The midland journal. (Rising Sun, Md.) 1885-1947, 1899-06-02
Too Much Gold.


The antics the "bugs" are playing over
gold just now are too amusing. 1t is
given out from Washington that the u.
S. Treasury is suffering from an over
supply of gold The gold is paid out in
salaries to the clerks but it comes in faster
than it can be paid out.
The legal gold reserve (?) is 500, ooo,-
900 and the treasury has $I23, ooo 900
above that, SO reports the Comptroller
The fact is there is 10 law whatever for a
gold reserve of 500, 900, 900 or for any
,um. But having INDUCED this fiction so
long the 'bug" writer's now state it as
fact.
Another story of like import is given
circulation by the Director of the Mint,
who reports "big increase in gold pro-
duction." The Director has been repeat
ing this story every month or oftener for
some time past. The very latest of these
predictions from the Treasury Department
at Washington, published in the Phila-
delphia Press, one of the chief organs of
the gold trust, is
The Treasury officials figure that with the rate
of increase continuing, the year 1900 will show
gold producti, Of SlcO,OCO 600. OF this it is est
mated that SG5 100000 viii be required for the arts
leaving $685. 900, eco available for use as money.
OF the gold production in 1896 S13S, 600 600 was
available for monetary uses, and the coinage
value of the silver produced that year was S2l7-
AZ, 900, Of which $4,000 GOO was available for
monetary uses. 1t is estimated therefore, that of
the gold and silver produced in 1896 S2l3 900 900
| could have been used for money if there had been
free coinage of silver This is So 900 600 less than
the amount of gold alone which it is estimated
will be available for money uses next year.
The Treasury officials regard this condition as
presenting question which Mr.. Bryan will have
some trouble answering next year if he still
breaches the doctrine he did in 1896 that there
was not enough gold in the world to supply the
demand for money.
Where the official figures" for this
increase of gold come from or who sup
plies them, on which predictions are
based, the Washington officials do not
state. Evidently the most of them are
trumped up by the Jews of London who
own the main gold mines Of the world
and report what they please, and every
body knows what these people are, not
likely only, but sure to report, which is
anything that will serve their interest.
The object of this great increase in gold
reported, but not taking place, is to per
suade the public that the output of gold
IS go great and the increase so rapid that
there is 10 necessity for the remonetiza-
ton of silver to supply the worlds needs
Tor money; there will soon be more than
enough gold for the purpose. A little
while ago the bug organs told the
people the cause of declae in silver was
its over production. Now they tell us
there is more gold produced and going to
be produced, than silver Why don't gold
decline? Ill place of the above facts
even if they were true, presenting
question which Mr.. Bryan will have some
trouble i'll answering next year." they
rather confirm all he and his party con-
tend for; namely, that the country needs
more money, and that all the gold and
silver the mines are capable of producing
are not sufficient to supply the demand
This predicted" output of gold is not for
onescountry's use but for the whole world
AS if to confound their own statements
the banking party is leaving no effort
untried to secure special privileges 10
iceua unlimited o.,ou,,Ie &c d.. 49,.
currency to supply the constant demand
for more money.
Clearly these gold stories given circula-
ton from Washington are intended for
election purposes next year, the object
being to humbug the people into belief
that gold is increasing SO fast that there
will be money to burn, and no need for
the reconciliation of silver. We appre-
bend that few people with fair share of
common sense will be deceived by these
treasury gold yarns. If they were any.
thing near true the great debt and bond
holders of the world would be frantic with
fear of the increase of money "depreci-
ating" the gold obligations" they hold.
Prices of property would rise and debt
fall. The wealth Of the gold trust would
begin to slip away from them by the in
creasng rise in the value of property
The discovery of gold in California
frightened that class into panicy CON
dition, but the increase of gold by the
United States Treasurer and Director of
the Mint don't scare them worth cent"
n n INK about your health. Do no
allow scruluIa tnints TO devclnn in