Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-06-10
GOLD BUGS AND AMERICAN
sECURITIEs.

One Of the most persistent argu-
ments Of the gold bugs in favor
OF the gold standard and the ignoring
Of silver coin dollars as money
Of ultimate redemption Is the contin-
usd cry for protection Of American
securities held in Europe; that . fear
exists across the Atlantic that the
voice of the American people may OF
least be taken notice Of. and II such
be the case that . great many OF those
stocks would then be paid on return to
this country in silver; that notwith-
standing those securities being sold on
the pledge Of being redeemable in gold,
the United States remonetizing silver
and silver not being recognized abroad,
those stocks would naturally lose 10
value and consequently the holders OF
those securities are now and will be
unloading them, thus causing great loss
10 the aggregate value unless the
United States will come to their re-
lief and ignore their own statutory
laws making the silver coin dollar legal
tender for all debts. By what kind OF
logic or sound reasoning shall the Gov.
eminent be compelled or even asked to
sustain the promises of these owners OF
American bonds and securities to be
paid In gold! Are not all the bonds
issued by the United States payable in
gold and silver coin except the inter
est on those bonds which is to be
paid In gold? Why then shall the
Government step in on the demand OF
Wall street and ignore its own cur
rency to sustain the stock gamblers in
their demand for gold with which to
hold those securities from going the
way all illegitimates are bound to ter
inmate sooner or lateri Take for an
example the bonds of the assisted
raiiroads-the Central, Union, North
ern Pacific and others. These roads by
their land grants and subsidies were
virtually built by the Government OF
the United States and made presents
OF TO those different corporations. Not
satisfied with those princely gifts those
corporations watered those stocks to
many times their original Investments,
and by robbing the people in exorbitant
charges for transportation so as to pay
dividends on the watered stocks and by
further promises TO make bonds issued on
these stocks redeemable In gold, they dis
posed Of them in the money centers OF En-.
rope and America, thus making them
selves many times millionaires, yet at
the same time keeping the control of
the corporations.
What do the people, the taxpayers OF
the country, care If those millionsires,
those holders Of inflated stocks carry.
ing q fictitious value. do get cinched and
lose portions of their illgotten wealth !
And If they do go to the wall il will pre-.
vsnt them in the future from using as
they have in the past large sums to cor
rupt the Legislatures and the Courts to
sustain them In their m~ethodical rob-
berries. But the people do not care
about other things. The time lie draw.
Ing near when they will no longer sub
NIT to being misrepresented by Con-
gresses and administrations which in
disobedience to the often expressed de-
mands Of the people have as often re-
pudiated their pledges on which they
were nominated and placed in power
only to comply with the demand OF
Wall street, the banks. corporations
and aggregate capital.