Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1897-12-15

The Presidents message seems to
have aroused the criticism, as it prop
erly should, of even his Republican
brethren; and it is significant to note
that the distinguished chairman of the
committee on banking and currency
has taken occasion to criticise it in
manner strangely familiar to the evil
dent intent of the trainers of what is
known as the Omaha Platform.
Mr.. Walker, (Rep.) the chairman re-
ferred to, says: ST fear the message
is not sufficiently specific and does not
60 far enough to relieve the situation.
1t does not recommend that anything
shall be done until the revenues shall
exceed the expenditures of the govern
ment, which may be many months in
the future, and is far from immediate
action. Secondly, the recommends
ton that greenbacks be not paid out
except for gold, when once redeemed
in gold, if enacted into law, would en-
able one man with S10O,O0O,000 in
gnu Vi 1A~
treasury and then depositing the gold
in the bank for greenbacks and repeat
ing the process 346 times, to retire the
whole $346, OOO, 900 in the time it would
take him to oscillate between the sub
treasury in New York and his confed-
crate broker. The recommendation
that banks be required to redeem their
notes in gold, with no other provisions
of law, would cause every bank in the
country to surrender it's circulation,
and then what agency would keep the
country on a gold basis"
That is it, only not all of it. 1t
could have been safely stated that the
"oscillating" process can be resorted
to, and has been resorted to in more
instances than one, since the day the
secretary of the treasury violated his
manhood and the confidence and re-
spect of his country, submitted to the
demands of these oscillators, and
placed the United States treasusy on
an abstract gold redemption basis.
Since that time it has never been
considered a vexing problem for a
man with 500, OOO, 900 in either green
backs or silver, to demand and receive
from the treasury its face value in
gold. The amounts thus Withdrawn
can only be replaced by an appeal to
these same "oscillators" to return the
g. 80
bearing bonds.
These greenbacks, so received by
the government from the oscillator in
exchange for treasury gold, are re-is-
sued for current obligations, and it is
but short time, under our prosperous
system of speculation, money DONNA
ton and governmental mismanage.
ment, until our 500, OOO, 900 patriot has
another pocket full of these re-issued
greenbacks, and can repeat the pro,
cess at his pleasure.
Just how this administration pro.
poses to remedy this evil by redeem
ing $500, 100000 in greenbacks with
5000, 0o0, 900 in available gold, and by
extending to national banks the func
ton of issuing bank notes, also re-
deemable in gold, is hardly apparent
When our 500, O00,O 900 friend has
oscillated a few times, and has pre-
sented the government with green.
backs in exchange for all the gold in
sight, we should have been informed
as to the exact process by which our
national banks would be enabled tC
produce the gold, without a resort tc
the osclllator, in redemption of their
demand notes.
This theory is Respondent with two
great and salient reforms: First, il
would place all our available gold, as
well as all our banks, in the immediate
control of the money manipulators OF
this country and Europe, and, Second
it would take from our circulating
medium 5000, OOO, 900 incurrency; or
as we contend, practically all the mon.
ey now in circulation.
If our banks can issue their notes as
the circulating medium of the people
without the ability to redeem them in
gold, whether they are made so re-
deemable or not, why not the govern
ment? Is it craftsmanship to assume
that the fiat of national bank is pu.
perior to the plepge of 10000, 900 Amer
leans to pay their just debts? Is the
standard of American honor to be
measured by the ability of SIS, OOC
national bank to redeem its fiat obliga.
tons in pet metal not available, and
not in existence in sufficient quaint
ties to so redeem?
The dollar of the future should be
the dollar impossible of control by the
manipulators and spectators in mon
ey as a commodity, and it should be
redeemable in the knowledge of the
American citizen that it can be ex
changed for one dollars worth of the
necessaries of life.
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Even among those who, by nature
as we'll as by inclination, are destined