The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-16

confiscation of the lives and liberty of
the laboring nliEl2ns of this country is
| the most stupendous crime that has
been committed in the annals OF civil
| ization. Unless q government "of the
| people, by the people. and for the pso-
| PIE mas perlshed from the earth, sure
~ the present boldly avowed scheme,
| not only to continue, but ITO increase
thCse tris, will not be permitted. In
ADDITION to this purpose Of more thor
ouShly establishing the gold standard,
me plan of the administration is to re-
tire the paper money OF the Govern
ment, To issue gold bonds. and to in-
crSase the power. privileges and profits
OF national banks.
Iht retirement of the Government
money must reduce the volume of cir
cu!atlon, and while the secretary ad
ultS 'chaIt the contraction of
the currency would be more
rulfous in two years than interest on.
like amount Cf bonds for forty years
would be,,he calmly informs us that the
national banks will probably issue a
su.icleiFt amount Of money to prevent
th!s enormous suffering.
The national banks are not to be re-
CURED 10 redeem their notes In gold, but
II Is arranged that the United States
Government shall do so on demand:
ana after having done so the Govern
iiieht must ibs coE'.ent to have the ma
t@hai banks reimburse it in "any kind
oi leSal tender money. at the ,cDtion of
me nahks, and we are frankly told thar
ih"iui money will be mada relatively
scafcer than * is new, and that il is
intended that underthc operation of tho
niii 1t will be easier to get gold rhan
iaWlul money. Practically all money IN
'he nands OF the people now, as the
secretary distinctly admits. is silver.
chielY III the form ~ silver cer;ificaras
me avoWed pulptssc of the hill is ;o
make II hereafter more difficult TO get
these than god
The Monetary Conm;cs,o,
ny the Executive Committee Of n sn1r.
constituted indianapolis convention
Whieh assembled for the express n,,r,
'osc ol establishing the gold standard
nave also made n report ana promuI-
sated IL Dill, the provisions of which
'ce so strlNinSly like the propositions
Oh the Secretary Of the Treasury In
all material particulars, as TO s,is..st =,
.n'l tneE were compared and har-
monlzed before either was giyen IN tho
rup'ic. RMS report and bill are some
what more bcld in the assertion of The
purpose entertained than is even Tho
proposition of Mr.. Gage. This distinct
~ proposes that silver dollars shall
not hereafter he coined; standard sill
| Yr dollars shall be redeemed in gold
| 'hat The silver bullion on hand at
| present shall be sold, and suggests thut
hHEcf dollars may also be melted down
and sold as bullion. We are assurnL
.hat the notes of the banks cannot fail
70 ne safe, because, being based upon
az lhe resources of all the banks is
SUNG them. they are based upou I'M,
Mnoie business of the country" Ger
taifiF no bank will become liable ro-
me notes issued by another bank oyc,.
Wh!ch 1t has 10 control or sllpcryision
nchce THIS scheme must contempIata
TIE establishment of some central bnnl;
"e'noIl'S' having the absolute control
"t me issue Of all paper monev-n
StGat pahk trusts. pool or syndicate
win powers such rs no man has ever
before mad the audacity To sugresi
mis- committee has called upon com
l'iert!al podles all over the country 10
aSSeinhic ard endorse their report.
mus the people ure put upon full no
@ - Vi Wnat IS intended, and OF the
| means OF it's accomplishment
| considering all this, is ii any won
| DER That the Spectator. ono of the great
r.nEtlSh newSpaperS, should saw. as II
"ta some months since: Being auda-
ci0Gs beyond any old world experiences
me GleA; capitalists of America are
| determined to CHpturc free opinion and
! to prevent criticism. Thev subsi,Iizn
(
thcir well-pa!d attorneys in the United
states Senate, and at length they
! Slfetca their hands over the COLLEGES
Wh!ch Ii Is easy 10 capture by exam
! pies OF generosity. Thus their dcsien
IS to prevent any effective action
| which shall in any way weaken their
auLhofity or undermine their position
! lEe'f object cannot be mere wealth
making. for they already enjoy wealth
| ueEond the dreams OF avar!ce Appar-
| emily their intention is FIRST To convert
! me United states into 4 powerful
"ligarchy over other lands 1t is re-
! served for the free West to dismiss
! from academic service tried and com
! hetGnt teachers at the bidding OF rings
81 mi!t!"naireS who will not hear one
! single criticism or questioning Of the
| justice or necessity of their dOiucs or
oi me character and tendency of the
| trusts they have built ilp with the sid
ana at the expense of the public The
| divine right Of kings is to he sue
| ceeded by the divine right of million
! ancS' Wfo are ia run everything, IN
ciuoih% the American Senate and the
! conscience and intclicc: of university
! professors. 1t is none of orr duty to
! say how the American people shall
| ueai with the portentous growth of
! tHat money power which nYcrsha dows
| the institutions of the republic Eu;
| we ihink trat the rich men OF America
are revealing such n deadly plot
| "S' az, INST al genuine public freedom that
! uHicSS We are mistaken. the apeniuc
| years of the new century will witness
an "utburSt in the West which Will
! amaze the civilized world"
IN vicw oi The gred; principles in
iyoived and OF the danger so close at
! h'nd We urge the people everywhere
to rouse themselves. nd at once take
s'cpA !" save themselves and their chill
"'en rom me letters now being openly
| fnrnaI 70 hind iin,n, = -