The Pamphlet Collection of Sir Robert Stout: Volume 4
Solution of the Money Question
Solution of the Money Question.
Cannot the American people live and thrive if gold and silver be extinct?
Cannot the votes of the nation make paper money a legal tender for all dues when issued by our government?
Cannot every postmaster be employed as a government Banker for the community in his section?
Cannot every man borrow money at two per cent, yearly interest by giving a mortgage on real estate at half its actual valuation?
Cannot each postmaster furnish bonds and full security for all money required from the U. S. Treasury for his neighborhood?
Cannot interest at two per cent pay all expenses of the government and the salaries of each Postmaster?
Cannot each man able to borrow set at work those who cannot, thus furnishing employment for all?
Can money panics exist when gold and silver are not coined or regarded as money or the basis of values?
Do people prefer to carry coin or paper money?
Is there no possible road of progress in finance on sound and safe principles, while the steam-engine takes the place of the lazy coach, and the telegraph is our post-horse?
Do not all bankers, brokers and all money-lenders cry aloud for specie payments?
Are they content unless they can obtain a high rate of interest or a heavy bonus?
Do not farmers, mechanics and all the producing classes of the nation need money at a low rate of interest to make investments profitable or safe?
Is not industry paralyzed in every department, and sinking lower every month for want of money at a low rate of interest?
Does not Wall Street exert a greater influence over the financial departments of the nation than the government at Washington?
Do war and devastation give work to all, with plenty of money to every person?
Do profound peace and plenty cause soup-houses to be opened for starving men and women?
Are the efforts now made for a return to a specie basis causing the bankruptcy, privation and suffering of thou page break sands of our best families and business men at present?
Will all the gold in the world (outside of the larger sum sunk in the ocean) furnish each person with one dollar a piece?
Shall a million be penniless for each millionaire?
Are gold and silver a proper basis while the Bank of England issues one hundred dollars in paper with only fifty dollars in specie to represent it?
Is not the cry for inflation senseless if more paper is to be issued, promising to redeem it with coin?
Do we need gold or silver in future except for ornament, manufacturing purposes, or exchanging with foreign nations after fulfilling our present obligations?
Cannot a sound and safe system of finance be founded by the government safe from panics or bankruptcy, adapted for the many (not the few) furnishing life and the highest activities to every department and branch of industry, and work for the starving thousands and the highest prosperity to the nation?
Cannot this be accomplished by throwing overboard a false and conservative system of baseing all values on coin and which is tossed by the Bulls and Bears in Willi Street and money-lenders, causing panics and demoralization everywhere?
Cannot our system of government be made strong enough to protect and defend the middle and lower classes, and save the weak and struggling from the rapacious and greedy jaws of those who never add a dollar to the real wealth of the nation?
Cannot the united voice and votes of the middle and producing classes accomplish a thorough and radical change and bring into active and successful operation a sound and safe principle of finance in every city and ham-let of the United States.
The above is a very brief outline of the questions answered in this book, entitled—Solution Of The Money Question. It is a work eagerly sought after and readily sold. And is hewing out a new highway to safe and commercial prosperity, from amongst the brambles, thistles and rotten wood of aged conservatism.
Its author is a careful, cautious and successful man in business, who would not be guilty of misleading the ignorant, and does not fear the sharpest criticism of the educated.
A solution of the money question is of the most vital importance to every person in the United States, and is attracting the attention, at the present time, of the whole nation; every individual, of whatever politics or party, read with avidity everything that betokens relief from the grinding oppression settling down like death upon the activities of this enlightened and powerful republic.
This book is printed in pamphlet form.