Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1895-09-27

as heretofore. The gold drawn
from the treasury has been drawn
tor export. Destroying the green
backs would not destroy the demand
for gold for export, nor render it any
more difficult to obtain it. The
situation would be as Mathew Mar
shall, the financial writer of the
Sun, says it would;
"If the legal tenders were retired
all debts, including bank deposits,
would become really payable in gold
though nomnally in silver also. The
exporter of gold would demand it
from the banks and the banks would
have either to pay it or to refuse to
pay it. If they paid it the country
would lose the gold just as it is
losing it now, and if they refused
to pay it we should come to the GUS
pension of gold payments, to avoid
which we have for the last two
wears made such strenuous efforts"
The treasurer now reissues the
ereenbacks in payment of govern
mental expenses. If he is, instead
of that, to destroy them, he must
pay those expenses in some other
way. If he must receive green
backs but cannot any longer pay out
greenbacks, it is as evident as that
two and two make four, that the
treasury instead of being relieved
will be still more greatly embarrass-
ed, and more in need of help than
ever.
No: the associated bankers are not
proposing this action for the relief
of the treasury or the relief OF the
country. Their ostensible motive
is not their real motive 1t is i'm
possible to believe that it is.
What then is their real motive?
Listen!
With the greenbacks out of the
way, there will be no longer any
reason for the treasury's keeping a
gold reserve. 1t will, as a matter
of course, gradually disappear as
the greenbacks are retired. When
that event occurs, the banks will he
the only place to which any ono can
go TO get gold.
The entire circulation of the coun'
try will be based upon gold, but the
banks will have a complete monopo
ly in the matter of supplying gold,
barring alone the slow productions
of the mines. The government
itself will have to look to the banks
when it wants gold with which to
pay the interest on its bonds. This
is part of the reason for the project
of the bankers.
Another and similar reason is
that the greenbacks are constant
obiect-lesson to the people that the
government itself can supply safe,
sound. and convenient currency as
well as the banks. The greenback
is a constant threat to the bank
note. And now, when thh bonds on
which the bank-note issue is based
are near maturity, the whole bank
note system is near an end, unless
the $40, 900, 600 of greenbacks can
be forced out of existence, leaving a
vacuum that must be filled by some
thing else. This is why the banks
cannot wait any longer. This is
why they have seized the present
pretext SO promptly. This is why,
as VIC more. than suspect, they pro
pose to keep us on the ragged edge
of another financial panic until Con-
gress is frightened into the retire
ment of the greenbaeks. For it
must not be overlooked that if the
Belmont-M organ-Rothschild syndi-
cate has been able, as so eulogisti-
cally described by the editor of
Bradstreet's in the current issue of
the Review of Reviews, "to sus-
pend the operation of the laws Of
trade" to compel Financial in
terests of other governments" "to
await on the requirements of the
treasury of the United States" to
force the ordinary broker into ore
fusing to export gold when such a
transaction offered him profit, -