The midland journal. (Rising Sun, Md.) 1885-1947, 1896-10-30

silver. Had there not been dollar of
the money provided for the use of the
people during the war, destroyed, and
silver not Gemonetized, the great debt of
nearly two thousand millions loaded on
the country would have been avoided and
the money which was destroyed TO create
that debt would have remained in circu-
lation to uphold prices after the war and
continue prosperity.
There was but about eight hundred
millions of national debt at the close of
the war and need not and should not
have had another cent added to it. Ten
millions of people in the southern States
were entirely destitute of money. By the
time the government money had spread
through the southern States to stimulate
wealth production, stringency in the
circulation would have been felt, and ris-
ing prices would have been checked. The
demand for money would have lowered
rapidly the margin Of discount between
the greenback and coin and the two
would have rapidly approached each
other. And had the greenback been made
full legal tender after the war was over
in payment of dues OH imports, the de-
uland for gold would have been cut off
and its price have rapidly declined. The
vast production of wealth would soon
have brought gold from foreign countries
to exchange for it or have appreciated the
greenback to par in every commercial
nation of Europe.
Our mines commenced to pour out sill
yer about the time it was denlonetized
which would have assisted to lower the
purchasing power of gold and hold up
that of greenbacks.
Had our statesmen been honest and
patriotic whom the people entrusted with
power, the United States standing ON the
very verge of the most prosperous era
that ever offered to any nation, would
have speedily taken its position at the
head of the nations of the world Tie
billions OH billions which have been lost
by the industrial part Of our people would
have been saved. The half or more of it
has been wasted and what could be gath
cred from the wreckage by the "anar-
chists of wealth" has gone to swell the
fortunes of the Shylocks, but they have
not been able to secure anything like the
amount which has been absolutely lost by
the wrecking of business.
The great battle which the people are
now waging against the Shylocks, is to
reverse the present conditions and return
to those which were enjoyed before the
destruction of fabulous sums of govern
ment money and the demonstration of
silver. The latter is the first step, to be
followed by complete control of the
nation S money by the government, which
includes the total humiliation Of national
banks by providing government banks
for the use of the people and distribution
of their money. When silver is remone
tiled the back of the gold trust will be
broken, and with the establishment of
government banks the present national
banks will sink and disappear in their
own rottenness. They will return their
currency, lift their bonds and wind up
business. The premium on bonds will
drop till they reach par, the revenues of
the government will increase with re-
turning prosperity to the people, the sur
plus can be expended in purchasing and
cancelling the government debt, and soon
the nation and people will be freed from
the hands of Shylocks. The election of
Bryan means the beginning of this new
era, when the nation will change its
means and signs of distress to hymns of
joy and gladness.