The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1896-01-24
HOW WILL THEY GET eoLDa
II the Government Cannot Supply Gold for
Export How VIII the Banks Succeed In
DOinR

II the Government Cannot Supply Gold for
Export How VIII the Banks succeed In
Doing 1t?
|, Without doubt the money power Is
determined that the greenbacks shall
be retired, and that the national bank
notes shall take their place in furnish
ing paper currency for the uses of
business in this country.
| Outside of the fundamental rule or
order of our republican form of gov
eminent, that no special privileges or
| powers shall be granted or recognized
to any particular class of our people,
which, as matter of fact, is enjoyed
by the corporations under our present
national banking system, the question
presents itself to the people whom it
| will affect, in what particular will we
be benefited by the change? The OBJ
lection of Wall street--and that rep
resents the entire money power of the
United States-to the greenback is,
that it affords the means or excuse for
reducing the gold reserve, and of dis
turbing the sensitive financial system
with which we are blessed.
Now if everything, every character
of money and business has to be re-
duced to gold basis. every promise
to pay, note of bank or individual,
must necessarily be redeemed in gold,
from my standpoint the national bank
note won't be any improvement what
ever on the green back, because it will
have to be redeemed in gold, and it
will be as easy for the holders of such
notes to collect the gold on them as it
is to collect gold on the presentation
of the enbacks, and the party that
wants to ship gold to "Trip" would
have no more hesitancy in calling on
the banker for the redeeming of his
promise than he would in calling on
the treasury.
But, hold on, quoth these assumed
haters of the currency that effectively
assisted in saving the union, by the
proposed change we will stop the run
being made on the government credit
and treasury. Well, suppose it does;
how much better would that be than
to make a run on the banks? Up
to date, to all appearances, the
| credit of the government is good, and
it can borrow on its promise to pay and
can stave off a panic, but let the run
| comes and the whole business world
| suffers, as was proved in the last panic.
That, or the banks must go to Uncle
| Sam for help, and that wouldn't do,
| because you know ''the government
| must git out of the banking bust
| ness" and as a matter of course the
| inference to be drawn is, that it must
stay ont of the banking business
Then in what particular, please, are
we to be benefited by the change?
This increase in the national debt is
getting to be decidedly "monotonous,"
| and business methods in our own every
| day transactions demonstrate that the
way to do business is to pay your del BITS.
and to pay debts, increase the means
or revenues, and rather than squander
time in making a change of currency
from green backs to the bankers prom
ises to pay. collect more revenue from
the luXuries that the rich can well
ford to pay, and, if it is treason to
suggest the means, re-enact the Morrill,
tariff or some other revenue system,
and give US larger volume of money,
opening the way and making it posi-
BILE for the great body of American
farmers to add to the revenues of the
government by increased purchases Of
things that they need.
Reducing the volume of money by
''blotting out" the greenback and Civ
ing the natioaal bankers power to con-
troll the money volume, won't bring
restored business prosperity and con-
fdence" any more than did the repeal
of the Sherman law. It's more money
that we, government and people, need,
not less. e HODGES