The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1896-01-10
HOPING AGAINST HOPE


HOPING AGAINST HOPE
Distressing Plight of Lincoln Republieana
Who Expected Relief from the Grand Old .
Party.
The republican party has at last
shown its hand and declared its fnan-
cial policy. The following are the
bills offered for the relief of a suffer
ing people by the leaders of that party:
A bill to maintain and protect the coin re-
demption fund and to authorize the issue OF
certificates OF Indebtedness TO meet temporary
deficiencies Of revenue
Be it ea-cted e,c That in addition to the
authority given - the secretary Of the treasury
by the act approved January II, 1873, emitted,
AN act to provide for the resumption Of specie
payments" he Is authorized from time TO time.
at his discretion, to issue. sell and dispose Of.
at not less than par, in coin. coupon or regis
tered bonds Of the United States. to an amount
sufficient for the object stated in this section
bearing not to exceed three per cent interest
per annum- payable semi-annually, and re-
deemahle at the pleasure OF the United states
in coin. after fve years from their date. with
like qualities, privileges and exemptions pro-
vided in said act for the bonds therein auther-
lied An the secretary of the treasury shall
use the proceeds thereof for the redemption OF
United States legal tender notes. and for no
other purpose. Whenever the secretary Of the
tzed for sale by this act. or by the resumption
act Of 1875. he shall advertise the same and au-
thorize subscriptions therefor to be mace at
the treasury department and at the sub-treaS-
uries and designated repositories of the United
States.
deficiency now existing, or which may herein
after occur, the secretary OF the treasury is
hereby authorized at his discretion. to issue
certificates of Indebtedness of the United
States to an amount not exceeding s'00o.oOo.
payable in three years after date to the bearer
in lawful money of the United States. OF the
denominations of 800. multfples thereof.
with annual coupons for interest at the rate Of
three per cent per annum, and to sell and dis
pose Of the same for not less than an equal
amount OF lawful money Of the United States
at the treasury department and at the sub
treasures and designated repositories Of the
United States, and at such post Offices he
may select. And such certificates shall have
like qualities, privileges and exemptions pro-
vided IN said resumption act for bonds therein
authorized. And the proceeds shall be used
for the purpose prescribed in this section. and
for no other.
1t is peculiar to note that the repub-
lican leaders seem to pride themselves
upon the fact that they are simply en-
deavoring to do President Cleveland's
bidding and are particular to have it
published that Chairman Dingley stat
ed to the committee that the bills were
not framed as a republican measure,
but as one calculated to save the credit
of the government, which, according
to the presidents message and per-
sonal communications made by Secre-
tary Carlisle to members, was endau-
gered- The condition of the treasury,
from their representations, demanded
immediate action, and the repu blicans
had prepared emergency bills on lines
which seemed most expedient.
OF verify. the twin frauds are in
deed the willing and servile tools of
the money power.
Compare this policy of the republican
house with that of the peoples party,
as set forth in resolution offered by
Senator Allen, of Nebraska, and adopt
ed by the senate without division. The
resolution, as agreed to, is as follows:
That the committee on finance be. and they
are hereby directed and instructed to inquire
and report by bill or otherwise, whether it
would not be expedient and proper for the gov
eminent Of the United States Of America, at this
time to open it's minis to the free and unlimit-
ed coinage OF gold and silver at the ratio Of ID
to l, and in addition to issue adequate vol
ume of full legal tender treasury notes in the
same ~kuauuet as SuCQ uOIeS nave uefetOIOre
been Issued and, in the interest OF national
safety. withdraw the issue power CT national
banks and retire all bank currency.
A previous vote on a motion to lay
on the table revealed a majority of IL
for the resolution, or SO for to "a
against. And this majority vote is
recognized as populist by the old line
repu blican leaders Says the Noncon-
formist:
''Populists generally will be sur
prised to hear that they have a major
ity in the United States senate, but we
are able to assure them that they have
on very high authority, none other
than the Indianapolis Journal, one Of
/ the leading republican organs of the
country. In the Journal of Decem Der
% we find the following, which is the
opening sentence of leading editorials:
The president and the populist ma
jority in the senate are the two obsta-
Giles in the way of such financial legis-
lation as will enable the government
and the country to escape peril
That's pretty good, but here's some
thing better little further along in
the same article:
1.-The populists, at least, should be
proud of their triumph. But six. all
counted, they have been able to rally
SO senators to measure proposed by
their leader, Mr.. Allen, which directs
the finance committee to do-what?
To report by bill or otherwise on the
expediency of opening the minis of the
United States for the free and un.
limited coinage of gold and silver in
the ratio of 16 to 1, and, observe. Ito
issue an adequate volume of legal ten
der notes in the same manner as such
notes have heretofore been issued and
so on. And who voted for this resolu-
ton of the populist leader? Six popu-
lists, 20 democrats, all from the south