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Answered: - How does the union of farmers and workers, called for in the


How does the union of farmers and workers, called for in the platform, differ from coalescence of corporate power which the platform opposes?

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?FINANCE.?We demand a national currency, safe, sound, and flexible, issued by the general government only, a full legal tender for all debts, public and private, and that without the use of banking corporations, a just, equitable, and efficient means of distribution direct to the people, at a tax not to exceed 2 per cent. per annum, to be provided as set forth in the sub-treasury plan of the Farmers' Alliance, or a better system; also by payments in discharge of its obligations for public improvements. 1. We demand free and unlimited coinage of silver and gold at the present legal ratio of l6 to 1. 2. We demand that the amount of circulating medium be speedily increased to not less than $50 per capita. 3. We demand a graduated income tax. 4. We believe that the money of the country should be kept as much as possible in the hands of the people, and hence we demand that all State and national revenues shall be limited to the necessary expenses of the government, economically and honestly administered. 5. We demand that postal savings banks be established by the government for the safe deposit of the earnings of the people and to facilitate exchange.?

Also,

?The national power to create money is appropriated to enrich bondholders; a vast public debt payable in legal tender currency has been funded into gold-bearing bonds, thereby adding millions to the burdens of the people. Silver, which has been accepted as coin since the dawn of history, has been demonetized to add to the purchasing power of gold by decreasing the value of all forms of property as well as human labor, and the supply of currency is purposely abridged to fatten usurers, bankrupt enterprise, and enslave industry. A vast conspiracy against mankind has been organized on two continents, and it is rapidly taking possession of the world. If not met and overthrown at once it forebodes terrible social convulsions, the destruction of civilization, or the establishment of an absolute despotism.?

Basically the big banking industry and holders of capital have limited the money supply. The farmers and workers want the money supply to be increased so that they are able to repay loans and have stable prices for their assets so that they do not lose value. Part of the answer to their problems in their mind lies in proposing the following:

??????????????? ?1. We demand free and unlimited coinage of silver and gold at the present legal ratio of l6 to 1. 2. We demand that the amount of circulating medium be speedily increased to not less than $50 per capita.?

 


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