Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-11-26
GOLD STANDARD PROPHETS.


Their Promises to the People UnfulhIled
and Their Purposes Made Plain.
Underneath the himsy disguise which
the money power has assumed in this
campaign the real explanation Of the
fight which is being made with so much
bitterness on free coinage can be dis
tinctly observed. Expressed in nut
shell, it is nothing more or less than a
deliberate scheme on the part of the
money power to contract the nations
currency, and the single gold standard
though calculated to produce great J
havoc, is only one Of the methods BY
which this result is to be obtained
To fully establish the truth Of this
statement, it is only necessary tc esta +ho
former contentious of the mo o@,, ro,ye-
and contrast them with itF ,yasort ottS.
tude on the money ques on
Three years ago the Some mon ,vbo
are now advocatir 4 the single gold
standard as a rer .e'jlS for existing evils,
were clamorinr lf6r "a repeal Of the pur.
chasing olau <df The Sherman act. It
was elaine A By'6heso false prophets That
repeai 4 that clause would res.tore
nationo Apfosperity and impart he althy
tone % business all over the co'antry
Ah' AZ Furthermore insisted that rlothing
e .lae was needed to promote the welfare
Of the American farmer, and that just as
s10oh as the purchasing clause of the act
Wa 4op,.upu Nc MotstN. gIA w reap tho
Just ard Of his labor.
One of the most conspicuous Of these
prophets who is now engaged in up
holding the single gold Standard, DR.
Chauncey NJ. Depew, expressed himself
in an interview published in the New
York Tribune, July 20, 1893, as fol-
lows:
Tho repeal OF the silver purchase clause Of
She Sherman act Ot July IA, 1890, win release
money hero and bring money from abroad. 1t
will do infinitely moro-it will permit the uso
of credits, whichare now 20 fearfully,Gurtailed
and which constitute 95 per cent of the cur
srency Of tho country.
Such was the earnest fight which the
money power Of the country made in
favor of repeating the purchasing clause
of the Sherman act that the day was
carried and the clause in question was
repealed.
But what was the result? Did money
Immediately begin to circulate in this
country, as Dr. Depsw and his col
leagues so glowingly predicted? If it
did, the laboring people failed to Eek
perienoe the satisfaction of having
single dollar added to their yearly eaTn-
ings. On the contrary, their wages were
reduced, and as much suffering never
prevailed among the masses as during
tho years which have since followed.
The farmer has met with one disaster
after another, while his crops have net
ted him far less than the care aud labor
bestowed upon them shculd command.
Merchants have likewise Suffered from
the paralysis of hard times, and failures
without number have been recorded in
all parts of the country. Establishments
both large and small have been forced
to the wall on account OF the stringenoy
OF the money market, and many banks
have found it necessary TO suspend bust
ness 1t is no exaggeration to say that
such period Of stagnation and depres-
sion has never been known in this coun-
try as the one which has followed the |
repeal of the purchasing clause of the /
Sherman act,
Notwithstanding the utter and ridicu-
lous failure which they have made as /
prophets, the same men who advocated /
a repeal Of tho purchasing clause three /
years ago now come forward with
brazen audacity and uphold the merits I
OF the single gold standard.
Having been deceived once by the +
spurious logic and affected patriotism Of \
these men, the people are noe apt to be |
40 easily DECEIVED again. Moreover, |
they have made a thorough study Of the /
money question, and they realize the /
fact that national prosperity will con-
tinue to be dream and delusion until /
silver is restored to its former place in \
the currency of the nation
Should the money power succeed in
this outrageous scheme to defeat BIZ
metallism, the next step in order will |
be to retire the greenbaCks.
In spite of the frantic appeals which |
these false prophets are now making,
the people Of this country will not allow !
themselves to be deceived again. In
stinctively they recoil from the single |
gold standard, and the more they study |
it the moro abhorrent it becomes.
When gold and silver were both car
ried to the mints under equal condi-
tions, this country prospered as it never
has since, and the farmer realized a good !
price for everything he produced.
Until this condition is restored there
can be no permanent national prosper
ity. Atlanta Constitution.
Moreton Proven on Silver.
Mr. Moreton Frewen, one Of the best |
known authorities on the silver ques-
tion, said to reporter in London the |
other day:
~ personally agree with Mr.. Bryan
that if the United States should open
her minis at to 16 she can raise tho
exchange value Of silver all the world
over to her rating hold this opinion
not upon any mere grounds Of theory
lint r,pp,n xrhok tt.o oct,,oI1,, .oxr. J,.;,,s.