Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1896-08-20

was set in motion to the great detri-
ment of the country and profit to the
syndicate.
Now, had silver been paid in redeem
ing these obligations there would have
been no trouble. and there would have
been no redemption. But just as soon
as speculators found out that the
| treasury officials would pay gold they
began the endless chain racket that has
resulted in bonding the country to the
extent of S262 900. 900 to maintain q
gold standard.
So far as more tariff is concerned,
that will not help matters at all. It
makes no difference how much money
is received from tariff duties, that of
itself would not remedy the trouble.
You may pile the treasury building full
| of money received from tariff duties
and SO long as they are not paid in gold
the government will have to sell bonds
to get gold with which to redeem its
notes. How is it to get gold in any
other manner? If importers would
pay tariff duties in gold all would be
well, but they will not do that, for the
law does not require it, hence how is
Uncle Sam going to get the gold? No
one will part with gold when by hold
| ing on to it short time he can invest
it in government bonds. Then the
high tariff republican SAYS change the
laws and make tariff duties payable in
gold. That would be all right, but by
doing so the government discriminates
against all other forms of its money.
It says by that act that all money ex-
cept gold is not good. for it would re-
ceive only gold in payment of obliga-
cations due it, and that would cause
gold to go to a greater premium than
at present. Ex- President Harrison in
his article in the Ladies Home Journal
says: ''The treasury has no way OF
compelling anyone to pay gold to it.
Such gold as it gets comes from per-
sons who choose to take paper money
for gold deposited at the assay Offices
or mints, or to pay in gold coin some
government tax. Formerly all duties
gold. Now, when the gold reserve
gets low 1t CON only be restored by TIL.
sale of bonds.''
With It's limited gold reserve, and
practically inviting all holders of notes
to come and get gold for them, treas
ary department will plunge the govern
ment into debt to such an extent as
will bankrupt it in time. There is nc
remedy for this catastrophe if gold con
; tinues to be the only redemption mon
ey. Major Mckinley endorses the
, bond issues under Mr.. Cleveland, and
} so stated in his speech to the COMMITTEES
} of notification. If, then, bond issues
. to maintain the present contracting
, system of finance are to continue il
case Mckinley is elected. we may SCI
| the unusual spectacle of high tariff tt
keep our money at home. and bond is
sues to furnish gold to go abroad, be
cause we want dollar that will ''gt
! anywhere in the world"-and they seen
/ to be going with increasing regularity
, One cannot expect the least change il
t the fiscal policy of the government il
r case Mckinley is elected, for the re
, publicans are in favor of maintaining
t the present gold standard" which
l means that nothing but gold is recog-
nized as money, and other forms O
+ currency being simply token money.
It will be readily seen, then. that NJ
matter how high the tariff is, no mat
ter how much revenue is collected, i
J the government is not going to recog
nize silver as redemption money, bono
issues are inevitable. If there is am
way that we are to maintain the pres
ent gold standard without ISSUING
bonds I should be glad to have som.
: gold standard republican point it out
: And when he has submitted plan Il
! maintain inyiolably the money of tn,
? country, whether coin or paper, on 1
+. gold basis, it will then be in order fol
him to devise plan for paying off oul
bond Indebtedness {nearly billion dol
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