The midland journal. (Rising Sun, Md.) 1885-1947, 1897-05-14
No Daylight Ahead.

Unless om1nouS signs fa1l cleveland S
policy as to financial affairs will be con-
tinued by the Mckinley administration
with such change of methods as cilcum-
stances have developed to be necessary to
achieve the purpose. The most necessary
ard succeeding step to be taken by the
gold conspirators is the destruction Of the
greenbacks and Sherman notes. Congress
cannot be forced or prevailed upon to de-
stroy these issues of government money
as Clevelands effort in that direction
proved To retire them from circulation
i'll the treasury is the next method to be
tried. There is about SIC, 900, 900 of this
money piled up in the Treasury where
$22S, 100000 of money, including gold,
is now lying, dead as far as any use to
business is concerned.
The new tariff is being framed with q
purpose of raising $5o,ooo,o 900 surplus
annually which surplus in greenbacks
and treasury notes will be locked up in
the Treasury. With this object in view a
duty of ten cents pound on tea, and a
duty on sugar and all increased tax of
forty-four cents a barrel on beer are pro-
vided for, and OH other articles of prime
necessity to the people. By this means
it is hoped that sufficient surplus can be
raised to retire, if not cancel, the issues of
government money and leave the field
clear to the national banks to supply all
currency for circulation except gold.
This process of retiring government
currency will, if it can be accomplished,
Of course result in a further fall of prices
and harder times, but these desperate con-
spirators care nothing for the sufferings of
the people. To acquire complete mo-
nopoly of the money of the country is
their object, when they can initiate and
lower prices of all property, stocks and
bonds at will and be enabled to speculate
i'll all the property of the country. But
before complete success crowns their
efforts important changes in national
banking laws are necessary and which
changes they are steadily driving at.
Dedication of the Grant monument
offered favorable opportunity to Secre-
tary Gage to confer with his friends and
associates, the Wall street bankers, which
was availed of, and how best to get rid of
the national currency is believed to have
been the chief subject for consideration.
This piling up-retiring from circulation
the greenbacks in the Treasury, is a
clear violation Of the spirit of the law,
but what do these conspirators care for
law?
From every point of view that can be
taken of the policy developing, of the
new administration, continuation of
harder times, if possible, is inevitable,
with still lower range ofprices.
The question is being asked by increas-
ing numbers if Mckinley is to be mere
cats paw for the convenience of this gold
conspiracy, as Cleveland was its willing
accomplice, and sharer in the millions
6lched from the people. In the mean
time, while the new tariff bill is in prep
aration, importers are rushing in goods so
as to escape the increased duties, and the
country will be stocked up with enough
foreign goods to forestall further demands
for probably the first year of the new
tariff.
Gold has been going out ofthe Treasury
at the rate of a million day, and in
accordance with the plan of retiring
greenbacks, the government money is
being distracted from circulation, and the
volume steadily contracting. The ques-
ton arises i'll view Of the increase OF
merchandise by importers and decrease or
contraction of money circulation, where
are purchasers to be found for these
goods? They evidently will not be forth
coming and if sales cannot be made at
advanced prices under the new tariff, the
holders of the goods will be forced to cut
prices. The banks which furnished
money TO pay duties will soon demand
payment if they find a stagnant market is
forcing down prices. Under such condi-
tons panic is sure to be threatened,
and rush from Europe to unload Amer
lean securities for gold. And then the
Administration under its gold standard
policy will be face to face with another
bond sale
In the meantime where will our Amer
lean manufacturers stand in the presence
of declining prices and no demand for
their goods? They will fail as never be-
fore, even under the new Dingley tariff
There is not one ray of hope for any
honest business under the gold standard
1t is a deception, it is dishonest, it is a
gamblers net and money monopoly world
wide in its powers TO rob and enslave the
people. That the people are bound to
drink of this bitter cup and pass through
this dark shadow is as sure as the sun
shines.