The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1893-08-11
STEWART ON CLEVELAND.
The President Implicated in the British Gold
Kings Conspiracy.


WASHINGTON. Aug. S.-When asked for
expression of opinion concerning the presi-
dents message. Senator Stewart of Nevada
compared Mr.. CIevelands utterances with
those of Mr.. Gladstone in the English house
Of commons when speaking of Sir William
Thompson S motion to rccOnvene the con-
ference at Brussels, and said:
THE United States is indebted to Europe near
ly 600 900 ooo 200 900 900 of which is held in
London. The Indebtedness is contracted payable
in gold or silver coin Great Britain demands that
one-half of the worlds money shall be retired and
payment be made in gold alone which has already
appreciated more than so per cent:
England demands that this Indebtedness shall
be paid in gold because II is for the interest of
English creditors. Mr. Cleveland concurs with
Mr.. Gladstone and demands such action as shall
satisfy the greed of English bondholders at the
pense of the people of the United States.
HE further demands that the United States
shall abandon the right to mine and coin money
and that it is the duty of the United States to
provide a suitable and sufficient circulating me
dunn for the country, but that shall have such
money, and such money only, as foreign nations
prescribe He attributes the export of gold to the
Sherman act and omits to quote that provision of
the act which requires the secretary OF the treas
urv to coin sufficient amount of the bullion pur-
chase provide for the redemption of the treas
ury notes issued under the act. The laws of
| France and Germany make IT discretionary to re-
deem their paper money in gold or silver coin
They protect their gold by refusing to pay out
for export but answer who demand gold for export
by offering them silver and thus maintaining the
| parity of the two metals. France has more than
twice much silver the United States per
silver at the rate of SI.33 ounce for silver by
using silver money and refusing to pay out gold
for export The United States alone of all the ma
tions of the earth accommodates exporters of gold
| to the injury of her people Mr.. Cleveland
cannot attribute this to the Sherman act, and he
was careful to omit the mandatory provision
quiring the secretary of the treasury coin silver
| to provide for the redemption of the notes.
After Mr.. Gladstone had suspended silver COIN
! age in India to depTess the market and stampede
congress, silver fell below the cost of production
and the administration failed to buy the the g. 5oo,
600 ounces in the month OF July required by law
| and bought less than half that amount.
''Mr. Cleveland does not explain this fault, but
| those who have investigated the question under
stand very well that there not enough silver
bullion in the world furnish 4, 10000 in
the mouth. To have purchased that amount would
have advanced silver to par and thwarted the Pur-
pose of MIR. Gladstone and Mr. Cleveland in de-
pressing silver to degrade aud destroy it and there
/ by coerce congress.
''Mr. Cleveland does not explain how SI4S, 600 600
of legal tender treasury notes issued under the act
have caused this panic, nor how the country would
be relieved by Withdrawing that amount from the
circulation. The only relief proposed by him is to
make less mOuey by stopping the issuance of treas
/ ury notes and adopting the gold standard in the
hope that foreigners might lend US money for the
present the certainty of taking all property
| in the future. My remedy for the panic is more
! legal tender money and ] have introduced bill
| today for its immediate issue-'