West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1896-10-15
YELLOW GOLD
FOR THE RICH.
While Silver Alone Is Now Being
Paid Out to tho Poor.
THE EXPERIENCE OF A PRIEST.
He Discovers Some of the Beauties Of
the Gold Standard Idea.
Rev. Father Kelley, OF Chicago, who De-
posited $500 In Gold with the Illinois
Trust and Savings Bank. Cannot
Get tho Gold again and IL
Paid I'm silver.

Chicago, Oct. Especial There
was an exciting scene one day last week
in tho great counting room of the Ilii-
nois Trust and Savings bank. Power
full pressure induced the Chicago pa
pers, with single exception, TO sup
press the story. The Chicago press is
absolutely under the domination of the
banks, and not line damaging TO the
success of the English gold standard
is given publication. HeINe is the story:
Rev. Father Edward Kelley is one
of the best-known clergymen in Chi
cago. He Was until last week an ar
dent gold standard advocate and sup
porter of Mckinley. Several months
ago an aged widow, one of his parish
toner's, became alarmed over the safety
of u sum OF gold which was stored in
her house. The amount was $500, and
she intrusted IL to Father Kelley and
asked him 10 deposit IL In some bank.
He placed IL on deposit In the Illinois
trust and savings bank. Recently the
widow became alarmed by the state
ment OF the Chicago press that If Bryan
should win bank deposits would be
paid in 53-cent dollars, und asked her
pastor to Withdraw tho gold from the
bank and place it in safety deposit
vault.
rhe following day Father Kelley
went 10 the bank, and, after explaining
the circumstances, presented the orig
nal deposit slip for the $500. The cash
Ter refused to pay in gold. Father Kel-
ley was astonished.
"I dRnnsit.I THE IL, rr,,lJ ond a..
maDd gold in RETURN" said the in
dignant churchman.
The cashier smiled blandly and said
IL was against the rule Of the bank to
pHy out gold. He handed out $500 in
silver certificates and $40 in currency.
He positively refused to- give bank
notes or any money directly redeem
able in gold.
Father Kelley. holding the money in
his hand, went TO the private office OF
John j. Mitchell, president OF the bank,
and, being we'll known. was admitted.
He explained what had occtirIed. sup
posing, OF course. that the wrong
would he recGhed.
I'VE are not paying out gold and /
can make no exception 10 the rule"
said President Mitchell. firmly.
'Do you mean TO tell me that this
woman cannot have back the gold she
intrusted in your keeping2" demanded
Father Kelley.
"The money you have in your hand is
all right" was the evasiye reply of the
now uneasy millionaire.
That is not what You and people OF
| your class are telling the country" said
Father Kelley, his voice trembling with
indignation. You say that these silver
certificates represent coin which has nn
| intrinsic value OF but 50 cents to the dol
lar as compared with gold. and that II
Bryan is elected II will take two silver
dollars to equal the purchasing power
| OF one gold dollar. You have this
woman's gold. You pny her back what
you publicly proclaim to be 53-cent dol
lars. There can be but two possible
constructions placed upon your conduct.
You are either liar or a thief"
Pale with excitement and anger Fa-
ther Kelley turned his back on the bank
| president and went away with his silver
certificates. He went TO other banks
but was unable TO secure the $500 in
\ gold. Lodged in the vaults OF the Iii
Dois trust and savings bank was not less
than S2,OOO,OOO of the yellow gold. It Is
being boarded 20 buy bonds with II Nc
| Kinley Is elected. 1t is too valuable and
scarce for widows and ordinary people.
President Mitchell Is quoted by the
financial editor OF one OF the Chicago pa
pers as saying that "the cashier sup
/ posed Father Kelley wanted the gold
/ for the purpose Of boarding, and that
they did not pny out gold TO such per
sons
/ What do you think Of that, you gold
standard worshipers2 II you want TO
hoard anything hoard silver. The
/ banks will hoard gold. They will keep
on forcing down the price Of silver and
enhancing the price Of gold, until gold
/ goes 20 n premium. They will then buy
bonds with their gold and you will pay
the interest on the same--you and your
/ children and grandchildren.
DO you think you can get gold at
/ bank? Try IL. You cannot get a gold
/ dollar unless as personal favor And
/ yet Mr.. Mckinley tells you that to-day
/ one American dollar Is as good as an
/ other American dollar, and that II he ia
elected president IL always will be. II
/ Mr.. Mckinley is elected president
/ gold will go 60 premium
the next day. The banks and
| trunsts and syndicates have boarded II
IN greedy anticipation Of such an event.
! The eHeidelbachs.t the Iolx1eheifners, the
/ Lazards, the PierpOnt Morgans. the
/ Kuhns, the Loebs, and all the other gold
brokers Of Wall street, have recently
added s25.OO0,OO0 20 the gold reserve Of
the national treasury. and they arc now
waving the American flag 10 show how
I patriotic they are.
What does the United States give
these gold gamblers for this S25, 900 900 2
0recnhacks.
When can Mr.. Tclllcheimcr get back
his gold for his green backs2
On demond. lie can cash in thoec
Rreenbacks tomorrow if nc cares 10 md
bring tho reserve below S1O0. 100000. but
Mr.. lckleheimcr Is generously maintain
ing tho national credit until after The
election. No matter who is elected, the