The midland journal. (Rising Sun, Md.) 1885-1947, 1892-03-18

the discretion of the Secretay of the Treas
ury 10 either gold or silver coin." The
Secretary of the Treasury's discretion" il
always to pay gold when the English or
Wall street agent demands it., for ii he re-
fuse, the fact would be announced by tele-
graph in fifteen minutes and in Wall street,
in London, in Paris, in Berlin and Frank
fort the announcement would be on the
bulletin boards, that the U. s. Treasury
has ceased 10 redeem in gold. A panic
through Europe and America would be
created, gold would be marked away up at
premium above every thing else, prices of
all stocks aud property would fall, and the
long headed Jew bankers and spectators
who are not fools, would step up and buy
the best securities and properties on the
market for half their value, with the gold
they had locked up. taken from our Treas
ury, through John Sherman's cunnlngly
devised silver bill Of July IA, 1890.
The most obtuse reader can perceive the
precarious condition the whole business
world is placed 10 by this artiice of a
scheming attorney of the money monopoly.
In such panic honest business houses
would topple and fall in ruins all over the
country, while the conscienceless.. thieves
would gather in their plumber, with the
haste and greed and remorceless sangfoid of
band of railroad wreckers.
Need more be said TO bring out in bold
relief the dark infamy of our financial leg
islation which has been all Of a piece for the
last % years or more? 1t has placed
the business of the whole country under
the thumb of gang of English gold ex-
ploiters and stock gamblers who have every
member of the U. S. Senate who can be
bought and is worth buyjng in their employ.
The reconciliation of SslEer would break
up this gang Of pirates. By placing silver
on par with gold in this country will place
it on the same plane throughout the world.
When the United States minis are open for
coinage of all silver presented. an ounce Of
silver no where in the world could he
bought for less than $1.29. Sixty million
ounces annually will absorb all the surplus
silver there is in the world. When the
United States coins that surplus into STAN
dard dollars, the balance of silver that re-
mains in bullion must rise to that price.
All the money specializing powers on earth
combined can't buck against the power
of the United States and keep it below
that point. Sixty-four million of peo-
pie with their annual creation of wealth
aggregating twelve to fifteen billions stand
behind their government, endorsing its de-
crees, and against such force the gates Of
hell could not prevail. Those s'gates" are
nothing but the little gold ring of the
Bank of England.
The present Bland silver bill before the
House is faulty in one very important point.
The bill as presented makes it optional for
the owner of silver bullion 10 have the
metal coined into dollars and receive the
coins, or be can leave the bullion with the
Treasurer and receive legal tender notes in
Its stead. This is very bad feature for two
reasons. 1t permits these notes to be pre-
scented at the Treasury and exchanged for
gold coin when they would be destroyed
as under the present law.
Second, in place of silver dollars being
distributed throughout the country and be-
coming permanent fixture, as it were, in
every neighborhood, the paper representa-.
tive, which collects in country banks when
business slackens up, would be sent to New
York, Boston and Chicago and loaned to
the banks in those cities at 2 and 81 per
cent, while the country banks would sup
ply the slackened demand for loans by using
credit, knowing that in pinch they could
telegraph TO their city correspondents and
receive supply of currency in few hours
by express. In the mean time the Boards
of Trade, ..stock and produce gamblers are
using the peoples deposits, who are a
thousand miles away, to carry on their ne
farious business and paying the city banks
high rates of interest.
The metal dollars could not be shipped
by express without much more expense and
the city banks would not receive large
amounts of coin as call loans. The country
banks would be obliged to hold the coin till
it was needed in the neighborhood where its
depositors reside, hence they would make
loans at lower rate of interest and the
country business would be able to proceed
without such milestone of usury about its
neck as it at present carries. These are
powerful reasons why the legal tender paper
provision should be stricken out of the
silver bill now before the House.