e lion dollars, or ten times the amount of money actually held. Of the eight billion dollars total money in the U. S., three billions was in the treasury of the United States, four and a half billions in banks and the remaining half billion was in circulation among the people. $150,000,000,000 In Debts. The total indebtedness of the people of the United States, the speaker said, was approximately $150,000,000,000, which is made up as follows: National debt, 17 billions; states, counties and municipalities, etc., 20 billions; due banks, 50 billions; owing by railroads, 12 billions; by other corporations, 20 billions; debt on real estate, 11 billions, and taxes, assessments, etc 20 billions, forming a total of 150 billions of dollars, or the equivalent of the estimated wealth of the United States. All of this indebtedness bears interest, which at 6 per cent amounts to nine billion dollars annually, which exceeds all the money in tbe United States. This interest is not all paid with money, but it in turn is paid with more borrowed credit in our checking system, secured by mortgages from the people, thus annually increasing the principal and in many cases, foreclosures resulting. The speaker said that we are wiped out by debts, brought on by fictitious inflation in the handling of the financial system. Million Acres Foreclosed. As an evidence of the drastic results of the manipulation of money and credits within the financial system, the speaker stated that one of the larbe life insurance companies had foreclosed mortgages on one million acres of land in the state of Illinois, recently. In reference to the proposed legislation authorizing the sale of sev- (Continued on last page) The method of indirect circulation of money in use, is upheld by law, the speaker said. Congress, under the influence of the financial interests, have passed pernicious laws which require that the money be turned over to the banks at the cost of manufacture, approximateof one per cent, and the ly one-ha- lf banks loan it out to tbe people at 6 per cent or more interest. That these banks exploit the government in times of need, and require the government to issue interest-bearin- g bonds at an average interest rate of 4 per cent, or more. Said that the banks then hoard tbe money or bonds and are authorized to loan their credit for as much as ten times the amount of money they actually possess, thus multiplying their interest by ten. How Public ia Misled. ts The speaker shed on the checking system emnloyed by banks, and showed how the making of a loan was represented on the bank statement as a deposit, because the money loaned was not actually delivered to the customer but was deposited to his account, and the bank took credit accordingly. This conveys a false impression when published, in the finan side-ligh- soul-killi- ng My brothers and sisters on Libertys soil Are deprived of the right to live by their toil Their children are sending a plaintive appeal That touches my spirit and fires my zeal. LITTLE CHANCE FOR ; The humblest and poorest have claims upon me. And all are asking for help to be free ; Theyre crying for freedom and I must be true As brother to help them the whole way through. No gold lords can silence my souls clear call, Nor break down the truth, We are brothers all. Where want is, and hunger, my duty is clear; God help me to brother, encourage and cheer. EXPLANATION OF NATURAL GOVERNMENT THE DANGER IS NOT REVOLUTION BUT DEVOLUTION How the Author Follows Nature Society Cannot In Working Out His Plan. Repression To have stated the solution to the economic problem in a hundred page book is what Benj. B. Stringham claims in the preface to his little volume, Natural Government. The boldness of such a claim rouses the reader's interest, even though his first impulse is toward doubt. The first two chapters of Natural Government are devoted to a diagnosis of the malady with which industry lies prostrated. The author finds the unequal distribution of wealth to blame. With this hypothesis nobody but the owner of wealth disagrees. It is unequally distributed because it is controlled, not by the government, but by private corporations which have become parasites, living off the productive industrial system. These maintain parasitic corporations their control of industry by means of a monopoly of the nations money. To break this hold, Mr. Stringham proposes a system of exchange that operates without the use of money. As a model for this new system, the author takes the tree. He shows that the tree has within itself a perfectly functioning system of production, transportation and exchange. This is so governed that each cell receives exactly what it needs, no more, no less. Should a tree become infested with parasites, as is our industrial system, which divert undue quantities of plant food to their own use, the tree soon dies. Mr. Stringham maintains that the government of the United IMPORTANCE OF States was originally framed to circulapermit a natural, tree-lik- e tion of wealth, and that this objecMANUFACTURES tive can still be attained under the constitution, which he insists is the best foundation for the natural U. S. Commerce Report Show government he outlines. He would simplify government, Manufacturing to be Leading dividing it into five departments: Utah Industry. Labor, Education, Commerce, Agriculture and Wealth. Note that According to the figures of the while under our present system U. S. Department of Commerce for Wealth comes first and Labor last, the year 1929, the value of Utah Mr. Stringham in his government manufactured products exceeded would reverse the order. By putthe combined values produced by ting Labor first, he recognizes the mining, livestock ana agriculture fact that the basic problem for a government is to provide producby $23,406,654. The above disclosure will come tive work for every citizen. That as something of a surprise to many inalienable right to life, liberty and in people, particularly those engaged the pursuit of happiness boasted our Declaration of Independence in mining and livestock pursuits. We often hear people bewailing can be attained only when there is the fact that we manufacture so a chance to earn the food that suslittle in this