Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-09-20

That the present panic was vile
conspiracy is becoming more evident
every day. That it was assented to,
or permitted by government officials
who had the power to prevent it, is
so painfully evident that it suggests
completely in the great crime Al
parties now agree that whatever may
be the prime or the real cause of the
present financial troubles, the ap-
parent and immediate cause is a
stop to discuss the question as to
whether this scarcity is real or imag-
mary, permanent or temporary, or
what caused it, but simply proceed
on the hypothesis that it is, so far as
circulation is concerned, actual. The
want of confidence, no doubt, has con-
tributed much towards the general
disaster, and it is to this phase of the
case which we will address ourselves
in part. Many of our readers will re-
member the famous gold corner which
culm mated On Friday, Sept "a, 1860,
popularity known as ''Black Friday"
That corner was broken by the gov
ernment putting out 81 900, 900 in gold,
in the purchase of her bonds, and the
announcement that she stood ready to
put out $50, 900, 900 if necessary.
1t does not matter now whether the
currency is cornered or boarded, or
both. There is currency famine.
The government has idle money IN the
treasury. BY putting this money, or
part of it, in circulation, the govern
ment could not only replenish the vol
ume of currency by what it issued,
but would restore confidence and un.
lock millions of dollars boarded.
either through fear of loss or for the
purpose of speculation off of low
prices caused by the panic The
administration could have done
this under existing laws. Sec
tion 36S9 of the Revised Statutes
of the United States makes a perma-
nent appropriation ''out OF any moneys
in the treasury not otherwise appro-
priated,' of lone per cent of the entire
debt of the United States to be set
apart as a sinking fund for the pur-
chase or payment of the public
debt in such manner as the
secretary of the treasury shall from
time to time direct" The REQUIRE
ments of this act were only partially
complied with during the fiscal year
ending June 80, 1892, and not at all
during the fiscal year ending
last June. The amount due the sink
ing fund from the latter year
alone would have been sufficient 10
have broken the backbone of the panic
The treasury holds at this moment
over Sl0o, 100000 in gold, which has
never been appropriated by act of con-
gress. 1t was arbitrarily set apart by
the secretary of the treasury eight
years ago, as 4 fund for the redemption
of the greenbacks, but it is not now
needed for that purpose. This fund
has been intrencbed upon by Secretary
Carlisle to pay silver obligations.
There is nothing in the way of paying
it out for the purchase of bonds. This
would not only relieve the country
of the present financial stringency,
but would save the government inter
est on the bonds purchased, and teach
the conspirators that when they were
fooling with the financial prosperity
OF the country, that Uncle Sam was
loaded for them. There is not lack of
confidence in the government ability
to redeem all her promises, or to ere
with al the conspirators from Judas
Iscariat TO Hridiebeck & Co. BAT
what do Cleveland and Carlisle do?
Like couple of bcys who have upset
the churn, they stand back and