Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-04-01
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eirssistsg ms1ism sssr tes creates.
part u the United states. wbsp sgsin
ths s1nisissrssion ~ esling 10 interest
besr1sx k1ds. before instantly, ssd
psyisg ssosxsss prsnisms % them lss
tbs ssassd n We'll street - 81 otssr
sssaeisf Legislation bsd bsssl msssy
ksps gstsssz sssress ss1 dssrs ssi the
peopas sli ovsr the Untsd STATES. szer
In the sssssy esstso. ksrs eisnor1Ss
fer ss incrssss u circulating messy.
sad % the ten pr cent tsz On ali paper
issas1 sreept sssiopsI banks prohibited
sseh isssss, the sImoss ssiysfssl yosos
u tbs psopis became . dsrssnd for frss
esgssgs a silver W sssnd 81 the en-
trse.sss u nensy &c carried cat By the
monsy kings n WsII street. 30 fsr the
1ssscisrs u Wall ssrsss, with the
assistance u prsyIsss Administrations
ssd Congresses, have had the rsins 10
their own hssds snd eli attempts 10
Increases the circulating msdism have
bssa futile. Bat the situation 10 chang
log. The dsnsnd 81 the people for
more moDsy IL gstsing 20 pronounced
that sven Wall street and the national
banks see they must do somssbing 10 sp-
pssss the dsmsnd. 20 while the 6sas-
cisrs dspIors . more abundant currency,
II they must consent 10 "a Increase.
they will choose and sastsin an Increase
o eafrsnoy that will always rate ~
osIy second 10 their own fsyorits me-
diam-nstionsi banks.
The only two modes Of Increasing the
currency 10 chose from is the paper
money Of Stats bank issue or the re-
mssstizatlon and free coinage Of silver.
This coined silver would be legal tender
for any and all amounts aud would cir
oalsts II par wherever national bank
notes would be taken and the latter
eurrsnsy would have no ~sdyantsgs over
the former. Not 80, however. with the
State bank issue. Experiences In the
past has demonstrated that no matter
how good and well secured such state
paper. and how esgeriy taken Ut the
place Of it, issue, Whenever you would
take this sans 20 some distant place you
would have 10 stand more or less dis
count. And right here comes the adj
vantage Of national bank issue which
would pass current eli over the country
and thus commanding a premium over
State issues which II could not possibly
msIntaIn over silver coin. For the
above reason tho opposition Of the ma
tionai banks 10 State bank issues IL de-
oressing. for u they must have an add
tion TO tho currency they will advocate 9
medium that will still rate second 10
theirs and leave theirs always first
choice In ths money market and thus
be abls 10 squeezed and control the In
ferlor money. On the principle Of half
> loaf being better than no bread st all.
aud II they find that they have 10 con-
sent 10 an increase Of the circulating
money Of the country. they will cease TO
oppose State bank Issue 90 ~ 10 divert
chs olsmor Of the people for free coin
ago which they dread as q blow to their
financial monopoly aud consent 10 food
Ing the country with wildcat money
that will In nowise interfere with keep
Ing The national bank Issue 81 . pro-
mum.