The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-09-10


ufacturers, and to starve the country
into accepting their scheme. They
make no coneealment that this scheme
is to inject into our financial system
the poisonous blood of irTedeemable
bank notes instead Of the healthy and
natural supply Of real money coined
from that one Of the precious metals,
the coinage Of which they have stopped
by criminal methods,
The coming. months Of the year will
be marked by increasing business fail
ures, discouragement and desperation.
This increasing prastrati0n and par
alysis, with increasing failures and ID
creasing suicides, are being planned foBt
by the despotie power whichs controls
this administration, as deliberately as
it prepared and brought on at thssp-
pointed time the panic Of 1898, andwith
the same object in view, All the states
men agree that the country enjoyed a
large measure Of prosperity from 1873
until 1892 inclusive. This period was
exactly coincident with the partial res,
iteration Of silver coinage in 1873, and
its enlargementin 1890. Ih,I692 the gold
power determined upon d. desperats
struggle against silver. They could not
again secretly sneak a clause into any
pending measure for the demonetiza-
ton of silver, as they did in 1878 by the
help of John Sherman, and they de-
oided upon onep warfare. Theyneeded
only the completely of President Qeve-
land and his secretary of the treasury
They had already chosen Cleveland as
their instrument, and foisted him upon
the democratic party by corrupting the
convention, and through him they had
chosen a secretary of the treasury who
would be their slave. They had pre-
viOusly used Harrison and his latest sec
rotary Of the treasury, Charles Foster,
to inaugurate a dishonest and unlawful
practice of redeeming silver obligations
in gold. This produced a run on the
gold in the treasury, which so reduced
it that it was only by the skin Of his
teeth that Mr.. Foster was able to turn
over to his successor the 500, 100000 in
gold, which Sherman had originally
fixed as the amount of the redemption
reserve. Even Mr.. Carlisle squirmed a
little when he was called upon to con-
tinue this infamous outrage of exclu-
sive gold redemption. He must have
talked too freely, for his alleged pur-
pose to pay out silver dollars got into
into the papers. He was instantly mUz-
zled by the president, who Immediately
authorized a published statement that
gold redemption would be maintained.
Carlisle got into the traces as meekly
as any old omnibus horse, and pulled on
his load as faithfully during his whole
term.
Exclusive gold redemption almost
Immediately produced the intended
effect of cutting down the reserve be
low what the bankers had fixed as "the
safety line" Carlisle, Cleveland and
the bankers and their joint newspaper
organs Immediately advertised that the
treasury was bankrupt and the country
on the verge of ruin. This alarmed the
foreign holders of American securities,
who plunged them into our market for
whatever they would bring in currency,
and they then got gold in exchange for
their currency and took it out of the
country. The administration and the
bankers made themselves bears in the
money market. They devoted their en-
eIgies to breaking down confidence in
the government, and business conf
dence between individuals. This they
did as the first step toward creating
the panic which would alone serve their
purpose.
They then raised clamor that the
purchase and coinage Of silver was
alarming the world, and must be
stopped. It had not at any time, ere
.ated the slightest alarm OF disturbance.
On the contrary, under it the country
was most prosperous. Benjamin Har-
rison certified to the splendid effect
of the Sherman purchase act upon the
business Of the country, with its pur-
chase of 100000 ounces Of silver per
month. Read it in his message of De
cember, 1890. The first sign Of a want
Of confidence in this country was given
as q result Of Fosters and Carlisle's
put-up Job of a raid on the treasury
gold, and the false howl of the Cleve-
land administration against the public
credit. As soon as Cleveland was in
augurated the repeal Of the Sherman
purchase act was loudly demanded by
The gold trust Who that read II can
ever forget the dark chapter Of history
recorded in the New York Sun, when,
without contradiction at any time, it
gave the names Of great bankers who
met at an uptown residence on a Sun
day night, with Carlisle present, and
decided upon plan Of action for the
purpose Of producing panic through
which 10 effect legislation Oh this sub
ieets It was decided in that conference
TO pass the wore throughout lie coun-
Try to The banks which they could IN
huepce that the bank customers must
be refused accommodation, their notes
must not Oe discounted; their matur-
ing notes must not Be extended, and
business mau must al De driven 70 the
wall It was then 10 be ezplained 70
them that tie reason why tbe banks