Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1898-03-03

1.-THE national banks are not to be
required to redeem their notes in gold,
but it is arranged that the United
States government shall do on demand;
and after having done SO, the govern
ment must be content to have the ma
tional banks reimburse it in any kind
of legal tender money at the option OF
the banks
"We are frankly told that lawful
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 distinctively admits, is silver,
chiefly in the form of silver certificates
The aVowed purpose of the bill is to
make it hereafter more difficult to get
these than gold.
1.-The monetary commission, selected
by the executive committee Of self
constituted indianapolis convention,
that assembled for the express purpose
of establishing the gold standard, have
also made report and promulgated
bill, the provisions of which are so
strikingly like the propositions of the
secretary of the treasury in all mater
ial particulars as to suggest that they
were compared and harmonized before
either was given to the public. This
report and bill are somewhat holder in
the assertion of the purpose entertain
ed than is even the proposition OF Mr.
Gage. These distinctly propose that
silver dollars shall not hereafter be
coined; that standard silver dollars
shall be redeemed in gold; that the sill
yer bullion on hand at present shall be
sold, and suggest that silver dollars
may also be melted down and sold as
bullion. We are assured that the notes
of the banks can not fail to be safe,
because, being based upon all the re-
sources of all the banks issuing them,
they are based upon the whole BUSH
ness of the country Certainly no bank
will become liable for the notes issued
by another bank over which it has no
control or supervision; hence this
scheme must contemplate the estab-
ishment of some central bank author
ity, having the absolute control OF the
issue of all paper money-a great bank
trust, pool, or syndicate with powers
such as no man has ever before had
the audacity to suggest This COM
mittee has called upon commercial
bodies all over the country to indorse
their report, Thus the people are put
upon full notice of what is intended,
and of the means of its accomplish
ment.
considering ali this, is it any Won
der that the Spectator, one of the great
English newspapers should say, as ii
did some months since:
Being audicious beyond any Old
World experience, the great capitalists
of America are determined to capture
free opinion and to prevent criticism.
They subsidize pulpits, they buy the
press, they seat their well.pnid Attor-
neys in the United States senate, and,
at length, they stretch their hands
over the colleges, which it is easy to
capture by examples Of generosity.
Thus their design is to prevent any ef-
fective action which shall in any way
weaken their authority or undermine
their position. Their object can not
be mere wealth making, for they al
ready enjoy wealth beyond the dreams
of averice Apparently their intention
is first to convert the United States
into powerful oligarchy and then to
extend the sway of that oligarchy over
other lands.
SIT is reserved for the free West ia
dismiss from academic service tried
aud competent teachers at the bid
ding Of rings of millionaires who will
not hear one single criticism or ques-
tioning of the justice and necessity oil
their doing, 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 milliouaires, who are to run every
thing, including the American senate
and the conscience and intellect of I'M
iversity professors. 1t is none of our
duty to say how the American people
shall deal with the portentous growth
of that money power which overshad-
ows the institutions of the republic.
But we think that the rich men OF
America are revealing such deadly
plot against all genuine public freedom
that, unless we are mistaken, the OBJ
ening years of the new century will
witness an outburst in the West which
will amaze the civilized world.
''In view of the great principles In
volved, and Of the danger so close at
hand, we urge the people everywhere
to arouse themselves and at once to