Dear Sir: —I have been a sub
scriber of all your papers and maga
zines from The People’s Party Paper
to the present time. I also have the
three volumes of your “Story of
France,” which I wish every human
being in the world could read.
Now, without taking up too much
of your time and space, please answer
the following questions on the money
situation:
We all know that under our pres
ent national banking system, with
the whole volume of our currency in
the hands of the national banks, they
can force a panic on the United
. States any day in the year they
please. They can loan when they
please, and refuse when they please.
Now, here is the question,—when we
abolish the national banks, as you
think ought to be done, and as I
think ought to be done, and issue
the money direct to the people, with
out interest, I can see how part of
the money could get into circulation
by paying off all the Government em
ployees—such as the standing army
and navy, postmasters, rural mail
carriers, Congressmen, and so on,
if all this didn’t get money enough
into circulation, in what other way
could it be issued directly to the peo
ple?
Very truly yours,
S. J. SMITH.
Jackson, Ga.
Answer.
The Government could build rail
roads and canals, or could lend
money on land, to farmers and
others, as it actually is doing in the
Philippines, and as the British Gov
ernment practically does in Ireland.
Suppose our Government had is
sued greenbacks, instead of bonds, to
pay the expenses of digging the Pana
ma canal! T. E. W.
‘Bfye TJfcffersottlan
THE ATLANTA MERCHANTS AND
THE NEGRO PAPER.
