The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-11-24
TO the People Of the U,,tcd States:

4Hc CObuICG VI TIC ihOHcy poNc1
battling for II gold oligaichy and the
MASSES struggling tor constitutions
liberty is mOnientOus and iriepressiDie.
War and enterprise anticipated iutuIe
production for tile Preservation of our
government and the Development VI
our resources.
The worlds Accommodations of god
money volume available ~ pay time
contracts. Tie aggregate debts oi
the world exceeded $lUU, 900, OOO 900.
Less than 81, OOO, OOO, 900 OF gold ana
silver constituted the available fund
for the ultimate payment Of debts.
These ENORMOUS Obligations might
have been discharged without destruc-
ton OF industries II tile available coin
for the final pay meHL, with lis annual
increase from The mines had remained
undininished.
The ARTS require an amount of gold
nearly if not quite equal To The enlile
present output Of the mines, and with
silver demOnetized there can lie ITO ap-
preciable increase in the world stock
Of coin, while business and population
constantly require more money.
A large part of the gold coin in the
world is now boarded in anticipation
Ut war, and the rest is controlled by
banks in the money centers of EurnI t
and America. General prices are Exed
by the volume of money i'll circulation.
The decrease OF that volume III approx
imating The gold standard during The
last twenty years HAS ieuIceu l'rices III
fully 81 per cent. The control ot goiu
by the banks enables then. 10 regulate
and expand or cOiItraCtIt at pleasure.
The reduction of standard money
TO gold alone means continuous .un.
traction of the volume Of MONEY.
The struggle for gold is shaking the
foundation Of every financial system
in the world. The increased demand
for gold Slice silver WAS demOnetiZeti
has already enchanted the value
Of that metal from 40 to So per cent.
The Increase OF population and busi-
he $ will continue 10 augment the de-
mand, hut the supply must remain
stationary or decline. Rude nature
his never yielded an excessive supply
Of ether gold or silver when both wer.
used. There never WAS too much coin
for use as money,
The repeal or the purchasing clause
. Of the Sherman act destroys silver ;ls
money of ultimate redemption and
reduces that metal to credit money Il
float only by redemption in gold. The
81 100, 0O0.U0 OF paper and silver nUw
In Circulation must rest upon less than
500, 900, OCO Of gold in the treasury
available for redemption. The only
reason Tor demonstrating silver was t.
enclance the value Uf guild and uLliga-
tiOns pay able in money. II is further
proposed to sell bonds If The United
States and buy gold to strengthen the
reserves in the treasury. National
banks will use the bonds for banking
purposes and issue their notes upon
which the people must pay interest, as
. we'll as upon the bonds. The banks
Will continue to usulp the power ot
the government to issue money, to-
getaer with the power to expand and
c 'n:ract the volume IF circulation u
aid the speculations of gamblers in
other peoples property.
The mint laws were codified in 1873
and tue silver dollar omitted in that
cOdificatiOn WITHOUT attracting the
attention Of either house Of congress
and without the knowledge Of the PEG.
pie.
When the people learned two years
later that silver had been demonetlzed
they demanded Its restoration, In
1878, a free coinage bill passed
the house Of representatives by more
than II two-thirds majority. 1t was
amended in the senate by making it
The duty of the Secretary of the Treas
nry to purchase not less than =, O00,-
coo nor more than 81. 900 200 worth Of
silver Eullion per month to be coined
into standard dollars. The bill was
vetoed, but it became u law notwith-
sialiding the veto, by two-tIiirds
majority in both houses of congress.
The people continued 10 demand the
coinage of silver npOn the same terms
AID conditions which apply to gold.
IN 1890 cnn,promise was extoreed
flom a hostile executive providing for
HE purchase, at the market price, of
A.5OO. 000 ounces Of silver bullion per
tps.nll, ~ he paid for with legal tender