The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1875-10-20
'.Therc WINS NIilltopsin 49,

rs Don Piattsil1 his Washington Capitcl
of the 10th, gives the, following; personal.
history ofthe act#of Congress ordering
the payment Of the $40 bonds. In gold:
That the passage 81 the resolution bind.
ing the governmental a paym ent in gold
was prelneditated Wall Street design,
to depreciate the currency and augment
the value Of bonds, we have the very
best evidence. We were sitting in the
committeeman Of the District of Column
bia, penning a letter, when a gentleman
well:known to the world of stock-gamb-
lers came in : We had lamentcd, in his
presence, q few days before, our ill-luck
in not being able to speculate in stocks
as we. saw others doing, and to
realize. handsomely from such specula-
tions, as several Of our brother pen.driv-
ers had done. Our friend now came to US
ITO say that he had an opening, through
which good thing might be secured, and
when this opening came to be explained,
1t appeared IN resolution, carefully pre-
par ed, that had been placed in the hands
of the chairman Of the committee Of ways
and means. to be offered '4on the first op.
portunlty. that pledged the government
TO the payment Of the bonds in gold.
:'This,' he said, will send the bonds up
to par, and then. if we can manage to
make the government anticipate some Of
its Indebtedness, the bondholders will re.
alize enormously. Don't you see now,
sir, your chance!. Come in with US. A
little carried for you will make you inde-
pendent. But We said, How are you to
pass it, We all know that it was never
intended to make such distinction in
favor Of these bonds. They were bought
with greenbacks for mere song. and for
the government thus to stigmatize its
own currency while indo1sing these bonds
is simply infamous, and will be SO re.
garded by the people. We have twenty
years in which to redeem this bonded
debt. In that time we can fetch our cur
rency to par, ending thereby all question
as to the mode of payment. To make
the distinction you propose is an infamy.'
There You go!' he cried. 4 did not pro-
pose to discuss the morality or
the justice Of the move: I only wanted
to show, as friend, how YOU could
make a fortune without risking cent.
You cannot help it. Nearly all the Con-
NoSAAASh AO"A StA1A IS III 14OuSc Guu Oc1l.
ate, have more or~less Of these bonds, or
will have them before the vote is taken,
and quite number will come out Of the
transaction mlllionaires. Not pass it!
Why, you innocent, it will be passed
under patriotic cry of no reputation
the plighted faith of the government
must be sustained! and stuff of that
sort Then, we responded, it is consid-
cred right to repudiate the debt owing to
the people in the shape of currency, and
shameful not to enable ring of specula-
tors to grow rich in the distress Of the
country. for that is what it means. The
men who boast so loudly Of having saved
our flag in its hour Of peril, have used
that flag to cover such infamies as these !;
and now the Democracy of Ohio, with
victory almost within their grasp, turned
back on their time-honored principles. on
all their transactions and glories. take up
the rele where the exposed theorists were
forced to abandon it, and cry aloud for
more worthless currency