Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1898-02-26

But one of the largest New York City
papers with circulation of 100000
looks at it seriously, and has the fol-
lowing which has attracted congress,
and NAV cause a law passed compelling
national banks to receive any money
that has government stamp on it.
Here is an article:
BANKING OBJECT LESSON.
"a resident contemporary draws
strange moral from a Kansas Incl
pent: The Yost Milling company,
wheat buyers at Hays City, being
at outs with the local bank. (and
only one in that city imported
thousands of silver dollars from the
United States sub-treasury at st.
Louis. These he paid out for wheat
to the farmers who had been deeply
infected with the free silver craze
and had been Jealous supporters of
Bryan a year ago. it being the only
straight democratic county in that
state. 1t was Il common sight to see
farmers going around carrying a
wheat sack containing 500 to 1000 sill
yer dollars, and paying their pills
that county having raised last season
two million bushels of wheat. many
farmers having $500 to 5000 bushels
on their farm. The local bank First
National) refused to exchange gold or
greenbacks for the silver, or to accept
the Mill company as a depositor, and
the silver dollars became drug. No
body wanted silver and men Who
wished to pay off mortgages found
they could not do it with silver dollars
and paper and gold went to a pre-
MUM.
For two months Hays City had a
practical illustration OF silver mono
metalism. gold and paper disappear
ing as it were by magic to give place
to less desirable currency
The banking paper thus comments
on the above;
1.-The real nut of this Hays City in
cident is not that silver caused green
backs and gold to disappear but that
Il national bank had the power and
audacity to interfere with the legal
operation of the monetary system of
these United States and refuse a lead
ing business corporation mot private
individually from doing business with
a national bank. Congress has de-
creed that silver dollar is as good as
d greenback dollar or gold dollar or
any other kind of dollar coined or
printed or stamped in this country
All political parties Endorsed this
equality scheme and every federal adj
ministration sustains it. Yet across
roads bank sets at defiance all laws, all
usages. by refusing the silver dollar
its lawful rights.
The question of free coinage of sill
yer has no more to do with the Hays
City episode than the statute of limi-
tations mas to do with the rise OF the
tide. The election of William Nc
+ hinley in 1896 settled tie free coinage
OF silver question, for the time at
least. What The United States is
concerned in IS whether bank is big
ger than the United States. Ii the
Hays City banking concern can over
turn our monetary scheme in its
neighborhOod, what is to prevent the
banks in every other city and town
doing the same thing in theirs?
And if they all had the same disrc-
gard for common sense, what power
on earth could keep this country from
perpetual state of panic?
And after all of the above the anus
ing part of it is that Ed. Madden, the
president of the bank, is a rank free
Silver republican, and John j. Ingalls,
is d large stockhOider.-Iiays City
Free Press.
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