Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1895-12-06

nual interest charge Of such bonded in
tebtedness is moro than Sll,0000O0, that
continuance IN our present course
may result in further bond issues,
and that we have suffered or are threatened
with all this for the sake of supplying gold for
foreign shipment ~ facilitating its hoarding at
home, situation is exhibited which certainly
ought to arrest attention and provoke immed-
ite Legislative relief / am convinced the only
thorough and practicable remedy for our trou-
bios is found in the retirement and cancellation
of our United States notes. commonly called
gieenbacks and the outstanding treasury notes
issued by the government in payment Of silver
purchases under the act OF 1890.
believe this c ould be quite readily accom-
plishod by the @ CHI 81 these notes for T. $.
bonds OF small as well rs large denominations
bearing low rate of interest. They should be
ong term bonds, thus increl sing their dcsir-
ability as investments aud because their pay
nent could be well postponed to a period far
'emovcd from present financial burdens and
oerpl"xities when with inc rcased prosperity
aud resources they would be more easily met
70 further insure the cancel alton of these
notes and also provide way by which gold
may he added to our cui 'ncy III lieu of them.
4 feature in the plan should be au authority
gwen TO tho Secretary Of the Irrasu y
10 dispose of the bonds abroad for gold #
necessary, TO complete the contemplated IT,
temptIon aud cancellation permitting him use
81 the proceeds Of such bonds to take up and
;ancei any OF the notes that may he IN the
treasury or that may be received by the gov
srhhlfn' on any account Inc Increase OF our
"h'ie" neot iNoiVeu III thls plan would lie
amply compensated by renewed activity and EN-
terprise IN all business circles, the restored
confidence ut home the reinstaied faith in our
monetary strength abroad. and the stimulation
''ery interest anu ministry mat
"nul" Hollow the cancellation al the
soiu "ehahd oDilgatlous now aihictlng US.
~ any event thc ponds proposed wonld stand
u" 'ne eAtihsuishmeht Oh Troublesome M
leh'enness while III the rhih we now follow
lherr turks the menace" lending bonds with
our Indebtedness still uhdlscharged and agra
'h'e" IN every feature lie obligation hec"a'
'aiy I'd nhn ,his ihhentchhess woulh mol equal
VI "'l"nht thosf from WHEN we nave Derh re-
iie'eh since 1881 by anticipation aud payment
oeyohn 'ne requirements Oh the sunk ing inhh
'ut Oh our surplus revenues rue currency
wiihhrawn by the retirement of the
oh''en states NOES and treasury no,rs
amounting u" pt"habE less tlah so'oloWn
"'eht DC s"ppIleh 10y snch g"ld as would he
uSeh gu their ie'T'Ineht or ny an Increase III
H'eghIatioh oi our Nat lonal banks. Ih"iigi
the aggregate capital of these now IN existence
amounts 10 more thah sonoOoooOO, Their out
standing circniatnn bhSed on bond security
p'u""ntS W "'N 'o"'i' s''oooo'W" ihey arc
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mus mou'ne" 1ou'" issue 'Ifr"'n,'oh
VI "'''l'"' v" 49, ",'''N "u,s''"''l"s'
aiio"n''"F 10 S''1'"'"''' WING" """I" marry
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'"nooiiou' a, any '''', s''"o' '",'""e",'l TX
Peo' W ~ '" uN'S''nS 'i' 'o"'i "'nhS :"
o.''c'S 70 oc oIs'i''Ncu "''i' 'ne"nS'Nr7 "' t"e
prupose' 10 ISSUE ''rI"'a''"n
ulln pron'p'S "i' '"H vacuum '"' S"ppS ''''E
,"'.'noS noeu' " nt9 "l"'Ns S.""'' 10 '''
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va. =" h"',"""' "a'Ns ",l',' "P'r"'o IL i'"l'
"at'o" W '"'' l"c'."'" '"''9 I" make proper
ron,iS'nsh.'"i' "r 'n' SUPPRESSION 81 s'""
M'hNs Wnir" '"'n' near W 'n' oI'f III an see,