state, and it is an un- tains life. He shows how each department deniable fact that we could profitwould work in its particular field ably manufacture very much more and with every other than we do in this statu. But even in a sysdepartment our is already so, manufacturing tem of production and exchange. most important industry. In this connection, however, it As he outlines his plan, he gives as is only fair to report that $38,820,-39- 2 reasons for each feature, going included in the list of manufac- far into details as his limited space turing, is for smelting of minerals permits. He uses simple, forceful lanfro mthe mines. The grand total guage, and has been compelled to of manufactured products for that make the most of ever'' word in oryear was given as $214,628,855. der to condense a great industrial program into the small space of a A HUMANITARIAN hundred page- - There was wisdom in thus limiting the size of the PROGRAM OFFERED book, since longer volumes tire the average reader before he finishes We are heart and soul for the them. There is a quiet sincerity about following program, advocated by Mr. Doeile of the Citizens Party: the book that makes a favorable 1. To halt foreclosures of mortimpression. It persuades the readgages on farms, homes and busi- er that the author is so sure of his nesses. facts he feels no need for shouting 2. To declare a moratorium on them. If the claim is bold it is the boldness, hot of egotism, but private debts. 3. To establish a rent adjust- of an abiding faith in the subject ment board to smooth difficulties matter. between landlord and tenant. Having read the book, the read4. To provide for a state-wier naturally raises the vital queseconomic census. tion, can the plan succeed? Mr. 5. To provide immediate aid to Stringham himself has no doubts. the needy and state unemployment Where economists stall relief projects. and hedge, he tells us without if or 6. To provide measures for the and that it is the solution of the issuance of state scrip is legal ten- economic problem. der for state employment activities, Whether or not he is right deetc. pends not so much on his luiowl- de ed Long Stand of the Individuals. "But there must be war because capitalist nations cannot exist without war. We have come to the doors of Utopia. Utopia no longer remains in the dreams of mankind, for we have brought it to earth. Not today nor tomorrow nor in a year shall we enter it, but Utopia is now within sight of the people of our time. These are the words of one of the leaders of modern economic thought. Prof. Bowman of the City of Affairs Committee of New York, says: "We must definitely undertake such a program as will restore the light to the eyes of men. Hie real danger is not Revolution but Devolution when the light goes out of the eyes of men who have been broken by starvation and social misery. As there is no metal powerful enough to resist the pressure of gas and steam beyond a certain point, so there is no human society or governmental form which can withstand the long continued repression of the individuals who compose them. "Nobler duties never were For men or gods or time Than now wait you Your hand, your heart, your soul. Come, youth of America, cornel You with ideals like pennants flying before you, cornel There are needs for you as great, and purposes as high, as history ever knew. There are higher things for you than the mere making of yourselves secure in the needs of life; that is, the helping of others to be secure in the needs of life. All the fields of the earth, all natures gifts to man, and all the things that man in his long journeys, has prepared for men these you shall place in the hands of those who need them and use them, in the hands of those for whom thev have been prepared. This it is that will sweeten your life. Come, oh youth of America, cornel" The American people are hungry, but doomed to get hungrier. The rich cling to their dollars, avoiding charity. While workers are not yet revolting, the lower middle class is bitter enough to do so. Next winter will be the year of the great hunger." We of the N. D. A. are laying the foundation. Others shall come to help build the walls, and youth, wide-eye- d with dreams, shall come to help carry on. All together we shall build a society in which shall dwell a happy race. Children shall no longer starve nor women weep. Men shall no longer despair nor old age beg for a crust. The future is ours. Never in the history of the world were there more and greater opportunities for real and unselfish service along the lines of human welfare. For a long time dollars and profits and machines and material things have held the stage. Now we shall turn to the things of the spirit, the expansion of the soul, the opening of the vision, and we shall proceed to make such a day of glory as the eyes of humans have never beheld. The call to service is sounded in clarion tones. edge of the laws of nature as on his understanding of human nature. If man, as some think, is merely a beast driven only by greed and lust, it can only fail. If, on the other hand, man has a higher nature that can be roused to action a nature that hungers for justice, seeks blindly yet unweariedly for human betterment, forever goaded onward toward the ideals of Christ, then Natural Government will succeed. WILL DOBSON. THE SOLDIERS BONUS Senate to Committee Votei for Adverse Report on Bill 14 2 WASHINGTON, June 16. -Twith an unfavorable comreport, the $2,400,000,000 soldiers bonus legislation marked time in the senate today while leaders negotiated toward an agreement to give it formal consideration. Early in the day, the senate finance committee voted 14 to 2 against the measure urged by 20,-0former service men now in the capital. As this was reported to the senate, hundreds of the veterans looked down from packed galleries. Senate leaders forecast the bill, which passed the house yesterday, would be defeated, and President Hoover has promised a veto if it reaches him for action. Soon after the committee acted in a brief session, Chairman Smoot, Republican, Utah, asked the senate to begin consideration of the legislation immediately. Objection was raised, however, by Senator Thomas, Democrat, Oklahoma, a friend of the