Walker Lake bulletin. (Hawthorne, Nev.) 1883-1926, 1893-06-21

redeemable in silver dollars entirely.
and those issued under the Sherman
law being redeenable in gold or sill
yer, at the option of the Secretary of
the Treasury. 1t follows, then, that
the silver in the Treasury is there
NOT AS THE PROPERTY OF THE GOVERN
MEST, but on deposit to secure and
provide for the redemption of the
silver certificates, and that every
dollar in certificates floating repre-
SCENTS silver dollar on deposit in
the Treasury, and not dollar is idle
in the Treasury; it belongs there UNI
til paid out for certificate, and all
this talk about selling silver, etc, is
humbug. Phe Secretary of the Treas
ury has no control over its DISPOSE
ton, except such portion as repre-
sents seniorage.
Consequently, the U. S. Treasury
should have SAT-, 956,3 1878 in silver
dollars, instead of 1851 ,279, 8l6 re-
ported the fact, however, being that
the Treasury has silver bullion un-
coined largely in excess of this APP
parent shortage of $40, GIT 1862, be-
ing the difference between 1929 per
ounce, at which price the silver is
put into the coined dollars, and the
price paid for it by the government
in the open market, where, by reason
of treacherous and vicious legisla-
ton, it has been discredited and at
tempted to be dethroped from its
proper position as money, and re-
duced to a commodity. The state
ments of the journal quoted will
therefore be seen to be without foun-
dation in fact and it would be wide
stretch of the Imagination to ascribe
such statements to ignorance. They
are too we'll informed not to know
the true situation, and the conclusion
is forced upon any candid person that
such statements are deliberate at
tempt to deceive, Occupying high
position as statistical paper--usu-
ally non-eomlnittal upon political
questions, enjoying the confidence
and respect of wide circle of peo-
pie interested in financial affairs, this
paper is looked to by many people
for ideas, and its statements gener-
ally considered sound, but here it is
deliberately attempting to deceive it's
circle of readers. There can be but
one reason for this, according to our
light. Enjoying the favor and bust
ness of the heavy financial institu-
tions of New York (most of which
are agencies of foreign houses, and
whose policy is controlled abroadD; it
is trimming its sails to catch the ia
voring breeze or bending the
pregnant hinges of the knee, that
thrift may follow fawnipg, and fol-
lowing the doctrine laid down for it
by the so-called Wall-street gold
bugs to further their own wicked and
inhuman schemes, and under the di-
rect control of England, when by so
doing it is DELHI erately injuring its
own country, the United States, and
its people immeasurably.
Why is wheat down to 73s per
bushel in New York ? Why is cotton
down to z per pound Because
silver bullion is SO instead of 81. 30.
What causes the gold drain? Because
the balance of trade is against us,
Why are banks failing and financial
distress existing? Because wheat
and cotton being down and silver
mining depressed, by reason of legis-
lation adverse to silver. the business
of the country and the opportunity
TO- the people to labor at remua era
tive wages have been restricted.
Why is it that this condition of
affairs did not show signs of its en-
istenee before9 Because the addi-
ton to our currency of something
like 81, 900, 900 per month has enabled
the people to tide over most ditfi-
cult period,
If we did not have this SAL, 956,-
37S in silver certificates floating
among the people (only s17,a35, SOB
of which is in the Treasury, what
would be the condition of affairs? We
would have had a severe financial
crisis several years ago and the bust
ness of thu country would have
stagnated and the people have suf-
fered untold misery. What will be
the result if the Sherman law is re-