The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1893-05-26
THE GOLD RESERVE.

finance knows that the keeping
of $Ioo, 900, 900 gold reserve in
the United States treasury IS a
huge piece of superstition which
the people submit to in pretty
much the same manner that they
did the burning of witches or the
usurpations of kings. That this
$500, 900, 900 in gold is necessary
to sustain the credit of nation
that is worth$63, 900, 900, 900 and
make its notes worth 100 cents
on the dollar, is piece of fool
ishness which ought to be evident
to anybody. Besides this these
notes are receivable at their face
value by the government for about
$500, 900, 900 annually in the way
of taxes and revenues. That the
pretense of basing $346, 900, 900
of paper currency on $Ioo, 900, :
900 of gold gives Wall street an
opportunity for financial jugglery
by monkeying with the base goes
without saying. The necessity
for doing it is not apparent. The
secretary of the treasury is now
apparently much exercised at the
continued onslaught against this
$500, 900, 900 reserve which he
seems to regard not so much as a
reserve to meet an emergency
but as surplus which should not
be used to meet an emergency.
We have been told all the time
that this $Ioo, 900, 900 reserve
was kept there for the purpose OF
meeting.any extraordinary demand
for coin, in exchange for treasury
notes. 1t was said that for this
purpose bonds we're sold to obtain
the $Ioo, 900, 900 reserve. The
bonds that were exchanged for it
have cost the people over $50, =
900, 900 in interest alone. Now
that the demand is made to pay
out this money why should the
secretary Of the treasury hesitate
to do it?
Why should we be told that
more bonds are necessary to pro-
tect the nations credit?
Why should the people be
compelled to pay $50, 900, 900 in
terest on bonds sold to obtain
gold to meet a certain emergency
and when the emergency rises the
gold is not used.to meet it?
The whole scheme is conspir-
acy of the money sharks, gamb-
lers and usurers of Wall street as
diabolical in its nature as it is
disastrous in its results.
This is why they discredit sill
yer.
They want gold for a single
standard for then they can con-
troll it.
They are usurors and gamblers
They make debts and gamble
on them.
Their object is to get people ii
debt and keep them there.
Their plan is to make the dol.
lar so valuable and hard to get
that the debts can never be paid
The interest will be loaned
again and the debt increased.
They are now trying to drive
the government into the issue O
more bonds.
More bonds means more deb
and more interest.
More debt means more slavery
More interest m ans more
sweat, more toll for the American
laborer.
They say it is for the purpose
of having an "honest dollar.
Satan himself never gave utter
ance to a bigger lie.
This was their plea when they
passed the national bank act.
! This was their excuse for con
tracing the currency.
This was their apology for pay
ing bonds in coin that had beel
bought with currency worth one
half as much as coin at the tim,
of the contract.
This is their justification FOL
the demonstration of silver.
This is the pretense on whicl
they built their Infamous resump
ton act. No measure has eve
been brought before congress b,
the money power that was solel
in their own interest, that the,
did not make the plea ian hon
est dollar for the laborer." 1t
an insult added to injury.
The man who does not know
that it is dishonest to CONSTANT
increase the value of the dolla
hasn't sense enough to come i
out of the rain.
| And now they are demanding
that more bonds be issued. lie