Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1896-08-21

money will be worth more than 1t
was before. They have succeeded,
in less than rs years, in making 30
in gold worth as much in all other
kinds of property as $40 was worth
at the COMMENCEMENT Of that peri
cd. In ourown country the silver
dollar was feloniously stolen, taken
and carried away from its place IN
our money system. The act OF
1878 denonetizing silver WAS NOR
al forgery, and it isa serious onis-
sion in our penal code that the
fraud thus Derpetrated was not a
felony for which its perpetrators
could be punished by incarceration
in the State prison. When the
people were aroused 30 a knowledge
Of this financial revolution so steal
thily wrought, their representatives.
in the lower House Of Congress. by
a vote Of nearly five to one. voted
for the unconditional restoration Of
free silver coinage, and William
Mckinley and John q. Carlisle vot-
ed with the majority. Their came
a new fraud, in the form of SEN
ate amendment, which substituted
limited coinage, but made silver a
commodity by using less than the
whole. Over andsoyer again have
the people elected majorities Of free
silver representatives in CougYe IS,
and as often the deTilish arts Of
mercenaries in the interest of the
gold ring have INSTRUCTED legisla-
tion, first in one House and then ia
the other. until finally 'in1893 Pres
ident Cleveland succeeded in fore
ing Congress to repeal the last YES
tige Of law for the coinage Of any
legal tender silver money. This
worked the immediate discontinue
ance Of the monthly addition to the
currency of the country, made thro
the monthly purchase OF silver bull
+lion for conversion into money.
To this contraction Mr. Cleveland
has added the contraction which
has como thro The conversion Of
green-backs into Understanding
bonds. He dld not exactly exchange
the greenbacks for the bonds, but
he bought gold with the bonds ana
then snapped the gold for the
greenbacks. These greenbacks to
the extent Of nearly two hundred
millions are now boarded in the
Treasury. The banking fraternity
Of the country are cIamoring for
the retirementof all the greenbacks
and The issue in their stead Of one
thousand millions Of bank notes.
which would not be legal tender,
and which might or might not have
the guarantee Of the government to
give them value. Phey would have
no guarantee beyond what was ab-
solately necessary to enable the
projectors to secure the necessary
legislation. Fir. Cleveland recon-
msnds that the national banks shall
furnish all the currency in lieu OF
the greenbacks, and that the Sc
curity required by law to be depos~
tied by them shall be diminished,
and that the tax upon them shall
be reduced.
The bankers and their friends,
and especially their newspaper
friends, are ia state Of wild ex-
element because their game is be-
ing disturbed. Public discussion
is aiYaying people Of all classes
against them and their pretensions.
Professional men and merchants,
as we'll as farmers and workingmen
are rapidly awakening to the folly
Of orr financial system, framed BY
usurers and gold gamblers for their
own purposes, namely. to enable
them to pluck the rest Of mankind.
The pretense that the existing eys-
tenn has in it any merit, and that
the few who advocate it really be-
lieve thatit is an outrage upon
them for the people to shut up the
game, is simply big but Ex'
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