Eureka weekly sentinel. [volume] (Eureka, Nev.) 1887-1902, 1893-06-17
PEOPLE AND FINANClERs,

~
ern aud Middle States do not verify
the assertions Of leading bankers OF
the East 'that there is no immediate
cause for alarm of financial troubles
brewing" Their own actions belle any
such belief on their part; and while
they are calling in their loans from all
parts Of the country, subiecting their
former patrons and customers to the
tender mercies OF bankruptcies and
Sheriffs. they are securing themselves
and fortifying their institutions in every
possible way to Withstand the siege
they themselves are inviting in order
to accomplish their pet objoct-"the
permanent establishment of the single
gold standard" Their claim that the
Sherman silver law is responsible for
existing circumstances is the merest
veritable rot; yet the unconditional re.
peal OF that Act would be 10 line and
support OF their desire TO make money
scarcer and dearer, so as to force not
only the people but the Government
itself to become beggars for favors at
their hands; while as long as that law
10 in force il adds about forty.fve
millions Of dollars annually to the cir
culating medium and to that extent
interferes with their plans.
With the unconditional repeal Of the
Sherman law, with an administration,
by its actions discretiting our national
currency las regards silver, with hun
dreds of millions of lampblack and rag
currency outstanding. which, while re.
deemable in either silver or gold coin. 10
being redeemed solely in gold andthatgold
cornered and held solely In check for
ultimate purposes, those confident inan-
ciers, the national bankers, would in.
deed have smooth sailing in reaching the
goal OF their desires-"the issuing Of
hundreds Of millions Of gold bonds"
and as q consequence more foundations
for national banks. But the people OF
this country have declared time and
again that they do not want a continu-
snce Of national bank oppression; they
do not want to be taxed in the future as
they have been in the past to create any
moro non.producing m~illionaires who
with their untaxed wealth by non.taxa.
BILE Government bonds for the people TO
pay interest on while they themselves
do not contribute anything towards the
support Of the Government on their CAPT.
tai thus invested. To favor them still
more, and to appease to some extent the
public demand for more money for circula.
tion, they are also allowed to issue their
own notes to the amount Of 90 per cent
Of Government bonds deposited in
the United States Treasury. which they
again loan and again collect interest on.
Now. while the people demand more and
cheaper money. they want their demands
complied in such money as the Constitu-
tion ordained-"gold and silver"
The masses Of the people are always
right. When. over . century ago. they
rebelled against unjust taxation for the
benefit Of an absent aristocracy, and
made up their mind to absolve the
allegiance that had heretofore bound
them to their oppressors. they succeeded
because they were right. When at
other times later they resorted to arms
TO carry out the demands Of the masses,
Ahey succeeded because they were right.
So. when now they declare that they
want to restore the money Of the Con-
stitution, the metal Of which nature has
90 generously and beautifully distrib-
uted through this country, they will
succeed because they are right. All
they ask is TO make use Of our native
metallic wealth as money. q money that
neither fire. food. rust nor moths can
destroy.