Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1895-11-13

why cannot the administration tell
the truth as to the kind of coin in which
greenbacks and Treasury notes are re-
deemable? Because, if they told the
truth they would be compelled to say
that both the Treasury notes and green
backs are redeemable in either gold or
silver coin at the option Of the Govern
ment, for that is the language Of the
statute.
How could the admission that the
Treasury notes and greenbacks are re-
deemable In either gold or silver affect
the established policy of the admins
tration?
It would destroy the wicked policy
of the administration which produced
the panic in 1893 and inflicted untold
misery upon the country.
How would it destroy that policy?
That policy depends upon the false
declaration that greenbacks and Treas
ury notes are gold obligations and can
not be paid in silver. The false asser-
tion that the Treasury notes and green
backs are gold obligations is the only
excuse for raiding the Treasury for the
benefit of gold gamblers.
What other use does the administra-
tion propose to make of the false asser-
tion that the greenbacks and Treasury
notes are gold obligations?
The administration proposes to issue
interest bearing gold bonds, and with
such bonds buy up and retire the green
backs and Treasury notes, assigning as
tho fo1co o11n1ofian fhok Hho
greenbacks and Treasury notes are gold
obligations, and the obligation of the
Government to redeem them in gold
enables the gold gamblers to present
the paper of the government and draw
out the gold.
Why is the administration willing to
give up the scheme of raiding the
Treasury with greenbacks for the bene-
fit of gold gamblers?
These same gold gamblers have other
reasons for the retirement of the green
backs. In the first place, the gold
bonds which are to be issued for their
retirement will be used by the banks
to obtain circulation from the Govern
ment. According to the recommends
tion of the administration these gold
bonds will be filed with the Treasury
and their face value in money will be
issued to the holders so that the banks
| which receive this money will have no
investment in the bonds. They will re-
ceive as much from the government as
they paid for the bonds, but the bonds
will remain in the Treasury and the
Government will pay to the banks
annual interest on these bonds,
the same as they would do to a
bona fide holder thereof. This is one of
the reasons that the administration and
the banks want the greenbacks retired
Another reason is that the greenbacka
are good money and stay in circulation
and cannot be expanded and contracted
to meet the speculations which the
banks have in view, whereas if the
banks are allowed to furnish the people
money, they can expand and contract
the currency as will best suit theil
schemes of speculation.
There is still another reason why the
administration and the banks want the
greenbacks retired. They want more
contraction to increase the value Of
bonds and money, because they have
got all the bonds and all the money
The fact that they have already
doubled the value of bonds ant
money by legislation does not salts
fly them. They want to continue th'
process of contraction with all its hor
rors for the purpose of continuing to in
crease their wealth by unjust legisla
tion. When Congress meets, the finan
cial war on the people to reduce them t
slavery will be renewed with vigor. J.
is expected that the Republican Hous
which has always been subservient t
the money power will do its part, an,
it is hoped that the same influence
which converted silver men to the gol
standard and made them vote for tn
repeal of the Sherman act will secur
votes enough in the Senate to retire tn
greenbacks and provide for perpetua
and increasing national debt to main
; tain the gold standard and contractio
and transfer the remaining wealth @
, the nation to the hands Of gamblers
bonds, stocks, and money. If the voic
, Of the people is not heard in protes
- and it is difficult to hear that voic
above the din of the commercial press
! there is danger of legislation at th
) coming session the infamy Of whic
, is only surpassed by the crime of 1S7
itself.-Silver Knight.