The midland journal. (Rising Sun, Md.) 1885-1947, 1895-02-22
United States Currency "Depre-
ciated."


ciated."
The contract the President has made
with seven agents or members of the
"ring,'' and one American
banking house, the latter to keep appear
ances, perhaps, to issue to them within
ten days $62, 400, 900 in per cent bonds
on 81 per cent basis, with the privilege
of reducing the Interest to 3 per cent in
case Congress agrees to pay gold instead
of coiu, is complete illustration of how
our currency is and sis to be-" depre
ciated.
In other words, this message of the
President to Congress, is a confession that
the contracts of the United States payable
in American, are now at discount of rs
per cent compared with gold coin.
The gold cornerers demand the extra
rs per cent in interest for taking the loan,
and the Presidsnt says he will pay it if
Congress does not make our bonds pay
able specifically i'll gold coin.
No clearer evidence is needed by the
business public to show how gold pre-
MUM is devised and executed.
AS The Item has said for years, such a
premium is wholly til. arbitrary work Of
conspirators or cornerers of metal which
they are and have for generations been
striving to obligate this and all govern
ments to pay.
Solely for the object, as is shown in the
present case, that such governments shall
be compelled to resort to the Rothschild
ring" to meet such obligations, and to
pay this "ring" whatever it asks for the
cornered material.
This "ring'' now practically announces,
that since last November, 'the credit OF
the United States has deprecated rs per
cent in gold "
And that is what the business world
will say, if the thing is done as the Pres
ident proposes.
And what is 70 the point for other issu-
ers of bonds to consider, including our
railways, etc, a rise in the demand for
larger interest will be the immediate word
all along the line, because, as the usurers
will say, the United States has started the
precedent.
And conversely, outstanding bonds
must fall in Their selling value, because
they are paying lesser interest pro-
portioned to the old rate of credit this
Government had in November of 1884,
Could anything be more shameful for a
President to recommend?
The bonds the President threatens to
issue for receiving the mentioned S62,-
400, 900 call for an interest payment by
the people of the United States. in addi-
ton to the principal, of S67, $50, 900 within
thirty years
That is, the people under the President S
act, will be obligated to pay interest
$3.50, 900 in excess of the principal for
the use of this comparatively paltry sum
of gold
And what is to the point. all this gold,
if the recent past experience is any guide,
will again be exhausted within two
months or so.
That is, the people will be called upon
under the Presidents message, to pay
$67, 900 for absolutely nothing.
For at the end of two months. all this
or perhaps worse is to be repeated.
The Presidents message practically
says: "This Nation is now in the hands
of the Rothschild ring" and whatever
they ask for their gold in order that the
solvency of American contracts and par
ticularly those of the Government shall
be maintained. that sum the people mus
pay Such is honest and sound finance )
Here is another point for our bushes:
houses to consider: The contract the
President has made pretends to be with
foreign houses, because these contracting
Wall street manipulators have foreign
correspondents.
All these foreigners are located in Wal
street, and there is not sign of any neces
sity on their part TO move opt of tina
street to get all the gold they want tt
pay for these bouds, by applying for it a
the Treasury.
In other words. the "foreign gold" i
all humbug. Why. even the Nationa
banks of that vicinity are howling alQYs
for these bonds. because they u per cen
more interest than the last What SHOULD
this ring 60 abroad for to get GOLD
under these circumstances
This huge robbery is absolutely satanic
philadelphia Item.
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