Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1895-02-01
MORE GOLD BONDS.
HALF BILLION IS THE AMOUNT CLEVELAND
WANTS TO ISSUE NOW.

WINGED that Grover Cleveland, the traitor who
occupies the presidential chair, has undertaken
to sell his country to the power which has
never yet been able to conquer us with the
sword.
Cleveland has issued another message to con-
gress, in which he emits calamity howl that
beats anything we have yet heard. He talks
about grave danger to the credit of the govern
nent, by reason of the continued depletion of
the gold reserve fund.- which fund went down to
$65, 200, 900 in January of last year. He speaks
of the bond sale of $50, 200, 900 that was order
ed to replenish the gold fund, but the relief was
only temporary, and in November the reserve
went down to $o2, ooo, 900, when another issue
of $50, 900, 900 was ordered, and again relief
was only temporary. So, he thinks it useless
to waste time in issuing such small patches of
bonds, and he proposes to issue half-a-nillion
dollars worth of bonds, payable strictly in gold.
He wants the secretary of the treasury to be
authorized to issue ffty-year bonds, at a rate of
interest not greater than per cent. "for the
maintenance of the gold reserve and the re-
demption of legal-tender notes and notes issued
for the purchase of silver under the act of 1890"
He says these bonds must be made payable,
principal and interest, in gold, and should be
issued in denominations of $40 and $50 and
their multiples. How handy for the poor
manly Moreover, he proposes that the secre-
tary of the treasury be authorized to receive
legal-tender notes and treasury notes of 1890 in
payment for the bonds, and that these notes be
cancelled and not reissued. He also proposes
that the national banks be not allowed to take
nation than $40, and that such as are now out
standing be cancelled as fast as they reach the
treasury, and others of larger denomination be
issued in their stead. In other words, all OF
Uncle Sans paper money (greenbacks, ETC., }
is to be called in and destroyed, and all small
national bank bills are to be destroyed, and only
bills of large denomination issued in their stead.
No president of this nation ever suggested a
more dastardly piece of work. Benedict Arnold
is an angel of light-a bright and shining patri-
ot-compared with Grover Cleveland-that COM
bination of "brass and belly'-that tool of the
Rothschilds which occupies the presidential
chair.
not finding it very smooth sailing in congress.
Indeed, he is receiving what he has won-the
scathing condemnation of all the members of
that body who have one atom of patriotism left
within their hearts. In fact, if we can Judge
by present indications, the present Democratic
congress (Which he now has 'on his hands,
will not carry out the wishes of the traitorous
executive, and he will be compelled to wait I'm
til he can assemble the new (Republican) con-
gress in special session. Then he will be able
to saddle upon this nation another terrible load
of debt-which can never be paid in gold (and
he knows it) but will have to be repudiated by
patient and long-suffering people.
The bankers and gamblers of Wall street, and
the same kind of cattle over in London, COM
mend Cleveland's action and declare him very
wise and patriotic man. The Britons are es-
pecially enthusiastic over the message. The
London Standard says of it:
cit is a state paper of very high quality.
To us it is amazing that language of such plain
ness should be necessary. To offer to pay ma
tonal obligations in silver is to cheat the credit
or of more than half his due. No self respect
ing, honorable people could contemplate the
preparation of such fraud with anything but
horror and disgust. We do not believe that the
American people ever really meant it. The
proposal to utilize the new bonds on a basis of
a note circulation would require to be strictly
guarded to preserve it from abuse. We hope
President Cleveland's appeal will be listened to.
We want the loan in some respects as badly as
the Americans themselves, because economic
brotherhood causes us to suffer almost equally
with themselves. Let Congress take stock that
our money market is gorged with capital eager
for employment and then look at the resources
of their country yet undeveloped. The adop-
ton of Mr.. Cleveland's propositions would re-