The midland journal. (Rising Sun, Md.) 1885-1947, 1893-10-13
Friday, Oct. 13, 1898.
The Fate Of Hard Money.

abandonment of 'precions metal" money in
the not very remote future. The war which
the unsatisied greed Of the debtor class is
making on silver will, without doubt, be
taken up by the advocates of silver if they
are defeated, and waged against gold. That
silver will ever again be remonetized in
that sense which the popular mind under
stands reconciliation, is hardly within the
range of probability. The warehousing
silver and warehousng gold, issuing paper
currency for use in place Of the metal dol
lars, .Eand calling this wareh oused metal a
sbasis,' strikes the common sense Of the
public as so supremacy ridiculous, as soon
as they ''catch on" fairly. that the fraud
will meet with such public condemnation
that the whole humbug will be exploded.
The debates in congress are drawing
public attention to the money question as it
has never before been directed, and while
not all will investigate the subject, suffic-
lent number to leayen the whole will doubt
less make it study.
The object lesson afforded by the $780,
100000 greenbacks which have been in
circulation for 80 years, and which are pre-
ferred by every body to either gold or silver,
is having powerful effect upon the public
mind in favor of government paper cur
rency. And when public attention is
directed to the fact that $100,000,000 of
gold coin and bullion have been lying in
the iron vaults of the Treasury for num-
Der of years for the ostensble purpose of
'tredeeming'' these greenbacks when pre-
sented, and they have not been presented or
their redemption" demanded, the fallacy
of the ''metal basis" and redemption fraud
is made so apparent that the public cannot
much longer be deceived.
The redemption" of money when under
stood is so supremely ridiculous that it will
not find single advocate outside of the
banking and exploiting class-the people
who gamble in money. When greenback
is redeemed" it is Immediately put again
in circulation, which is not redeeming, but
swapping or exchanging dollars
The public has huge object lesson in the
thousands of tons of silver stored IN govern
ment warehouses, since 1878, in place of
which paper currency has been issued by
the government ''redeemable" in silver
dollars at the option Of the holder. Not
dollar has eyer been demanded, that we
hou hao rd &c for ha ofo GQ00
100000 of which silver notes are in circu-
latlon. The spectacle we have as object
lessons of this bankers and gold ring, gold
and silver fraud is 1000 car loads of silver
and 100000, 900 of gold stored in gov
eminent warehouses ostensibly for the pur-
pose of redeeming paper money which no
one wants redeemed" The laws Of con-
gress make the silver and gold coin legal
tender for all debts and dues, public and
private, within the United States, and the
same law-making power makes the paper
currency legal tender, and a trial of 80
years and more proves that the people pre-
fer the paper dollars for their use to either
the gold or silver dollars, and they are
beginning TO ask that hard question which
the gold gamblers and bank usury collectors
cannot answer truthfully without upsetting
their whole false financial theory and trans
parent sham, and they eyade an honest
answer by reply in wild gibberish about
the necessity Of a gold reserve" to sustain
the national credit This is SO contemptibly
silly as to be unworthy of a serious reply.
The only demands made on the $780,.
100000 "gold reserve" in sixteen years was
demand by little gang of Jew gold gam
biers of New York and London when they
were working up the present panic for the
silver purchase clause of the Sherman law
That was the only purpose the gold re-
serve'' was ever called upon to promote,
and most infamous gambling scheme ii
was, whose intent was 10 give them more
power over money and all that money buys.
These men who have been battling so
strenuously in congress for the "free coinage
of silver" have not had free coinage in all
their thoughts in the popular sense of the
term. Free coinage means the actual coin
age of all silver taken to the mints, coined
for the use Of the owner of the bullion, who
shall take the coined dollars away with him
and use them iu his business transactions.
This would spread silver money all over the
country, and bring it into general use among
the people. The people 10 whom the coin
was paid would retain large quantities in
their possession in place of depositing il in
the banks as they do paper money. 1t would
make cash payments more common and
small credits would decrease when large
amount of silver money was "hoarded" by
the working and wage paying class. The
free coinage of silver would also steadily
add to the volume Of money afoat and
stimulate business on every hand. Prices
would gradually rise and more stable
prosperity obtain among the people. in place
OF, as heretofore, among the rich monopoly
class whom the city daily newspapers style
the business men" and 9TH? publicity
In their opinion the great wealth producing
masses are nobody. They appear TO class
the hive of workers along with the beasts
This class and their newspaper heralds
are all against free coinage, all against silver
money, all against paper money issued by
tba ooUarnuanf and oil in favo of money