People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1895-02-21
Wanted. Information,


Why is that the gold reserve in the
treasury of the United States has
been on the decrease ever since the !
present administration came into
power: Are not the laws the same
now that they were under the preced-
ing administration? Is it because of
the changes N the tariff law. Why
W2s net this gold reserve about which
there is 50 much anxiety manifested
b. some If our statesmen jeOpardized
under finer administrations? By
whom, and how, and for what pur-
pose is $l,OOOoOO or more taken out
Of tie treasury in a single day? Is II
for dut!tsoD imports? If so, this cOun-
try viii soon be full ofimpOrted goods,
or Isl 'no Ao.l the goods and he
duties toereOn? Is it fact as the
president states that S5OO,OOO,OOO in
greenbacks have been used to deplete
the gold reserve? If 50, why were
they never used before for this pur-
pose? Are the greenbacks redeem
able in gold alone and then reissued
by the treasury department? IL has
been my impression that only the first
paper money issued by the govern
ment called gold notes were redeem
able IN gold coin. Is this so? If as
the president states, the redemption
of these greenbacks has been and is
likely to continue to exhaust the gold
reserve, why could not congress
authorize the treasurer to pay for
them in silver instead of gold? 1t
seems from the presidents message
there is over s6O,OOO,OOO in the treas
ury for the current expenses of the
government, then why all this fuss
and furry about the gold reserve?
What if it was totally exhausted?
What then? Would the country be
bankrupt, and all of US 60 to &C.
henna? ! don't think 50. Who is
doing all this bowling anyhow? Ne
body uncle but the president,
WHO'S it that wants $5OO,OOO,OOO in
interest bearing bonds running fifty
years instead of the S5OO,OOO,OOO now
bearing interest greenbacks, now a
large part of our money in circula-
tiOn. Is it the debtor class who are
clamoring for this kind Of tinancier-
ing in order to make the problem OF
their ever getting out of debt more
difficult? Is it the common people,
those who live on farms, in small
towns and villages? Or is it the
labOring classes, those who work fol-
wages, on farms, in factories, mines,
railway employees or any other class OF
wage workers? If none of the above
named classes that 60 to compose
ninety per cent or more of the people
do not want our national debt in
creased and our currency contracted
then who is it that does? The bank
ers and money lOaners, and they are
not confined to the east or Wal
street alone, but everywhere. Fol
what purpose? The perpetuity Of
the national banking system anC
loaning money. Is Cleveland preSid
ent of a bank, Or is he the banker
president? Was not Cleveland elect
ed on aiBimetalic platform? lsitnO
a fact that all his utterances sine,
his election on the financial question
have been toward single gold stand
ard? Will he succeed with the aid 0
congress in,the cOnsummatiOn of thi
damnable scheme to faSten on thi
country the single gold standar,
curse. This threatened calamity i
made permanent, would be far wOrS
for the next generation than tn
slave holders rebellion was for tn
present one. 1t seems to me create
danger cOnfrOntS the America
people right now, than did at tn
time Sumpter was fired on in 1861.
GEO. W. BAILEY.