Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1895-12-10

work semenlb is
more patn iotic Is re,e CONG lost
ground thar. it.s is 1 in new
territory
sssss;
PRES DEN i LEV HsL AND's1
ESSAGlF $50
The Presid ell. did the country
q real service in ting SO able.
. review Of the 1inan cial questi ion.
We hope tina every & either i will
read it. From his stand point as.
an honest gold Ii me- home tails
and there IS no doubt that he is
honest IN his views his position.
is unassaila ble
He prov es= conc usiVel and:
.cogently several points that have
heretofore been rather misty in
the minds Of most people.
Est. That the passage Of the.
Sherman law, or rather that part.
Of it called the parity clause, by.
virtue by which all coin obliga-
.tions were made payable in gold,
was really the law that establish.
ed gold monometallism3 in this
country. The Republican party
passed that. Its meaning was
also construed by secretaryF
ter under Harrison's administers
ton, CleVeland's admins tration
has simply followed the policy.
inaugurated by his predecessor.
By virtue Of this policy the treas
ury has been drained Of nearly
s;A=o(oS,QQo,oQ Of Of gold BY specula.f
tors and as q consequence bonds
have been issued to furnish the.
gold. Had Harrison been re:
elected the result would have
been exactly the same. Under
this policy Cleveland could not
have done otherwise than he has.
That much is certain * .@ ., 4.
. Pm
End. The amount of revenue
and tariff law has nothing to do
with the gold depletion of the
treasury or export Of it. He
completely demolishes the Re
publican contention that in
creased revenue will stop the
gold drain. Why, he shows that
in FEBRUARY last when the gold re-
serve was down to $4,000, 900
and third issue of bonds were
made there was over 500, 100000
of other surplus money III the
treasury. For as we all know
tariff duties are payable in
.treasuS notes and silver certid-
cafes, and as a rule are paid with
these; no gold comes in from that
source however large the re.
.ceipts. AS he truly says, it is
gold and no other kinds Of money
that the treasury is in need Of.
Bird. On the single gold stand
ard, as the parity clause put
us, the greenbacks and coin
treasury:notes must go. There
is no avoidance Of that. We can
not be on the single gold stand.
ard with $50o.00O,00O of paper
outstanding, # redeemable on
presentation, and receivable for
revenues without inevitable ma
tional bankruptcy. Under. the
present policy the governm ent
must get all its gold for bonds,
and continue to issue bonds as
long as they can be sold, and
then make an assignment II
doesn' t make one iotil difference
what party is IN power nor how
much revenue comes in, as long
as it can be paid in silver certiiffi.
Gates. greenbacks and coin notes.
e we shall remain on the single
Igold standard all governme nt
pEapef money must sc. 8.
We are thankful to Mr.. Gleve,
land that he has placed this mat:
ter 50 clearly before the country
lHaithlerto most people have beer
fooled BY this Repu blican hide
and seek money scheme 50 cal
led bi-lmet tails ID, but really gold
mono METAL u. But CLEVELAND
play 40 hid 9 and seek game, bu1
lays the thing bare with child.
1likessimp city He ants gold
alone to be and remain our mon
|eyy stand lard He shows US tha1
Wescan hay 4 e 10 other kind ~.
IgoYernme1lt none Dur cur q
I|rency for bus iIness cannot under
IA Il 1. 81 3, ], Sc