People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1898-02-10
Very Cunning.


It's peculiar way the Monitor
Press has of getting around the force
of the record its party was driven to
make on the gold standard issue last
week. 1t says "the TELLER resolu-
ton was cunningly worded but was
in effect.an endorsement of the doc.
trine of free coinage, and was so un>
derstood on both sides" Strange.
isn't it? The Teller resolution was
an exact copy of the Matthews reso,
luton of 1878. Stanley Matthews
was an able Republican from the
state of Ohio but he never had any
reputation for being Cunning" The
resolution never assumed cunning
ness" until the Republicans had
faced about on the silver question,
then it, was really cunning" in old
Senator Teller to catch them in their
own trap.
Speaking of this:.matter the Wich-
ita Eagle says editorially:
Capital seldom falls of its interest,
its principal" being The best dollar Ia
the market. Periodically The propo-
sltlon comes up that the bondholder's
principal and interest calls for gold.
Every succeeding United States
treasurer finds it necessary to affirm
his belief thai the credit Of the gov
eminent can only be maintained bv
assuring The bOndhOlder that he shall
be paid in gold. The reason for this
Is, The law reads payable in coin"
and no congress has dared TO Change
it TO payable in gold" Congress
tried 1878 to settle the question for
good, out Carlisle came along in time
with the declaration that ifit became
necessary he would redeem silver nnI.
lars 10 gold. In 1878 congress nassed
the Matthews resolution for the mn
pose OF settling the controversy for
Bill Time But 1t won't remain settled
because of the principle" of the
principal referred to. And 81 Mr.
Gage has forced the issue again
Inc Matthews resolution of 1878
which was passed by an overwbelming
majority, after reciting the facts in
the controversy, and citing the terms
OF the Jaw under which the issue was
mace, goes on to resolve THAI all the
bonds issued by the United States
Issued or authorized TO be issued nm,
der the said act Of Congress bereinhe.
lore reclted, are payable, principal
and interest, at the option of the GOV.
eminent OF the United States in SiI.
yer dollars of the coinage of the
Unit''t States, containing 4l25 grains
each "f standard silver: and that to
restore to its coinage such silver
coins as a legal tender in navment of
sald bonds, principal and interest. is
not IN violation of the public faith
nor IN derogatiOn of the rights Of the
public creditor" '' VI V"0
The record of this action can bo
Iound IN the Congressional Record
volume 7, part l. Forty. fifth CONGRESS
second session, page 564, and it ought
to settle the question.
The Monitor Press will remember
mat this resolution dates back TO
the time when the Republican party
was on every occasion denying the
SOFT impeachment that it was tend.
Ing toward the gold standard, and
was protesting ''too much" that if
was "the only friend of silver "
lnat was when the party maintained
mat II man contracted to deliver
SO many bushels of corn in the tu.
ture at Sl'OO per bushel that It was
the buyers misfortune if the price
declined one-half and the sellers
good fortune, and that 10 be honest
the seller would not necessarily have
10 give the Spectator wheat instead
Vi corn Now the "grand old par.
~" says that to comply with the
contract literally would be robbing
the Spectator, and hence it favors
delivering wheat instead of corn
gold instead of silver. Since silver
buys relatively as much of the pro.
ducts of earth as it ever did. and
since gold buys twice as much as
formerly we advise the people to
look out or by the aid of this great
party they will be the fellows who
will get robbed.