Browsing By Tag "winsted press"
Leland Stanford’s Land Bank. [Liberty, June 7, 1890.] The introduction in congress by Leland Stanford of a bill proposing to issue one hundred millions or more of United States notes to holders of agricultural land, said notes to be secured by first mortgages on such land and to bear two percent interest, is one of the most notable events of this time, and its significance is increased by the statement of Stanford, in his speech supporting the bill, that its provisions will probably be extended ultimately to other kinds of property. This bill is pregnant with the economics (not the politics) of Anarchism. It contains the germ of the social revolution. It provides a system of government mutual banking. If it were possible to honestly and efficiently execute its provisions, it would...