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

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Some men may make large fortunes
by it. l grant that, but who lost the
difference between the price OF silver
now and the value of silver when it
was demOnetizedp Then it was worth
8 pei cent more than gold. and now it
is worth only "a cents as bullion.
That depreciation in the price of silver
was brought about, as the English
fnancier, Ernest Seyd, has told us.
solely by decentralization. The world
lost by characterization, let me say
regretful'y, far more than spectators
will make by monetization. Had
the United States cOined silver to the
full capacity Of the minis since 1873
we would now have $40U, 100000 of
silver in circulation and our people
would be prosperous. Besides, sir, it
comes with gerry bad grace from men
who have specialized upon our blood
and suffering during the internecine
strife, who specialized upon that war
until they have become proud
and void of love or respect for the
poor, rs has been shown upon this
floor by members of congress-it
comes | say. with bad grace from
those who have specialized upon the
misfortunes of the people, aud who
are now specializing upon the misfor-
tunes of the people, to say that ii we
give back to the country its stolen
silver somebody will make something
by it. 1t is the expedient OF men
who are conscious of being in the
wrong, of men who have been guilty,
Willingly or unwittingly, of great
national crime. The people will profit
by reconciliation.
Now, Mr.. Speaker, resumption was
another step in the great scheme
which included the demonstration of
silver, The resumption act was one
of the trinity of infamies fastened
npon the American people by that
diaholical plot. What was the plea
for that actP 1t was that we should
pay our honest debts, that we should
pay the debt created by the green
back. This was the plea of the repub-
lican party all over the country; that
the government ought to pay its hon
est debts. l wish TO show right here
and now the hypocrisy of that declara-
ton. l say that the resumption act
was not passed for the purpose of
paying our honest debts, but for the
purpose of increasing the bonded debt
of the country.
You know, in the first place, there
was promise of slight imitation,
that the greenbacks should be with
drawn down to $500. 10000 under the
resumption act, and for every $50 Of
greenbacks withdrawn there should be
an issue of 800 of bank notes, so that
there would be u little "elasticity"
given to the currency, slight intlla-
ton; and yet everyone knows that
under the operation of the two acts, Of
June 20, 1874, and the resumption act
of January IA, 1875, the currency has
been greatly decreased, both national
bank and legal tender, so that today
we have about $l0O,000,0O0 less than
when the resumption act was passed.
But let me show that the design was
not to pay our honest debts. Why
did the government sell its surplus
gold coinP From July, 1. 1867, to
September 80, 1876, the government
sold 1922, 100000, 1t sold this amount
in the markets of Europe and America
after having met all of its coin obi
cations. That was more than was
necessary to pay every dollar of our
greenbacks without issuing bond.
Continued next weekly