The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1898-03-01

8400A III 0Q403 AOE NQGLN
years would be, he calmly informs us
that the national banks will probably
secure a suh sient amount of money to
prevent this enormous suffering
Toe national banks are not to be re
quired to redeem their notes in gold,
but it is urged that the United States
government shall do SO on demand;
and as it has done so, the government
must be content to have the national
banks reimburse it in any kind Of
legal tender money at the option of the
banks We are frankly told that law
full money will be made relatively
scarcer than it is now and that it is
intended that under the operation OF
the bill it will be easier TO get gold than
lawful money Practically all Of the
money In the hands Of the people now,
as the Secretary distinctly admits, is
silver, chiefly In the form of silver Ger
TIFF rates The purpose of the bill is to
make it hereafter more diff cult to get
these than gold"
GAGE AND THE COMMISSION
"The monetary commission, selected
by the executive. committee Of a self.
constituted Indianapolis convention,
which assembled for me express pur
pose of establishing the gold standard,
have also made q report and prOmuE
gated a bill, the provision Of which are
so striking alike that proposed by the
Secretary Of Treasury, in all material
PARTICULARS as to suggest that they
were compared before either was given
to the public. This report and bill is
more bold in the assertion OF the pur
pose entertained than is ever the pro
position of Mr.. Gage. These distinctly
propose that silver dollars shall not
hereafter be coined; that standard sil
yer dollars shalt be redeemed In gold
that the silver bullion on hand at pres
emf shall be sold, and suggest that sil
yer dollars may also De melted down
and sold as bullion. We are assured
That the banks cannot fail TO be safe
because being based upon all the re
sources of all the banks issuing tnem,
they are based upon the whole business
of the country"
TO CREATE MONARCHY.
Certainly no Oank Will become liable
for the notes issued by another bank,
over which it has no control or super
vision; hence this scheme must conEem
plate d establishment Of some central
OaDk with authority 60 have absolute
con .rol of the issue Of all paper money,
q great bank trust, pool, or syndicate,
with powers such as no man has ever
before had the audacIGy to suggest.
This committee has called upon com
mercial bodies all over the country to
assemble and endorse their step. Thus
the people are put upon full notice OF
what is intended, and Of the means Of
It's accomplishment. Considering all
this, Is il any wonder that the Specta
COR, one Of the great English neWspa-
pers, should say, as it did somem months
SINCE: Being audacious beyond any
Old World experience, the great CAPT
Galists of America are determined to
capture free opinion and to prevent
crlticIsm. They subsIdlze pnlpits, they
BUY the press, they use all their well
paid attorneys in the United States
Senate, and at length they stretch their
hands over the colleges, which it is
easy TO capture by examples Of gener
Osity. Thus their design is to prevent
any effective action which shall in any
way weaken their authority or under
mine their position. Their object a
not De more wealth, for they already
enjoy wealth beyond the dreams of
avarice. Apparently their intention is
to convert the United States into q
powerful monarchy yer other lands"
THE DIVINE RIGHT OBJ MILLIONAIREs
1t Is reserved for the free West to
dismiss from academic service the
tried and competent teachers at the
bidding of a ring Of ~millionaires, who
Will not hear one single criticism or
question of the justice or necessity of
their claims or of the character and
tendency of the trusts they have built
up with the aid and at the expense Of
the public. The divine right Of kings
is to be succeeded by the divine right
of millionaires, who are to run every
thing, including the Senate and con
science and intellect of university pro
~fessors. It is none of our duty to say
how the American people shall deal
with the portentous growth of that
money power which overshadows the
institutions of the republic but we
think that the rich men Of America are
ravealip0 s1ch a deadly Mot against all