Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-10-29
GOLD STANDARD PROPHETS.
Gheir Promises to the People UnfulGlIed
and Their Purposes Made Plain.

Gheir Promises to the People UnfulGlIet
and Their Purposes Made Plain.
Underneath the fimsy disguise which
the money power has assumed in thi.
campaign the real explanation Of the
fight which is being nado with SO muc!
bitterness on free coinage cen be dis.
tirctiy ca:-,-ved. Expressed in a nut
shell, it is nothing more or less than a
deliberate scheme on the part Of the
money power 10 contract tho nations
currency, ard the single gold standard,
though calculated to produce great
havoc, is only enc Of the methods by
which this result is TO DO obtained.
To fully establish tho truth Of this
statement, it's only necessary to cite the
former contentious of the money power
and contrast them with its present atti.
tide on the Eoney question.
Three years ago the same men who
are now advocating the single gold
standard as remedy for existing evils
were clamoring for q repeal of the pur.
chasing clause Of the Sherman act. 1t
was claimed by these false pror bets that
repeal Of that clause would restore
national prosperity and impart healthy
tone to business all over tho country.
They furthermore insisted that nothing
else was needed to promote the welfare
of the American farmer, and that Just as
sccn o. tire purchasing clause of the act
Tcs Repealed ne wcald begin to reap the
laSS reward Of his labor.
One of the most conspicuous Of these
prophets who is now engaged in up.
holding the single gold standard, Dr..
Chaupcey NJ. Depew, expressed himself
in an interview published il the New
York Tribune, July ~, 1893, as fol-
lows;
The repeal Of the silver purchase clause Of
the Sherman act OF July II, 1900, will release
money hero and bring money from abroad. 1t
will do infinitely more-it will permit the use
Of credits, which are now so fearfully curtailed
and which constitute s. per cont of the cur
rcncy Of the 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repealed.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 tho result? Did money
Immediately begin to circulate in this
country, as DR.. Depew and his col
leaguea SO glowingly predicted? If j
did, the laboriug people failed TO ex
perience the satisfaction of having {
single dollar added to their yearly earn
ings. On the contrary, their wages vert
reduced, and US 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 laEoi
bestowed upon them should command
Merchants have likewise suffered from
\ the paralysis Of hardtimes, and failures
without number have been recorded il
all parts of the country, Establishment
| both large and small have been forced
to the wall OH account OF the strinGency
Of the money market, and many bank.
have found it necessary to suspend bust
ness. 1t is no exaggeration to say thai
such period of stagnation and depres
sion has never been known in this coun.
try as the one which has followed the
repeal of tho purchasing clause Of the
Sherman act
Notwithstanding tho utter and ridicu'
lous failure which they have made a
prophets, the same men who advocated
a repeal of the purchasing clause three
years ago now come forward with
brazen audacity and uphold the merits
Of the single gold standard.
Having been deceived once by the
spurious logic and affected patriotism Of
these men. the people aro not apt to be
so easily deceived again. Moreover,
they have made thorough study Of the
money question, and they realize the
fact that national prosperity will con.
tinue to be a dream and delusion until
silver is restored to its former place III
tho 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 tho grcenbacks.
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. H.
stinctiyely they recoil from the single
gold standard, and the moro they study
it the moro abhorrent it becomes.
When gold and silver were both car
ried to the minis under equal condi-
tions, this country prospered as it never
has since, and the farmer realized good
price for everything no produced.
Until this condition is restored there
can be no permanent national prosper
ity. Constitution.