The weekly intelligencer. [volume] (Lexington, Mo.) 1891-1901, 1893-03-11
nARlIALE CAN Do Il.

When the Sherman silver law was
passed it was adopted simply as a COM
promise between the people and their
creditors, between the honest, overbur-
dened notwithstanding class, and
those people who deal in bonds, specu-
late in stocks and live off the interest of
their loaned money.
The people in debt, debt which was
contracted when money was compare
lively plentiful, before gold had prac-
tically doubled its purchasing powers,
desired a restoration of silver coinage as
provided for by the constitution. They
desired this, because they plainly fore
saw that if silver were eliminated from
our monetary system that money would
continue to grow scarcer, that it would
continue to enhance in value, and that
the products of farm, field and factory
would be correspondingly lessened.
In the compromise, however, that
willy rogue, John Sherman, got decided
ly the better of the game.
Under his law the secretary Of the
treasury was compelled to purchase
$50, 600 600 worth of silver per year at its
market value. Up to May, 1891, he was
compelled to coin a portion Of this into
silver dollars. After that time he could
at his own option cease the coming. He
was required to pay for all silver pur-
chased in silver certificates, or treasury
notes. These notes were made redeema-
BILE at the option of the treasurer in
silver or gold.
Now had the secretary of the treasury
been honest he would have redeemed
the bulk if not all Of these treasury
notes presented for redemption, in sill.
yer. But he was not honest. The law
was shaped as it was to benefit New
York and New England money lenders
bankers, bond holders and stock specu-
lators, to say nothing of the foreigr
money power whose meddling witt
American finances has been so pro
nounced during the past twenty-five
years.
Under Fairchild, Window and Foste
the rule of the federal treasury has beer
to redeem silver certificates or treasur,
notes in gold, especially when presented
by its favorites. The operation of thu
law is this: The treasurer buys silve
and stores it away. For every dollar
worth of it, market value, he issues
dollar treasury note. The holder of thi
presents it for redemption in gold, get
it and sells it to the Austrian, German
or Russian governments; and thus is thu
treasury continually drained of its golt
!, reserve.
All this was possibly foreseen b,
Rogue Sherman and the rogues he wa
working for, and he and they evidentl.
thought that by this time the law woult
become so obnoxious that it could bt
repealed on any terms and in these
terms the utter abandonment of silver a:
a money metal be attained, but obnoxi
Gus as the law is it will be retained unit
it can be substituted by one more favor
able to the debtor classes.
IL Mr.. Carlisle shall abandon the
policy inaugurated by Fairchild, Win
dom and Foster and be honest with the
people-all the people-he al remov
much of the ruinous operations of the
BILL Let him redeem silver certificates
in silver coin, continue to coin all the
silver he AN under the law, and then
so manage affairs that the country will
soon restore the free and unlimited
coinage of all the silver that is present
ed at the mint and such a wave of pros
perity as the country never knew will
sweep over it.