Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-09-20
CURRENCY CONTRACTION AM
MORE BONDS.

The recent letter of Secretary Carlisle
declaring it to be the policy of the gov
ernment to redeem silver dollars ana
silver certificates in gold upon demand
discloses the real purpose of the goldites.
The retirement and destruction of the
creenbacks and treasury notes has long
since been determined upon by the mon
ay power as absolutely necessary to the
maintenance of the gold standard to
which the republican party is pledged,
because they constitute the endless
chain by which the treasury is con-
stantly depleted of its goid~reserNe' NOW
Mr.. Carlisle announces that silver COINS
and silver certificates viii be redeemed III
gold lust as greenbacks ana treasury
notes have BEEN thus furnishing the
money power with another endless
chain" for drawing the gold reserve from
the treasury vaults.
Hinder this policy that reserve will al
ways be at the mercy of gold raiders uii-
til the entire silver currency, COINS and
certificates, are retired and destroyed,
leaving no money of final redemption ex-
cent gold alone. Until all of the green
backs, treasury notes, silver COINS ana
silver dollars amounting to about $l,000.-
COG. 900. are permanently retired and prac-
tjcally destroyed as money, according to
Carlisle's new policy, there will be de-
mand upon the government for gold
which it must meet by giving gold in ex-
change for them in order to maintain the
gold standard and at the same time fur
nish an excuse for the final retirement
of this vast amount of our circulating
IT. . I, oil faAG
REDEMPTION of this 81, 900, 100000 to be Sc
cured? In but one way-the sale OF
bonds for gold.
And this is the real purpose and deter
mination of the money power represented
by banks, money syndlcates and the cor
porate wealth of the country. When
this is accomplished as it will be should
Mckinley be elected, the volume of mon
ey in the country will be contracted to
the full extent of the amount OF green
backs, treasury notes, silver coin ana
silver certificates now in circulation;
there will be no money OF final redemp-
ton but gold, and the gold standard, pure
and simple, will be fixed upon the people.
Then will follow, so far as this country
is concerned, all the woes and disasters
so accurately and graphically portrayed
by John G.. Carlisle, while he was sun a
democrat and an honest man, when, in
his terrific philippe delivered in the
house of representatives against the gold
standard and in favor Of the remonetiza-
ton of silver, he declared gold mono
metallism more destructive than war,
pestilence and famine.
The shylocks want bonds-oonds at the
lowest cost to themselVcs-and bonds
they will have. Mr.. Carlisle points out
to them the easiest way to accomplish
their purpose and invites his friends to
proceed whenever it may suit them OF
suit their convenience to do so, armed
with debased silver dollars or silver GER
tificates. Before he retires from office
he will have adopted the policy he has
already outlined, and should Mckinley he
elected he will be powerless to change
it, being, as he is, the servant and tool OF
the money power, the trusts and monop-
olies, to whose united support and con-
tributions to Mark Hannas corruption
funds he would owe his election.
The only avenue of escape for the peo-