Alma record. (Alma, Mich.) 1878-1928, 1896-01-03
POINTER FOR JOHN G.
MEXICAN EDITOR RIDiCULES
OUR SECRETARY.
A schooIboy Can See that Silver Money
OF Redemption Would Settle the Re-
serve Difficulty In This Land Of
Plenty.

ficSty.
The people of the United States are
on gold basis; in other words they are
holding up something like $l,O0O,OOO,-
900 OF currency on $92 900 900 of Treas
ury gold reserve, a magnificent accom-
plishment which reminds one OF
Japanese iuggler sustaining a series OF
ladders by his teeth while lying fiat on
the ground. 1t is magnificent but II is
not finance Mr.. Carlisle, who knows
SO little Of finance as TO imagine, be-
cause the Treasury issues notes, that 1t
is in the banking business. is filled with
awe a. he contemplates the currency
system OF his country. We do not won
der, for ii inspires the same sentiment
in the minds of ordinary men. And,
beng Oh gold basis, the United States
must have a prosperous government?
That does not apparently follow. The
Government. in point Of fact, is IN
straits. for the revenue does not keep
pace with the outgo Not since !
January have the Treasury receipts
reached the average monthly requisite
OF thirty million dollars, the amount
which must come in, if all the bills or
the nation are to be met. In August
the receipts ran up to $29, 2S6, 900, but
the average has been below S27 900 900
for other months 1t looks like an
other bond issue, and il that is made,
the Treasury will be easier loan is
only a palliative however; what is
needed is permanently to increase the
revenue. The throwing off of the sugar
duties was the beginning OF the fool
ishness; those duties were not felt by
anyone and they kept the Treasury IN
easy circumstances. 1t is beginning TO
be noted by the American people that
their finances are in the control or
charlatans who know no more OF the
fundamental principles of financial ad-
ministration than so many school boys.
Any European finance minister, who
should make such plumbers as have
been committed in Washington, would
be retired to private life for keeps.
Fancy an English Chancellor Of the
ExceeQuer in such mess as is Car
Isle! A Commission in Lunacy would
be summoned TO sit on his case. And
no European finance minister has such
, rich country Astounding in potential
sources Of revenue to operate in. An
ordinary financial duffer ought TO shine
as finance minister in the great Repub-
lie which is rich beyond compute
The Mexican Herald.
How proud we should be of financial
policy thus subjected to ridicule and
scathing criticism in a country that
the average American is in the habit
OF looking upon as only half civilized.
When will the people open their eye:
, to the fact that there must be some
thing radically wrong in monetary
system, which makes such criticism
justfiable? What are they thinking
about? 1t ought to be most painfully
apparent to anyone of ordinary intelli
, gence that under the specious pretens'
, of UNFOLDING the cause OF homes
money" and sound. money" the grea
bankers and money lenders are simpl.
preying upon the Treasury and upol
the people of the United States.
A syndicate of bankers maintain
the gold reserve at 500 900 900 for a few
, months, at a profit of about $40 900 ,OOO
Gold is again going out and NOR
/ bonds, is the cry. Retire the green
backs. make money scarcer even than
is now Depress prices still more
make times still harder, and increas
the interest bearing debt. These ar
the remedies proposed. While this i
going on, the great bankers are gettin
D richer and richer. American heiresSe
are taking untold millions to Europe t
D exchange for impoverished titles, Will
millions Of American people clothed il
: rags and destitute of the plainest neces
stiles of life, are looking fearfuly for
= ward into the long hard winter nov
: just breaking upon them.
c All of this time we have the creates
I and grandest country on the surface @
) the globe-one Astounding in everythin
i necessary for the comfort of mankinC
T. Not only this, but we have Sound mon
!. ey." honest money" "one dollar a
= good as every other dollar" and hav
q had for % years
e And yet the fact remains that Will
I our people are Greading the approac
y of winter, and shivering with fca
i every time an ocean liner takes out
million of gold. half civilized CD Mex
c co, doing business with a 80 cent ST
, yer dollar" is rejoicing in the era c
u unexampled prosperity that has opene
upon her.-Nationa Bimetallst
Loved nv Money Lenders.