People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-05-19
WHERE Is THE GOLDq

Not Only Is the Pyramid Standing Upon
Its Apex. But the Apex seems to Have
Dwindled to Very Fine Point.
notice that great many of the
leading journals of the country are
1elicitating the people of the United
States upon the fact that there is an
enormous stock of gold in the nation
and that. as Mr.. Carlisle says:
There is gold enough in the country
to meet all the requirements of the sit
uation, and if all who are really inter
ested in maintaining sound and stable
currency would assist the secretary Of
the treasury to the extent of their abil.
tiles the existing difficulties would soon
/ be removed.
From recent issue of the Topeka
Kan, Press clip as follows:
Nevertheless, the reserve has beer
trenched upon and the event gives the
country another evidence of the un
speakable folly and ignorance which
the goldolators and money sharks bring
to the discussion of the great financial
issue of our time. We were told that
gold would go out if the Bland-Allisor
act was not repealed. Awhile ago. the
goldolatOrs and their subsidized news
papers were declaring that the silver
law of 1890 was draining out gold. and
yet on January l. 1898. the gold Stocl
OF the United States was SG49. 7sS. 600 a:
against S27S,91O, 12G on January |. 1879
These figures are official They are t.
be found in the report of the director
of the mint just issued"
One of the inexplicable and inscru
Unable mysteries of modern times i.
the whereabouts of the vast quantity
OF gold said to be circulating in Tho
United States. 1t is true that accord
ing to the report of the director of the
United States mint, there was on Jan
uary |, 1898 in this nation a volume Of
gold amounting to SG49, 1SS.OOO. At the
same date there was gold in the United
States treasury amounting to S23S.359.
sol, leaving supposed amount in the
hands Of the people of S4l1 42S, 2Og
The national banks held September
30, 1892, sos, OBI, 952; March 6. 1898. 500.
S15,255. Assume that they held on Jan
uary 1. 1898, S97, 49S. 2O9. Amount 20 ac
count for, S3l4,OOO,OOO.
The report of the comptroller of the
currency for 1892 showed only IS. $50. SIC
in gold out of total of Sl97. 7S9. 3S4 in
all kinds of moneys held by S,194 state
banks, 1863 loan and trust companies.
G43 savings banks, 416 stock banks, and
1,16l private banks-5,570 in all. But
as there is an item of Sl22, 900. 900. in
round numbers, under the head of
Cash UnclasSifed," we will assume
that gold bore the same percentage to
the whole amount that it bore to the
amount classified. Put it at 500, OOO. 900.
This leaves the residue to be accounted
for, 1921, 100000
Where is this gold? Does any sane
person believe that even tenth part
OF such an amount of gold was in the
hands of private individuals on Janu-
airy 1, 1893? How many of our G5,OOO,-
900 people had 500. $50. or even $40 in
gold in their possession on that date?
How many of us ever see any gold, ex-
cept as we get glance at it behind the
lattice railing of bank counter? Gold
is not the peoples money and in the
ordinary, everyday transactions of do
nestle exchange, gold coin is almost an
unknown quantity. There is not to
exceed S3GO,OOO,O 900 in gold in the whole
nation.
Let us see if the established facts
will bear me out in making this asser.
ton. The total amount of gold stock,
bullion and coin on June 30. 1883. was
officially stated to be S7O5, SlS,S55. In
his report for that year Mr.. Leech, the
director of the United States mint,
officially stated that 500, 100000 of that
amount had mysteriously disappeared
and could not be accounted for. tab.
ulate as follows:
Supposed amount June 80, 1888. s7O5, SISSY
Onaccounted tor........... ........... 27O,OJDG
Amount actually on hand ........... sl35, slsST
Excess Of exports over imports June
30, 1888, to January l, 1898. i5O,OOOO0
s2s5. SISSY
Total production same period ....... llI.5OOOc
500, 3ls.S So
Used in the arts same period, say. 47,3lssl5
Gold in United States January /,
los5.................. .......... 1858. 0O000l
If this insignificant sum of gold was
simply commodity in the United
States it would be no more easily OBJ.
:ained from us by foreign nations than
it is now, for it is as commodity they
take it now, by weight, and not at its
money value in United States denomi-
nations. Why should we not demone-
tie both gold and silver and establish
a monetary system under the operation
of which the money of the United
States would be absolute legal tender
paper currency, based upon the ideal,
imaginary unit of value, the American
dollar
This would free American industries
and save her future millions from for
ever offering sacrifices upon the altar
of the idol of gold. 1t would put it out
of the power of gamblers, spectators,
Rothschilds and Shylocks to exact
tribute from the toiling masses. 1t
would free humanity from Shylock's
bonds. 1t is doubtful if anything else
will.
Metallism is delusion and a fraud,
and the single gold standard is the
acme of satanic devilishness. The