MONEY CONTROL IS BLAMED FOR MODERN EVILS
MONEY CONTROL IS BLAMED FOR MODERN EVILS Financial Writer Declares Money Monopoly Will Bring Breakdown of Civilization (Special to The Progressive) MONT NE, Ark.—Present day evils in government,...
...Harvey proposed a complete revision of the nation's financial organization with a program that included government owned banks, limitation of per capita wealth, and the teaching of the fundamental principles of free government to children in the public schools...
...I hope you ran help get him some help because Walsh is a.avrat,man for the country.— Geo...
...The selfishness of men high in authority in the world of finance, said Mr...
...3. Character and the fundamental principles of free government to be taught effectively In all public schools...
...W, finnup...
...The lending of credit as a substitute for money has resulted in mortgaging and bonding the people to the five per cent of the population controlling the credit...
...Norris of Nebraska this time, but no doubt they could in six years from now when he will have more line up against him...
...15 J—I was telling an oil man yesterday about...
...So It would be a good Idea to have some good help in there to help him out or they will sure get him, and that sets an example to other men who have courage, and after while our politics will get to a low ebb and (lie people will throw away their government, and have very little to say any more about It...
...MONEY CONTROL IS BLAMED FOR MODERN EVILS Financial Writer Declares Money Monopoly Will Bring Breakdown of Civilization (Special to The Progressive) MONT NE, Ark.—Present day evils in government, politics, and civilized society are due chiefly to the financial system of the country, declared W. H. Harvey, author and authority on banking and finance, before a representative audience from Arkansas, Missouri, and Oklahoma in an address here this week...
...Harvey, has resulted in a monopoly control of money and credit...
...2. A limitation of wealth, no one being permitted to own more than a certain definite amount, such as $100.-000, and all surplus to revert to the government...
...Kans.—Organized carpenters here established the five-day week...
...HELP FOR SENATOR WALSH JGarden City, Kansas, Aug...
...CARPENTERS GET 5-DAY WEEK ARKANSAS CITY...
...Harvey, "results in its monopoly, and in the past has wrecked all attempts at a rising civilization...
...ARK...
...Senator Walsh of Montana, how they were going to try to beat him this November, and he said they would sure knock out Walsh in November as lots of oil money will go in there to do It...
...Included in his program to remedy uresent evils and halt the monopolistic "end of civilization, Mr...
...The money lenders have secured from congress a law by which they can lend their credit at interest for 10 times as much as they have money hoarded in their vaults, thus encouraging the hoarding of the money that ought to be in circulation...
...Usury, the right to loan money," said Mr...
...The value of land and property owned by an individual would likewise be limited to the same amount...
...They could not get...
...Money has been concentrated In the hands of a few people who receive huge Incomes without producing anything in return, Mr...
...Such instruction would be as practical as arithmetic and would require only a short time each day...
...Harvey declared, and unless these selfish Interests that now control the world by controlling money, the life blood of civilization, it will only be a matter of time before despotism and civil war will cause the breaking down of government and the downfall of the present civilization...
...Harvey made the following proposals: 1. Government ownership of all banks and money to be put Into circulation among all people without interest, paying for services and public improvements until the money in circulation is among the people instead of being hoarded in the banks...
...As a remedy, Mr...
Vol. 1 • August 1930 • No. 38
