The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-07-22
Is ID 81. O00 0o0 ID these bonds ID Londor

els OF $50 0o0 OF these bonds 70 London,
in the keeping Of our assistant sccreta-
rs Of the treasury 10 be signed there
and delivered TO the Rothschias. aud
/ can see no profit in selling them NJ l9!ia.
when they were worth 100, but charge no
eNll intent upon any on" FOR making this
childs bargain. Its absurd.ty IS a strong
plea for its innoccucy.
But as democrat, / object that no
law gives authority 20 any Official to in
ciude in contract. for the sale Of bonds.
the sale Of the obligation Of the govern
ment To- those purchasers. that they should
have The exclusive option TO buy any at-
dit onal .ssue Of bonds until October 1875.
II is a serious humiliation that our gov
'tnWtnt feSorted To sale OF such an
obligation. II placed the sovereign power
Of the United states 10 borrow money
W-th-n the control OF persons, some Of them
foreigners. and loaded II with parole
Of honor 10 keep the prom Sc. without r.
gard TO the actual necessities Of th coun-
try. even If we should he involved war
with their country. The TRANSACTION 5
W ,hout precedent o. jus.ffctton. arI II
has au odious flavor Of SubserYIcvrv, " non
= pays "A foreign syndicate - t9r, vel a
bu upou our treasury f5~ COLL.
s"yef f@ pItt 4' F f25 farm bara ba mg no
onshp TO that COVER rr'ent II ne
States which was elariousiy inte-
for moxs than con. IrV.
Pea for r. departure IS % con-
used To give The. president the
to issue gold bonds.
,c Demand for Gold Bonds.
8 10 his construction OF the duty
ted states IA payins them. al
and oblgations are payable IN
~, then, should the presi-
and o. congress the au-
issue bonds, expressly
gold coin, and accompany
with threat taat If The de-
not acced"d Co., he would sell
under The resu NJ ON a at
of interest, W1.In meant
alum. Congress WAS quick 10 de
ais demand for gold bonds. the
of an our securities intu gold
i. for we could not make flesh
,I 20 u ..t .f,E
Il. could yield, there would result an
" enactment that there was not an
~ Il parity between gold and silver
- ~ under the Jaw. although gold ana
3 LIVER coins were both a full legal tender.
u was easy enough for the president to
have ayowed that this was not his par
pose ia demanding the issue of GOLD bonus
by act OF cong css. 10 was to get con-
gress 10 denouuoe SILVER as unsound money,
In comparison with gold, that this I'M
precrleutel threat was made.
THIS S not the sort of holiness in policy
expect from . democratic president Of the
I'm ted States. II does not reach the nigh
, mark claimed TO" Mr.. Cleveland by his
This goat subject. with is American
aul European movements, would DEFY any
effort to epjtonize 10. but N the Uaijed
States. we have "A start.He point in the
discussion which begins tn the consf.-
tution OF our country, ana it ends thee
with all sucn AS respect the guarantees
or that instrument IN securing the rights
res rived 10 the people.
and was made TO secure the rights of the
people. mainly by abridg ng the powers
of those in authority, the proper CON
struction of its powers IS 10 be liberal in
flyor OF the rights reserved. personally
the people. and strict. as to the powers
#elegated 70 the servants of the people
Hciuding the congress ana the president
with these rules in n nj. l VIII attcmpt.
AZ the expense OF your patience. | fear. u
resent my views on he real pivotal points
IN whch our financial system hinges. I
cout all ius nuations that have been made.
asven by the president, that any democrat
America is. know nrly. an advocate Cor
-lC1p or unS0und money.
,.y The arrogant ana unjust assumption is
'1nly intended 10 have mans opinion con.
tcWued. without "a bearing on the facts.
' Is a false deNuuci ft.on in terms that
: re- general euough TO defy definition. which
+ E expected to so current because of the
opposed high authority Of him
utters il. In tines Of wa.
have issued money by the authority Of
'anizcd governments that could not he
Mmed. such as our continental money
Ac paDer issued as money by the Con
Hr states And during our civil war
treasury notes in circulation that
~th oulJ 50 cents on the dollar
all that "unsound" money.
strength of Our Credit.
but gold and silver coins can
n of q domestic war when the