The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-10-28

why England, who holds the bonds
of other nations, should want those
bonds payable in single metal, or
dearest money. The money dealers
OF Germany, England and the United
States own the bulk Of the funded debt
Of the world, which now amounts to
$32, 000,0O0,O00, mostly contracted in
flush times.
Capitalists readily saw that II they
could strike down as legal tender
money one.half of the metal money of
the earth and make this enormous
funded debt payable in gold alone, it
would be greatly to their advantage,
The people should thoroughly under
stand this also. They are beginning
to understand ii, and are everywhere
and almost unanimously demanding
that silver shall be thoroughly rein
stated. Thus we are brought face to
face with the great fact that demone-
tization was the result of u great In
ternational conspiracy, inaugurated
by men who had fixed incomes as
against, and to the detriment of those
who own the great bulk Of the prop
erty of the world.
Now, wish to speak as to the speci-
fic intent in this country. 1t is we'll
known that the ponds of this country,
1900, 100000 of them. were originally
payable in currency. That was the
opinion of Senator Morton, Of Senator
Sprague, and score of others who
might be named, and it can be plainly
read upon the face of the bond. To
get rid Of that Interpretation of the
law which gave the people the right
to pay the bonds in greenbacks, in
legal tender paper money, the law of
1859, STRENGTHENING the public
credit" was passed. That law took
away from the people the right to pay
the bonds in currency and conferred
upon the holder of public securities
the right to demand coin, But, as l
said before, the silver product of the
world was rapidly increasing, and it
being the intention of those who mani
pulated and fastened upon this coun-
try this enormous public debt that it
should be made permanent.
1t was Struggled through with the
perfect knowledge that public senti-
ment would not tolerate it, and with
the concealed and wicked purpose to
deprive the people the second time of
the right TO pay the bonds according
to The terms the bondholder had him
sell imposed. Silver being laid aside,
coin then means gold, and payment in
gold means that the principal of the
bonds should not be paid at all, and F,
| like the English debt, should remain
inperpetuity! That was the design OF
this legisation have too much con-
fidence IN the good sense Of the gen
tlemen who oppose this bill to believe
they dislike silver. 1t is not that.
They do not want the principal of
their bonds paid at all. They want
the investment undistributed and the
annual interest to accrue, that they
may continue In the coupon-clipping
business. That is the simple naked
truth.
The ihtefeSt was ut first payable in
| gold Substantially, and now, under
the funding scheme, payable quarterly
which enables the gentlemen having
fixed incomes derived from bonds to
compound their interest. Thus per
cent, payable quarterly; is quite as
good as per cent paid as provided in
the 6 per cent bond, and, in fact,
greater when we compare the purchas-
ing power of money now with its pur-
chasing powef say ten years ago. 1t
is true beyond dispute that he is re-
ceiving a greater interest today than
when he purchased his 6 per cents
from the government
Mr.. Haskell-The market quotations
of all stocks and all bonds for 100
years will show that a bond with its
interest payable semi annually is
worth more in the market and can be
sold at par at less rate per cent in
terest than one in which the interest is
payable only annually, and it payable
quarterly you can sell the bonds still
more and at less rate Of interest.
Mr.. Weaver-The gentleman's argu.
ment destroys itself. Why do bonds
sell for high rate in the market when
the interest Is payable duarterlyF
For the reason that when the interest
is payable quarterly the bOndholJerr
can compound it by new loans, thus
making a better investment, 1t is a
pecuniary reason that control them,
and not charity for the people.
thought verify that it was a most re.
markable thing that these people hold.
ing government securities drawing G
per cent would voluntarily come
forward and exchange them for 4
per cent bonds, and l believed
the story so prevalent on the re,
publication stump that 1t wSs the love
Of the b6hdholders for the dear people
that made them willing to surrender
the bonds but when began an in
vestigation Of the matter and saw thai
the bondholder received in this way
more interest than he received before
then saw the cloven foot Of the con-
1 anirapU atickiTO INIT and M Oantlpnn M