The Caucasian. (Clinton, N.C.) 188?-1913, 1895-09-19

bonds must run for thirty years,
must draw inssrest 1t four per cent,
snd they must not be taxed.r
The so-callsd Cleveland Demo
cratic administration agreed to this,
and issued City million dollars in
bonds. The bankers took them, and
gave the government gold for them.
This made the government owe fifty
million dollars more than il owed
when the Democratic party came
into power, and the people will have
t. pay two million dollars per year
interest on those bonds for thirty
years. At the end Of thirty years
they will have paid sixty millions of
dollars in interest, and will still owe
the fifty millions Of dollars for this
lot of bonds.
The bankers and money specula-
tors found out that they could do
pretty much as they pleased with
the Cleveland Democratic ring, and
they PLAYED the game again. They
secured a lot of United States Treas
ury notes, silver certificates and
other government obligations, car
ried them to the Treasury, and de-
manded gold. The Treasury had to
pay it, for these certifcates-notes
and certificates-are all redeemable
in gold "coin" since silver has been
demonetized. They did this until
the 'gold reserve" fell below One
hundred millions of dollars again
Then they raised the same cry abou,
the "credit Of the government
1.-The lack of confidence" &c.
The bankers and money specula
tors made another proposition JUS
like the first one. The Cleveland
Democratic administration issued
another fifty million dollars il
bonds to run thirty years at four pei
cent. The people must pay two mil
lion dollars interest every year or
these bonds for thirty years. At the
end of thirty years they will have
paid another sixty millions of dol
lars in interest, and will still owe
another fifty million dollars for the
bonds. 1t will be seen, then, that by
making these two bond issues, thu
people will pay one hundred and
twenty million dollars of interest in
thirty years, and will still owe one
hundred million dollars for bonds
payable in gold.
Is this ala No! In the spring oil
1S95-the present year-the same
game was played by the banker.
and money spectators again. The
people of the country seemed not t.
be noticing what was going on, anG
the Cleveland ring grew bold and
reckless. This time they made 8
SECRET deal with the New York
bankers and the Rothschilds, Of
England. They issued. in round
numbers sixtv-two millions MORE
bonds. They gave the New Yorl
bankers and the Rothschilds abou
ten million dollars to take the bond.
that is to say, the people did no
rise up and protest against this bono
business, and.in consequence thereo
the Cleveland ring began to do Al
they pleased. And in addition t,
issuing these last bonds, they pait
the New York bankers and the Roth
schilds of Europe-known as tn,
Morgan-Belmont syndicate-abou
TEN MILLION DOLLARS in cash t,
take the bonds, when the people O
America were willing to pay TEL
MILLION dollars for the privilege O
buying them. These bonds wer
issued to run thirty years at fou
per cent. interest. In thirty year
the people will pay seventy. FIVE mil
lion dollars in interest, and still ow
sixty-two million dollars for tn
bonds.
Take all three of these issues com
bined now, and it will be seen tina
in thirty years time the people o
the country will have paid ONE HUN
DRIED AND NINETY-FIvE MILLION DOL
LARS in interest and will still ow
ONE HUNDRED and s1xTY-Two MIL
LIONS of dollars for the bonds.
How much longer will the peopl
submit to this Internal Democrat
robbery and rascality9
Is it not time to send forth a thun
dering command to HALT!
The syndicate that took these las
bonds made a contract with the gov
eminent by which they were to hav
any other bonds that might be issue'
before October LIST 1895, on the sam
terms-that is if the governmen
should issue another sixty-two mil
lion dollars worth of bonds, the gov
eminent should pay the syndicat
another ten million dollars for ia i
ing them.
The syndicate agreed that the
would keen the "pold reservo,, mn +