The representative. [volume] (St. Paul, Minn.) 1893-1901, 1898-05-04

lies, trusts and pools. but will see to it
that the burden of the tax falls on the
great plain people who are least able
to bear it. If by any hook or crook
congress does impose such tax, Mckinley
will never put two other figures on the
supreme bench to make the tax consti-
tutional. Mckinley is too nice a man
for that. So much nicer than
Lincoln under like circumstances. Or
is the secret in the fact that Lincoln
stood for the people, whereas Mckinley
stands in with extreme wealth and the
money lender?
If the sinews Of war are provided on
the gold standard plan, that makes gold
fight the war and therefore gives it en-
ployment. 1t does not have to go into
hole and pull both hole and the pur-
suer in after it, as happened to both
silver and gold in the civil war; But the
only consideration on which the money
lender will put gold into the war is that
the government stand between them and
all danger, that is, give bonds for it and
interest for its use This, of course.
would be all right if the government was
bound to have the gold, which thing it
will be bound to have If it raises revenue
on the gold standard plan 1t would be
nonsense for the government to issue
greenback and coin silver if it must at
in ~
borrow gold, and give bonds for it, for
redemption purposes, it had as we'll give
the bonds for the gold at the start. True
the money lender now proposes to take
short time coin bonds, feeling confident
that they must be converted into gold
bonds when due and the professional
money lenders demand it as a condition
of removal. Beside, under the gold
standard which the bond plan of raising
war revenue will invariably fix ON the
country, coin and gold bond are the
same, coin meaning gold by the definition
of that standard. Bonds calling for
coin which the government must re-
deem in gold would be discounted only
with the bother necessary to take the
silver in the nearest sub-treasury, if sill
yer should be paid them. And we see
not wherein the government would be
benefited in paying silver or greenbacks
for bonds if it must at once redeem these
in gold.
But there is bimetallic plan of rails
ing war revenue. What that plan is and
how it works we may know unerringly
by remembering the civil war, if old
enough, and by studying it if we are not.
True, very undesirable results followed
that plan, such as the conversion of cur
rency bonds into coin bonds, the retire
ment Of too many greenbacks, the bond
Ing OF others and the sllrreptitious act Of
'73. These things come after the war
and were not the legitimate outcome of
OF the selfish Vaccinations of the same
the bimetallic plan, but were the results
money lenders who would now retire all
silver and greenback and convert all
bonds into gold bonds. But "all the
people are not fools all the time," and
the Vaccinations, successful after the
civil war can't be duplicated after the
Spanish war. Yet the money lender,
made bold by past success and encourage
ed by the fact that Mckinley is now
president. and not Lincoln, demands that
this war begin with coin bonds, whereas
the civil war ended with nothing worse
than currency bonds. But we are meet?
with the old law times and conditions
have changed" Yes. the friends of The
people controlled the Republican party in
the civil war and the money lender was
timid for the want of friends and from
inexperience; the party is now controlled
by the friends of the money lender and he
sees not why he should not demand the
whole earth. But will it be safe for the
Republican party to give in to him? big
court comes on this fall and again in
1900
The financial fight protruded into this
war between concrete or practical fight
between the money lender and the tax
payer, or the bond plan and the cur
rency plan, Of carrying on the Spanish
war. Both bonds and currency in the
final analysis rest for their value on the
resources Of the country and the sta
billy of the government. The only way
that either can be paid on cancelled is
by taxation. One is THEREFORE as safe as
the other. The recommendation of the
currency plan to the people is that it
costs them no interest and that they, as
the holders of these "bonds," need
be in no hurry to cancel them by tax
alton. If the volume becomes too large
they will convert part into currency
bonds as was done in the civil war. But
will pay these bonds in currency. fur
nished by taxation, as was not done after
the civil war. They will see no reason
outside the money lenders cupidity, for
changing these currency bonds into coin
bonds, and later on into gold bonds.
They will see no particular occasion to
strengthen public credit" when the urg-
ent occasion for it's use has gone.
On the other hand the bond plan of
raising war revenues Is most vital to the
money lender. It keeps his money out of
the hole by giving it employment and in
snCf Gov