The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-01-24
THE COST OF BONDS.


ApropOs of the bond issue now being
perfected by the administration q few
figures compiled by the Topeka State
Journal may be of interest in showing
how such policy effects the individual
members Of the nation and especially
those of Kansas. The Journal says:
To bring the matter directly home,
what does that s262,OOO,OOO of debt
mean to the people of KansasH Tt
means primarily q tax upon every mans
woman and child in this state of s3.75.
It means a tax of $3.50 upon every
family in Kansas. But that is not all,
This is only what would be required to
pay the principal. There is 100000
to be paid every year interest to the
bond sharks and English money loan
ers who invest in American securities
because they guarantee a safe source
of income.
The interest on the bonds amounts
to over S3OO,OOO,OOO, as they run thirty
years; that is, the government viii pay
in interest more than the face value of
the bonds. This makes the total
amount to be paid to liquidate the re-
cent issues, $59O,OOO,OOO.
Now take your pencil and figure out
what this means to Kansas. There
are 100000 people in Kansas and the
share of every man, woman and child
| is s843. This may be found by divid-
ing s590,OO0,OOO, the total amount to be
paid on account of the bonds, by
100000, which is now the estimated
population of the United States. The
share the people of Kansas are com
PEELED to bear will be found by multi
plying $843 by the population of the
state, which will show that the citizens
of Kansas, young and old, are face to
to face with the enormous debt of
s10,85S,OOO as the result of Cleveland's
bond issues.
Leaving cut of the question the steal
of the Morgan Belmot- Cleveland syn
dictate and the interest and taking only
the principal of s262,OOO,OO6 in consid-
Grafton, the share Kansas will pay is
s4,875OOO
The most exssperating feature of
this measure is that this enormous
debt aceomplishes no purpose; it pays
for nothing. There isn't a cent to show
for it. The money is gone and there is
| nothing in its place but "gold reserves
which disappears as rapidly as it is re-
placed. The government will have
spent nearly 6OO,OOOO,OOO of dollars and
there will be no more equivalent than
if it had bsen thrown into the Atlantic
ocean,
While the vaults Of the treasury are
filed with silver, which is also lawful
money in the United States, the silver
cannot be paid out because Morgan
and his band of thieves have demanded
gold "and the credit of the nation
would be impaired" unless they we're
paid in the coin they demanded.
There is no telling when the bond
issues will stop. They will surely con-
tinue as long as the government pre-
serves its present policy. The gold
thieves busy themselves in draining
the government treasury of gold until
it must be replenished by an issue OF
bonds. Then they pay into the treas,
ury the gold they have drawn out and
everything is lovely at Washington
In few days the bond sharks become
impatient to repeat their deal and they
again begin drawing out the gold, and
they keep it up until a new issue of
bonds is necessary and they kindly
come to the relief Of the government
by taking the bonds at about s1Ol tC
sl04 and then sell them at SIT. The
money sharks are enjoying themselVe;
and Cleveland and Carlisle appear tC
be satisfied. But the people are sharp
ening an ak.