The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1896-05-08
WE DON'T NEED 1T.
CAN GET AIONo
WITHOUT GOLD.
s Every Desiss Left Our sAesss' -"
rhes9-Worshisssness Of ehs ssAss~
Metal bscsmiag More Appsrses vsss
Every Wall street Raid.

A dispatch from Washington says
the President has figured out that tnere
I,s IN this country now about &s35.o0o.-
ooo IN cold coin and bullion exclusive
NJ What the Treasury holds A. only
.hout sa4O 600 600 are in the United
States Treasury and the banks, u
alleged that the President has come !"
the further remarkable conclusion tnat
sa0o 600 600 must be hidden away IN
ls,ockines and old teapots." forming
the secret hoard" OF the people. MI
,Cleyeland is too sensible man 70 %
/ llieye anything Of the sort The sec1ss
hoard" hardly amounts to $3o.Ooo.uV
a. cold and even IL 1t amounted 70 tne
ann Cleveland is alleged to believe -
could not be coaxed out OF the hanos oa
( the cautious, timid men who nave n'u
!. den II away In exchange for com
bonds or certificates which the Gov
|, eminent would have the option 70 pay
lin 50-cent silver dollars In : Isns
), Ipanic It would be ciutched all the n.
er and hidden the more careiuhy.
= ruth q that there Is very little goso
IN this country outside OF the visio.s
r, .rnn,v when men who can anoro {"
hoid large quantities that fact is Known
ei- "a "a are the whereabouts OF INA
,old But there Is next to none IN ene
~ hands Of common people. A rev ye..s
,r. 400 there was much more gold IN I'M
e,,,rx than now. Much OF II nAs
OTIS melted away imperceptioiy ana ~ ~
re, been recorded In the big snipmen
- has zone in small but continuous
an an ar.,,. sent to relatives or friends ID 20
~ ~ -ora n defray their expenses there OF
81 nav for travelling expenses OF touS-
AN. ,s,s or into savings banks or ouiloins
,..r .saociations. where 1t Il eafnins
las, something. The $500 ooo. 900 OF niooe1
%. ,ecreted gold il . myth. mere nsnen
' OF the Imagination. ana notn'As ''
Tribune.
There Il probably much truth IN IN
w rr,hunes idea that the estimates
boarded gold are too large
-. II ia scarcely open to question I'M
,nrg tho amount OF gold In the country
-s.,,v overestimated. The figures q
acre in fact mere guesses. and II - W.
impossible to locate more tnAn oH
reth, haif the amount covered by the Irea
- o- NV estimates. But the Tribune
o'- ,,.u., seems to have no apprecia1's
Al ~ the sienincance Of what II say..
!. =. ,rpe AZ IL intimates. that the
ufen- !. only about S27o. 900 900 In so'd
th. whole country II simply proves
T. ~ ,r,r,nsic weakness Of the goio stAo
nder- ard.
The mint and Treasury reports
mme the amount Of gold to oe 40
II, 100 ssas 600 900. II the actual amount
e,so oO0 600 less II demonstrates I
r. l2o sh,n.s. First. that We have SS5o.OS
o. ooo less money in the country tnan
., ~old people would have us believe
10 ond that We have more tnan VII
ooo 600 Of paper resting taccordine
wulf- the gold standard theory on 40
2s s27o. 900 900 In gold. instead o. -
j.. 900 900, the assumed base
II would be almost Impossible 70
r. lot .eine a monetary system more un
bic and unsafe
r, lot what "a the logical remedy!
.,a,,. .avs. Issue bonds and r.
the greenbacks." This simply ~
Iuckes. that no matter nov - 80.
so supply may be everything mus
$50 brought down to that slender baa
still greater fall in prices VII n
sarily follow. More debt ana
nrices for what We produce lnc'
~ are he debt $500 900 900 or more an
lgburg the same act GU. oo~ ,. :, "a,
6, at 2 Ing power o. -. 49, on, az !
- the debt must be paid.
',s'es A delightful prospect. indeed.
Iioa'y people the burden Of whose CONF
'entioh Il that their debts are already .
repre- and their income 20 small that thu
! their almost driven to desperation.
i'll con- money Is truly great ana pens
(, 1896. thing Exchange.
IN day .-..a.~-