cwrtfbt, mif i m k c. Hu fi
jENmse. electricity for al
i
most everything for
sweeping,:' for washing,
for 'lights, for phono
graphs, for cooking, for
heating, for transports-
iion -and they don't know what elec
tricity is, and they don't understand its
Workings. . . ; ,
j Only a few days since a great electrical tyranny, , . ' '
pxpert, testifying in a patent suit, ex Andrew Jackson, the great Democrat, ;
plained that a certain electrical machine, is praised because he smashed the great
did certain things to the Hertzian waves, central bank, They tqld him " that tha
jHe didn't really know; how the machine tank was entitled to a certain' .represent
"did it or what went on inside of the ma- tation In congress, andhe said,"B'ythe
chine. , And' hfimight have added that eternal," that if anything; jrtthe country
neither hejor:Hy5dy else Uvlng. knows "could compete with the: government in
what tlje ( Hfft?lan wave really Is, or any- that way he would kill it arid he did
IhJng fundamental ihout electricity. kill it. . . ..
' ' ; ' Now the descendants of his own Demo
We explain our Ignorance concerning cratic party are proposing a banking
electric power -by paying that we - have scheme which gets as near to a central
tonquered electricity only recently and government bank as it dares to get.
fiaven't had time to get acquainted with it. The managers are to be chosen in part
,' ' by the owners of private capital and In
' " part by the government of the United
But what about money? States. - ..-
J We have beeti using money for many And private capital is to make 5 per
- jt dreary century. We have worked for cent prof itwhich, by the way, does not
it," begged for it, bargained for it, fought tempt private capital at all, for AMERk
for it, married, and murdered to get it CAN private capital is a pretty hungry
'AND. STILL WE KNOW NOTHING capital and is used to rich food. .
ABOUT MONEY. . The fathers of this new system praise
I We have used, as "money," slaves, 11 the" beneficiaries of the old system
"shells, the skins of beasts, from which curse it. Stocks first hop up, then fall
comes the word "pecuniary"; we have .'down;, the people, as ,a; whole, do not
used wampum and gold, silver and copra know what it is all about,, andjhe capi--eyerything
that men held valuable they - talists and the lawmakers .know, just as
have used as a token of value, "of as" little the -peppier r--7-u.r. .. -
J'moneynd w? don't know anything
really about money today.
TluVgreatest country in the world is About the actual inside workings of
trying tajearrange itsV'financial system," money we know as little as we do about
and all the doctor! of finance and all the the .nature, of electricity..
lawmakers and "business men are just' as .' But with tthey, as with electricity, we
ignorant concerning the great trade protk can watch EFFECTS'. PRODUCED ; we
lem as were the first savages that ever ex- can know where the power Is and apply
changed 4 shining sea shell for a dead fish, it wherein Is 4 needed, ' -
' ' ''. ; ' " ' -"We know about money that the lack'
.I'7 - ' ; 4 of'U ii'a-.curse.prevcnting'development.
4 Onet financial, man says that" the gov:; 'And an oversupply of it, artificially made,
ernment.must haye a great bank and' run is. a worse'eurse, causing paralysis and
the country's; finances; and another says 'panic V "V ' 'r,
that such a system would mean destrucv .And timidity the raiuds'ot moneyr
GREED (mmVARICE Are His Two High PriestsMd All Men Worship theGod.
Men Worship Money iyet Mow Nothing About It - ; V : 4 ; ; ;
Money and Electricity Are the TwoMy$teriesfffl WeKnoiv:That
the GovernmentMust Control the Money GqdandlkndltsPowerDtrect totht People :
tian, centralization of financial power -and
owners, however, inspired, causes hoard-"
ing and chills the business world. . ; '
We know that money Is to'cornmerce,.
industry and manufactures and to mate
Vial development what, water, is to the
crops and knowledge to the mind.
We know thatthe world of finance is
the feeding-ground of; the most cunning,
useless and pitiless sharks that the' human
race develops, from' the pawnbroker who -
charge a sick mother, twenty-five percent
for a loan on her baby's clothing, to the
eminently respectable, banking firm that
charges a sick railroad in such a fashion,
, as to put it in bankruptcy. '
We know that we have In this country
more than'20,000 different bankers, every
one of them a middleman PROpUCING
nothing. ' ' "
Every bank means that there U a presi
dent of a bank, an intelligent man,, who
spends his days shaving notes, PRODUC
ING nothing, ; '
A cashier and Assistant cashier, a vice
president perhaps, tellers - of .different
kinds, arc all NQN-PRODUCERS.
