The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1896-10-14
While Silver Alone Is Now Being
Paid Out to Those Who
Are Poor.
PRIESTS EXPERIENCE.
He Discovers Some of the Unheralded
Beauties Of the Gold Stand
ard Idea.
Rev. Father Kelley, of Chicago, Who De-
posted $500 in Gold with the Illinois
Trust and Savings Bank, Cannot
Get the Gold Again and Is
Paid In Silver.

RAt0 In SILVER.
Chicago, Oct. 6.-ISpecial. There
was an exciting scene n day last
week in the great counting room Of
the Illinois Trust n Savings bank.
Powerful pressure induced the Chicago
papers. with a single exception, to sup
press the story. The Chicago press Is
absolutely under the domination Of the
banks and not a line damaging to the
success Of the English gold standard
IS given publication. Here is the story:
The Rev. Father Edward Kelley is
one of the best known clergymen in
Chicago. He vas until last week an
ardent gold standard advocate and a
supporter Of Mckinley. Several months
ago an aged widow, one of his parish
toner's, became alarmed over the safe
~ of a sum of gold which was stored
in her house. The amount was $500, and
she intrusted it to Father Kelley and
asked him to deposit it in some bank.
He placed it on deposit in the Illinois
Trust and Savings bank. Recently the
widow became alarmed by the state
ment of the Chicago press that If Bry-
an should win bank deposits would be
paid in SO cent dollars. and asked her
pastor to withdraw the gold from the
bank and place it in a safety deposit
vault
The following day Father Kelley
went to the ban and after explaining
the circumstances presented the orig
inal deposit slip for the $500. The cash.
ley was astounded.
Il deposited this in gold, and l de-
mand gold in return" said the indig-
nant churchman.
The cashier smiled blandly and said
it was against the rule of the bank to
pay out gold. He handed out $3.50 in
silver certificates and $40 in currency.
He positively refused to give bank
notes or any money directly redeema-
BILE in gold.
Father Kelley. holding the money in
his hand. went to the private office OF
John j. Mitchell, president Of the bank,
and being we'll known. was admitted.
He explained what had occurred, sup
posing, OF course, that the wrong
would be rectiied.
w are not paying out gold, and l
can make no exception to the rule"
said President Mitchell, firmly.
DO you near to tell me that this
woman cannot ave back the gold she
entrusted in your keeping?" demanded
Father Kelley.
The money you have in your hand
is all right" was the evasive reply OF
the now uneasy millionaire.
That il not what you and people OF
your class are telling the country
said Father Kelley, his voice trembling
with indignation. You say that these
silver certificates represent coin which
has an intrinsic value of but SO cents
to the dollar as compared with gold
and that II Bryan is elected it will take
two silver dollars to equal the purchas.
ing power of one gold dollar. You havt
this woman's gold. You pay her bach
what you publicly proclaim to be SO.
cent dollars. There can be but tive
possible constructions placed upor
your conduct. You are either a liar o.
"a thief"
Pale with excitement and anger Fa
ther Kelley turned his back on tn,
bank president and went away will
his silver certificates. He went to 9th
er banks but was unable to secure tn,
$500 in gold. Locked in the vaults O
the Illinois Trust and Savings ban
was not less than ST. 0 600 of the vel
low gold. 1t Is being boarded to bu,
bonds with If Mckinley Is elected.
is too valuable and scarce for widow
and ordinary people.
President Mitchell is quoted by tn
financial editor of one of the Chicag
rapers as saying that the cashier sup
posed Father Kelley wanted the gol,
for purposes of boarding, and that the,
did not pay out gold to such persons.
What do you think OF that, you gol
standard worshippers? II you wan
hoard anything. hoard silver. Tn
banks will hoard gold. They will kee
on forcing down the price of silver an
enhancing the price of golc. until go
goes to a premium. They will then blu
bonds with their gold and you WI
pay the interest on the same-you an
your children and grandchildren.
Do you think you can get gold at
bank? Try it. You cannot get a gol
dollar unless as a personal favor. An
yet Mr.. Mckinley tells you that toda
one American dollar is as good as ar
other American dollar, and that il /
is elected president it always will b
If Mr.. Mckinley Is elected preside,
gold will go to a premium the ne,
day. The banks and trusts and synd
Gates have boarded it in greedy anti
ipation Of such In event.
The Heidelbachs. the Ic.leheimer
the Lizards, the Pierpont Morgans, Il
Kuhns, the Loebs, and all the 9th
gold brokers OF Wall street. have r
Gently added s25. O00.0 900 to the gold r
serve OF the national treasury. al
they are now waving the Americ,
flag to SOW how patriotic they are