If, however, the fiction by which bondholders enslave the people still
holds such power over our legislators and the public mind that the
menace of the growing army of unemployed, the injury to the state by the
enforced degradation of her children, and the continued unproductivity
of both soil and industry must go on unless a concession is made, it
would be wiser to make the concession than to let the crime against
manhood continue. I therefore suggest that bonds on the land to be
reclaimed be issued to the amount of the national notes used for these
great works in redeeming the now useless land. The bonds issued against
these lands could be cancelled as the lands were sold. I do not for a
moment hold that this is necessary. I only advance this suggestion in
case the prejudice fostered by selfish and interested classes might
otherwise defeat a work of such inconceivable importance.
The inevitable result which would follow such wise, statesmanlike, and
humane proceedings on the part of the government may be briefly
summarized as follows:
Through this judicious, far-sighted, and enlightened course the
government would, first, so strengthen and intrench herself in the
hearts of the people that armories and militia would be little needed
against the menace of lawlessness _within our borders_, while this wise
solicitude and care for the welfare of her citizens would make millions
of persons, who to-day have little or no love for a nation which is
indifferent to their manly cry for work, loyal defenders of the flag. By
such a broad, wise, and just course the United States would do more than
she could in any other way to render herself impregnable in time of
danger. Second, by affording millions of her citizens the opportunity to
engage in productive work she would utilize a vast amount of idle energy
in adding to the permanent wealth of the nation, and the state would be
fulfilling the noble function of government to promote justice, increase
happiness, and ennoble citizenship. She would be restoring hope and the
spirit of independent manhood to her children, and so would prevent a
great increase in beggary, in degradation, and in crime, which must
inevitably follow unless present conditions are radically changed. From
an economic point of view the government would be far richer through the
amount saved from what otherwise would be required to provide prisons,
poorhouses, and court expenses. Third, it would add vastly to the
nation's wealth in increasing by untold millions the annual product of
real wealth, while it would also supply homes for millions of
home-seekers. Fourth, it would bring prosperity to America.
Public-domain text, read in full here on John Shaqi.
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