People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-05-26
THE SCHEME.
UufoIded by the Democratic st. Louis
Republic.

VIII the Rank and File Of the Party Sanction
the Conspiracy? Now Is the time for
the Display Of True Patriotism
Choose ye whom you will serve.
The financial policy which would
be gratifying to those who believe
that the Democratic party ought to
be conducted in the interests of the
Standard Oil Company and other cor
pOrations whose leading stockholders
may have contributed to individual
campaign funds is gradually taking
shape so that it is possible to under
stand it clearly.
The attempt is to be made to main
tain single gold standard at all
hazards, and as a means of doing this
the people who are "bulling" gold will
seek to establish, under National
control, State banks of issue which
will be National banks in everything
but the name and in the fact that, if
the attempt to perpetuate the Nat
iOnal debt fails, almost any sort of
collateral will be used as the basis for
bank notes.
The whole issue here turns on a
single pOint-that, under the Federal
Constitution, the States cannot make
a bank note legal tender.
1t is intended to issue a food of
bank notes under alleged State au-
thOrity, but really under a National
banking act, which, however, will
not make these notes necessarily cur
rent outside Of the State in which
they are issued.
While the single gold standard is
maintained for the National currency,
the necessary result of the issue of
bank notes, to be ultimately redeem
ed in gold if redeemed at all, will be
to increase the demand for gold and
thus to further increase the already
exaggerated and ruinOuS premium on
| it.
Under this beautiful arrangement
the same people who control the i'm
menSe mortgage debt on the farms
and homes of the South and West
would come out here and through
their local agents start "State banks
and flood us with a wildcat currency
issued on the stock of trust companies
or on the mortgage bonds held on OuI
own farms and homes. And not a
dollar of this stuff. would we be able
to pay in diScharging the immense
mortgage debt we eve them. They
would hold the Federal Treasury tC
the gold standard, and their own con,
duct in causing local imitation with
their bank notes would furnish them
additional arguments against "cheaL
money" and against relaxing the gold
standard in National finance.
If this plan could be put in force;ii
we could be subjected to this local
imitation accompanied by National
contraction, it would increase the
price of all we have to buy from the
Northeast, while the increased de.
mand for gold caused by the issue OF
bank notes redeemable il gold would
surely and swiftly decrease the price
of all our exports. Our cotton, Oul
wheat, our corn and our provisions
would be forced down as gold was
forced higher and higher by the con.
SpiratOrS.
Unless the South and West stand
together to resist this infamous at.
tempt:'unleSS they speak out to open
the eyes of the good but ignorant me1
who are being used as the tools OF
these ShylOcks, we will be ruined
No greater danger ever threatened
the country than is threatened by this
conspiracy to force silver out of the
National currency and to supply its
place with local notes redeemable in
gold.
The attempt is made to turn the
flank of the advocates of popular
rSghtS: to divide the South and West,
to scatter the forces which have made
the stand for free coinage and to as.
sure plutOcratic control of the Nat.
iOnal finances for many years to come
1t is believed that all this can be done
by this seductive scheme of plenty OF
wildcat bank notes.
The only safe currency IS a currency
of gold and silver, the supply being
regulated solely by the supply of the
metals offered for coinage. With sill
yer and gold freely coined, and with
notes of the National Treasury rep
resenting silver and gold, we will have
a currency which will save the country
from stringencieS and panicS and will
give US here in the West and South an
opportunity to pay off the immense
debt we owe to the Northeast.
For our own sake, for the interest
of the people, for the maintenance
OF the rights of the earners of the
country, we must insist that the
sovereign power Of issuing all forms
OF money belongs only to the soyer.
eign people and is not to be delegated
to any banking corporation, National
or State.
Theissueis distinctly made between
the free coinage Of silver as National
money, good to pay all debts, and the
free printing Of unlimited wildcat