The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1895-09-20
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currency question.
The purpose Of the bankers Is this: To strike
with all their power for a law that snail put
Cnt Of existence once for AL the entire issue
Of United States notes known IS gresnbacks.
There are IN circulation about s5sl, O00.0o0 o.
grsenbaclzs. Those grcenbacl-s represent a
policy in direct anIagonism 10 the policy Un'
deriving the national bank system, and they
nave from the beginning been regarded by the
bankers with hostile eyes. Fheg Insisted on
their retirement as part Of the plan 0i TesuElp-
ti0n 20 years ago, and this retirement was ac-
tualIy begun. S0immediate and stern was the
popular protest that that provision OF the law
was repealed and the greenbaclzs preserved as
part Of our currency.
From that day to this the bankers have sulk'
ily watched for their opportunity. and they
think they have it now. Whether they have it
or not they cannot safely wait aET longer.
The national bankers convention held few
weeks ago took steps 10 urge upon congress
the retirement Of the greenbacks. The jour
nails thaS best represent the thought Of the
organization have been for six months, with
infinite tact and skill, testing the public tenn
per ON the subject. The public has not taken
the alarm. The time seems suspicious, The
plans have been contaminated. The bill is al
ready being prepared to effect the desired end,
With the greenbacll5 out Of the way there
viii be no longer any reason for the treasury
keeping any gold reserve 1t viii, as a matter
Of course, gradually disappear as the green
backs are retired
When that event occurs. the banks viii be
the only place to which any one can go to get
gold.
The entire circulation Of the country viii be
i. 1. l.
plete monopoly in the matter of supplying the
gold, barring alone the slow production Of the
mines. The government viii have to look to
the banks when it wants gold with which to
pay interest on its bonds. This is part Of the
reason for the projectOf the bankers. Another
and similar reason is that the grcenbacl,s are
a constant object lesson to the people that the
government can supply safe, sound and con
yenient currency as well as the banks, The
greenback is a constant threat to the bank
note. And now, when the bonds on which the
bank note issue is based are near maturity,
the whole bank note system is near an end,
unless the S3l0,0O,0G0 Of greenbacks can be
forced out Of existence, leaving vacuum that
must be filed by something else. This is why
they cannot wait any longer This is why they
have seized the present preteZt so promptly.
This is why, as we more than suspect, they
propose to keep us on the ragged edge Of an
other financial panic until congress is fright
ened into the retirement of the greenbaclzs.
For it must not be overlooked that if the Bel
mont Morgan R0thschild syndicate has been
able "to suspend the laws Of trade, to compel
Financial interests Of other governments to
await on the requirements of the treasury Of
the United States, - to force the ordinary bro
ker into "refusing to export gold when such
a transaction offered him proft"-if it has
been able to do that in one case, it can do it in
another, and if this year it brings the tide Of
gold one way because paid to do so the next it
can turk the tide the other way if it wants to
force action by congress that viii complete the
money monopoly Of the banks.
1t will be observed that the point
made by The Express a few weeks since
is the text Of this argument.
The money spectators Of the world
are working to run gold to a premium,
They today practically control the
gold supply Of the world and have in
terest bearing obligations payable N
gold which will moro than absorb the
entire gold product of Cur mines.
Under these conditions the premium
to which gold can be run is only limit
ed by the endurance Of a long suffering
public.
With greenbacks destroyed the people
will be helpless and wholly dependent
on this banking oigarchy for every pos
sible dollar to be used in effeoting COM
mercial exchanges.
One point, however, is overlooked by
our friends of The Voice.
The necessity for a gold reserve will
be as apparent after greenbacks are de-
stroyed as now. Zone dollar must be
equal to every other dollar
National bank notes must be re
deemed, silver certificates must be "re-
deemed, even silver coins must be ''re-
deemed, and twill soon be discovered
that Uncle Sam must buy gold for re-
demption purposes just as well without
greenbacks i'll circulation as with them.
The conspiracy is against a paper
money issued by tbs people,
Inc intention IS to sell gold at pre-
MUM and draw more interest.
As this conspiracy gathers strength
and the rule of the money power be-
comes more complete the masses will
sink deeper into the abyss of a hopeless
slavery, a bondage from which there
will be nc escape except by bloody
reynlntinn. =Chicann Eznrnss