Arizona republican., 1895-08-27

W fully understand the matter, for, &C., cording to The Ledger, they raised their price because the option was there. Now, we should like to know why privilege costing SO dearly should be treated as if it did not exist, and the people should be compelled to act as il the bankers had succeeded in inducing congress to SUI bstitute the word gold for the word 'coin?' Either we have thrown away $16,O0O, ,OOO, or the bonds may be paid in silver. Either the bank CTS obtained $16 .OOO,O0 by unfair means or The Ledger, in attempting to scold congress for it's refusal to make the change, speaks idly and without req. son. It will be interesting to have full discussion of this important question:"
 In line with the policy recently map. ped out by the ''Sound Money" bureau, which, in addition to sending out gold bug literature by the ton, lays down the line of battle for the gold bug or gans, The Ledger assures it's readers that the strong outward movement of gold, maintained by drafts upon the re- serve in the treasury are "really of no consequence" and that the fear with which they are regarded is "needless." Again The Manutdcturer pounces upon it's adversary by propounding this question: "If loss of gold is a matter of indifference, why should the govern ment pay huge sums of money to the British bankers to put gold into the treasury and keep it there? The Manu- tactursr points out the absurdity of transaction which nobody has ever seri- ously attempted to defend, as follows: "Either that arrangement was wholly useless or it was i'm mperatively necessary. If it were necessary at any time, it is necessary now; and more then this, if we are to base our entire mass of cur rency upon gold it cannot be natter of small concern that the metal is being drained away to Europe. It is indeed a strange thing to find newspapers which in 1893 emr rloyed the fact of the export of gold as means of frighten- ing the people, now declaring that similar export should be regarded with tranquility. We may observe, also, that the existence of a large volume of green backs is by no means. az alleged, the real source of the trout ble. Could exporters not obtain from the treasury the gold that they require, they would get 1t from the banks, all of which, ac. cording to the accepted construction of existing laws, are obliged to pay gold, so long as we are under a gold standard upon demand from their depositors. It is true that the banks might refuse such a demand, but then we should have suspension of gold payments. which is precisely the catastrophe of which we have been warned as con- sequence of the remonetization of sil- yer. The truth is, and only the wilful- ly blind do not perceive it, that the available supply of gold is not equal to the demand for the metal. Moreover, If the banks may lawfully refuse to pay gold, why also may not the treasury, which has indeed, even now, lawful option not to pay it?"
 We submit that nothing could be ad- ded to this merciless exposure of the shams and false pretenses which for a month have formed the stock in trade of the goldbug organs. Whatever else may be said on the subject, one thing is too plain to be debstable: The only safe course for a goldbug organ 10 pur- sue ls to affect superior wisdom and vir- tue, abuse the bimetallists as cranks and repudiators, stunning any attem pt at argument as 1t would cyclone. No eucb thipp oS rotionol dofapua of goldbugism or any of it's results is pos sible.
 AN ADVOCATE OF COUNTIES.