The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1893-11-24

treasury mites reAeemai,le IN coin.
The law required the Secretary I" coin
as mucl, of the bullion so purchased
AS -'-may be necessary to provide for
the redemption OF the Treasury notes
herein provided for" The Secretary
construed the word '.cOiii., To- mean
gold coin.
lie surrendered the option To pay in
silver t" The exporters If gold without
consideration and tnen proclaimed that
the Sherman act WAS driving gold out
of the country. The governments of
France and Germany had the same
option and refused t" pay out gold for
export. but required the exporters of
gold to accept silver. Both France
and Germany exercised the option for
the benefit # their governments.
Their ere dit was maintained by obey
ing the laws. Our credit was tmbar-
raised by violating the law.
For twenty years all political parties
have condemned the great wrong of
1878, which demOnetized silver and
promised when in power to restore hi
metlllism. In 1892 the Democratic
party came into rOwer on the solemn
pledge Ia use and coin both gold art:
silver without Discrimination against
either metal. On every vol. taken IN
either House Of C-,'grtss-and they
were frequently takeiI-a majority of
the Democratic members in both
houses have voted for the free aud
unlimited coinage of silver. On the
LIST of July, 1892, after pre- sidentiaI
candidates were nominated and their
platforms rOmuigated, the Senate
passed Il free coinage bill by an almost
unanimous vote Of the Dem, crati;.
members. lie platfOi m and this vote
in Connection with all previous votes
Committed the Democratic party, be-
fore the election, to the free and un-
limited coinage of silver, and contrib
uted greatly to the success Of that
party in the election.
country about $3.50, 10000 of legal
tender money and contributed largely
to general prosperity, but l. interfere
with tile full establishment of the gold
standard. and the appreciation Of gold
coin. 1t was the only law that OBJ
structed the final consumm alton Of the
original conspiracy to get rid of one
halt of the worlds metallic money
The Spectators and the London aiu
New York bankers knew from expert
ence that ncti,i,g short OF IL financial
panic would stampede Congress. The
bankers refused the business CONN. UNI
ity ordinary accommodations; the Sec
Rotary of the rIeasur! cut off the suppl,
Ot new money furnished 10y the Slier-
man ACT 10y refusing to purchase silver
us that act required; GiadstOr,e's ad-
ministratiOn, expecting that our gov
eminent would stop Guying silver, law
III ITO law, SUSPENDED the coinage ui
silver i'll India and tile panic became
general. Tie president issued cali
for III extra session of Congress il.
which he attributed the panic, which
he himself had aided 10 create, to the
Sherman act. When Congress me,
the house of representatives VIA,
stalnpeded like Il fluckof sheep. The
power of money and patronage COLI
verified an alleged majority of two-thirds
in favor of tile gold standard.
The struggle in the senate lasted
more than two months and until the
gold power and federal patronage
could induce Il majority of that bod,
TO submit to executive dIctatiOn. I'll,
gold press i'll every commercial ceDtel
teemed with Misrepresentation, insult
and abuse of the unpurchasabie tiefen-
ders of the people. Banks, boards Of
trade and Tie commercial press de-
manded vote without debate. The
power Ut money was felt OH every
hand. Intimidation and Threats OF
personal VIOLENCE loaded The mails o,
senators. Unusual ana cruel hours
were resnrted to ~ exhaust the advu-
Gates Of silver and deprive them Of ~,
opportunity Of spreading upon the
record their reasons Why the people
slnhuid not be rubbed for tlle benefit
the mOnsy changers. The ;.dvuca tes
of free coiIiage were compelled to sub-
nit to the hard conditions but the,
placed III tue archives of the nation IN,
exhaustive debate exposing The wicked
schemes ot the enemies of tile people.
But the decree of the gold trust.
issued 10y the executive WAS finally re-
corded and the gold standard adopted.
Ii that decree cannot be reversed IA
gold oligarcly is permanently en-
thrOned, and the people must, under
continual contraction and falling
prices, sink into want aud misery. Ii
constitutional government Is to lie re-