The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-05-20
WHAT OTHERS SAY.
BONDS AND GOLD VS.. OUR COUN
TRY.

Norfolk Pilot and Virginian.
The Richmond Times desires the gov
eminent to issue S6O0,000,000 of bonds
and so strongly is it hell-bent for bonds
and gold only" that, though the Senate
Finance Committee has shown how all
necessary war funds can be obtained
without bond issue at all, by ISSUING
$50. 100000 of greenbacks illegal tender
treasury notes, receivable for all dues
public and private) and coming the sill
yer bullion seigniorage now in the Trea-
sury, amounting to $42,000,000, it dc.
clares, in it's issue of last Saturday. rs
follows:
"We hope most sincerely, and doubt
not, that the House will stand firm and
leave the government without revenue
with which to prosecute the war rather
than agree to the destructive measures
of the Senate. Let these gentlemen on
before the country with the RESPONSE
bility of starving the government while
in the throes of war"
Compare the first of the above sem
fences with the second. 1t wants the
House to defeat the Senate bill provid,
ing the necessary revenue, and truly
says that the House will thus 'leave
the government without revenue with
which to prosecute the war; and then
in its next sentence seeks to fost this
responsibility on the Senate ''of starry
ing the government while in the throes
of war" There is a proverb that GER
tain persons should have good memo
ries but when a journal cannot keep
from being so preposterously incon-
sistent in two adjoining sentences, it
ought to stick to the truth closely when,
as in this instance, it has first express
ed it.
Yes, as the Times well expresses it at
first the House, by defeating the Senate
substitute for the House bond issue bill,
will leave the government without reve-
nue. to prosecute the war;" and so insane
ly and perversely bent on bonds and gold.
is the Times. that it would betray and
wreck its country 'in the throes of war
rather than that it should secure neces-
sary funds by any other means than
bonds, or by issuing any other money
than gold. 1t is blind and mad.
What better security for paper money
than our own government? What better
money than greenbacks, now in current
use, and which, full legal-tender, have
proved that in war and peace they are
as good as gold or silver?-more current
and acceptable with the people las every
body knows) than gold. And yet such is
the lodged hate of the Times for every
thing that will tend to make government
and the peoples currency independent
of the bond and gold brokers and sharp
ers and sharks, that, rather than let us
be relieved and saved by constitutional
silver, and government notes. that are
quite as good as its bonds doth equally
secured by the government it would pre-
fer that our country should be dishOnOred
and ruined in this war with Spain.
But perhaps this is only a pretext.
The Times and the New York Evening
Post, and the other pro-Spanish sheets,
opposed the war from the first.
But, preteXt or not, the position taken
By the Times, however worthy the New
York Evening Post, and other pension
aries of the Rothschilds, is grossly dero-
gat0ry to its birth. character and ca
pacity. and should be abandoned with all
decent haste.
Our Country: May she always be right;
but, right or wrong, our country.
That only is patriotism.