Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-08-27
Who Are the Regulators?

WV TIC VIC nCpuuldhOTS! }
There is no charge more frequently
made in the goldbug press than that
silver men are regulators, and anxious
to bring the country into financial dis
credit. There is no charge more false
as shown by the records of congress.
There is not national bond outstand-
ing, not a grecnbacll unredeemed, that
is not payable in either silver or gold
at the option of the government. The
act of 1869 made the national debt pay
able in coin, and the coin of the United
States at that time included both silver
and gold coin. Then came the demon
etization act of 1873, followed by the
Bland-Allison act of 1878, under which
silver coinage was resumed, and finally
the Mathews resolution of 1878, specif-
cally declaring all government obliga-
tiOns payable in silver as well as gold.
This then is the law under which all
government obligations have been is
sued. 1t constitutes the contract with
the bond holders. Silver men insist on
the fulfillment Of the contract; gold
men ask that the contract be set aside
and the government obligations be
made payable in one metal only.
The charge, therefore, that silver
men desire anything but literal com
pliance with the contract existing be-
tween the government and the credit
ors is as false as anything can be. The
real regulators are those who set aside
the contract in the interest of those
who would make gold the sole money
of the world, and reduce the people to
condition of hopeless financial servi-
tude.
Hill of New York, says PETERS reso-
luton to investigate the recent bond
deals, is "a pOpulist measure" Mr..
Hill never uttered n greater truth. lie
further alleges that 1T has its inspira-
ton in the populistic opposition to all
bonds" Keep up such talk as that.
We want the whole world to know it,
and especially every voter in the Unit
ed States. Missouri World.
The growth of the silver sentiment
has been so rapid and so widespread as
to suggest something like tidal wave.
This country has never witnessed in
time of peace such tremendous change
in sentiment upon public question.
A Michigan republican recently ex-
claimed in conventions: II hear the
swash of human sea beating against
our foundations lie was right, and
the smashing is louder than it was a
month ago. But it is TO late for the
republican party to save itself. Its OPP
portunity is gone. Fix.
The Chicago Chronicle is selling Mex
lean silver dollars for So cents at its
counting room and telling everybody
that with free coinage the American
silver dollar would be worth no more.
The Philadelphia Inquirer, on the other
hand, is running pretended adver.
tisement, three columns wide, of a
company to be formed for the purpose
of buying the silver of the world and
having it turned into American dollars
under free coinage The Inquirer
promises that by expanding $4,000
900 for silver in India and Japan the
company can easily make u profit of
S2s, 800, 900 The News would advise
these distinguished prevaricators to get
together on a common line of argu-
ment Otherwise the discriminating
Fastener will justly arrive at the con-
olnsion that neither OF them is telling
the truth. Rocky Mountain News.
The people wonder why financial
panics occur so frequently. can tell
them why. 1t is to the interest of the !
bankers and brokers that they should |
occur. 1t is one of the specious meth
DDS by which these despotic and utter
ly useless linaves rob the producing, |
manufacturing and mercantile classes
of their honest earnings. 1t is one of |
the chief plans by which this infamous
ring is riveting the chains Of slavery |
upon the limbs of labor. 1t is one of
the chief means adopted to build up a !
money ariStocracy that shall live in |
idle luxury and ape the pretentious
airs of nobility Daniel Webster.