The Independent. (Cashion, Okla.), Vol. 4, No. 22, Ed. 1 Thursday, October 5, 1911 Page: 5 of 8
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W. F. BARNARD,
Editor and Publisher
Subscription $i. a year in advance
50 cents for 6 mo.
30 cents for 31110.
Establishki> May 14, iyo8.
Entered as second-class matter
at the postoffice at Cashion,
Okla., for transmission through
•'The bee that gets the honey,
Don't hang around the hive.
Publishkd Every Thi ksday
Cashion, Okla. Oct. 5, 1911
* ALL FOREIGN SUBSCRIB-
I '• ERS WILL BE NOTIFIED OF
THE EXPIRATION OF THEIR SUBSCRIPTION TO
THIS PAPER AND GIVEN AMPLE TIME IN WHICH TO
RENEW, THEN, IF NOT RENEWED, PAPER WILL BE
DISCONTINUED RENEW A T ONCE
1 have a friend who is honestly
and rather violently opposed to
the government issuing its own
money. This same friend is of
the opinion that the Aldrich plan
of a great central bank of issue is
the correct idea. If the govern-
ment should undertake to issue
money direct lit* believes that it
would mean destruction of credit
and untold disaster.
Possibly this friend of mine is
right but 1 don't believe it. It is
very certain that our present sys-
tem hasn't prevented disaster and
there is no liklihood that if the
Aldrich bank idea is put into op-
eration it will prevent disaster.
It will h owever absolutely put
the business of the country into
the hands of a few men who can
run it for their own selfish ends.
They will use the credit of the
government to make good the is-
sue of their bank currency but
the benefits will accrue entirely
to themselves and not to the gov-
It is clear enough that money
as we understand money now is
made so by authority of govern-
ment. We talk about the intrin-
sic value of gold as tho that was
what made it money. It is not
true. If the leading governments
of the world were to demonetize
gold it would not pass as money
and its value in the market would
at once fall to half of what it is
now, or probably even less.
It is the stamp of this and oth-
er governments that gives gold
its money and most of itssoealled
intrinsic value. If the leading
governments of the world, the
United States, Great Britain, Ger-
many, France, Russia and Japan
should mutually agree to demone-
tize gold and at the same time
should agree to place their stamps
I of sovereignty on a limited num-
ber of discs of iron and by law
declare that those discs of iron
should pass current in those sev-
eral countries at the value stamp-
ed on their face, then those par-
ticular iron discs would be worth
vastly more than their equal
weight in gold.
for a few men to lock up half or
more of the currency of the coun-
try and paralyze business. Pub-
lic works could be pushed every-
where. Water powers could be
developed and no man who was
willing to work would need to be
without a job.
So long as the volume of mon-
The national bank note is tak- ey in the country is controlled by
en everywhere at its face without; private individuals just so long
question, not on account of the ! will there be an alternation
bank whose name it bears or the i wild speculation followed by bus-
securities that have been put up I iness stagnation with all its dire-
to redeem it, but because the cit- j ful consequences. I am weary
izen who takes that ban* bill in of reading long speeches and hear-
payment of debt has the most im
| plicit confidence that this govern
ment will see that it is made good. ;
ing leather-lunged orators vex
the surrounding atmosphere with
the sound of their voices. I want
This power of sovereignty is ] to see them do something toward
the most valuable assett the gov-1 getting the money of the country
eminent possesses. There is no j into the hands of the government
reason why it should be farmed I where it belongs.-Tom McNeal.
out by the government to private
3 I W e have expected it all the
individuals. It should be bring-1
time. Recently there was a man
ine- a revenue into the treasury; , r
& , sent to the insane asylum for
whistling "Casey Jones."
of the government and at
same time should be used to Keep
the business of the country health-j There may be plenty of easy
y and labor constantly employed. vvayS 0f making a living. The
Suppose the Aldrich plan goes ■ only trouble is that smarter men
int operation what will be done? j than you always beat you to it.—
The central bank will take the se- i Cretcher.
