The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1878-01-16

the part OF these gOld-bugs of the East.
The New York Tribune says: "The
methods OF the bonanza school con-
sist OF direct, shameless and confident
appeals to the supposed rascaltty Of the
country" .""Ras seality" is good, as coming
rom the defenders Of the characterization
la " of 1873; decidedly ricu! rhesame pa
pc: speaks tiippantly OF "the mmorali-
y OF the silver swindle;' and OF the
movements to debase the currency"
by restoring silver dollars. 1t also says
that" hese men (adVocates ofsilyer) )lold
a belief in a national conscience 10 be
the most uusubstantIal of ofhalluciHations
which infest the human mind." A "cen-
SCIENCE" forsooth, is something Of a
new invention after robbing tne Nation
OF It's silver coinage ard compelling the
payment of the Natiou's debts in only
one coin to crafty The greed of European
bondholders, when the contract itself
stipulated Tor payment at option in two
metals instead of only one. These are
but specimens of the high piety ex-
pressed by the gold-bug RUG III regard
to the restoration o. our silver coinage
| to its former place as the money of the
people.
| Alarmed at the great and rapidly
growing strength of this silver move
ment throughout the country. the bank
ers Of the East recently called con-
vention to censider of this thing. The
cities Of Boston, New York, Phlladel-
phia and Baltimore were invited, and
these only. To this financial banquet
Of the gold-bugs of the East, not single
Western city or banker was invited.
The bondholding representatives mad it
| all their own way. The viands were
all of their own cooking. And they re-
| solved that "making silver dollars OF
4l4H grains u legal standard for the
payment Of all debts" &c, would be a
monstrous affair that would somehow
WORK deterioration of their public Sc.
curlties. And it took just one hundred
and thirty-four words in one single
sentence without taking breath TO ex.
press this momentous idea.
At about the sams time the cotton
brokers and bankers Of New Orleans,
dealing In European bills Oh cotton &C
count, also held a meeting, a. wAicl
they "resolved,' among oiuer things
that gold is ''the recognized standard oI
value of the world" Tuis statement
itself abs olately untrue, they managed
to express in single sentence Of two
hundred and thirty-seven words with
out pausing ior breath. This gold-bug
literature is becoming exceedingly yer.
tbose.
! The cotton brokers of New York have
also put in their oar to help paddle thi,
tgoId canoe. They said it would be "im
possible to resume specie payments
with seven huadred millions of green
backs in circulation" Certainly I
would, with our silver discarded. Bu
those cotton-stuffed gold-bugs ought tt
have known that the greenbacks in Cir
tculation do not quite equal one half y
their seven hundred millions. But these
lcotton-clad gentlemen go further still
land stentoriously proclaim as follows
}"One thing the merchants of New YOrl
and OF the Cotton Exchange have decided
upon, and that is, that an unlimited sill
yer bill will never be submitted to-
That is the way thoy argue the point
Ea nf ie
in 1861. And they furthermore threaten
that 1--WE will make our future loans or
a gold basis Here we see the m oney
lenders coming to the surface again
In the same meeting Of brokers one O
their speakers said: 'If the Silver Bill
: passes, our bonds will come back taste
than we can take care OF them, 30 tha
: we can't sell one million OF dollars
day without breaking the market" Tht
misfortune to the country would indeet
: be APPALLING, were the business Of thes
boud-sellers curtaiIed below a million
day.
We find also that brokers beyond the
water are trading on these clam0ri
, against silver. The New York Tribune
of January publishes a card issued b,
"Gumble Brothers" at HeHbronn
stating that Congress Is about to pass 6
law making all "bonts Issued before
1875 PAYABLE no longer in gold, but ii
silver only" And then Gumble Bros
add, "We recommend our services TO
the purpose of effeeting change OF in
vestments.;' And even such man a
: Prof. Sumner, in a public lecture at Chi
cago. q few days ago, made this idIoti
statement: "France, as a matter Of fact
has not had silver in use for twenty -fvt
years. There is no schoolboy in Obi
that does not know the talsity Of tina
statement.
So, from ali sides 1t is seen that the
opponents of silver money are daa!in
in untruths, in clamors, in threats, i
denunciations, in Misrepresentation, il
tpious frauds, and all in furtherance Q
special money interests as represented
, Dy bankers, bondhoIdsrs, brokers' an
money. lenders of every degree. Blu