Arizona republican., 1895-09-26
think of that?"

CulIk OI IudJ.
 MT. Barnes-"By no means. News
 papers in the large cities say so, but
 the wish is the father of the thought.
 I have taken pains in Chicago to find
 out for myself I have spent hours
 and days there during the last month
 beating about, talking with people to
 whom I was a total stranger I found
 the working men, railway employees, trackmen, hackmen, mechanics at
 work, clerks in stores, walters in res
 taurants, shop keepers, nine out of ten
 for silver. I found this sentiment as
 much with Republicans as Democrats.
 I have been among the farmers and I
 find the same thing. Oh, no! the craze
 is not over by any means On the con-
 trary, the conviction is getting deeper
 and deeper. By the way, do you not
 notice the gold people are having trouble with the reserve just now?
 Tt is impossible long to maintain
 monometalism, as is now attempted
 We are drifting surely to premium
 on gold To hold up the reserve by inducing syndicate of bankers to ex-
 change gold for greenbacks is but a
 temporary makeshift The syndicate can exchange the same greenbacks for gold whenever they wish and they will
 do so, when their interest suggests it. The whole monetary system now rests on the voluntary will of these bankers. Every financial interest in the United
 States is at their mercy. This has
 been demonstrated during August. Twice has the reserve been lowered by withdrawals of gold shipments, and each time wheat has gone down one and one-half cents in Chicago. Each time these bankers could have sold this wheat short, taken in their profit and gone along just before they made deposits to maintain the reserve, and taken in a profit again on the advance, and so they can milk the market at will. They gamble on sure thing, | Even among tin-horns, such bet is off. It is true that with monometal- | ism 'greenbacks are a chain-pump to l pull out of the treasury No sane man believes this condition can last | It gives, however, a most useful ob- | ject lesson, which seems to be the fad | of modern statesmen in teaching econ omics, to show how completely we are dominated by the bankers. The price of wheat, corn, cotton, provisions and | the metals can be run up and down at their pleasure. The bankers are al- ready discussing with the president 8 new bond issue, and are haggling be- tween s25,000,000 and $5O,OOO,OOO of ponds. J. J. Mitchell is right in say ing, if he is correctly reported, that $500, 100000 will be needed. To main ain gold as sole money for redemption he greenbacks must be retired. The pest paper money we ever had, with he glorious and patriotic history sur 'ounding it, is thing of the past. Bonds to at least 36O,OOO,OOO must be ssued to redeem them. This will give 'oom for more National banks, which will be necessary to avoid the enor- nous contraction of the currency. iold will then be the legal tender mon ey Nothing can be more disastrous This is the only plan or policy which he goldbugs can offer, and it is folly % consider monometalism without it. Such plan is not possible. No practi- ,al statesman can advocate it. The Democratic party can never be expect d to destroy the greenbacks, and the Republican party will not dare to lay sacreligious hands upon them. The )lan is not practical statesmanship.
 'The business of the world cannot ,e done with gold the only redemption money without destroying values. A