The Caucasian. (Clinton, N.C.) 188?-1913, 1895-10-17

per cent" The man brings the gold;
the government takes it and pays it
out to the men who have worked for
a dollar . day each, and gives the
man who brought the gold . note
certifying that it owes I'm one thou
sand dollars and promising to pay
him four per cent. for the use Of the
gold. This kind Of note is . Gov
ERSMEST BOND.
Now suppose . man does one
thousand dollars worth Of work.
The government can give him q
thousand dollar treasury note green
back for it and it will pass for that
much money anywhere. But il the
man who gets the treasury note
should keep it for one year it would
be worth just what 1t was issued
for-one thousand dollars. But If
the man with gold came along, and
the government took his gold and
gave him bond for it, how would
the matter stand The government
would pay this gold to the man who
had done one thousand dollars worth
Of work, and at the end Of the year
the gold would still be worth only
one thousand dollars. But the
bond-oh! The keen fellow who got
the government to give him bond
for his gold holds it one year and at
the end Of that time the bond is
worth one thousand and forty dollars,
for the government has promised to
pay him q thousand dollars for the
gold and four per cent. year for the
issue of it; and by this plan the
fgovernment will pay one thousand
and forty dollars for work that cost
only one thousand dollars, and the
forty extra dollars goes to a man who
did not strike one lick of work.
The treasury note or greenback,
when it was first issued, would pass
for a thousand dollars. So would
the bond. Let us suppose, now. that
it should be necessary for the gov
eminent to promise to redeem either
T one in gold. Would it not be easie,
for the government to get one thou
} sand dollars in gold to redeem the
treasury note than it would be to gel
one thousand and FORTY dollars to
redeem the bondi
Let Us apply this question to thu
last bond issues. 1t will be remem
: bered that Cleveland and Carlisle
o have issued one hundred and sixty
t two million dollars worth of bonds
Y which we will say are to run fo
r thirty years at per cent. interest
: This means that at the end of thirt,
@ years the bonds must be paid back
and in the meantime the govern
II ment must pay about one hundred an
n ninety-fc millions of dollars in inter
est, making a total of three hundre,
and tifty-seven millions of dollar
It paid out for the use of one hundre
J. and sixty-two millions of dollars
,r How is this money to be gotten?
ir is gotten by taxing the people d
n rectly and indirectly. The peopl
70 must pay it all.
l. Suppose, now, instead of issuin
W one hundred and sixty two million
N of dollars worth of bonds, that Clevt
a. land had issued one hundred an
a. sixty-twO millions of dollars
in treasury notes Clearing no interes
redeemable in gold in thirty year.
The notes would have been just 8
is good money as the people want. Til
le faith and credit of the governme1
Ig would have been behind them, an
Q. that is all there is behind the bond
Mt The government could, within thirt
to years time, get one hundred and sixt,
K. two millions of dollars in gold to r
* deem the treasury notes just as easil
is as it could get that amount of go
IT, to redeem bonds, and in the meal
he time the people would not be payir
IN one hundred and ninety-fve mi
x lions of dollars to the goldbugs al
IS. bondholders as interest.
" Now, consider these statements
he awhile. Study the principles i
RS volved III them. See how much
1t jugglery, injustice and rascality
". shown by them, and remember, tn
oy instead of wishing to decrease t
n evil, the present Democratic admi
an istration is seeking to increase
De for as stated above, its plan is to
ne stroy the three hundred and for
nd million dollars of treasury notes NJ
'rs in circulation and issue bonds
ne place of them-for WHAT For
Oh other purpose than to give the
bonds to the money power and go
bugs of the country, and make t
working people of the country wo
us longer and toll harder to pay thu
re- non-working bondholders and 20
'eo bugs more money as interest.
'u- the name of God, what of justice a
right is there in any such a syste
Mt And We want to ask, in the name
Jay equal rights to all and special pr
lar ileges none" If the manhood