The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1899-01-20
A WORD OF
The Purposes of the Money Power.

Inc purposes OF the. Money DOWefs
The money power fears the result
OF the election Of 1900. 1t realizes the
truth CT the statement made by Bis
narck a few years since, that the
American people alone possess the
power to cope with and overthrow it.
So great Is the power of this world
wide creditor combination that the f.
nance ministers of every great ma
ton OF the world are its agents n
tools. 1t is composed Of the Shy
locks, u%surers, and interest-gatherers
OF all nations, is selfish, cold-blooded
and unpatriotic. It's plotting knows
no abatement, says the Silver Knight
Watchman, in time Ct war or peace.
WITH resources, the magnitude OF
Which almost staggers the imagination,
1t Is able to substitute newspapers and
polltlclans to appeal to people employ
ing terms of the highest patriotism
II morality to conceal from view
their real purpose. Campaign funds
are furnished by then to elect to OF
nee tAl:c whose votes are bartered to
them in advance.
SlAppcu oA =
Gle IN the Washington Evening Star
of the 18th instant. reveals their pur-
pose at the present time:
The country was never so we'll u p
piled with gold as at the present time.
n some of the treasury officials be-
lieve that the moment is ripe for fore
ing gold coin into actual circulation.
Whether this Is advisable or not IL ia
probable that Secretary Gage will rec
ommend to congress the retirement of
a considerable block of the greenbacks
by the payment of geld coin for their
redemption. This course might be cri-
ticised as tending to produce contrac-
ton of tho currency if it were not ac-
companied by provision for a larger
Issue of bank notes upon general as
sets. The release o. 500. 100000 in
gold from the treasury, leaving $780,
coo, 600 still available for the redemp-
ton Of a reduced qlentity of paper.
might afford the basis for the issue Of
$500, 000, 900 in bank notes If such an
issue were required by the business
necessities of he country"
Here the treasury officials are repre-
sented as plotting for the destruction
Of the panic-proof money of govern
ment to make room for the panic
breeding issues Of tho banks. The
Democrats, Silver Republicans and
Populists contended that an issue of
bonds to carry on the wal was not nec-
essary, and recommended an issue OF
legal tender notes. Their attitude was
denounced as unpatriotic. The Repub-
licans and the Palmer and Buckner
Democrats forced an issue Of bonds.
Now we are told the treasury Of
ficials are plotting to do what? Stop
the delivery Of bonds, because the
treasury is filled to overtiowing? No.
But to use the proceeds Of the bonds
to retire the 100, O0O, 900 of greenbacks.
handing the gold out to banks to be
used as a basis for AGO, O00, 900 Of bank
notes.
Was there ever such a monumental
example OF brazen audacity, such an
insult to intelligence CT a brave peo-
pie?
Would it not be more patriotic and
to the point if the treasury officials
were planning to do away with the
war tax that is harrassing the people
at this time? Would it no be more
agreeable to know bat the secretary
was preparing a recommendation to
congress to repeal thu war tax, which
can and ought to be done as soon as
congress meets If we have in the treas
ury 500, 00O, 600 more than is needed
there.
When the Nicaragua canal PROPOSE
ton comes up in congress it will be
accompanied by a Lond proposition.
But the treasury officials are not plan
ming to use the surplus in the treas
ury for the building of the canal or
the strengthening CT our navy. No;
war taxes and bonds and bank notas
engage their solicituae.
We warn the people to look sharp
to coming elections. If they show in
difference the politicians will turn to
the banks and servo them. If they
show a determination to protect their
own interests and make a vigorous
campaign and turn down the minions
Of gold monopoly aud banks, politi-
clans who would otherwise serve the
banks will fear the wrath of the peo-
pie and serve their interests. The
signs of the times are suspicious. The
opponents Of gold monopoly are unit
ing. Let each n dc his part and a
glorious victory for the people can be
achieved and sunshine and prosperity
be brought to every home in our land.
and the rainbow of promise be made
to spar the world.
A Large Grab.