Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1896-03-17

soon exhausted, and then under
this redemption policy it de-
volvef on this nation to keep up
the supply in only one way, to
witt. To issue interest bearing
bonds to procure it.
When the gold spectators
saw that the United States gov
erment was willing to bond itself
to any amount to accommodate
them, the game took another dir
ection. 1t became a scramble
for bonds. The gold in the
meantime had left the country,
and as those greedy for bonds
did not have the gold to give for
bonds, they devised the plan of
specializing, not on their own
gold but on the very gold in the
national treasury. It is done in
this way. The bonds that are Of
fered by the Secretary of the
Treasury are made payable in
installments 20 per cent is to be
paid down when the bond is TAX
en-. After that 10 per cent every
fifteen days till the full amount is
paid. Under this policy those
DESTROYS of having bonds, get
20 per cent of the contemplated
bond issue in greenbacks, and go
to the treasury and redeem in
gold. This reduces the reserve
and gives the administration an
excuse for a bond issue. With
this gold they make the first
payment on the bonds. In the
meantime they are picking up all
the greenbacks and Sherman
notes they can get hold of. For
the other payments they simply
go to the treasury department
and have the greenbacks ex-
changed for gold. 1t is said
that most of the gold never leav-
es the treasury vaults. They
simply go and exchange ordi-
nary greenback and treasury
notes for interest bearing bonds.
In fact, this pretended selling
bonds for gold is simply cover
for giving bonds away to certain
favorites of the administration.
Now this is not popalist balder.
dash. The Minneapolis Tribune
Feb. ID, 1896, says: Every sue
cessful bidder for bonds is at
liberty to procure his supply of
the yellow metal to pay from
any source available. By &C
cum ulating greenbacks he may
take them to the treasury and ex-
change them for gold, and with
gold thus drawn pay for his
bonds, The result is that the
treasury does not gain a dollar
for it's gold reserve "
So far the government has is.
sued $4,000, 1000 of bonds bear
ing interest at 4 per cent and
running for 80 years. The inter-
est alone ordinarily compounded
will amount to upwards of a
thousand million dollars in 30
years. Thus by means of this
gold redemption bond scheme,
unwarranted and unjustifable
on any principle of reason or JUS
tice, without any value received
by the nation, tax is settled on
to us and our children for the
next 80 years to the amount of
one third of the cost of waging
the late. war!
Well, what do you think of it
fellow citizens? BY and by every
you eat and wear and use
will be taxed to pay this. To
pay a national debt that was con,
tracted without value received
by the government: And who is
responsible for this? Not the
present administration alone.
Oh, no! The Republican con-
gress is equally to blame. Con-
gress can stop this. and ought to
have stopped it long ago, if in no
other way, then by inlpeaching
the President, Secretary of the
Treasury, and every officer of
the government within reach of
the law. Every populist stands
ready to help them to that at any
time, In fact, every populist
in congress is aching to do that.
But the majority rules in this
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