The farmers' union. (Memphis, Mo.) 1891-1895, 1894-02-15

increase III the bonded debt of the
United States! Has that lar erer
been repeated? If SO. SHOW Us WHEN
AND WHERE AND HOW IT WAS DONE!
Does Cleveland and Carlisle dare to
issue bonds increasing the bonded
debt? Are Cleveland and Carlisle
reckless enough 70 issue bonds re
deemable" in anything but "COIN"--
as provided by the Act of July II.
1870?
The Resumption Act.
The Resumption Act expressly de-
clares that the government shall IRE
DEEM IN COIN" the legal tender green
backs. Ii it had meant gold i
would have said gold" The Act, i'll
other respects, refers to gold COIN
and silver CON-" plainly making the
distinction between the two. But
when it speaks Of redemption of green
come about then. you ask, that this
kept Oh hand to redeem greenbacks?
Why, bless your innocent soul. that
was merely rule" Of the Treasury
Department. 1t was the same 'au
thoritv" which always paid COLO
instead OF silver 20 bondLolders. This
rule is to redeem greenbacks IL
gold" instead of coin" originated with
John Sherman. when he was Secretary
of the Treasury for Mr.. rutherford b.
HAYES the S-to-7 president; and it is
presumed that 7-to-S Democrats have
been 80 in love with the Hayes Secre-
tarv that they still cling to the rule"
You see the law was passed Jan. IA.
1873 but it did not go into effect till
Jan. |, 1879, so it gave john plenty OF
time to fix up the rule" and get into
good working order. And the people:
Oh, we'll, the people never remember
anything for Years. Besides what
could the people do anyway? The OLD
Greenbackers used to howl themselves
hoarse and black in the face about it -
but the people laughed at them anu
the subsidized press ridiculed them,
and their voice of warning was drowned
in the noise of brass bands and hurrahs
for the &. o. ps.
BY that rule without any law to
found it upon--in fact, in violation o.
the distinct provisions of the. law
800, 100000 of gold coin" was col
lected into the Treasury some fifteen
years ago and there it has lain: idle.
doing nothing; of no earthly use; rep
resentinS. not outstanding Sreenbacks
hunting for redecmer. but bonds
bearing interest. Aye, for fifteen years
the people have been paving interest
on 100000 of bonds that might have
u al Il
No merchant, no farmer. no manil
factnrer, no wcrkingman, has ever pre-
sented dollar of greenbacks for re-
demption. Only The Shylock who COW
eted gold, and who wanted to force the,
Government to keep up its 100000
600 redemption fund, has ever pre-
sented greenbacks for redemption.
This John Sherman rule" re,leemine
greenbacks in gold, was u Republican
mcasnre-but the modern Cleveland
Democracy is SO in love with Republi
can methods that through one entire
administration and part of another i
has rellgionsly adhered to it.
In conclusion We declare this: l.
is the lawful right and it is the right
eous duty of the Government when
greenbacks are presented for redemp-
ton to redeem them in silver coin the
same as gold coin-and then Mr.. Shy
lock could not and would not disturb
the 800. 600. 900 redemption fund. 1t
would lay there undisturbed for a hun
dred years after the carcasses Iof Sher-
man, Cleveland, Carlisle, and the
whole gang of bond robbers shall be
rotting in the grave and after their
names shall have been forgotten.