People's Pilot, Volume 4, Number 30, Rensselaer, Jasper County, 12 January 1895 — FROM A REPUBLICAN PAPER [ARTICLE]

FROM A REPUBLICAN PAPER

“There Is no Lack of Faith in the l’eo pie as a Redeemer.” The history of the past year ha. 1 demonstrated that the currency of tin country is based more on the faith aiu credit and confidence and wealth o the people than anything else. Gol has nearly failed twice, and it has beei necessary to fall back on the peopled credit each time, That there is no lacl of faith in the people as a redeemei is evinced by the scramble t» get their securities. If the. credit o' the government must stand be hind the gold, and the silver, am the coin certificates, and the nu tional bank notes, and every otlie form of currency, it does seem lik folly to call in a lot of fellows betwee. the servants of the people and the peo pie themselves. If the government must stand good for everything, and i> is conceded that it must or the monej can not be relied upon, why shouldn’t the government take the whole matte) of banking and the issuing of currency into its own hands. It surely could bt managed much more cheaply and safely than at present. If there were gold enough to go around there would be no need of banks ot issue, eithsr government or otherwise, but there isn’t. —Topeka, Kan., Daily Journal. The Journal is evidently drifting into anarchy, Populism and fiat lunacy.