The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1895-08-16
GOLD IN AGAIN GOING.

Gold is going again, ana by the
millions. Cleveland's picture has
been hung up in the Bank of England,
and the privilege of being England's
financial servant must be paid for.
All of our millions of silver dollars
piled up in the treasury lie untouched.
Does anyone suppose that the French
minister of Finance would propose 10
sell gold bonds with SO,OOO,OOO of legal
tender silver lying in his vaults. Al
most one-half of the French reserve
is in silver. France has genuine BIZ
metallism.
But in spite of everything our gold
is going. Nothing that America has
for sale can bring it back save the
sale of interest bearing gold bonds,
handled by a syndicate at an enormous
margin. So the gold reserve within
few days has shrunk between four and
five millions of dollars, in spite of the
deposit made by Cleveland's syndl-
cate-partners amounting to about ST.
100000 If that syndicate which was
~ tllt VI tSh
of dollars Or more, should become
panicky and withdraw its support
from the treasury and leave the United
States of America on 4 Single gold
standard basis TO fight it out alone
the treasury would he stripped clean
of its last dollor Of yellow metal be
fore Christmas.
Meanwhile the purchasing power OF
gold increases. A dollar OF British
gold buys more and more, more Oh
land, more of wheat, more of cotton,
more Of meat, while mortgages and
interest become harder and harder 10
pay. The farmer who has to pay Of
his mortgage on his farm with money
received for the products of his farm
and labor will not have to be told that
the single standard is a Single-cinch
reducing him to the last extremity.
This is the dawn, the hour Of the mil
lenium prayed for by the goldbug cred
itor, by the bond trust syndicate and
by the rulers whom they bought with 4
price. They are the fellows who know
that a decline in the purchasing power
Of money means prosperity for the
masses, that its appreciation means
power for them and poverty for the
producer.
1t has come to that pass that the gold
bug organs intimate that if the Nor
gan Belmont Rothschild syndicate
should pull out and leave the United
States to their fate that this country
would 60 into bankruptcy and all its
people and interests be left in utter
ruin. One hears of little else from
Cleveland, his cabinet and newspapers
but Of the noble work of the syndicate.
This gold trust and Shylock combine
which pulls the leg Of Cleveland and
bleeds the country by turns.
Where are we ''at:" There is no.
where on the statutes a single line
authorizing the coinage of another sill
yer dollar and the administration left
free to sell bonds at whatever price or
sacrifice, whose head and chief openly
supports monometallism. His friends
are in the saddle and all they are asked
to do is help themselves and divide.
And so a combine of capitalists be-
come mightier than the government
and all its people.
To maintain the gold standard the
treasurer of the United States must
continually be 4 purchaser of gold
and this he can only do by issuing in
terest bearing bonds. There is no
other way by which he can be pre-
pared to redeem the national obliga-
tons in gold which, by the contract
and the law, are payable in gold or
silver at his option. Is it best to coin
money of REDEMPTION, or purchase it,
when the choice is ours? The coinage
Of silver creates no debt-brings no
taxation. Where is the man who can
not see the iniquity of the single gold
standard?