Gilpin observer., 1899-12-21

having failed to be promoted steps
are now taken to insure that the gold
standard shall be preserved
Ihe present bill preserves 1t with
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 redeemable in anything, con-
sttute 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 ma
10 De Teuuteu anu tut
amount of the bank currency they may
issue on government bonds deposited
Is to be increased from 80 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 $SOO,O ,OOO,-
900; 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
| wilf be toward 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. If 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 so had you
believed your party destined so soon to
| be the agent of the forces that now
dominate it. Millions of you We're BIZ
metalists in 1896 and remain so to-day.
Now that the promises then made are
clearly seen to have been insincere;
now that Il 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-
ton 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 it's 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 Cd.
pose to the uttermost the present ten
denotes 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 ]. Cannon Edgar Wilson.
Charles s. Hartman. John Shafroth.
Fred II. Dubois, chairman executive
committee"