One hears a great deal said about the necessaries of life. We talk of raiment to clothe us, houses to shelter us, food to satisfy our hunger and fuel to keep us warm, as the necessaries of life, but none of these things can be counted as any more necessary than money, for before we can procure these things we must first have money. It is the first necessity of life. Is it not proper that it should be put under the control of our Government and its control taken out of the hands of the few?
Let all the people control, by means of a proper Government, this first great necessity.
People’s banks will protect the depositor and make his deposit secure.
People’s banks will relieve the borrower from the money shark and usurer, as a fixed legal rate of interest only will be charged.
Let us have people’s banks, and the power of money, which is now given by the millions of depositors in this Country to a few men, will be taken out of the hands of the few and returned to the people through their Government. Wall Street will be transferred to Washington.
Let us have people’s banks and the investor will not be crushed to the wall by a panic, as they will be a thing of the past. Investments will be more stable and more secure.
The standard of value will be fixed for all time, tariff laws will need no amending and changing from time to time, and cause restlessness and uneasiness in the public mind, and every man will have an even chance with every other man in his race for a livelihood.