The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1895-06-13
FALSE PROPHETS PRoPHEs1ED
Squire Jones of Bristol Takes Another
Inning On the Financial Question


writ chat in these later days false
prophets should arise and would deceive
many, and even the very elect were it
possible. Well, it does appear that
said time and prophets are now here.
On every hand we hear the. voice of the
gold-bug giving solemn warning to the
silverite " Not to coin such base metal
as silver into money, except as a sub
stitute to circulate in the dark slums of
earth. Gold only is the primary money
metal of the universe. 1t is the metal
of which heaven is constructed and all
the kings and princes of earth admire
and covet, wherefore gold is the p0ten-
tial force in the universe, while silver is
its servant. Silver then should not be
granted sovereign power equal to its
master, but must stand in awe and do
! it's bidding. There is royal difference
in metals as we'll as men in this world
and each has its proper place in nature,
one to honor and another to dishonor.
Gold cannot occupy throne conformity
with silver, but will Immediately dis
appear to some royal region where it
can be appreciated for its beauty and
title. Should such condition Of things
prevail in the United States, woe to the
country! The blackness of darkness
would settle down upon it, anarchy
would run riot, property would disap
pear and the country become ahowllng
wilderness. Everything must be done
under the name and style of gold
Standard though the business of the
country may be done by proxy with
paper-kite money or bogus silver bull
lion, but GOLD must get the credit for
the use of its name. Such seems to be
the sentiments and predictions of the
gold-bug prophets; but from whence or
where they derive their information
they fail to explain or produce any
proof, wherefore their predictions must
be taken with gram of salt. The
god-bug system of philosophy does not
require much money. The principal
merit is contained in the title gold
Standard all the rest is faith and ere
dulitv. Gold as an active force has
played out and disappeared, and it's
substitute, paper-kites, will soon
disappear and will be succeeded by
something more substantial, namely,
silver"
The faith and credit system Of finance
is now exhausted. The paperkites al
ways depended on the amount of wind
under them to float them, and when
the wind fails the kite falls. The bust
ness men of the country now demand
the cash in hand and must have it or
suspend business. IF country bank
should be found in the same condition
as the great national bank with hun
1red times more debt than cash and
credit, that bank would soon be closed
up and it's officers sent to state prison
for swindling 1t is enough to make
the soul of man sick to read the re-
ports Of the national bankers associa-
ton at Rockford. One suggests that
the government issue five hundred mil
lion interest bearing bonds and take up
all the greenbacks and treasury notes
and cancel the same. Another sug-
gests that the national bankers be en-
powered and granted the exclusive
privilege to issue all bills of exchange
and circulating notes hereafter. An
other advocates the fleXibility Of all
currency. This system, they say,
would absolve the government from all
liability land the bankers .also) without
asking any leave of the people. Now
should these banks succeed in their
scheme, | would like to know what sort
of u system of finance they would give
US. The flexible system would be the
title and no doubt it would bend to the
will of the bankers and nobody else.
We'll. we have and had flexible sys-
TENS enough and want something q lit
tie more rigid now. We have dealt in
bogus money long enough and now de-
m;,li.i the specie. To illustrate We will
n Nv suppose case: Should the cred
itors of the government some day pre-
sent themselves at Washington what
a mighty host would appear) and each
present his claims, duly audited, to the
I
treasurer, amounting in the aggregate
to more than two billions of dollars,
what would the treasurer say to the
crowd? Methinks l hear him say:
Gentlemen, your legal claims are four
times the amount of all the legal money
in the United States, cannot meet the
obligations of the government. The
universal cry of the creditors would be:
The United States is bankrupt"
notice i'll your last issue that your
horny handed correspondent of the Pa
cific slope has proponnded some silly
questions to me. TO wjf: Suppose our
our government should pay its obliga-
tons as they mature (not much danger
/ guess in money worth SO cents on the
dollar, what would be the rated stand
ing of the government financially and
what would be the effect on all bust
II g..