The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1896-09-26

VII never b able to pay IL bonded debt,
and with the gold Of the world in their
control they can lock it up or send it to :
foreign country and fdrcs tho government
10 increase III debt It their win. The
same Il true Of al private debts. This
scheme Of the money power, If successful,
will change oil dabts to gold payments.
The aggregate indebtedness Of the Amer
lean people i reported to be forty billion
dollars, bnt for the purpose Of this illus
tration cut It down to twenty billion, and
supposing It to draw only three per cent
interest per annum, We than find that
with gold production Of fifty million
ut is only forty six miilion) We produce
only one dollar in gold for every twelve
million We are obliged to pay. This
scheme IL conspiracy to force labor into
the preposterous position Of agreeing T.
pay shylock what it has not and can
never get.
Already the American people are driven
to the dlreful position Of paying interef'
to foreign money changers aggregatiDg
annually more than twice = much - oul
entire gold production.
The creditor classel know that The
debtor classes cannot perform an impos.
sibility and they hope through single
gold standard to con6scate tho homes Of
the people and enslave labor for the pay.
ment of the fixed incomes of the idle rich
Again, the advocates Of siagle gold
standard know that there il not now, and
never will be, enough gold in the world
to meet ten per cent of the demand fol
money, and therefore they propose to de
stroy all government money except gold
and then authorize the banks to issue the
currency of the country, which will In.
crease the debts of the people another
billion dollars and afford an opportunity
to the banks to compound their incomes
from the necessities of the people and
enslave labor to an oligarchy Of speculst-
ing wealth.
II any laboring man doubts that the
real designs and purposes OF the gold
power are to destroy every form Of gov
eminent money except gold, and force .
transfer of the monetary prerogatives of
the government to the banks, let him read
House Bill No. III, now on the calendar
Of the Lower House of Congress, and then
read q statement from the COMMITTEES on
Banking aud Currency of the LowerHouse
Of Congress published in the American
Banker of New York City, January 9Th
of this year. They will convince the most
prejudiced advocate of gold among the
laboring people that his only interest In
q single gold standard is to defeat it at
the coming election.
The money power, in its desperation to
conquer the people, is now closely can
wasting the employees of great corporations
and an implied threat of discharge is i'm
posed on employees If they dare support
the free coinage Of silver. They pay en-
ployes in silver aud then taunt them with
the ridiculous cry Of fifty cent dollars;
but they never pay of in gold, for they
know that there il not enough gold in the
country to pay OF the laborisg people for
= single mont1 were all working
at dollar day. It would require the
entire gold production Of this country for
. space of more than ten years to pay of
our twenty million working people for q
single month if they were al working al
the present low rate Of wages. But the
money power is just now weeping and
wailing over the ridiculous statement that
the wages of the poor will be cut in two
if we have free coinage Of silver in this
country. Yet from the credit-strength-
enine act to the repeal of the purchaslnR
clause Of the Sherman Law, every state
ment to labor by this combine has proven
to be lie, and every promise they have
made has proven false. In fact they have
not redeemed single pledge they have
made to labor since the day that Christ
scourged them from the temple, and every
one who knows their history knows that
if free coinage Of silver would reduce
wages they would be among the first to
advocate it.
Nearly every campaign document they
issue, nearly every speech they make and
nearly every editorial they write contain'
. threat against the people. They threaten
to withdraw credits, foreclose mortgages,
condscate coilaterals, bankrupt industries
and pauperize labor if free coinage Of sil
yer Is adopted in this country. They In
wade the sacred rights of citizenship BY
threatening to discharge tens Of thousand,
of working people for their political opin.
ions. On the 22d day Of last May the
authorized mouthpiece Of Wall Street.
Henry Clews, in his weekly letter, pro-
claimed the disposition Of Wall Street to
destroy the last vestise Of free government
in America. He openly beastsd that II
the people elected 4 tvo-thirds majority
Of Congress in favor Of free silver Wall
Street will evoke conditions and events