The Louisiana populist., 1897-06-25
TO HAVE THEIR PAY.
M'kINLEY WILL CERTAINLY lS-
SUE MORE BONDS.
This Administration Must Paw Its obi.
cations to the Bondholders as Cleve-
lands Administration Did-Prosperlty
for the Bankers.

for the Bankers.
The outward f1ow of gold has COM
menced and will continue without Sc
rious interruption until the payday Of
the money lenders for their contribu-
t1ons to Mark Hanna's corruption fund
shall have arrived. This is as newt
able under Republican Clevelandlsm
as IS the trust-breeding tariff measure
under NcKinleyism. The financial
centers are glutted with idle money
Which can find no natural field for
profitable activity under a monetary
system causing constant decline in
values. The goldites will keep on
pointing to the vast accumulations Of
goid IN the vaults OF the private cor
pora.ons as q protection against
threatened danger to the gold reserve
lund IN the national treasury. With
as much consistency might the Greeks
oe melted to confidence by calling at
tentlon to the abundance Of arms and
ammunition controlled by Edhem
fasha. 1t is not likely that a class
whose patriotism has never been man
i1ested in any way more substantial
tnan words. and whose business is
plunder, will come to the rescue of the
country when the country's loss is
tnelr gain. Under the policy Of the
government the $1OO,OOO,ooO line Of the
gold reserve must be preserved at any
cost. AS soon as that is encroached
upon gold will be procured on such
terms as the holders Of gold will make.
Ihat Will be their opportunity. 1t will
furnish the only field in which money
can be invested during a period of fall
Ing prices-securities at fixed rate of
interest.
Can any sane man doubt that In.
stead OF helping to avert condition
that will so bounteously add to their
income, the owners and controllers Of
gold will put In motion every influence
within their reach to hasten its ap-
proach?
Conditions could not we'll be more
favorable for realization Of the hopes
OF the money lenders. Russia is a
heavy and constantly increasing pur-
chaser OF gold. Japan is drawing on
the market for nobody knows how
much and has created an uneasiness in
English financial circles by giving
notice that she will withdraw the $685.
100000 In gold deposited in that coun-
try from her Chinese indemnity fund.
These facts will not only tighten the
grasp OF the holders of the metal, but
cause them to extend their holdings.
An increased demand advances the
price, and, therefore, makes the COM
modify more desirable. We have had
much more boasting from the goldite
press Of the constantly increasing re-
serve fund. Henceforward their refer
ences to that subject will consist Of
explanations and negative assurances.
To anybody who has been putting his
reasoning faculties to proper use no
explanation will be necessary. To
know that the bond issue would come
under this administration, it should
not have been necessary to even under
stand how 1t could be brought about.
The fact Of the Morgans, Belmonts and
Rothschilds having been heavy con-
tributors to the fund that placed Nc
Kinley in the white house under Mark
management should have been
sufficient guarantee that they would
be remunerated. The day Of payment
may be postponed, as a matter Of
policy, until after the election Of 1898,
when an attempt can be made to charge
1t to the evil effects OF the election Of
Democratic house. And a Democratic
Congress will be powerless to prevent
the perpetration Of the outrage, for this
administration will not hesitate to fol-
low the precedent set by Cleveland,
Wall streets henchman, in making
use of an obsolete statute, never in
tended for such purpose, to carry out
their contract with Morgan & Co.
That bonds will be issued Is as certain
as that the trusts will dictate the tariff.
And the pretended necessity for their
issuance will be made an argument
still following Clevelandism-for the
retirement Of the greenbacks and the
placing of cur finances directly under
the management Of the financiers.
CLINT ]. LEIGH.
POINTS FROM THE PRESS.
Evorv hnn 0rv rhiI1 a. o~ l., ,dl>A,..S