The Canton times. (Canton, Miss.) 1893-1906, 1895-12-13
STRANGE.

II is strange to see a great paper Ike
the Commercial Appeal in its editoria
comment on the President s. message
say: 1.-THE Increase in the govern
ment's bonded debt was due TO the fac
that it didn't have money to pay III
expenses. When legal tender not,
was presented and redeemed in golt
the government was at liberty to ust
that note in paying current expenses
which it could not do with the gold
The greenbacks redeemed were SO USED
because the government could not pay
expenses without them," when the
President in his message clearly states
to the contrary when he says:
ut is possible thai the suggestion OF
increased revenue ms aremedy. for the
difficulties we arc considering may
have originated in an intimation or
| distinct allegation that the bonds
which have been issned ostensibty TO
replenish our gold reserve "eie really
| issued to supply liisnlilcient revenue.
| Nothing can be further from the truth.
! bonds were issued to obtain gold lDi
| the maintenance OF our national credl
us has been shown. The gold thus OH
tanned has been drawn again from the
treasury upon the United States notes
and treasury notes. This operation
would have been promptly preFeoted
if possible, hut these Eotes having
thus been passed to the treasury, they
become the money of the government,
like any other ordinary government
funds, and there was nothing to do
OUT 'o use tneH ia phyins soNe'nA'cho
A. M Tins WIN bonds have becn
issued has there been any consideration
of the question OF paying the expense
OF government WIN .neir proseeus.
anas,i,n Az the tirne 81 each bonu
iesue we had safe surplus in tn.
treasury for ordinary Operations ex
c G. W o1e ea s''u ~ vi ~ ~, 80
~ honds was made such surp)s
amounted to over SIS, 200, 900. In No
venber when the second issue wa"
i mao - ~ "ui ,onr 49,,
honds for the thiro tims were issusd
such surplus amounted to more than
$loo, ooo, oUo. IL now amounts 70 sse'-
o.- ~ t,a,.,s 10 a,thor;,u ,.h.,,
avar tn ;asu. honds to increase tha
ordinary expenses. IcaDnot but think
there mas oeen some confusion OF 'oeas
80 les =, u an1 tha re.,,l, nftha ni,bdra,.I
~ e,oId },
There are s34s. Gle. OF 6 worth of green
backs outstanding redeema ole in gold
Ad 70 this the Governments notes for
~, exc IA, oon .a Co. -.
~,'O
purchase OF silver onliloh ana payaoie
in gold or silver and you have volume
NJ nearly $40 Ono. ono of gold ob,ira-
~. .,9o
'ion' ""Ffi 00e'S'' aus '"' Vioo'
OO0,O00 gold reserve In order to
keep the government credit rood |
-rbis 10 +ha r-o,t evil in o,r f,.
~,
Ahces' Ahey ara" the solo Anu nust
be re-issued to come buck and draw
AGAIN. and apain al in6nitum
N, f, .,,s, ~.
"o io' o' 'o 49,. "''0'' ''
snail not De Cancelled OUT When pres
snted for payment ia gold and thereby I
hacome tho nronertv nj the yoyern.
nen' Vn'y 'nA"N oe ias o'en
with the above surplus IN the treasury.
The silver purchase notes not silver
;ecotes hai,c nsvahl,. i'm gold mr.
,nua. ., tha discra,ion NJ tb., sa,,rota.
g III. traasr~v reo,rdiny thu. notes
bo nres;deut saws.
:. mas bouorar d.c,orsd :, ,ho a.,
- no "Tba estabI;sbad nnl;,.v ~ H.
,T,i,ad states IN ,na;nta;,, tho luz
ataIs On nar;tv With ar othar
- the nrssen, ,soai r.tir or sn,h