The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1898-02-17
OUR MONETARY SYSTEM

Is mixed arrangement, and undoubt-
edly should be simplitied. But this will
not be done by adopting Secretary
Cages plan, or that of the commission,
or the Presidents lodging suggestions.
He proposes redeeming the greenbacks,
and holding them until wanted for
gold. This is merely scheme to retire
them. The President also recommends
giving to national banks the right to
issue notes equal 10 the full amount Of
their bonds, and to reduce the tax of one
per cent to one-half. All this is dodg-
ing and temporizing, and not calculated
to relieve the people from the grasp of
the money lords.
The Democracy say let the govern
ment put things in shape and simplify
matters by taking full charge of our
monetary affairs. Never will the coun-
try have stability until this is done. The
idea of permitting our government to be
used as it has been is a reproach and a
shame. Let us get away from and out
Of the grasp of greed and abomination.
Let US have gold and silver parity by
giving them equal privileges at the
mints, and so cut of gold conspirators
and avaricious bondholders. This is
the first step toward fair treatment of
laborers and farmers and faithful citizens
who at last are the real taxpayers.
The Republican party is the champion
of the small cotorie of coupon clippers
and gold gamblers, and proclaim that
the bonds are payable in gold, though
the bonds read "coin." Thus do the
Republican leaders surrender to the
gold magnates the option of coin pay
ments. This is clear violation of the
contract and robbery of the plain
American people, Forget it not.
From July IA, 1891, to October l, 1895,
over S3j1,O0O,O0O of gold was taken
from the treasury. During the l3 years
previous to that time only S34, 100000
was taken out. The purpose evidently
is that these moneyed men intend to
control all the gold in existence and
hence they want gold as the standard
1t is scheme to enslave the people by
being able tU control all values. AS we
say, the first step in monetary reform is
to restore silver to all mint privileges
with gold. The average amount of gold
in the United States is 5000, ,000,0 900, In
few years over $500,0O0,000 in bonds
will become due at tie same time. BY
presenting this entire amount for pay
ment at once, the bankers can bank
rupt the government; and can corner
every dollar Of gold in the country. In
fact, under the gold standard, govern
ment and people, and all values are at
the mercy of our money lords and
tyrants.
The Republican party has changed
front from 20 years ago when they
voted for the Stanley Matthews silver
resolution. They voted against the
very same resolution the other day
when offered by Senator Teller. They
say conditions have changed, A poor
excuse is better than none. If these
bondholders were to consider changed
conditions, they would offer to take one
half and compromise at 90 cents on the
dollar and then have good profit on
the original investment.
The gold ring began to raid the treas.
ury during Cleveland's first term when
Daniel Manning was secretary of the
treasury. That gentleman hasttned to
New York and calling the gold raiders to
him he said:
"Gentlemen, the treasury is willing to
furnish gold for any legitimate demand,
but if you attempt to draw upon. the
treasury gold after today as you are
now doing, for hoarding or speculation,