People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-06-25
the following banks Of Europe since

Bank OF France
1850 ................................Sll3 600 OOO
og3......................... O,O OOO
German Reichbank-
1851. ~ wv w
1893. Observation-Disclosures. SID COO OD
Imperial Russian Bank ..
loS0. SID U0O wv
so-J VUU wv
Total
lSSO........................... 43 0C0 600
lS93....................... w WO UO
Since writing this l see it going the
rounds Of the press that the Imperial
bank Of Russia has increased her
boarding Of gold to S6OO,OOO,OOO. At
any rate we see that these four banks
have double the amount of our entire
gold coinage.
The election of Mckinley on this
gold standard plank will be worth
millions to these banks, but will be
destructive TO the people who must
pay their debts with commodities,
which, when measured by gold, will
sell for from 30 to 80 per cent. less
than under the bimetallic policy, but
gold will not leave US. 1t didn't leave
US when we were On paper basis
from 1860 to 1879. By relieving gold
Of its too great a burden it now bears
and place some of its weight upon sill
yer, the two metals will work in dou'
BILE harness and together.
1t is generally admitted that any
legislative or governmental action
which makes it more onerOus for d
debtor to discharge an obligation,
which obligation antedates the legis'
latiOn or action, is a wrong to the
debtor. This government, prior tC
1873, issued millions of dollars worth
of bonds and treasury notes, all OF
which were payable in coin, silver il
you please. These bonds and notes
are the obligations Of the people and
they must be taxed to pay them, anG
when the secretary Of the treasury
ceased paying these obligations in
silver he Derpetrated great wrong
upon the people. And when one
knows that this has been, and i;
being, done without any sanction o
law and against the express wishes o.
the people, it is difficult to character
ize it and use deCorOuS language.
Three times since 1876 the house 0.
representatives in congress, and fouI
times the senate of the United States
have passed free coinage bills, an(
yet the advocates of free coinage ar,
called crankS.
The opinions of Plumb aud Ingall
must be subOrdinated to those twt
fossils VINO are now playing governO
and superintendent Of insurance, ant
VITO are making attacks upon tn
fraternal insurance companies in tn
interest of the gold standard com
panies Of the east.
That the bonds which the resumr
ton act authorized to be sold wer
payable in silver, and that this wa
well understood by the Republican
appears from the passage Of the Mai
thews resolution in Jan. 78 which la
been often published. but whic
should be kept before the people an
which is as follows, That all OF th
bonds of OF the United States ISSUED
or authorized to be issued, under tn
act Of congress heretofore cited, al
payable principal and interest, at til
option Of the government of tn
United States, ia silver dollar
Of the coinage Of the Unite
States containing 4l2i grair
each Of standard silver and that
restore it to its coinage, such silvC
coin as a legal tender In payment {
said bonds, principal and interest,
not in violation Of the public fat
nor 10 eerogation Of the rights of I'll
public creditor.
The only obligation of this govern
ment watch is payable in gold, is IL
gold certificate, bot in the face {
this fact and contrary to the examp
Of any other government on the fac
Of the earth our government is pa,
ing everything in gold, when d.
manded, thereby setting the iniQu
; tous example of allowing theereditol
instea d of the debtors the option {
choosing the kind Of money to
lpaid. But there is still somethin
more reprehensible to be noticed
Under the act of 1890 the treasur
notes issued to pay for silver bullio
purchased, it was specifically proyit
ed that, AFTER July lst. 1890 tn
secretary Of the treasury shall coin Q
the silver bullion purchased unde
the provisions Of this act as much a
may be necessary to provide for th
redemption Of the treasury note
herein provided for"
This part Of the act was not repea
ed in 1898 but was left in full fore,
But Notwithstanding this specia
provision OF the redemption of thes