The Forrest City times. [volume] (Forrest City, Ark.) 1871-1919, 1895-12-06

hDnnG hse, q
cent, were authorized 20 ~ o'cetiins . per
those mentioned in the contact suos'ituteo for
The congress having declined .. 80 -,
necessary AUTHORITY 70 sec,,ro 20 grant the
contract unmodffied vae VI I'LL .his saving, the
in a gold rese,,,a GU was carrltd out resulting
me eth day Of July, 1886 Tho nerfo1 ~ oi ~
cbo-d not only restored the reserve hui
ana bro,,I H.. u IlEle the withdrawals Of god
"a a ,o,usnV On a period of restored confidence
,du 9uSh peace ana quiet in business circles as
i 49, VI the greatest possible value ~ aver,,
bad ~ 'ha 5i aHects our people. have never
nau the slightest miSriviag concernfnt, ~,
WISDOM or proprety Of this arrangmanf end
.,i Iui'S Tllllag TO answer for my fun share az
ioo ~ y1uS iDllltY Tor Its promotion
time ~, ~ iiac contract mentioned stayed for q
s,,it ',ide OF gold withdrawal, its good re-
SUITS could not be permanent Recent win
- 900 ia e reduced the reserves from stO7
oee ~ ~ .uc otn Gay OF July, 80, TO SO 333
80 INV Nv iohg II VIII remain large enough 10
of conjecture t5o',., unnecessary IS only matter
for shipment in he iTmc5ist re-, wltaarawalS
dicted In wel-inforrned 1rs-t lu'uiS are Pre-
10000 has been withdrawn dnrjrc. NJ ~
or November. 7 N ii4VH'h
ARE NFARr-- ,,,t,,,,,,. ..,
Tho foro,,,i,f,. -. ''''01 r STARTED.
difionS do VsJ,us UtemcntS Of events and con-
INV rtoro, ~, .iiC lact mat after increasing
than steS o9o 80 .1S bonded Indebtedness more
ne n oa.-eo5,3D 10 save our gold reserve we
Snch rosa " ne we started, having now in
TsebruarT ieot 9oo' As AGAINST So. 43S 3U in
sned gfho,,-1, -, : ilcl lhe hrSt bonds were is
the freqsrry ~, ~ aliiouhI OF gold drawn from
erca rro,,, - " LIARS % oe very large. as gath
il actn.ii,. ~ l"ets ana hgufeS herein present
hnvins l,ea,, - = ger considerable sums
fine sp2.e,i -, ~ - u oy the treasury within
hon9o 800 Po'i o9S stated without the issue Of
TIE WITHDRAWALS OF GOLD
VI thc 18th OF January. 1895 II yas ro,,ort "A
ny the secretary OF the treasury NJ PU mi ~
than Sl12O3O00 of gold had been vvifbd-aIoo
TOT hoardlng OF shipment during the vear ,,ra
ceulng. lie now reports that from Tanna,-
300 to July II, 1890. period of more tban
eleE en- years, only little over s29 OO0 ooo yrae
Wlthdrawn, and that between Julv IA tsoo nc
uate or the passage OF the law for m increoSed
pufchaSe OF silver. and the LIST dav of DecaroN
per 1870, or within less than five and a baif
Years there was withdrawn nearly 2375 600 00o
making the total OF more than Sina non ono
Drawn from the treasury in gold since Jannary
l. $50 the date fixed in 1873 for the retirement
OF the United states notes.
THOSE coIn-p.rnr,,,, ,,o
~, ..,- 49, - u NOASs'
-, - - - 'uJV'VVV OF the Rold thus with
S,, hds peeh pald out on these United
ooo A. III, 80 'Liu YeI every one OF the $4,000,
~. ~ = sim unCahcelled ana ready to do service
n on f odd gold depetions. More than s76.-
been Maid ont from The ctetIon IA IogV
given on tho nnrcbase IF siita ht ~ ene oees
uent and vet Inc whole a,o, ny iie toS1.h-
oo0 000 evcent a iittia 49, t Z, 90 80,
which have heo,, rati,oa ~, 80 glV.o1o'VC''
YER nj the rnonaet ~ ne h0iSgp6 80 toI III II
outStondfn, 80 ,,rl,,1.r-7 1870 = ~, ~, lii9
older and ,nnro - n,,ar Ja JoIn thelr
future raids 7,nan tho taeae,,r,y,, - III
In other words the eovernnsnt Sbas ~ "a a. o.
gold more t6an nfneetentbs Of TIC I I@nq+a ~
States notes and sill owes tber, oil :, 80
nail ia onId bcnf anebo,Ig ~ ~, ~ ~ Las
Tor silver purchases xvitbont 49, sl'en
such pavnenf one doIlar of tbesa ptn W. ~
atded 10 "a n tbis ~. era raroinG[5 49, :, " ~
an this Stonniing tinanciai nb, T,at ~ earIy
ern,nent ~ 3nc,1Tred a hondad ~ 80, sos-
~ aus 51t tat :, $50 6f1,r q er,i,7 e ny =
Of sies N, 4oo in efforfs ~ rno}+ - az =.
honded in5erf e5nass is more tban siI
0O00S6 thar a continuance in onr nrasant
cofrse my result in further bond Aise,'as
and tbat w. hava suffered or ore +broa 80 "a
Win All Ms fr, t,e 1910 Of e,,,a,I,, ~ ,id -
foreisn sblnn,art ar faniiitatin ~ ~. 9ia
han1s eitf'at,7 IL bhited b3b u.,s az
o,,ybt ~ a,.regt ,ttention ma oroy,oi,a
diafe iegislafiSe relisf am convincad TIE
only tbsro,, nd rractica Me reSnad, t 1
trot,hias a. f1n,1d l., ~, retravnont a "a nn,,oa1
In ION IF orr Tioited states notes comTnonIy
.alla3 t,roeDhoc{ys aud tbe outotor5incr trea.s
,r,, notas iscned nv Tho sTovernment r. nay
rnspt Of yiIs'er 13nrcbaSes under tho act ~ 20
isoo -
DrN,rnr,r rpCtcr Ar1oN errceperpn
a. - -,
believe this could be quite readily accom-
plisned by the change OF the notes Tor United
states ponds OF small as Wen as laree
denomihatlons' oearlng low rate OF interest.
lhey shoulu DC lohg-terlh bonus. mus lhcreas-
ing Their deslraolllty as investments, an pc
cause tnetr payment couiu DC wen postponed
burdens ana perpleXltleS, When, WITH increased
prosperity and resources, they would be more
easily met TO further insure the cancellation
OF THESE notes, ana also provide way IN Whlcn
gold may be added to our currency In lieu of
them feature IN the plan should be an au-
thortty Rlv en- to the secretary OF the treasury
70 dispose OF the Donds ABROAD lot gold, II nee
essary, 10 complete the contemplated redemp-
ton ana eahcellattoh, psrIlVtins nun ~ use
eel any of the notes mat NAV be in the treas
ury, or that may be received by the government
on any account The increase of our bonded
debt involved in this plan would be amply
com nenSated NV re eWed activity ana enter
nriSe in All business circ es the restored conf
dence at nome. the reinstated faith in our mon
etarv STRENGTH abroad. and the stimulation of
every interest and industry that would follow
the canNeiIation Of the gold-demand obIiga-
tions now affiicting us
In any event the bonds proposed would stand
for the extinguishment of "a troubl eSome in
dehtedness while in the path we now follow
there lurl-s the rnanace of unending bonds