measure, on the ground the senators had not had sufficient time to study the agged mittee bill. After some discussion, Smoot asked Thomas if he was willing to consider the bill tomorrow. Tomorrow will suit me elegantly, Thomas replied. No formal agreement was made for the bill's consideration, however. MUST MANUFACTURE N. D. A. units such as the central unit, located in cities, naturally cannot engage very extensively in agricultural pursuits, and in order to obtain these necessary food commodities, we must have something worth-whito exchange with rural members and communities. Obviously then, our recourse is to the field of manufacture. A number of projects of this kind have been discussed, but apparently not much is being done about it. Let's all concentrate upon getting the wheels of the factories to humming, and we will have more applications for membership than we can accommodate. For with manufactured goods to exchange, there will be no trouble in trading them for agricultural and livestock commodities, and the other things we need for g the of members. But we cannot expect to keep the organization fed and clothed when we have nothing but labor and professional services with which to balance accounts. le well-bein- MONEY LORDS ANU OVER-PRODUCTI- There Cannot Be Too Much Until All Have Enough. The American Declaration of Independence is characterized as the true Constitution of the United States. The base of our constitution is equality life, liberty and the pursuit of happiness; but how can men have liberty and enjoy happiness when they must beg for the right to work and in return for their labors receive their meager mite in gold from their masters with which to purchase the bread to sustain life? What right has a government to allow a few money lords in our land of liberty, through the power of their hard, yellow gold, to enslave and starve millions of people through the fictitious value of their money? They have plunged the whole world into bondage so deep that it will be impossible for the people to ever be free again as long as these gold barons have any power to rule. They have enriched themselves by untold billions of dollars, both in property and tax exempt securities. They exacted their unfair profit from every man that worked for them until finally they absorbed all the wealth of the country. When there was no chance left for further profits from their workers they closed their factories and plants and turned millions of men out in the streets to starve; for through they their compound profit-takin- g killed the goose that laid the golden egg. After this was done the big money lenders placed all their Platform With Modified Prohibition Plank Adopted NO OPPOSITION TO HOOVER CANDIDACY Policies and Record of Republican Party Endorsed The Republican party in national convention at Chicago has placed the same ticket in the field that was nominated four years ago. For President, Herbert Hoover, and for Charles Curtis. Only one other name was presented for the presidential nomination, that of Senator Joseph France of Maryland, who received four votes, and there were fifteen and a fraction scattering votes for various persons. There were several names mentioned for but Mr. Curtis received 63 3 votes out of 1146, and was declared the choice of the convention. There seemed to be no deviation from the previously arranged program. Senator France attempted to place in nomination for the presidency, Calvin Coolidge, but was promptly and roughly hustled from the speakers stand, by request of the chairman. A modified Prohibition plank was placed in the platform, which contemplates the submission of the eighteenth amendment to the various state legislators, while retaining with the national government the power to protect the interests of states desiring to remain dry. The platform eulogizes the record of the Republican administration, and prescribes as about the only cure for our financial ills, four years more of Hoover and Curtis. The big convention adjourned yesterday after completing the business before it. During the consideration of the Prohibition plank the noisy element in the galleries made itself quite obnoxious and had to be threatened with expulsion from the hall before speakers on the dry side could be heard above the uproar. Vice-Preside- wealth in strong vaults and had it guarded, for they said, there isnt anything left for us to invest our gold in that will pay us a profit. So these same lords of might sat on their gold and watched millions of their subjects go without food in this a land of plenty. These same money rulers of ours published statement after statement saying there was an of food and every other commodity. That we must stop growing wheat and stop all other production. Gentlemen 1 want to say there can be no until every man, woman and child in the world has more than he or she can consume. Therefore, these statements on overproduction arc false, because you know as well as I, there are millions upon millions of people all over the world who are going without half the food they can eat or clothes they need, nAt to mention other necessities of life. Is this not pathetic, with our granaries overflowing with wheat and our warehouses filled with goods? How can such drastic conditions possibly exist in this wonderful Land of Liberty of ours? 'Tis school very simple. A boy should be able to figure it out. Now then when the masters exof what their act three-fourtworkers produce the workers cannot consume any more than their masters will give them. Therefore the workers, representing 90 per cent of the population, only have a of chance to consume what has been produced, thus leavthree-fourtfor the ing the other balance of the people, or the 10 per cent to consume. Now since it is impossible for the masters, who cent, to conrepresent the 10 per the sume all of this three-fourtbalance is placed in granaries and warehouses to spoil while the workers go hungry. So you can plainly see it isn't an we are suffering from but an Every worker is willing to consume all he can get therefore I say every man should have a fair share of what he produces, then it wouldn't be long until the wheels of industry would be turning again. one-four- th hs hs n. |