Capital journal. (Salem, Or.) 1893-1895, 1895-01-01
THE GOLD BOGlE'

Gold Is again gong w
10 lose our gold! But do not use silver
or paper money. Whist rot! While 1t
q lmportant to have gold and SILVER
money, and all nations have gold ana
silver money, and our country VIII
always have more than lts snare oi
both, because it mines more gold anu
silver than any other country, and be-
eause we sell more products than we
buy, It is far more important TO nave
plenty Of good, safe, sound aud iiexioie
paper currency also Paper currency
e the measure Of a peoples intelligence
and Of a nations credit Gold ana silver
may be evidence Of wealth as o'ne'
products are, but the wise and leg'u
mate use Of IL paper credit currency II
evidence Of highly developed com
merclal civilization. As res'rlct'o
paper currency drives up the rate o.
interest, depresses the value Of land 'the
prIces Of labor and products, dlscour-
ages trade aud dlminishes productive
enterprises, so liberal national paper
finance system raises the value OF iano'
employs labor, increases demand io'
products and stimulates business NOV
the Oregonlan tells us here IN tar-'H
Oregon that we would be still Oe''er
OF II all our paper money were re'lreo.
Last year the cry Of Cleveland anu
the oregonian was, stop coinage oi S'''
yer and the country will resume pros
perIty and gold will stop flowing ou"
Rut II didn't. Now the same authorl'
ties cry: Retire the treasury noteF'
Having demonetized silver In 1875
having put 1t on a gold basis In iS0"i
now the cry is destroy all the paper
money or our gold viii all leave U.S.
Stop coinage OF silver to save our gold
going abroad, they said but gold goesi
Now, Il is, retire the greenbacks to
save our gold; but gold will'go until we
stop worshIpplng gold as our financial
idol. :,
What will become OF our country II
this advice is followedP Are we, the
most progressive Of commercial nations
to do without the greatest of modern
commercial inventions, good paper
money? The Portland paper says;
"The gold reserve has decreased
about S2b .OO0, 900 In the month thal
has elapsed since the bond lsale was
made. and the banks that bought the
bonds and are drawing interest oh
them have got most Of the gold. The
reserve Ia now over Sl8,OO0,0 600 below
the legal limit. At this rate another
bond sale will be necessary almost I'M
mediately after congress adjOurns,
March 4th. The only way To stop TINS
costly nonsense is TO retire treasury
notes"
Retire the treasury notes, indeed
Az though absolute goldbuglsm were
any remedy for the proslration our
country Is suffering under continuous
goldbug policies for two years, Dr. San
grado bled his patients aud gave them
warm water Cruel. The weaker they
became the more he gave them IA
with these financial doctors. They 10
pealed the sherman law. The patient
does not revive he is growing weaker
issue some more gold bonds his pulss
beats higher aud bis blood nows faster
Issue somo moro gold bonds he ID nearly
ready TO give up the ghost retire the
treasury notes Destroy the good old
greenbaeks, This sort Of stun ID bad
enough Tot a Democrat who knows az
little about nnAnce as Cleveland dose
hut Il Is Infinitely wome ior a mal
like ths oregonian ediior who "a lse.
publican and supposed 10 be a msn o
pfains, 60 advocate such rot,