People's Pilot, Volume 4, Number 31, Rensselaer, Jasper County, 19 January 1895 — FROM A REPUBLICAN PAPER. [ARTICLE]

FROM A REPUBLICAN PAPER.

“There Is no Lack of Faith in the People as a Redeemer.” The history of the past year has demonstrated that the currency of the oountry is based more on the faith and credit and confidence and wealth of the people than anything else. Gold has nearly failed twice, and it has been necessary to fall back on the people’s credit each time, That there is no back of faith in the people as a redeemer is evinced by the scramble to get their securities. If the credit of the government must stand behind the gold, and the silver, and the coin certificates, and the national bank notes, and every other form of currency, it does seem like folly to call in a lot of fellows between the servants of the people and the people themselves. If the government must stand good for everything, and it is conceded that it must or the money can not be relied upon, why shouldn’t the government take the whole matter of hanking and the issuing of currency into its own hands. It surely could be 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.