Middlebury register. (Middlebury, Vt.) 1886-1937, 1896-07-31

not yet deserted it, but kindly guides
and securely leads his chosen people.
The recent combination OF bankers at
New York to increase the gold reserve
held by the government and to stop its
depletion is an object lesson at this time
to the whole country.
Under the management of John Sher-
man ct al. our national finances have
been so run that any one desiring gold
could get it on demand of our govern
ment in exchange for greenbaeks or
treasury notes. As the readers of the
REGISTER understand well, no law com
PEELED this. 1t was optional with our
secretary of the treasury to pay out for,
that is to redeem greenbacks or
treasury notes in either silver or gold coin.
All the time there has been plethora
of silver on hand, so that there has been
no necessity OF borrowing dollar for
redemption purposes; and still the gov
ernment, as administered, has already
1000 in carrying out the criminal
conspiracy of the money power, who
now for more than 30 years has been
managing our finances.
Recently new run upon the gold re-
serve was started, very probably, with the
intent of getting the government to issue
of ha ua
fell below 100000, 900 and was being de-
pleted by several millions more or less
each day, when the New York gold
papers sounded the alarm that another
issue of bonds at this time would drive
hundreds of thousands of votes to the
reform ticket. The result was consul
tation of bankers, who, to prevent this
stampede of voters, have undertaken to
supply the government with gold until
after election. OF course when the
election is oyer the interest of these
bankers will be again to have the gov
ernment issue more bonds, as there can
be no better Investment for their surplus
funds.
But their fear brings out in all
Its enormity the plundering of the
nation in the previous issue of bonds
by the thieves who control the nations
finances, and drives home to the people
the question whether they will permit
this same gang, known as the money
power, to continue in power after another
election.
In the meantime it is stated that the
banks, having undertaken to supply the
government with gold, do not relish the
efforts made by certain jew firms and
possibly others to drain the gold reserve.
which they do and have done for the
very small profit of one.eighth of one
per cent. The bankers have therefore
is continued. All this illustrates that
where there's will there's IA way, and
that the previous drainage of the treas
ury to furnish gold, without premium,
for Russia or Austria or any other par
ties was from any standpoint wholly un-
necessary. a little honesty by our
government, under the name of good
sense, would have prevented any drain
of gold. If any one goes to a banker
in Switzerland and calls for gold, he
may get little, but will be largely
paid in silver. Switzerland, we believe,
is on silver basis. If one goes to
French banker and demands gold in ex-
change, he will be served as hc would
be by the bank of France, given some
gold if they care to spare 1t and be paid
the rest in paper or silver. France is on
a gold basis, but does not undertake to
furnish the world with gold. In
all this matter she uses common
sense and pays out what she can afford
to. As result her finances are sound.
She is not driven to borrow to supply
other nations with gold. This latter
policy has remained for America alone.
A gentleman of high character, the
Rey. DR.. Booth of New York. at one time
called to the presidency Of Middlebury