The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1897-12-24
A False Sta'emen'.

The worse than weak, because it is
false, statement in the presidents mes
sage is the one that the government is
bound to redeem its notes in gold. 1t
is bound to do nothing of the kind. In
both houses of congress many efforts
have been made to enact laws making
various forms of paper redeemable in
gold, and many of the most noted de-
bates have been over this proposition.
In every instance the gold advocates
were defeated and The paper issues
were made redeemable in coin, which
means, and was explicitly stated to
mean both gold and silver Every one
not a fool knows this. He, like his
predecessor, bases the statement that
these obligations are payable in gold on
the Sherman act of 1890, in which the
faith of the government is pledged to
keep all its currency at par. He uses
the false preJense that the only way to
keep it at par is to make it all redeem
able in gold. Neither he, Mr.. Cleve-
land, John Sherman, nor any other
goldbug has ever condescended to tell
US why all our currency would not be
at par if he redeemed it in gold or sill
yer at discretion. They say, "this
would force gold to a premium" but
they fail to tell us why that policy does
not force gold to premium in France.
There the paper currency is redeem
able in either gold or silver, and the
government exercises its right of so re-
deeming. When the spectators try to
draw the gold out Of the treasury in
France, they get few wagon loads of
silver, and this checks gold speculation
very effectually.
1t is not often that goldbug Repre-
sentative Walker of Massachusetts says
things which we can approve, but one
cannot help approving his criticism of |
this part of the message, for he says it |
we'll. He said:
"The recommendation that green
backs be not paid out except for gold,
when once redeemed in gold, if enacted
into law, would enable one man with
100000 in greenbacks demanding
gold of the treasury and then deposit
ing the gold in the bank for greenbacks
and repeating the process BAG times, to
retire the whole 346,000,000 in the time
1T would take him to oscillate between
the sub-treasury in New York and his
confederate foreign brokers. The
that banks be required
to redeem their notes in gold, with no
other provision of law, would cause
every bank in the country to surrender
its circulation, and then what agency
would keep the country from gold
basis?"
There is no Disgusting the truth that
Mr.. Mckinley is doing the bidding of
his masters who elected him. He is
willing and plant tool of the goldbug
ring.
Mr.. Hartman of Montana, gives
brief and fine criticitm of it by saying
"The Presidents recommendations /
we're just what every one expected who !
Knows his past record ON the money I
question. In some vague, unknown, q
and unascertainable way
lie has hope that at some time in the
linn future he will persuade Great L
5ritain to allow the United States to v
egislate for herself. While this hope +
$ announced for the purpose of hold ;,
ng Republican bimetallists in the +
'arty, the President and his Secretary o
# the Treasury are busy saving wood o
S rapidly as they dare in their efforts v
o perpetuate the gold standard, retire =
he greenbacks and give the banks the u
uthority to issue and control the vol CT
me of money use1 by the people, g
lining industry n