Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1891-01-31
Financial Legislation.
Western Rural.

| WcbtcIu Ahutuis
II need never DO hoped that there
will ever be any financial Legislation
or proposed financial Legislation, that
does not recognize gold as the onl!
proper money, that will not provoke
Intense opposition and the prophecy
of disaster. Among the ohjeciOrs 10
other money than gold are first the
Shylock robbers who desire 10 prac.
| iirc their practical communism and
tlcspoil The people. II is the study OF
their class how best to pinch the debit
or and how best 10 rob the public.
The most acceptable plan is to make
money scarce and dear, and all the
power of the Wall streets aud money
loaming sharks of Tue country have for
years been bent upon the perfection OF
that plan. Even silver is denounced
by this class, and for years not only
has the free coinage OF silver been de-
MED, but the banks, and the brokers
and tho ShylocIs have done their Ut
most TO degrade our silver circulation
Then the ranks of the oneciOrs to
moro liberal financial policy, are
swclle1 by the people who prize things
that are old because they are old
These are the people who have kicked
at every innovation that has ever been
made curing their lives. 1t is u class
that never dies and never learns any.
thing ill all the balance OF the world
has learned it. II Is the class that rid
iculed Fulton, laughed at Morse, sncer-
cd at Edison. pr0phcsicd that the reap
or and moving machine, sewing ma.
chine aud every other useful invention
was nonsense aud worthless. They
must have something that jingics or
they do not consider il money, and
while most Of this class will consent
that silver shall bc used Tor money,
they draw the line at paper
Perhaps it would be well enough for
even those who believe That legal ten
der paper is good enough money for
practical purposes, 10 recognize the
fact that Il metal basis OF currency IL
and will continue To be demanded by
a very large proportion of our people,
and 10 seek To make compromise in
order that our circulating medium
NAV be increased, and our financial
system bcttered. Suppose We start
out with the proposition that the gov.
issue all The money, and that
the notes which the government issues
shall be redeemed in gold or silver, The
latter, of course 10 enjoy free coinage.
Then follow this with the proposition
that the government issue say iiiiy per
cent more notes than ii has coin for
OF, or for that matter il
nigh, make the proportion still larger
and then bc much better prepared 10
redeem the notes than The hanks are,
for il is a notorious fact there is not Il
bank in existence that could stand q
run without outside help. Add to
this a feature hy which The farmer
could borrow money with as much fa-
cilitv as other classes can borrow II,
aud why would not this plan prucIic-
ally cmbody all the principles advo-
Gated by all classes, except The gam
blers of Wall street and ten percent u
month gang! The trouble with sn
many different ideas, and are 50 per-.
sistent IN demanding that they shall
be adopted, that nothing is accOm-
plished. II is our duty TO see il we
cannot make u compromise and get
when we start out TO effect
q reform.