into consideration the fact that the city treasurer has been collecting money from taxes, etc., and putting it aside in order to pay this warrant, principal and interest, and that while this fund is accumulating more money is going out of circulation than went into circulation when the warrant was sold. The truth of the matter is, that money has been steadily going out of circulation by this very process. As before mentioned, over one thousand various school-district, street, bridge, road, park, public-building, city, county, fire, water, state, and other funds are being kept in existence by the present glorious system of finance used in this state, which is true, more or less, of all the other states as well. In each of these funds, a small amount of cash has accumulated, but not enough in the majority of cases to call in an outstanding warrant. As a rule this money cannot be transferred from one fund to another, although in the aggregate they must contain over $1,000,000. If we had one fund only, in connection with a system of transferring money from one sub-state-treasury to another, the above condition of affairs need not exist.

Now arises the question, "What shall we do with the present outstanding warrant indebtedness? It must be understood that, with the old system or with the new or with a combination of both, in order to continue to do business, it will be absolutely necessary to enforce the payment of delinquent taxes within some specified time.

In order to facilitate the redemption of old district, city, and county warrants (some of which, by the way, have been outstanding for four or five years), the state, after having made a careful investigation into the condition of any district fund and its delinquent tax-rolls, and after having determined as to the legality of its floating indebtedness, shall issue non-interest-bearing state warrants amounting, for instance, to twenty-five per cent of the legal outstanding warrant indebtedness, and shall exchange the new warrants for the old ones, principal and interest, without reference to numerical order, first come first served. When this amount of delinquent taxes shall have been collected in this partic ular district, thereby redeeming a corresponding amount of the new state warrants, repeat the process. The old debt will be rapidly extinguished by this plan, and I fail to see where a conflict can arise between two systems.

Bridge and public building contractors have told me that this new state warrant is the one wanted. They will figure their bids at par and pay their employees and material bills with these warrants. The largest taxpayers in the state of

Washington inform me that this warrant is to be preferred above all others, and that they stand ready to accept it at par in payment for real estate, no matter what the magnitude of the transaction may be. The merchant will accept the warrant for his goods because he has his taxes and water rents to pay. The merchant will pay a part of his clerk's salary in warrants because the clerk has to pay taxes and can use the warrants for this purpose. The warrant will be accepted for rent by the landlord because it pays taxes. The farmer will also use it.

It is obvious, therefore, that the objection that the merchant must sell his warrant at a great discount to raise cash to send to the non-resident with whom he deals fails completely when we remember the numerous uses or demands for the warrants throughout the state and their intrinsic value as redemption money. It may happen that the merchant may possess more warrants at some particular time than he can use right then, but on account of the general demand for them to be used as local currency the temporary discount will be very small.

Furthermore, on account of the increased facility with which redemption can be made, the demand for redemption by holders of warrants will become less and they will circulate more freely in the capacity of money. If any individual state in this Union will adopt the foregoing plan of issuance and redemption of warrants it can soon free itself from the clutch of the money power, for while I have said nothing about this warrant as being money, still it acts in the capacity of money. The old style of warrant immediately after being issued finds its way into some vault, where it remains out of circulation, in addition to causing the circulating medium to be steadily robbed by the withdrawal of what is termed discount and interest. The new warrant, on the other hand, immediately goes into circulation to the extent of several millions of dollars per annum. Which will you have, a district warrant worth fifty or seventy-five cents on the dollar and redeemable in one way only, or a state warrant, redeemable in a thousand ways? This plan can be extended to two or more states, and the warrants of one state can circulate in the other and be receivable for taxes, all balances being settled monthly or weekly through clearinghouses.

If extended to cover the entire nation, the plan would be, in brief, as follows; Let all rolls, excepting for interest on bonded debt, and other estimates from each state be turned over to the United States treasurer. He will issue to each

state in United States non-interest-bearing warrants the amount called for upon the rolls and estimates. These warrants will be redistributed to the various districts pro rata as outlined in previous pages. They will then be paid out for salaries, public supplies, improvements, etc., in the same manner and for the same purpose for which the two hundred thousand different kinds of warrants are now used. The issuance of all other than the United States warrant to be stopped; refunding of old warrants to be as I have outlined. Then the new United States warrant is to be accepted anywhere in the United States in payment for taxes, without reference to numerical order and without reference to the district from which it was first issued. All necessary precautions can be taken to prevent counterfeiting or overissue. This plan will put into constant active circulation at least one billion dollars more than now exists.

