Semi-weekly independent. (Plymouth, Marshall County, Ind.) 1895-1897, 1896-02-19
Why PERSIST IN LYING?

VI that 1p the 7 rni a~1 :s S"' 9l i eO on he
ragged edge financially. and that some
thing must be done Immediately or the
credit OF the nation is % Accord
ing to the opinions of prominent MEM
bcrS Of Congress. in both parties, there
is only II way out OF the quaGmirc of
insolvency. More bonds must be issued
to buy gold.
We Lave reached The danger line. The
S1O0.OG0 900 gold reserve solemnly set
apart As Il redemption fund for green
backs * being rapidly exhausted. The
Oft-repcated declaration that the out
standing greenbacks. amounting To
S346.OOo.0o0. are payable i'll gold. and
the 100000 900 reserve fund must be
in gold, is n willful and deliberate
falsehood. told and repeated on pur-
pose To make ii appear that bonds must
be Immediately Issued to buy gold
with which TO redeem government OBJ
legations.
Another S100. 100000 issue Of bonds
has been sold rs IL redemption fund for
ElttllDithS anu tIttSIIN llttNN. anu
they are sold for gold only. The gold
gamblers have only To present say 500
100000 in notes 1T the treasury for re-
demption to bring the reserve down to
the danger line and make another sale
of bonds necessary.
What stupidity. what a want of bust
| ness sense. what trifling. what an 0ut-
rag upon the people, There is 10 law
requiring the reserve 10 be in gold. \.
silver reserve will conform strictly To
the requirements of the law. Nothing
Is wanting to arrest the raScally rail
upon the treasury for gold. AMI stop the
issue Of coin bonds. but for the Scrre-
tary of the Treasury to pay silver when
grcenbackS and treasury notes are pre-
scented for redemption.
Nobody would ask for the com re
demption of the government paper il
the Secretary of the Treasury would
exercise his discretion and project the
people from the cupidiiy and concerted
action of gold syndicatcs and bankers.
Such action on the part Of our govern
mcnt officials would not only stop the
raids upon the treasury. says the Gin
cinnati Enquirer. but would inject into
the circulation the reserve fund. and
| this. with the coinage Of J5,i0J.Vm of
| silver bars lying in tie treasury and he
longing to the government. would in
crease the volume of legal tender
money. infusc new life into the pros
tratcd and dying industries. and would
soon bring gold, silver. @reenbacks
treasury notes an Il parity with each
other.
Both branches of Congress. ly a velY
decided majority. have declared that
all the money obligations of thc gov
eminent can %honorably ana in the Ut
most good faith be paid in silver dol
lars OF the weight and fncncsS pre-
Scribcd by the coinage act Of July. 1870.
Such Il declaration by the law-Making
power of the United States would Ger
tainiy Justify The Secretary of the
Treasury i'm paying obligations in either
SILVER or gold. rs would be most con
vcnipnt. This constituencies about ;hc
national honor is manifested only wien
creditors are required to conform to
the letter ana spirit of the law. The
rights of debtors may be lisTcgardcd
without any sacrifice OF good faith. I'm
the Judgment OF ShylockS.
The public are agreed that the Only
necessity for the issue of bonds is Ia
make the gold reserve good. DO away
with that necessity. If the government
needs money beyond its receipts iSSuc
cXchcqUcr bills ut Il low ate of interest
and on short time, and the people will
take them gladly. Let IL rid the gov
eminent of SyndicateS and thieves.