But we are told that paper money, greenbacks, is all right when they are made redeemable in coin. The word “redeem” should never be used in connection with our money here in the American Republic. According to our big dictionary, redeem means “to purchase back,” “to ransom, liberate, or rescue from captivity or bondage.” Now as we have seen, Congress issues our money and puts it in circulation among the people. Is not Uncle Sam’s stamp on a piece of paper just as good as it is on a piece of silver or gold? If not, why not? Will some one please tell us? Then again I ask, wherein is there any sense or logic in Uncle Sam, the sovereign power in the United States, buying himself back? Where has our sovereign power got to, that Uncle Sam must ransom, or rescue himself from captivity or bondage? As we have seen, sovereign power alone can issue money. That being a fact, Congress alone should issue all our money, whether coin or paper, and it should all be made a full legal tender; and no one kind “redeemable” in another kind; with no state or National note circulation as a substitute for money. Another very important consideration is that it should be issued in sufficient volume to effect all our exchanges on a cash basis, or as nearly so as possible; for debt and usury, now called interest, is the present curse of every civilized country on earth. This accomplished, the Government should establish Postal Savings Banks in every city having a population of two thousand or more, where the people could deposit their surplus money, until needed, in perfect safety, paying a small per cent. just as they do for insuring their buildings. There is always a ratio existing between the total volume of money, free to flow in the channels of trade, and all things on the market for sale, including labor. This ratio is called—price. Statistics show that we had our largest volume of money at the close of the Civil War. In 1866 we had $80.00 per capita. We then had high prices and every man willing to work was employed. There were no tramps on the road begging for work or something to eat. The accursed policy of contraction then commenced, at the instigation of the “Power” that was aiming to “be master of our industries and commerce.” Contracting the money volume continued until 1878, when we had less than $20.00 per capita. Then our roads and city streets were full of tramps, so-called. No work was to be obtained. Shops and factories were closed and farmers did their own work. In 1866 there were but 520 failures in the United States with liabilities amounting to $8,579,000. In 1878, there were 10,478 failures with liabilities amounting to $234,383,132. Such were the effects of contracting the debt-paying instrument of our country at the dictation of Wall Street money tyrants.