Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-06-03

when restored, and to retard by an ar
tifcial demand the restitution Of pari-
ty. Were it not for this / would say
that no man need hesitate to-day if re-
quired by his creditors to make note
or bond payable in gold, for if silver is
not restored he will have to Fay in gold
anyway, and if silver is restored it will
be practically as easy to pay in gold as
in silver or paper based on coin re-
demption.
wish to conclude as l commenced
by emphasizing the proposition that
the silver controversy derives its chief,
almost its exclusive significance, from
the relation of debtor and creditor.
The project for destroying silver as
standard money was inaugurated by
the creditor class, that is the holders Of
long time, interest bearing money OBJ
legations, national, municipal and cor
porate, and it is in their interest and
by their efforts that the ot has been
developed and is now being urged to
final consummation. 1t is only neces-
sary to consider the SAC, 900, 900, 900 Of
such Indebtedness which l have shown
to have been contracted on bimet allie
basis to understand the stupendo us
magnitude of the scheme for doubling
the purchasing power Of the money de-
nominations in which such obligations
are made payable. Its success must
result in a general confiscation of the
property of debtors and impose upon
industry tribute fatal to its indie
pendence for an indefinite period in the
future In justification of this scheme
of spoilation nothing has been, or will
any pretense of justice can be urged
except that the debtors had contracted
to pay under a single standard of gold
and were therefore morally bound tC
submit to the consequence, however
disastrous, of this agreement My pur
pose has been to expose the falsehoot
of this assumption. Some debtors have
agreed to pay in gold, but no debtor il
the United States has agreed to pay un
der gold standard. No principle o
honesty or honor binds any such debt
or to advocate or accept gold stand
ard or to refrain from opposing with al
his energy and influence its establish
ment. The charge of Reputation 81
persistently reiterated by the organs o
plutocracy against debtors seeking TIN
restoration of silver is baseless cal
jimmy. Reputation can only consis
in refusal to perform that which on
has agreed to perform. l challeng
any one of the slanderers making thi
accusation to specify any existing deb
from citizen of the United State
which by virtue of the terms, or tn
time, or the surroundings of its crea
tion requires, either in law or by an,
refinement of ethics, that it should b
discharged under single standard o
gold. There is no such indebtedness
This talk about the equity of securitie
and the implied obligation Of debtor
is hypocritical cant. Let every debto
do just what he has agreed to do.
he has agreed to pay in gold, then lie
him pay in gold. If he has made an.
private agreement in respect to none
standard, let him stand by the agree
ment, but in the absence Of any sue
contract let him understand that il
law and conscience and honor he is fire
to resist, BY every effort open to a
American citizen, the infamous schem
ofrobbery which, by change of none,
standard, is to double the burden o
his obligation. C. J. HillyeT in Silve
Knight.