Marshall County independent. (Plymouth, Marshall County, Ind.) 1894-1895, 1895-09-06
The In amy of the Gold Standard,

I Ne
he New York Suns Matthew Mar
shall has some additional remarks OH
the subject of gold exports 1T this time.
lie comments on the fact chat large
coffee house-the ArbucklcS-in feeling
around Tor neat and complete settle
ment of the European Indebtedness.
have found that they can make cousid-
cradle profit By shipping gold, and, con
seqlenuy they have gone into the bust
ness regardless of the wishes and feel
ings of the bond syndicate. There hay-
Ing been some criticism of the methods
OF the firm in question. Mr. Thomas
Hitchcock, who writes rs Matthew
Marshall" steps nimbly to the trout
ana makes these remarks, which the
careful reader must translate to suit
himself:
why its conduct should be stigma
TIED rs blameworthy is incomprehensi-
bic Debts TO foreign creditors must be
paid somehow, and if the creditors will
take nothing else. it is not only legiti-
mate, but necessary u pay them in
gold.
When the bond syndicate contracted
with the government TO do all in their
power to prevent the export Of gold, ev-
erybody familiar with the matter saw
clearly that their ability in this respect
might easily prove inadequate for the
desired purpose. That it has shown it
self to be very great is undeniable, and
the result is creditable to the syndicate
If, as now seems probable. they have
failed at the last moment because they
were unwilling 10 pay the price OF q
complete success, it is Il cause more for
regret than for reprobaton. Possibly
they have discovered what the public
does not know. that the demands Of
Europe for gold, instead of ceasing
about this time, rs might have reason
ably been expected. are going to con
tinue with undated force for two OIL
three months longer, and that they may
as well succumb to the inevitable ut
once and save their money, as to pro-
long the struggle, Only to yield at last"
In this case Mr.. Thomas Hitchcock
seems to have hit the nail on the head
The syndicate cannot carry out at loss
the suppOsititiOus contract which 1t was
expected to fulfill ut profit That
would not be business any more than il
Is human nature
If the government is ready to pay the
syndicate enormous profits in order to
enable the President to continue yiolat-
ing the plain terms of the law. well and
good. But If they cannot control the
rate of exchange, except at Il loss that
threatens to seriously impair the profits
they have already made equally well
and good.
AS Mr. Thomas Hitchcock says. they
may as well yield to the inevitable first
as last. This yielding en- the part of
the syndicate means that the recple vii,
have to add another SJ0, 00O, goo or S75,-
0OO.OOO to the already enormous sum
they have had to pay for the single gold
standard. Any schCOlCOy can figure out
the price the people have had to pay.
In the first place, there is the slump i'm
taxable property. A debt of Sic. GEO.
900 has been saddled on the people of
the whole country. and there has been
n net loss of $146,00O.000 i'm gOld-the
money of final payment This has not
been due to any loss of the productive
capacity of the people, but is the result
of the most infamous piece Of admins
trative injustice that the world has ever
seen. The people have been robbed and
plundered for the benefit of the gold
Owners-Atlanta Constitution.
a Call to Bimctallists.
The State Republican Silver League