Evening star. [volume] (Washington, D.C.) 1854-1972, 1896-07-21
TIE Gold Reserve.

The Intelligence from New York, that
leading bankers there are consulting as to
the best means of prot aCIing the Treasury
against raids the gold reserve, is pre-
oiscly In line with The Stars very recent
suggestion that subjac-. It is clearly
within the power of those men to perform
such service. and as clearly their duty to
dc 50 al this time.
1t Is only necessary TO state the to
Show how very strong it is. national
campaign is opening. with the money ques-
ton the leadins; question. On the side
are those who favor keeping all forms of
money exChanCeable for gold until by in
ternational agreement silver redeeming
money can again be employed. Supporting
this policy are bankers and business men
almost without exception. The fight. as
they accept it. is dtstin ctly in the interests
of business as now established. If the ex-
listing policy is oyerthrown. the harm done
as they believe and assert will be meal
cuiable- Business-all forms of twill suf-
Ter. and. necessarily. the wage earners will
suffer Whatever Is calculated. therefore.
to strengthen that side of the question
while the conflict before the people is ON
shoull receive the support of the business
men.
ON the other side are those who favor
silver as re,ieen;iug money without regard
TO the policy of other nations They care
nothing about the Treasury's gold reserve.
If anything. they rather ENJOY seeing it
rat,led. AT this time particularly they See
benefit to their cause in depleted gold
supply. As they reason. ii the gold runs
down again more bonds will be necessary.
AMI more bonds during the campaign will
Increase the size of the silver vote in No
of bonds while the fight Is in progress as a
most fortunate Circumst ance for their side
Another sale of bonds sho'llI be avoided
The campaign should not be Influenced one
Way or another by men having selfish ends
In View. The interests Of the whole Coun-
try ara at stake. and only the interests of
the whole country sho.tII be considered in
whatever Is done. The Issue is joined. The
people, who are the source Of power, will
decide. II sound money il 10 VIM there
viii be little trouble after Nov ..nbrr in
keeping up the gold reserve. The sanction
OF that policy by the people 1T the polls
Will OF itself protect the TrcIstry's reserve.
Ii free silver is to win .ENre Will need b.
TO occasion for any action 9rt-r the elsc-
lions That of itself will mean the ami
hiatiCn Of the GOLD reserve. and the Treas
U-y gold viii. of course. follow the nar-sral
How OF gold out of the country.
is 20 the ability of the great Tnoneyed In
tcrests TO perform this service for the
Treasury there would apprar to be no
doubt The geld holdings OF the banks are
large They are pretty well distributed,
too. over III" country, AMI wherever they
ar they oush, to he available for the pub
lie welfare. The Inatt@E is not political in
airy sense. Business mrn. without regard
IN iSIo on if,-1=
are getting together everywhere in support
of policy which they consider OF vital i'm
portance 10 the whole country. Presum-
ably. they ready to ;lKc. the best steps
possibly toward securing good results New
York sets a good example. and 1t is to be
hoped that il Will be very generally and
tt MEDICALLY followed.