The Great West

THEY SEE IT AT LAST.

Even the Bankers and Business Men Are Beginning to Understand What is Meant By the Term Money Power.

Mr. J. P. Holden, of Emporia, Kan., a banker and lender of eastern capital by profession and occupation, has written and published a book to which he gives the significant title of "Metallic Money and Hard Times." In this book Mr. Holden comes out unequivocally for the demonetization of both gold and silver and the establishment of a scientific system of finance, which shall use and recognize nothing but legal tender absolute paper money.

His preface reads as follows:

"It is within the power of 210 men, constituting a majority of the American congress, by a single just legislative act, to produce among the industrious people of the United States an era of unprecedented prosperity, among whom now reigns industrial depression; an alarming condition of private, corporate and municipal indebtedness, and the evils generally that are inseparable from the centralization of a nation's wealth in the possession of a few of its citizens.

"This seemingly exaggerated statement will, in the opinion of the writer, form of value; necessarily proves injurious to all wealth producers and property owners."

The publication of this book and the utterance of these sentiments by the author are significant and noteworthy events. Just as sure as the dwellers in the cities (the professional and business men and all those myriads engaged in the labor of distribution) examine into the soundness of the principles and the justness of the demands of the Farmers' Alliance, just so surely will they become willing and earnest workers and voters for such demands. "Intrinsic value," "specie basis," usury, all must vanish in the light of investigation to make room for a scientific and equitable monetary system.

GEORGE C. WARD.