The Wichita city eagle. [volume] (Wichita, Kan.) 1872-1883, 1877-11-29

would have nothing else. remember |
also to have heard au honest German
say he would not have his boys learn |
at school, it made them id rascals. !
We now live in the illumination of
vast public schoo; system, and men
have learned that silver is not money.
Strange, new philosophy. Is il even
so, or has much learning made some
id rascals?
"Let as haze light"
How many of your readers knew at
the time RECOMMENDATION was first agi
tated, what it meant? or that our sill
yer currency had ever been debased ?
Cindidlv. for one | did not, nor have
| found any who did.
Now, why was it demonetized just
at a time when above all precedent ii
was of most value to the Government
t. assist in the contemplated resump-
ton of specie payments?
Why, at the discussion of its resto-
ration to honor, do we find Gus. Bel
mont and J Gould with their cohort of
satellites, printers and strikers, besiege
the solemn council of the Nation, aud
demand that its coin, bearing the i'm
press of the noblest Nation of the
earth, stamped one dollar, shall be de-
based and dishonored for ever?
by their works ye shuU kaow
them"
Who are these men? They are the
great money changers of the temples
and sgnogogucs of Wall street, whose
Golfers are bloated with hidden gold,
whose souls could go through the eye
of needle; who, yultIre like, have
scared above the financial system OF
the Nation from the tribuated hour
OF its creation, as its cell genius, sap
ping, mining and depreciating its
character; growing fat upon the spoils
of its seduction
They are the Philistines who say the
Government shall resume specie pay
ments in 1879; they are the seducers
who seek to render powerless one of
the most important enabling functions
of resumption, in their clandestlne de-
monelization of silver. These are the
men who, with an cffrontery hell would
be ashamed of, say in one breath
You shall aud you sha'nt"
And now why these palpable contra
dictions?
They are shrewd. Finance is their
dream by night AMI the shadow of
their daily walks. They well know
that if they can force the Government
to specie payment in 20, it will be an
ignominious and disastrous failure.
Silver decentralization is, TO the extent
of its proportion in the country, an
embarrassment upon resumption in
gold, inasmuch SIS il enhances the val
ne of gold, by the irrevocable laws of
supply and demand.
In illustration, grant now the Gov
ernment resolve 10 pay specie in 1879.
Say her debt is two billions of dollars.
seven hundred millions of which is in
national and greenback currency. She
has in the treasury Que hundred mil
lions in gold, one-half of which is due
for interest on bonns, leaving fifty mil
lions at demand to assume specie pay
ments with.
The vaults of the treasury are thrown
open with these fifty million dollars in
its Golfers. These money lordliugs
are ready and in waiting. One steps
up with fifty millions of currency aud
sweeps the treasury. The next comes
there is none. The Nation must pay
or go TO dishonor. She must go, per-
haps to the man TO whom she paid this
gold, and buy it back with the same
currency and premium added, to
have the currency appear again to-
morrow in demand of payment by the
same gold. This process must contin-
ne, and gold will advance SO long as it
will be profitable TO these sharpers to
sell it. And how long will that be?
Gold is now at a counter premium
Of say three per cent. Now, if the
premium on gold should be but one
quarter of one per cent, and turned
but once a day for twelve months, it
will pay the seller ninety lone per cent.
per annum aud as no one can gain
without another losing, the buyer
would lose just the same amount.
Hence, an illustration, man with
one thousand dollars i'll gold can sit
upon the curbstoue and sell it every
day, at one-quarter of one per cent,
aud in one year make nine hundred
and ten dollars from its sale, aud go
home every evening with his original
amount of gold and its accumulation
in his pocket. Remember we are
treating with figures now, the only
system among men that cannot lie.
With these facts we leave the question
of its continuance to all candid intel
ligence.
And now what must be the issue?
Multiply this thousand dollars by
the millions Of dollars of our curren
cy, place gold at the premium of to-
day, and the problem, in twelve months
works out colloscan of debt which, an
gold, the combined nations of the |
earth cannot pay. In view of these !
truths, is il wonderful that these bold
gold mauipulators, with the millions
of treasure promised them by the sue
cess of their unhallowed designs, sub |
sidize plastic politicians, sensitive ed
itors and plausible villains to plot and
10 ways and means for the |
plumber OF the Nation? To force or
fatter it to a ruinous attempt at the
assumption of an impossibility which,
failing, discards the honor and credit
of the Nation, that they may hold high
carnival amid the spells and carnage
of the Nations shame.
These gold patriots claim the remon
citation Of silver fraud and repadia-
ton. And pray, what do they call its
If it has no other
re call it devil Hear the echo: Lord
IS il L? They also claim it to be rob-
,erY of the hondholders. Well. for