The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-09-24
= The NATIONAL CAPITAL.

,,orIe Sam SIl "
Vpr1,bug--A Costly Sewer--Home Of
a. Anthoress Making Big Guns
aerial Cor. FARMER.
~ WASHINGTON. D O.,
Sept. 16, 1895.
=, is very dull here now. Most OF
- called statesmen are spending
s,mmer in Europe, or at the sea
-, Or mountain resorts.
SUI r2So,o Sam is still financially emOar-
s,ad Less than an hour after l step
If the train a Treasury Cthclal
P1+od me UP, he having learned that
nsonaar had arrived, and tried to
30 all the spare cash ] had to IT.
U0aose the reserve. But 1t was not
cl-tbcoming. During my stay they
~ a constant bother. North OF
w~osbinpton the tramp and the unem
led strike YOU at every street CIR
ner. in the parks, everywhere Lor d
aicEoI r a dime 20 buy food. here
tho AGENTS of the national paWnshop
strike YOU for a S gold piece, OF any
other sum, to replen1sh tne treasury.
asked n of them why 1t Is thai
tho government, the only power that
can make legal money, with an unlim
tied supply of m Material, stamping out
fits and printing presses, is always on
the borrow, either from home people or
foreign syndicatee2 He SAID he was
not answering questions during this
month.
know it is natural for tailors to
vpar seedy clothes, and for shoemakers
n 90 b~arefooted; some even claim that
the blacksmith's horse goes unshod.
Hence the government, in order to re
nIenish the purses of a few foreign and
home vampires, closes its minis, shuts
down its printing presses and borrow
monay to pay current expenses, and
issues interest bearing bonds to keep
m gold reserve that has never been
needed, and never would be called for
if more decent men were elected to
Congress and to the Presidential chair.
Frauds have been perpetrated since
the days of Adam. But the most
gigantic and transparent swindles ever
known have been concocted and sue
c~ess'ully worked in America during
the past two years. We have exposed
them time and again in these columns,
and other papers have done the same,
yet few people real.ze the enormity of
crimes and cheek that has been dis
played by all concerned. The late P.
7. Barnum said the American people
loved to be humbugged. That must be
true. But this demonstration act and
bond issuing has c4pptd the climax
When individuals want money they
are sometimes compelled to make notes
or mortgages and get it. When rail
roads aud corporations want to in
crease their capital, they frequently
issue bonds or execute mortgages and
borrow it, simply because they can't
make legal money like the government
can. The power Of the government to
make money of gold, silver, paper,
nickel is embodied in the Constitution
Of the United States, and there Is no
limit. With a practically unlimited
supply of each material, it is an easy
matter for our government to make all
the money she needs for current ex
penses, and for public Us as a circulat
ing medium. Yet $3.50, 900, 900 worth
of interest bearing bonds have been
Issued by Our government in the past
two years. The Treasury notes, which
have been used to deplete the gold re
serve are payable in 'coin," no partic
uIar kind being specified, and yet that
arch traitor, Carlisle, has been paying
cut gold entirely, and that is where
the gold reserve goes. The banking
sharks who present the Treasury notes
for redemption claim that they don't
want silver because the intrinsic or
commercial value is not equal to gold,
and still these same scoundrels took
the $3.50, 600, 900 bonds at a little above
par-about 1O4-and paid gold for
them. Now, how much intrinsic or
commercial value is found in the bonds2
Not ten dollars worth in the entire
$500 o 900. They simply have the
credit, the wealth of the United States
oen'na them, and the money, no mat
Ver what 1t Is made of, has exactly the
same backing, Now, dear reader,
once more we ask you if you don't see
d Ia fools these mortals be who are
simple enough to think that this bond
issue was a legitimate or neces S lry
transaction. The old parties are re
sPonslOle for it all. Will you vote fol-
them again, or are you tired Of ras