The Holt County sentinel., 1898-05-20
Democracy and Grecnbackism

Democracy and Grecnbackism.
The Democratic party ~ fast getting
around To- tiat money, AMI If will not he
surprising # the u,-Nr rational s'nnvsu-
t:nu di-rar,is FREE. ,,iv"r and comes
sguarriy out in fIys.r q! th" Sreeuback
doctrine ludced. has has haen pre-
tilrted for several months, aud II the ac
rIun uf the Democratic convention IN
this cI;y Yesterday Is any indication this
prediction viii come true. The follow
InS resolution WAS PASSED 10y III" con
yrution yesterday:
We favor IA vigorous and thorough
Prosecution uC tine war with Spain. NhIch
We believe has been already too long de
layri. AMI tp thiS end We favor the com
age 0i the sIirer srjgn"ra,e and tine ia-
suance by tie government Of the non
interest bearing legal tender notes, which
served the union ia the civil war, for the
purpose of proviling the necessary war
funds. But We are opposed to the un
wise and unnecessary Iniilction upon the
people Of an interest bearing issue Of
bonds, which can only afford additional
facilities for their uppressIan hy the
mIuions Of Wall street"
IL the Democrats of Greene county
can remember back so far as the late
civil war they will remember that those
mon interest bearing legal tender notes
were worth az one time about 81 cents
on the dollar. In other words the scldi-
ers who we're fighting for SD Il month
received about Si.:1O month. This is
what our Greene county Democrats are
asking nov. They want to pay the men
in "non-interrst bearing legal tender
notes" which %I!l ba deprecated to
about - cents on the dollar and pay the
soldiers $50 month. This is another
one Of SPANS plans. Her soldiers get
81 Per month, and rs Il consequence they
do about that amount uf lighting for It.
But this convention, with Spanish ter-
dencieS, wants the silver seI-nnraGe IN
the treasury coined and paid out, ~
matter if it inal ihr snl.iiers down with
heavy weight OF extra baggage, and
causes them to b. captured 10y the kird
hearted Spaniards. The truth is that
whatever seignOrage is derived from the
coinage OF silver at our mints Is turned
into the treasury every month, and is
used in paying government expenses. In
the official monthly statement sent out
| by the secretary of the treasury May =
| the following, among many other inter
| esting facts. appear: Silver bullion held
| in the treasury in bars, 9g,JJl ,9ol.G0,
| This was purchased by the issue oi
United States treasury notes payable
sin c0in," OF which the following amount
| Is still outstanding, 3l02.G9l.2Sn. II
| would appear from this showing that
the silver bu!inn held by the treasury
Is worth three millions cf dollars lrss
| than the notes issued ta pay for ii.
Ii has been tie great cry of the silver
ties that to pay these coin notes in any
thing but silver would brea K Il hole in
the constitution bigger than D+wey't
guns could make in 3 Spanish ship "Ith
a hundred shots.
| On May there were in the treasur
silver dollars 20 the amount uf Sol ,:io3,
| III, bat outstanding against these wrre
silver certificates, payable in these dol
lars, to the arnpln. Il: S.i.Si .::I25 ,'1Ui. 4
that there !, not much silver n ,hC
| TREASURY available. or that can be m;G,
available, 10 buy war ships with. 10 pr
chase ammunition. clothing. forag" at
other army supplies, or naval stores, er
to pay soldiers and sailors, or any other
war expenses.
| II there is any one thing that shoulC
be, aud that viii he, avoided, in thi,
war, il is the payment of the military
and naval forces of the United States IL
deprecated currency, even If il takei
the HAIR and hide off every pro Spanish
Estate. The defenders of our nation vii
receive their full pay in gold or its cqul
valent, no matter, how much the silver
ties howl about it, and this will be tru,
of sailors or soldiers. on sea or shore
Their services to the country call 70
payment il the best money in the world
and they will get It.-Springliald Re
publican.