Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1897-07-08
RETIRE GREENBACKS.
THE SCHEME OF THE SYNDICATE
PARTY.
plan to Issue $500, 900, 900 of Bonds, Re-
tire tho Greenbacks and Let the BaAks
Control the Money the Country.

the Mckinley administration who can
tell suffering public why the repub-
lican plan of currency reform, whatever
it may be, is to be postponed until the
regular session. Can anyone inform the
people why the proposed reform is to
be placed in the hands of commission
instead of being left to congressP Is 1t
because the men who are to be appoint
ed on the commission are supposed to
know more about the money question
than the republican members OF con-
gress?
II that is the case, it is equally true
that there are men outside Of congress
who know more about the tariff ques-
ton than the republicans who
can split hairs on the subject by the
hour and show no visible sign of weari-
ness.
The republican leaders know very
we'll why they want commission to
formulate plan of currency reform.
They know beforehand what the plan
is to be, and they can support it as it
comes from the proposed commission
and at the same time evade the re-
sponsibility of originating it. The
plan is already cut and dried, and the
commission to be appointed will mere
ly register the will of the New York
bankers who belong to the information
al gold syndicate.
uThe plan that will inevitably be pre- =
sented to congress by the commission
involves the most gigantic scheme OF
robbery and spoilation that has oc-
Cured since the decentralization of sill
yer in 1873. 1t involves the retirement
of the greenbacl1 and treasury notes,
the issue of $500, 900, 900, of gold bonds,
and the control of the peoples curren-
cy by the banks. That is the scheme
which the gold syndicate has formu-
lated, and it will be presented by the
commission which Mr.. Mckinley so
ardently favors.
When it comes to congress Endorsed
by the experts who are to be made
members of the commission, the ad-
ministration and the republican lead
ers in congress will give it their hearty
Endorsement, and Mr.. Reed may be de-
pended to put it through his well train
ed house of representatives in short
order. In the senate the matter will
hang fire, and we shall have repeti-
tion of the same arguments and 'object
lessons" that marked the efforts of
Cleveland and the gold syndicate to
force the repeal of the purchasing
clause of the Sherman act
By next December, the whole coun-
try will be aware of the failure of the
tariff bill to restore prosperity, and the
agents and organs of the gold syndi-
cate will declare up and down that no
economic legislation can restore pros
perity SO long as the greenbacks and
treasury notes form an endless chain"
to draw gold out of the treasury and
threaten the credit and honor of the
nation" And the syndicate will not
neglect the opportunity to give the
country an 'object lesson" in regard
TO the "endless chain" To impress
congress and the people with the ne
cessity of retiring the greenbacks and
treasury notes and of placing the cur
rency entirely in control of the banks
land to earn some profits at the same
time,) the syndicate will begin to draw
gold out of the treasury. The mem
bers Of the syndicate in Europe will
suddenly experience an intense desire
to secure more gold This will lead to
exports, and finally to the issue Of
more bonds. And these bond issues
will be kept up until the Constructive"
senate comes to terms.
But will the senate come to terms?
That 10 question that cannot be an
swered off-hand. We saw what the SEN
ate did when every incentive and mo-
tive of patriotism prompted them to re-
sist the effort of the gold syndicate to
cut off the money supply at moment
when every interest in the country was
clamoring for more currency If Mr..
Hanna is returned to the senate from
Ohio, the scheme Of the gold syndicate
will likely go through, and in order to
secure that result, enough money is to
be poured into Ohio this fall to run
national campaign.
In setting forth the plans of the gold
syndicate and its agents, the republi-
can leaders, we are not giving any new
information. Hany thoughtful person
has failed to see the purpose lying just
below the surface of republican poll
tics, it is because he has paid little at
tention to events. The question that
comes to the front now is, why does
Mr.. Mckinley desire to postpone the
so-called reform? If the republican
leaders really believe that the situation
demands the retirement of the green !
backs and treasury notes by means of
-. 4 A.