The Holly chieftain., 1899-12-22

only impossible, but undesirable. OF
course no serious negotiations were
possible after all this. The interna.
tional commission became an interna-
tional Joke. 1t folded its tent like the
Arab and silently stole away Its dis
tinguished and discounted chairman
sought early opportunity in the Senate
to explain its failure In a speech which
neither his diplomatic artifcers Of rhet-
oric nor his denunciatlor of the secre-
tary of the treasury could hide respon-
bility of the official hssd Of the ad-
ministration.
''The remainder of the program en-
tered upon at st. Louis has been obedi-
emily pursued. The International
agreement for the free coinage of silver
having failed to be promoted steps
are now taken to insure that the gold
standard shall be preserved
'"The present bill preserves 1t with
a vengeance. The vast bonded debt Of
the country now payable in 'coin,' that
Is, either in gold or silver, is to be made
payable In gold alone. Nearly half a
billion Of standard silver dollars, here
tofore not redeeInable In anything, con-
stitute q burden on either the gold re-
serve or the credit of the government,
but forming large percentage Of our
basic money, are hereafter to be re-
deemable in gold, thus increasing tre-
mendously the strain on that metal,
and thus becoming AN endless chain
with which to pull from the treasury.
and affording an excuse for the final
destruction Of the silver dollars as
money and their forced sale as bullion,
after the manner Of the German pro-
cedure in 1872. The greenbacks, the
best paper the world ever saw. the pro-
duct Of the Republican party in the
days Of Abraham Lincoln, are to be
virtually destroyed by being changed
into gold certificates, to be locked up
In the treasury and paid out only for
gold.
The tax on the circulation of the na.
tional banks to be reduced and the
amount Of the bank currency they may
issue on government bonds deposited
is to be increased from 90 per cent to
par Of the bonds; thus making their
business enormously more profitable.
opening the way to an immediate pos
sible imitation of the bank notes. not
legal tender, excellent for getting into
debt on. but unavailable for getting out
OF debt with, to the extent of $500, ,O0O,-
600; and placing the regulation of the
volume Of money, and hence the deter
mination of prices and the burden of
debts. absolutely In the power of the
banks and the creditor class. The in.
evitable tendency among these banks
will be toward n uniformity and CO.
operation Of management, the result
of which will speedily be the erection
of great bank money trust more pow
erful than all other trusts and COM
bines. and ultimately, II the Republi-
oan party should remain in power, ire
sistible and unresisted by the govern
ment itself.
THUS, fellow-citizens, the scheme we
denounced in 1896 is nearing consum-
nation. The policy that was denied
by the Republican party In that cam
paign stands now confessed. Millions
| OF you who voted the Republican ticket
In 1896 would not have done 30 had you
believed your party destined so soon to
be the agent of the forces that now
| dominate It, Millions of you were BIZ
metalists In 1896 and remain so to-day.
Now that the promises then made are
clearly seen to have been insincere;
now that consequence of the decep-
ton practiced upon your honest conf
dence. your country is about to be
handed to the ownership and control Of
the great speculative banks and their
associated trusts and combinations:
may we not appeal to you to come to
the rescue of the liberties Of the people
and their imperIlled Institutions? In
the spring of 1897 the undersigned
took the steps leading to the organiza-
tion Of the Silver Republican party,
Against the betrayers of the Republi-
canism Of Abraham Lincoln that party
resolved to wage unending war. To-
day the necessity for Its work Is more
evident than ever. Come with us and
help us. We believe that the highest
devotion to the Republicanism you
once venerated demand that you op-
pose to the uttermost the present ten
dencies of the party which still wears
the name. but has forsaken the prin.
ciples Of its heroic days.
Charles A. Towne. chairman COM
mittee: Henry NJ. Teller, r. F. Petit
grew. Frank J. Cannon. Edgar Wilson,
Charles s. Hartman. John Shafroth.
Fred T. Dubois, chairman executive
committee"
Currency Bill Passed.
Washington, Dec. 19.-The currency
/ I,tIl ,&aIx xp-h I'll H.