The bankers of Wall Street and officials at Washington, D. C., are planning and scheming to advance and put into operation some method of issuing paper money backed up by pure unadulterated wind. Every dollar issued under my plan will be backed up by over thirty dollars in real estate, and every dollar of this new paper must be redeemed or someone will lose his property, for the warrant is a first mortgage upon property and must be paid within a specified time. The old plan compels the individual to pay his taxes in cash, no matter how little money there is in circulation. The new plan advances the money (or its equivalent) with which to pay the taxes.

This matter will come before the legislature of the state of Washington at its next session, and as it is advocated by our leading taxpayers, I feel assured that some action will be taken to put the plan into operation at an early date.

ful

As surely as will the moisture which arises from the surface of the ocean and which falls as rain and snow, filling its various functions by invigorating the vegetable and animal kingdoms of the earth and by ministering unto the numerous wants of man, be compelled by the everpresent law of gravitation to return to the source from which it came, just so surely will these warrants, issued by the state to its individuals, buy products, pay debts, effect transactions in thousands of ways between man and man, and finally, under the ever-present pressure of the state for the payment of taxes, be compelled to gravitate toward the source from which they came and thereby be redeemed.

THE ZEALOUS MOSLEM.

BY EMMA GHENT CURTIS.

In a picturesque vale of the Orient bright

Lived men who loved science and learning;

They counseled together and voted a tax

For a school which should answer their every yearning.

Some Ghebers, I'm told, had long lived in the vale,
And a Brahmin or two had residence there;
Moslems were many within its confines

And one Christian merchant breathed its soft air.

The school was set up with fitting display;

The matter of science was made a strong feature; And as one might expect from conditions that reigned A brilliant young Moslem was chosen as teacher.

The sons of the residents hastened to school,
Commanded to peaceably study together,

To learn all the secrets of sun and of moon

And the whys and the wherefores of changeable weather.

The brilliant young Moslem most pleasingly taught

The secrets of suns and of science,

But he furthermore urged with unwearying zeal

His flock in Mahomet to place their reliance.

"Hold! hold!" cried the Ghebers; the Brahmins cried "Hold,
We pay our full share of the wage you receive";
The Christian said darkly: "You pocket my gold,
Yet teach you my sons a false faith to believe."

Said the teacher: "Tis true I am paid by you all,
But in teaching my faith I do only the right;
My faith is the true one, all others are false;

I shall slight no occasion for spreading the light."

Christian, Brahmin, and Gheber insisted in turn
That his own faith, or none, should be taught;
But such infidel boldness so freely displayed
On the teacher a fainting fit brought.

All protests were useless; the Moslems were strong,
They outnumbered all others twenty to one;
So the few paid their taxes and fretted and fumed,
But the will of the Moslems only was done.

Said the Christian one morn, "How wicked it is

To tax man for a purpose that fills him with fears."

Said the teacher, "What a good Moslem am I,
Thus to force the true doctrines on infidel ears."

BETWEEN TWO WORLDS.

BY MRS. CALVIN KRYDER REIFSNIDER.

CHAPTER V.

About three o'clock the next afternoon Ruby sat in the gallery waiting for some of her father's pupils to appear. It was a pleasant way of disposing of a leisure hour or so, and she could appreciate it, too, inasmuch as she had gone through the same drill and was now an accomplished elocutionist. She had lost herself in some inward reflection when at length a clear, round, penetrating voice roused her.

"Your Honor, and Gentlemen of the Jury."

"Your Honor" expressed deep reverence and lofty regard.

"Gentlemen of the Jury" was uttered in such a tone as to win the heart of every juror. Then came the same appeal in defence of the man on trial for his life that she had heard her father make the day before. Her father sat in the high-backed, crimson velvet chair, the judge of the unseen criminal, and listened to the eloquent appeal. The ardent pleader argued in that earnest, convincing tone which carries conviction to every listener; he pleaded with all the pathos and energy of a soul for a soul, now bringing forth the dreadful temptation, the overmastering spirit of some unseen devil, and lastly he brought the picture close home so that each juryman might put his own son into that criminal's stead and ask, "How would I that others should do to mine were he on trial for his life for this crime?"

Ruby saw that her father was proud and happy. The young speaker had forgotten all else. No need now to remind him to dwell on his vowels and strengthen his consonants. His soul went forth in every word he uttered; to him a life hung upon his words, his tone, his gestures; there seemed to be no thought of fame nor honor for himself; to be felt as well as heard was his aim-to convince men as he was convinced-and he had succeeded.

When he had finished her father rose and took his hand and gave him most cordial words of congratulation. "You have found the key; remember always to use it so