The "farmers who do produce wealth
and create it pay an average of eight per
cent for the money they borrowwwhich
- is criminal usury. - -- -' - -
And business men are bled most se
verely when their needs are greatest. ; ,
And when- money is needled to move
the crops, it cannot be had in sufficient
amounts, although It is lying Idle,. piled
up In vaults. ' ; ' -'
And our stupid banking system com
pels every bank to keep stored away, UN
USED, a great part of its golden machin
ery that ought to be at work which :
means thai! hundreds of, millions lie idle,
.all, the .time., A system compelling a
farmer to 'keep in his barn three! mules
doing nothing, for six' mules on the road,
.would be no more stupid than our bank
' feserve system. '!- ; , :VCy." v
The new system, the new financial egg
which is laid by the Democratic hen, is a
complicated attempt to solve the unsolv- '
able, a feeble sort of an effort K check -the'
hopeless private bank system, com-"
bined with the equally, foolish effort to ;
lift one's self by-the boot straps.; v
t The banks are to loan money On what
is called good security. And that eood
security is. the; backs' assets,; And-the
PLE OWE THE BANKS. '
- Therefore, we call it the public debt,
an asscV.andl loan money on DEBT, in?
Stead of calling actual property "an asset
and loaning money on actual property.
: What is going .to he done in the long
run ? 4Nor you, nor I, nor nobody knows',;
as the children- used to sing. ' -r
; But this much B certain: ,
A WAY WILL BE FOUND IN THE
END TO ENABLE THE GOVERNMENT
TO. LOAN DI RECTLY TO TH B CiTI
ZENS, .NOT, LErDINti TO( THEM
THROUGH BANKS, ON THEIR
DEBTS, BUT DIRECT ON THEIR
PROPERTY. -;( ; . -V, , '
, The government is destined to temore ,
and more a central pool of wealth," toward
which the country4 moneywlll flow" and
from which It must be pumped hack again
into the pockets of -the people, v; ' ,
The parcel post," which will be lntelllv:
gently and usefully developed eventually,
will ;pouit$ tens hd;h
lions annually Into the government pock
etbook, giving to the government all the '
vast ( revenues that the private - express '
companies haye collected and more;'
; And the postal banking svstem. which
will also be popularly developed In such a
way as to make the total deposits amount
to hundreds of millions, will put yast.capl
tal in"governmeot' hands. w ' -
"Before my of us are very much older
government ownership of public monopo
lies (railroads, telegraphs and telephones
Especially) will bring other hundreds of
- millions into the national gqlden poql
tartdalRttuit must be pumped out again
and. scattered wisely, just as water ;tha
?keeps running back to the ocean is taken
up. by. the sun's, rays, and scattered in
clouds and dropped upon the soil agaim
. , . . t K
v The a government today, scatters its
money in this way: . '
,v It giveV the money to' private bankers,
estimate gentlemen individually, but po
lite and "legal" usurers in reality. .
"r. the Hnker owns i government bond,t
ufwwtikkihe government pays him 3 .
or 4 per cent. . And igalnst this : bond
which pays him interest the government
permits him to issue currency, which" is
REAL MONEY, And the banker loans
this currency to the business man for s
or (J per cent, and to the farmer for 8 or
to or ,13 per cent, so that he gets 3 or 4
per cent from the government on his own
money Invested in bonds, and at the same
time he .gets. from the government the
right to duplicate the fconds In the shape
of currency and to loan it out at usurious
rates to the public , '
It may not be possible for the mind of
man to understand money and its mean-;
ing, But the mind of man; which is not
able to understand electricity, is a-t least
able to USE it intelligently. .
. And .man ..will 'eventually use 4noneyV!
intelligently, and the people will borrow
from the government (that is to say, from'
themselves direct) at a fair rate of inter-'
estf and get away, from the' systemUf v
twenty-odd thousand , bankers, - each-1 one
personally a very honest; estimable blood
sucker, getting all 1he interest and profit:
)osslble in times of prosperity, and . first
o yell murder and shut bis front door in
times of panic. , : , .;.,'
We don't know anything about" elec
tricity, but we know how, to get it out; of
Niagara Falls and send' it : where it is.
needed.- ? '-'u -: ,i'r'" J
' We don't know anything about money.'
But we OUGHT to know enough to' get
it-out of 'the centralpool of. credit and
gold, which is the government, and send:
it where it is needed