Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-05-24

uation, and if ali who are really inter
esteo In maintaining a sound and stable
currency would assist the secretary of
the treasury to the extent of their abil-
tiles the existing difficulties would soon
be removed"
From recent issue of the Topeka.
Kan, Press clip as follows:
Nevertheless, the reserve has been
trenched upon and the event gives the
country another evidence of the un-
speakable folly and ignorance which
the goldolators and money sharks bring
to the discussion of the great financial
issue of our time. We were told that
gold would go out if the Bland-Allison
act was not repealed. Awhile ago, the
goldolators and their subsidized news
papers were declaring that the silver
law of 1890 was draining out gold, and
yet on January 1, 1898, the gold stock
of the United States was s649, 7ss, 600 as
against S27S,310, 126 on January 1, 1879.
These figures are official They are to
be found in the report of the director
of the mint just issued"
One of the inexplicable and inscru-
Unable mysteries of modern times is
the wherea bouts of the vast quantity
of gold said to be circulating in the
United States. 1t is true that accord
ing to the report of the director of the
United States mint, there was on jan
uary 1, 1893. in this nation volume of
gold amounting to s649, 7ss, 900. At the
same date there was gold in the United
States treasury amounting to s23s, $780,
Sol, leaving supposed amount in the
hands of the people of s411, 42s, ,2o9.
The national banks held September
80, 1892, s95, ,021 ,952; March 6, 1898, $780,
S75,2 ,235 Assume that they held on jan
uary l, 1893, $97, 42S, 200 Amount to ac-
count for, S314,000, 900.
The report of the comptroller of the
currency for 1892 showed only IS, $50. $40
in gold out of total of $197, 7S9, 1884 in
all kinds of moneys held by 1874 state
banks, 1853 loan and trust companies.
643 savings banks, 416 stock banks, and
1,16l private banks-5,519 in all. But
as there is an item of S122, 600, 600, in
round numbers. under the head of
Cash Unclassified," we will assume
that gold bore the same percentage to
the whole amount that it bore to the
amount classified. Put it at sa3, 900. 900.
This leaves the residue to be accounted
for, 1921, 900, 900.
Where is this gold? Does any sane
person believe that even a tenth part
of such an amount of gold was in the
hands of private individuals on Janu-
ary l, 1898? How many of our 60, ,OOO,-
600 people had 500, $50, or even $50 in
gold in their possession on that date?
How many of us ever see any gold, ex-
cept as we get glance at it behind the
lattice railing of a bank counter? Gold
is not the peoples money and in the
ordinary, everyday transactions of do
mestic exchange, gold coin is almost an
unknown quantity. There is not to
exceed $500, ,00O,O in gold in the whole
nation.
Let us see if the established facts
will bear me out in making this asser.
tion. The total amount of gold stock.
bullion and coin on June 30, 1855. was
officially stated to be S705, ,s1s,S55. In
his report for that year Mr.. Leech, the
director of the United States mint.
officially stated that S27O, 600. 900 of that
amount had mysteriously disappeared
and could not be accounted for. tab
ulate as follows:
Supposed amount June 80 1888. -. -. eos, ,sis,s ,s5s
Onaccounteo for... 900
Amount actually on hand et35. .sis s55
Excess OF exports over imports June
~, 1855, to January l, 1898. .... l50OOoO0o
s2s5. .sIs,sss
Total production same period. III, $4,000
s4Oo,srss s55
Used in the arts same period, say. 7,sis,s55
Gold in United States JanuaryI,
1888. .......... 1858, 100000
II this insignificant sum of gold was
simply commodity in the United
States it would be no more easily OBJ
tanned from us by foreign nations than
it is now, for it is as commodity they
take it now, by weight, and not at it's
money value in United States denomi-
nations. Why should we not demone-
tie both gold and silver and establish
a monetary system under the operation
of which the money of the United
States would be absolute legal tender
paper currency, based upon the ideal.
imaginary unit of value, the American
dollar.
This would free American industries
and save her future millions from for
ever offering sacrifices upon the altar
of the idol of gold. 1t would put it out
of the power of gamblers, spectators,
Rothschilds and Shylocks to exact
tribute from the toiling masses 1t
would free humanity from Shylock's
bonds 1t is doubtful if anything else
will
Metallism is delusion and a fraud,
and the single gold standard is the
acme of satanic devilishness- The
basic fallacy upon which is built the
temple of the money changers is the
stupid sophism that "a measure of
value must possess value" Satanic in-
genuity could not have devised moro
devilish and accursed scheme, or one so
diabolicaily calculated to perpetually
enslave and impoverish the toiling
masses, than has been the insistent in
culcation of the pernicious fallacy
which teaches that the money standard
Is of value, rather than quantitire. and
has taught countless millions OF other
wise sane individuals to substitute the
term, standard of value for the term
unit Of account
GEORGE C. WARD.
They say that soker
was driven to drink by his WIFE, Du-
Lana-Gn xvan aha ~-onI1 A.vo