curities furnished by the subsidi- ,
.... „ 1>mintr,. A Topeka bachelor says a man
ary banks all over the country j r J
, , _ r „„ should haue wives like he has
and on the strength ot those se-j
i ,.f umbrellas. One cheap one to
curities and with the approval ot
the government, will issue to the
banks, currency. It is the credit
loan—and a good one to keep at
home for special occasions. To-
of the government that will make jl)L'^a Journal.
this currency go. Most of the other things you
Why in the name of common fjgUre on wjn fHji) but when you
sense should not the government j ]a„ Up something for a rainy day
take such securities as it may ap
prove as entirely sound, deposit
them in the treasury as collateral
for bonds issued payable to the
United States government and on
those bonds and securities issue
goverment notes? Suppose, for
example, that a county having an
assessed valuation of 10 million
dollars were permitted to issue
its bonds for 2 million dollars pay-
able to the government of the
United States and bearing 2 per
cent interest. The government
would receive a revenue of $40,-
The money loaned to the mu-
nicipality and secured by its bonds
could be used either in payment
for public improvements or loan-
I ed on good security to the citi-
zens of the county at from 21-2
to 3 per cent. The government
complete control of the issuing of
moneya financial stringency would
be an impossibility. There would
' not be the power as there is now
you may be reasonably sure that
the rainy day will come. —Blue
"llyar ar en kar lhom staten,
soin kan uppvisa ett langre life?"
Search 11s, Petersen. If we have
anything like that on 11s you are
welcome to it.
I respectfully solicit your
patronage. As I am the
only barber in Cashion,
and a permanent shop,
I have cut to the above
price for shaves.
"I Suffered Intense
Pains in My Left
Do you realize it is better to be
safe than sorry, that it is the best
policy to lock the stable door before
the horse is stolen?
Dr. Miles' Heart Remedjr
cured Mrs. C. C. Gokey, of a stub-
born case of heart disease, such as
thousands are now suffering with.
Read what she says:
"Before 1 began taking Dr. Miles'
Heart Remedy 1 ' ad been suffering
from heart trouble for over five
years. I had grown so weak that it
was impossible for me to do thirty
minutes work in a whole day. _ I
suffered intense pains in mv leftside
and under the left shoulder blade, I
could not sleep on the left side, and
was so short of breath that I thought
1 should never be able to take a full
breath again. The least excitement
would bring on the most distressing
palpitation. I had scarcely taken a
half-bottle of the Heart Remedy be-
fore I could see a marked change in
my condition. I began to sleep
well, h d a good appetite, and im-
proved so rapidly that when 1 had
taken six bottles I was completely
M RS. C. C. GO KEY, Northfield, Vt.
If you have any of the symptoms
!rs. (jckey mentions, it is your
duty to protect yourself.
Dr. Miles' Heart Remedy.
is what you need. If the first bot-
tle fails to benefit, your money is
returned. Ask your druggist.
MILES MEDICAL CO., Elkhart, Ind.
Do you know how the mills
"grind" graham (lour? They take
a quantity of second-grade Hour
and mix with it a certain propor-
tion of bran. And there you are.
Sometimes we get to thinking
that the recall is the proper thing
and then we read about half a
dozen different mobs breaking
open the jail and burning a crim-
inal like a bunch of savages, and
it knocks all our faith in the head.
Farms for sale, see S. S. Cole
J > OF 1 ¥
A DELICIOUS CUP FOl (
+ 40$ A CAN AT ALL/ +■
+ GOOD COFFEE SHOPS +
IMPORTERS and ROASTERS,
THE ALTON MERCANTILE COMPANY
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Barnard, W. F. The Independent. (Cashion, Okla.), Vol. 4, No. 22, Ed. 1 Thursday, October 5, 1911, newspaper, October 5, 1911; Cashion, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc107674/m1/5/: accessed March 18, 2019), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.