Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-05-06
EASTERN AND WESTERN 10y
Ally.

Among the ruling classes in the East
loyalty consists in smassing fortunes.
The means Of accomplishment are a secon.
dairy consideration. The taxing Of all
the producing classes, such as tillers OF
the soil or wage workers, "a long as 1t
will conduce to the filing Of the Golfers
of those rulers, is considered perfectly
legitimate by them; and their greed goes
to the extent OF bankrupting the Gov
ornment Of the United States If no other
scheme seems to be in eight for their ay-
arice to feed Oh. AZ an illustration OF
the above statement it is only necessary
TO watch the movements Of the New
York Shylocks, (called bankers by name)
who, in order TO make q corner in gold
which they are boarding, so as to compel
the Government to issue gold bonds, that
the gold reserve in the treasury may be
kept intact, are constantly presenting
for redemption in gold treasury notes
that in reality are payable in silver as
we'll as gold at the option of the Treas
urer. They are well aware Of the senti-
ment OF the present administration, which
seems to pay fatal and undue regard to
the clamor Of Wall street. Covered by
the excuse Of keeping the two metals on
a parity, previous administrations as we'll
as tho present one have ignored the dis
cretionary power given them by paying
in coin %(silver as well as gold) the bonds
as they became due, when by doing 20
they could have had all the gold at any
time when they needed ID. Admitting,
however, that the purchasers Of bonds
had been promised, or at least had been
made to believe, that those bonds were
to be paid in gold, there is no excuse at
all for redeeming treasury notes issued
for the purchase of silver bullion with
gold. The law Of 1890 especially pro-
vides that the Treasurer is authorized to
coin bullion for the redemption Of such
notes, If in his discretion ID would be
necessary. Heretofore it has been the
desire OF the Government to keep q re-
serve of one hundred millions OF gold in
the treasury for the protection of the re-
naming outstanding g~reenbacks, it hav-
ing been almost deemed a sacrilege TO
break over that reserve line. The time,
however, has now arrived when that
safety line has to be ignored or else bonds
issued for the purchase Of gold, and that
Is the very opportunity that those East
ern patriots have so devoutly prayed for.
How is it with the men OF the West, the
men who are producing the wealth Of the
country? Since the discovery Of gold in
1913, and the subsequent discovery OF
the great Comstock lode. producing both
gold and silver, ii has been that very
wealth that has been the factor Of the
immense progress both Of this country as
well as in Europe that has taken place
since then. When the civil war was bank
rupting the country, and the Eastern
patriots were boarding all the metallic
money in order to fatten on the necessi.
ties Of the nation, the men Of the West
were steadily producing the very kind of
money that was needed to bring the wal
of the Union to 0 successful termination.
SO also lately, when the free gold was
disappearing from the treasury, men
from the West came forward and offered
the Government gold for treasury notes
with which to pay their liabilities with
Eastern firms by the millions. Still the
relief is not forthcoming, and the very
notes exchanged for Western gold of to-
day will again be presented by those
Eastern patriots tomorrow and gold de-
handed in their place; thus the very act
Of Western men, who are the producers
Of the wealth, and who believe in uphold.
ing the good name and standing Of their
country, both at home and abroad, are
being utilized by the money kings, and
seemingly assisted by the tdministra-
tion to the whole extent Of it's power, to
still further e~nslave the toiling masses to
the tyrants Of Wall street.