West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-09-24

An Interesting Article 0n The Issues
NOM Before The People.

seLtieU, ana Al there u not enough
Americans or ('heretics" AS we are
styled by the Government oyvaers) In
decide whether our Government shall
be run to benefit che classes or masses
next November, the time il not far dis
tant when the whole scheme will be
nnearthed before the eyes of all true
Americans. and the wonderful trans
ition that will take place will show
mouopolies, trusts and money sharks
that tho American people are educated
on the trouble and determined that the
Independence so dearly fought by our
forefathers, shall be kept Tho issue
is before US; tariff has been only sur
tout Co cover and hide robbery. The
real cause of our depression, which has
gradually been coming on worse and
worse, step by step, menacing our com
plete overthrow, nIendication was made
and has steadily increased, by robbing
the people of onc-half their coin, which
their bonds had been rnnde payable in.
Ii there is one thing in Gods world
that should make man happy, it is
his honesty. If there is one thing that
should dam man, it is his robbery.
and we ouly have TO refer to the de-
monetization Of silver in 1878, to find
the men who (some without knowledge
OF the factt?D) silently and snealsingly
passed IL through Congress, without
any consultation with the people what
ever, and with but few members of
congress as to it's realty. II was did
by few cunning beneficiaries. who
ala not want bonds paid, nor was it
the money which they had invested in
the bonds they wanted, but the usurv
This act SO degraded and suealinq to
rob as of one-haif of our coin. doub-
ling its purchasing power for every
thing except bonds and salaries, is one
OF the crimes which the Republican
party is principally guilty OF, and which
they hope to continue by tho decision
OF the voters in November.
Why has the demonstration of silver
interfered with the Governments abil-
ity to pay its bligations-natiopal
debts Because gold would be the
only money with which the bonds
could be paid, according to contract.
and as the ability of the people to paw
revenue. depends upon the amount of
money in circulation, and when silver
was withdrawn the revenue Of the GOV
eminent was reduced in like propor-
ton, and thus made it n matter of inn
possibility to pay the bonds al matur-
ity
The following report, which is stats
teal from the Secretary of the Treas
ury, shows the national debt was in
1878, 81 9s4, 49,, 1890, all of which was
payable in gold and silver, after tbe
law OF 1870 was passed, which provided
for the refunding of 81 800. OOO, 600 cur
Tency bonds. into bonds PAYABLE in
coin, except $50. 600, 900 which was Is
sued 20 the Pacific r. K. Co. which
was and still remains payable in Flaw
ful money of the United States green
backs 70
And further. the report shows us
that there was cash TO the amount of
Sl29,O- 932.45, that the revenue amount
ed to 1888, 73s, 2O467; that the expep
ditures were $3.50, 345, 245.ss. and that
the annual interest charged on the
national debt in 1875 was SOS, O40, sO4 90.
Ho-stepS were taken by the Govern
ment to pay the bonds at maturity. nor
TO provide coin for their payment But
In 1875, some time in March. CoDgress
passed an act providing for what ia
called specie resumption" which took
place on the 1st day Of January, 1879.
authorizing the Secretary Of the Treas
ury TO sell bonds in order to get gold
$40, 600, 600 of which were sold to again
give money sharks more money
asury, sos, 900, 600 which bore a rate of
~ per cent. s25, DOC, 600 at per cent. .
the former maturing in 1891 and the
latter not until 1907,
Now, let us take these two issues and
SEQ what the usury will amount TO .
We fiud that the amount OF usury on
the two issues TO be 90. 925. 90 annually.
and IL these bonds be paid at maturity.
the usury will amount to 600, 1850. 600.
plus the principal, 500, 900. 600 will equal
che sum Of $3.50. e5O, 600. what the tax
payers OF the country will have paid
for ninety millions Of gold laying idle
Ia the Treasure, with no return, but 20
be called Anarchists Repu i tors In
the name Of God, what can we hope for
our future? when IN the face Of all
these facts, men have been made TO
beg, homes TO be mortgaged, and the
very life 20 be sucked from us moth
ing else under Gods heavens bot To- be
thrown in chains and slavery TO work
She viii OF our masters OF Wall Street.
Let us look 20 1879 and see il our
Government was even then able TO re-
sumo the payment % its obligations ?
The Government At that time had out
standing in legal tender notes s875.77f.-
5000. demand notes, 49, PSI 30: one
and two year notes, 900, fs5. 90. frac-
tional currency, SIC. az, eos. 10; com
pound interest notes s174. go 90. ma
tionsl bank currency. s32s.5fA.2s9 00.
which made in al ssi1I6i. 8302I. de.
Quoting FROM This The amount n cash
iu the Treasury which was sg49.Os0
no 30 leaves deficit OF s5Gs. 0sl 1853 RI.
not including $3.50 100000 Of bonds
which matnred Zoo lss0-4L