Page:American Journal of Sociology Volume 3.djvu/305

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THE JUNIOR REPUBLIC

291

commonwealth the citizens themselves might have worked out Both Mr. George and the citizens feel this lack of complete self- government, and the plans for 1898 will resume again the demo- cratic trend. Private property in land and all enterprises will

NEVERWORKS'

be arranged for in some way, and the government will have entire control of the volume of currency.

At present the currency is easily kept at par, as far as the purchase of necessities is concerned. United States money has, of course, a wider value, but if the treasury of the Republic had an adequate reserve of candy with which to redeem its currency, the par value of the same could, in all respects, be steadily maintained. The management wishes to arrange for the redemp- tion of a certain portion of its currency in United States money when the citi/nis return home, but at present the only redemp- tion for the savings of the citi/ens is Mich clothing and pro- visions as may happen to be on hand. The outgoing citi/ens occasionally retain their Republic money and brin^ it back the