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Show Alexander Hamilton's Way. il As the anniversaries of the birth of great souls mm J come around, great honors are paid to the mom- Wmm ories of a few. We have Washington's day, Jef- 11 forson's day, Lincoln's day, and others. But rSrli Franklin's day is not celebrated, nor Patrick Hen- . fp ry's, nor Alexander Hamilton's, yet so sure as the flT world the latter had the most acute mind, the lev- nitf olost head of revolutionary days. We are the more vi reminded of it now when with the wealth of a. doz- Wm on Empires in our grasp, no man stands forth to IMr organize a system of finance that will be sufficient . w' for the country's needs. When the land owed IR more than it would have brought in the market, . ink; Hamilton organized a financial system and put it j k1 in operation, which was sufficient for the time, j j;'Jj which had it boon adhered to would have suf- . 1 ' flood for the centuries. W- And could a soul like his be awakened in the flesh today, does anyone doubt that ho would fall I M of a swift solution of the present problem? IVJ But ho had old-fashioned notions. His thought M-m was that only gold and silver were money. His W thought never was to form a financial system on Jf (J what a man or a nation owed. In his book-keep- Jt .Jij ing a balance sheet was always at hand and it II f contemplated settling all balances in silver and Eg gold. Has the nation accomplished very much B. by sotting aside that rule? See it today floundering wfa in a bog which its financiers have led it into. BJ Hamilton organized a perfect system when there Hp; was little property behind it and when its debt Kg was far beyond its means. When the credit of the Slf nation was. prostrate, at his touch he wakened it WKr) into exultant life. What would such a one do m with more wealth to plan from than the civilized ' BL. !j -. world possess ad in his day? Would lie not day, if w will not take the man's nolo for a basis to ! '. ; from beoiruts all threi to the note is tiro ' mn:mvp&t& ;0 flfttf. have the power, let ft ' tfifcirita. ffStle 'JftH hfitf 0m he can; but 'in as f much an.f ttqams is our backing we . jj fft miw hJNlMiW dttr security; on the I strength oSj&t Wo "will put out paper. That men I may not be interfered with, we iir every possi- bla legHfmato way will gather the world's '! gold and silver in our treasury and redeem this ' paper ru Qiole sovereign metals? t Suppoie the proposition- to demonetise silver had been made to him, what would his answer I have btcm? Would it not have been something .- lifts -iiiis? ' "Look around the world and see what money twohirds .of the human race would have to do business on should silver be discarded. Look (over the last balance sheet of your own country's affairs and see if you do not owe more than all the silver in the world, coined into dollars could payl Look at the Orient with all its latest resources re-sources benumbed and its people abjectly poor because they have no silver on which to awaken a Single industry Into life! Strike it down and than what? Would not all the burden be on gold, and would It not double in purchasing value, that is, would not all the property between the seas fall fifty per cent in value? Are you crazy?" We say to our statesmen: "Go back to Hamilton Hamil-ton and conclude that only out of gold and silver can you make honest money. Remonetlze silver. File the bullion in the treasury, issue gold and silver certificates as fast as you can get the bul- lion to issue it on. In the meantime issue $500,- ! 000,000 in one per cent bonds to be used as money and redeemable at pleasure and start some neod- t od public works to break the spell that Is now jj uijon tho land. Set tho work going, give idle t man a moans through which to earn their broad, j and you will soe all the hoarded (Told come back j into business channels and the depression and t apprehension of the present will poise their black . wings and soar away. |