Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-01-29

Ing been duly crammed with terrapin,
duck, turkey and pickles, and having
had claret, Madeira, port and cham
pagne poured into him as long as there
was storage-room, he was put up to en-
tertain his Wall street masters by max
Ing speech.
Surrounded by the gilded clique
which bought our bonds through Cleve-
lands law firm at ten million dollars
less than they were worth, supported
and encouraged by the presence and
the inspiring smiles of the millionaire
criminals who violate our antitrust
breathing the atmosphere of bank
privilege, bank-monopoly and bank
emolument, Carlisle spoke.
He spoke as one elevated and in
spired; spoke as an oracle speaks. With
his head well up and his tail over the
dashboard, he oratorically dashed into
gait of "two-forty on a plank road,
and what do feed you forv'
Carlisle's speech enraptured his audi
ence. 1t was just what they wanted.
Down to the muddiest bottom of their
| oOA OAo oOulo IL SlllICQ tACul anu oOkA6ht-
ed them.
I'VE must retire the greenbacks,
said Mr.. Carlisle; and every Wall street
banker who heard the welcome words
almost slipped off his chair in the ex-
uberance of his joy.
The greenbacks and treasury notes OF
1890 are to be retired. Cleveland makes
this promise to Wall street.
The greenbacks amount to S346, ,000,-
900; the treasury notes to $150,000, 900,
or thereabouts.
This paper money is now circulating
among the people, answering all the
needs of business, and costing nobody
a cent.
That is the distinct pledge which Mr..
| Carlisle made to the Wall street mil
lionaires.
If this paper money, aggregating
$500, 100000 in round numbers, is burnt,
what sort of money is to take its place?
National bank notes. And how will
these National bank notes get into cir
culation?
Our business men will go to the banks
and borrow the notes TT six or eight per
cent interest-and IS the notes will
get into circulation.
How do the Greenbacks and Treasury
Notes get into circulation?
The Government pays them out on
current expenses, and thus they get in
to circulation without costing anybody
cent.
Why do the National Bankers want
the Greenbacks and Treasury Notes
burnt?
So that they, the Banks, will have a
monopoly of supplying the country with
paper money.
If the National Bankers can force the
Government to burn the $500, 900 900 of
paper money which the people now use
free of interest, they can put out that
amount of their bank notes at six or
eight per cent interest, and thus reap a
harvest of thirty or forty million dol
lars per year, in addition to the fat re-
turns they now get.
Therefore when Mr.. Carlisle promised
the Wall streeters to call in the Green
backs and burn them, it was the same
as if he had said:
Gentlemen, Cleveland and the
Democratic party love you, and we are
going to SO arrange the law that the
taxpayers will have to add thirty or
forty millions annually to your untaxed
prosperity"
Not only will the people have to pay
the difference between non-interest-
bearing currency and that which bears
interest, but they will also have to pre-
pare themselves to tote more bonds.
The s500,000,000 of paper money
which Carlisle promises to call in and
burn, constitutes public debt. This is
strictly true of the Greenbacks. 1t is a
debt of s346, ,000. 900 which bears no in
terest.
Mr.. Carlisle proposes to cancel this
debt, and burn the notes.
How is he going to get the cash (gold
and silver to pay the Greenback notes;
Not from the Government revenues
for Cleveland is spending them faster
than they can be collected.
Not from cash in the Treasury, be-
cause they have not got it.
Not from collections made from the
Pacific Railroad Corporations who owe
us, because the Government will take
no step to collect the debt.
Then how is Carlisle to pay on thu
Greenback notes?
Put another mortgage on us:-Bonds
The bonds will draw at least thre,
per cent interest, and therefore thu
Greenbacks which cost US nothing mus
get out. of the way for bonds which cos
three per cent.
That's good finance-for Wall street
But this isn't all. Not only do we los
about forty million dollars as the diff
ference between National Bank note
and Greenbacks, not only do we lose tn
difference between public debt whicl
bears no interest and one which does
but every citizen who sells produce, o
hunts work or struggles with debt, vii
feel the effects of burning $500, ,000, 90
of the money in circulation.
II Carlisle and Cleveland carry on
their goddess schemes. fully one-thir
Of our actual money of circulation vii
be gone.
Then what?
: Prices will fall, debts will be harde
. to pay and homes will be harder to holt
You may talk about sound money