Marshall County independent., 1895-03-01
Questions Asked.

}
/ the treasury definite statement, and
wants TO know, you know, how much
money is needed, and what ii is needed
/ for. Mr.. Carlisle Immediately responds
that the revenues of the government
are coming in SO prOfuSely that there
will scOn be surplus IN the treasury.
Almost the next day the president is
sues message TO congress demanding
the authorization TO borrow money. and
as congress takes the word of the secre-
/ tary of the treasury that there is now or
soon Will be surplus of revenue. and
refuses to authorize the issue of bonds
or To pass any tnalc a bill. the D-esi-
dent takes the bits IN his own teeth and
notifies the nation that he has already
borrowed over siXty-two millions of
dollars, and has ordered the bonds to be
issued. What the people of this great
country want to know is. what IS the
true condition OF the governments
finances. Marshall County Independ-
ent.
The article would seem to indicate
that as there was large amount of
revenue derived from tariff on imports,
as reported 10y Carlisle, there was no call
for gold as reported by the president,
and for which he issued bonds to the
amount of S62,OOO,OOO.
/ can scarcely see in what manner the
two transactions have anything to do
with, or effect each other. Some years
ago the government executed large
amount of its own notes which it prom
ised to pay in gold. Later a sort of
"dicker' was made with its citizens by
which the government agreed to buy
large amount of silver each month and
pay for the same in certificates payable
in "cOin." The word "coin" in the cer-
tifcate appears to have meant "gold" to
the holder of the certificate, at least that
is what he calls for and gets.
Now we will turn to Carlisles depart
ment and we find large amount of
revenues coming in, but it is being paid
in this same government paper, which
they are by another law compelled to
pay out to the next man they owe.
We turn now to the other wing of the
treasury department and we find q mum
Der of people with a few millions of
this same kind ofpaper demanding gold,
and as it is part of the contract, Il e
paper is redeemed in gold and again
paid out to the first man who comes
along with little bill TO settle, and the
next day the same paper comes back in
the hands of another set of men, and
! &c fra
chain goes on continually.
Another source of gold depletion is
even worse than this. For many years
foreign capitalists have had large in
vestments in American securities such
as railroads, mining, manufacturing
liquor traffic and banking
The history of our banks during 1851
2-3, was enough TO scare braver men
than Sir John Bull. The strikes and de-
struction of property by strikers, and
the innumerable bills introduced into
every legislature by pop-gun statesmen
aimed at railroads and corporations gen.
orally are sufficient to show any prudent
business man, that securities in that
line, are in danger, and would be safer
in their home bank, even at the sacrifice
of precasious interest. These securi-
ties are now being called home by Eu-
ropean capitalists, and have been rap
idly, for the past four or five years, and
what is more natural than that, that
they should want to take back what
they brought here, in gold.
Now what / want to know is: How is
the tariff income, payable in promises
to pay" be it ever so large to be made
available in the way of furnishing gold
to meet the demands have mentioned?
How would the unlimited coinage of
silver help it?
There is a nice little pile of silver
coin in the treasury now and the gov
ernment would like to pay it out but no
one seems to want 1t. Even the silver
senators refuse to accept it for their sal
aries.
What the president asked for was
some gold to meet gold payments. He
had too much paper, and asked that
as fast as the paper was paid off, il be
cancelled.
When business men pay off a note
they cancel it or tear their name off, but
never pay out the same note again. The
president wanted to introduce these
business methods into government af-
fairs and failed
AsI write this for information not
for criticism, | await an explanation as
to how the two departments are depend
ent on each other. J. A. MILLER.