The Caucasian. (Clinton, N.C.) 188?-1913, 1895-09-19

the goldbug machine Democracy
dominates. This does not affect the
forecast made above.
ANOTHER ISSUE OF BONDS.
This headline ought to make every
man stop and think.
There is no true man who sees it
that will not stop and think.
Regular readers of the CAUCASIAN
are posted on the existing Demo-
cratic scheme of issuing bonds, but
a brief reference to it may prove
interesting. Let us begin with what
is known as the "gold reserve" and
follow up the facts.
OF late years it has grown custom
airy to keep one hundred million
dollars in gold in the national treas
ury which is called the "gold re-
setve." Beyond saying that this
PRESERVE" is a lever by which money
sharks and bond spectators manip-
ulate the financial system of this
government, no man on earth can
show a good reason for keeping it
there. 1t is not demanded by the
people. No law requires it. It is
pretty generally admitted that it is
a part of the plan of John Sherman
and the London Jew money lenders
in their scheme to strike down silver
as a part Of the money of this coun-
try. Their plan was to demonetize
silver, and thus make gold the only
redemption money of the United
States. Then they grew tremen-
dously PATRIOTIC. They wanted to
sustain the credit of this great gov
eminent; and they said: "When we
demonetize silver, the bonds and
other obligations of the government
will all have to be paid in gold. Of
course we know these bonds and oh
legations are now payable in "coin,"
and coin means both GOLD AND SILL
YER money; but if we take away
the silver money, gold only will be
left; and then, although the bonds
and obligations will still be payable
in 'coin," they will have to be paid
in gold, because gold will be the only
"coin" money in use."
After laying their plans thus far
they said: "Now, we want all the
bond-holders, &c., to feel safe, and
that they may feel safe we must
concoct scheme by which they will
know that they can get gold coin at
any time they may want it. There
fore we must arrange matters so
that large amount of gold will al
ways be in the treasury. We will
make the amount one hundred mil
lion dollars, and as long as the bond
holders know that all this gold is in
the treasury, they will have "conti-
dence" in the government"
This was the scheme of John Sher-
man and the London Jew gang, and
they carried it out. Congress never
passed a law authorizing it, and
there is no law which gives the Sec
rotary of the Treasury, or any other
government official, the authority to
establish and keep this Preserve"
But it was established. 1t was done
when the people of the country were
letting the "leaders" and politicians
fool them by bowling about the
tariff, or waving the "bloody shirt, /"
or crying niger niger !! The
people never knew it, and Congress-
men whom the people have been
electing and sending to Congress for
the past fifteen or twenty years
never told the people anything about
lit.
Now, what else is there to this
scheme7 The sehemers went to work
and made big appropriations for
everything. Then they made laws
regulating taxation and public reve-
nue. receipts 50 that the amount of
money which the government re-
ceived would not be as much as the
amounts that would have to be paid
out to meet the appropriations and
the running expenses of the govern.
ment. just as soon as this hap.
pened. the government had to take
a part of the "gold reserve" to NEE,
its obligations; and when the "gold
reserve" was touched there went ur
a great howl from the bond-holders
and money spectators that the gov.
eminent was getting so that it could
not meet its obligations-the "gold
reserve" was going down! credi,
was getting weak !! there was lacl
of confidence y!
What must be done under these
awful conditionsi Gold must bt
gotten from somewhere. The "gola
reserve" must be restored. And Their
the work of restoring the "reserve'
began. The banks and money spec
n1afnra had tho gold Tho- ..:J -