The weekly Elko independent. [volume] (Elko, Nev.) 1872-1887, 1885-02-15
A aaoos voLArlou q lAv.

man. then Secretary Of the Treasury,
not only cut down the authori1ed coinage
Of silver TO the minimum, but openly
violated tho oath Of once by paying tie
Government balances 70 the New York
clearinghouse exclusively In gold and
gold certificates absolutely refusing 20
obey the Law by which silver was to take
its accustomed place along with gold as
. circulating medium. Furthermore, it
Is shown that at the same time. importers
were permitted to pay the Custom duties
In such money rs pleased them, and
since that time, every succeeding Secre-
tary dow to, and including Mr.. McCul-
loch, have pursued a similar unfriendly
course toward silver to that inaugurated
by sherman. The proof Of the above
assertion is in the fact thatin the twenty-
eight months prior to November 1, 's4.
the Government paid the New York
clearinghouse $3.50, OO0, 600 in gold,
n IN the same time received
from Customs at that port 1928.
$4,000, more than n fourth Of which
was in silver. And yet the country is
assured by these sapient Secretaries that
silver has been given n fair chance, hut
the people ~repudiate it. In the face of
these incontrovertible facts, the conclu-
sion is irresistible that the views and
wishes Of the banks and other monied
institutions Of Wall street are. in the
estimation Of the Treasury officials.
paramount TO all other considerations.
their official oaths even being shame
lessly violated in order to do these Wall
street Shylocks n financial favor. Wall
street opposes silver because the exis-
tence OF a double standard prevents II
from fleeing the public by speculations
In gold, as was done during the period
from 70 to rs, while silver vas demone-
tzed, hence the disposition on the part
OF the U. s.. Treasury to decry that coin
and to use its best endeavors in prevent
ing its circulation, The fact is, that for
years past, the so-called United States
Treasury has been n mere tool of the
Shylocks, and there is reasen TO believe,
a sharer in the spoil. The wishes or in
terests OF the people have cut little or
no figure in the calculations of these
Government financiers, who, installed az
servants, have arrogantly assumed 70
play he role Of master. In their in
hated opinion, their wisdom far exceeds
that of the entire Congress combined,
and when a law enacted by the represen-
tatives Of the people fails 10 meet their
appreciation and that Of their Wall
street colleagues, they sit deiantly
down upon it-and what is still moro
remarkable, without the slightest danger,
physical or Official, attending the perpe-
tration of the outrage.
But the time is approaching, nor Is it
far distant, when the will of the people can
mo- thus be oyerriden by supercillious
officials with immunity. Since the Wall
street cormorants, allotted and assisted
10y their allies Of the so-called United
States Treasury, have by mendacity and
fraud precipitAted q currency war, we
hope with the Salt Lake Tribune, that
the matter will be pressed to a crisis and
that the attempt to bully the Government
into o single gold standard will end in
the establishment of o silver standard
alone. Such q contamination would
teach the John Sherman style of states.
men q valuable lesson in political econ.
omy, md that without injury to the
country. 1t was Mr.. Sherman and his
Wall street partners who confidently pre-
dicted all sorts OF financial disaster to
the country at the reconciliation Of
silver in rs. According to those fnan-
cial wise-acres, gold was to be in conse-
quence, driven entirely out of the coun-
try. The fact was, q predicted by the
friends Of the measure, the gold which
had been boarded for speculation imme-
diately came into circulation, there being
no longer any profit in holding il back,
and from that time TO the present day
the constant aim of the money changers
has been to restore the conditions which
existed for the five years during which
silver was demonetized, and they, by
the discount and premium on currency,
were enabled to fleece the masses Of
many millions. It is these proven-to-be-
false prophets who are now again pre-
dieting, and how any person having the
welfare Of the country at heart can feel
any respect for, or have any faith in
such n coterie of abominable shysters, Il
is impossible to conceive.
In discussing the question the Salt
Lake Tribune argues most forcibly that
the original standard OF value in this
country was the silver dollar. At that
time it was the full equal Of gold. Since
then, from the mines Of the earth there
has been produced Ave gold dollars to
one OF silver, yet in twelve years, from
n premium, silver has been made-golely
by hostile, wicked and stupid legisla-
tion-to ''seem" to fall to fifteen per
cent. below gold. In the meantime, all
the legislation which has been effected
in favor Of silver has been the imperfect
Bland bill, which was neutralized ut onco
by the officers sworn to enforce the laws,
We are gaining in wealth faster than