The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-11-03
THE BANKERS PROGRAMMES.

Bank Notes Redeemable in Gold Based
Upon Interest Drawing Bonds Payable In
GOLD.
The programme is to remodel the ma
tional banking system, turn them into
state banks and allow them to use ma
tional state and other bold. As basis
for their notes The bankers are 6S-
ing things to suit themselves Cleve-
land has heard from nine-tenths of the
bankers Of all the big cities of the
country. They ruin Grover, and Grover,
through ''judicious'' distffbution ct
patronage, runs congress
But. it is strange that this admins
tration would admit that the govern
ment has the power to issue green
backs--and if greenbacks are SO good
and safe in time of trouble why would
they not be gSod III time Of clear SAIL
| ing?
The milk in the cocoanut is simply
this, and nothing more: Shylock wants
the right to issue all paper money, and
unless the people awake he will do so.
Every thinking man comedies the
right of Uncle Sam to issue greenbacks
but Shylock intends that Uncle Sam
shall delegate the power to him With
silver ,(one-half our metallic money!
out Of the way, and Shylock vested
with the control of the volume OF paper
money. lie -sn the more easily and
quickly bring on paris or set things
booming, as best suits his desifes: :.
And every thinking man knows full
we'll that ouf present panic is but a
conspiracy on the part Of the money
mongers. They simply called id their
loans and refused to make new ones
They locked up the currency of the
country and insisted that the Sherman
purchase law wasresponsible for 1t all !;
that the coinage of cheap" silver
dollars destroyed "confidence;" that
"eeefidence'' would be restored by get
ting down to a gold basis. gold for the
bondholders, and instead 6f Cheap
silver still cheaper wild cats for the
people.
But here's another beautiful PROPOSE
ton by old Shylock. He's perfectly
willing, in order to make the new style
wild cats good" that Uncle Sam shall
have general supervision over the state
banks, as he now has over the national
banks. This is only the wood pile. "
|
redeem them in gold! ...
Did you ever!
Think of it. The bankers are TO be
given the privilege of using govern
ment, state or other bonds as basis,
and then their notes are to be redeem
able in gold. Shortly after tie passage
of such a law wild cats would be as
plentiful as dead leaves in a forest after
Jack Frost had gotten in his work. A
lot of them would be presented and
gold demanded. Uncle Sans reserve
would get low; lower than even now.
Confidence" would vanish. bonds
would have to be issued to get back the
gold and restore confidence" Then
few million wild cats would descend
upon the treasury again and conf
dence' would again go glimmeriDg.
More bonds would need to be issued to
restore confidence" 1t would be a
confidence game all through and the
people would be confidenced at every
turn-Cbicago Free Trader.
No Compromise.
} We do not much like to hear the
; senatorial talk of compromise. Nc
; compromise can be effected that will
not initiate against an increase of rea
money, and whatever provisions the
compromise law may contain it is very
sure to contain one which will enable
the opponents of silver to hold thai
means of an increase of money into dis
repute, and perhaps thus strengthen
the gold power. If the worst must come
it is better to have it now. Let the blow
fall SO that those who strike it cannot
dodge the responsibility. Almost anl
compromise would bolster up the pol
iticians, and give them peg to hant
their pretensions on when they agaiI
go before the people. Better have al
earthquake that will shake the peopl'
: loose from their idols than these con
tinual rumblings and jars that shatte
hopes and ruin fortunes. but do no
wake mp the all too drowsy sleepers =
Progressive Farmer.
Andrew Carnegie, VINO is steepe
, | in gold. advises American worker;
! avoid the silver blood poisoning. =