The Washington weekly post., 1899-12-19

the fruits Of this chicane had been gath
cred the great Republican newspapers be-
Kan 10 discard their convenient smpigui-
ties about sound money and honest
money and 10 claim the result az deh-
mite verdict in favor OF gold. These ut
terances increased In volume and precision
ar the advent OF the new administration
approached. The President also, although
not able at once 20 form the habit or dl-
rectness In speech. soon showed by MS
actions that he no longer considered the
prediction construction OF the PLATFORM
10 be binding. His appointment as secre-
tary OF the Treasury OF perhaps the most
conspicuous gold standard advocate among
the great bankers Of the country vas OBJ
yiously not especially designed 20 pro-
mole any kind OF bimetaliism. To be sure.
there was sent abroad the alleged interna-
tional monetary commission Unless the
hoax was 10 be openly confessed, this was
the least the President could do. But for
might take the procedure seriously, ne
sent to Congress In July, 1897, at the very
moment when his commissiof's proposals
were before the English cabinet. a speciai
message recommending the s0-called IN
dianapciis monetary convention plan. with
IT'S programme OF the single gold stand
ar6. retirement OF the greenbacks, and s2-
tension or the powers. privileges, ana I'M
munities Of the national banks.
Interviews Against Bimetaiii-m.
Meantime his Secretary Of the Treas
ury was declaring in interview after inter-
view. most OF which were carefully re-
produced In Europe. that bimetallisn OF
any Kind. international or otherwise. was
not only impossible. but undesirable. or
course. no serious negotiations were pos
sIble after all this. The international COM
mission became an international joke. 1T
folded its tent like the Arab and silently
stole away It's distinguished and discom-
fited chairman sought early opportunity
in the Senate 10 explain its failure in a
speech. in which neither his diplomatic
artifiees OF rhetoric nor his denunciation
Of the Secretary of the Treasury could
hide the responsibility Of the official head
OF the administration.
THE remainder OF the programme en-
tered upon at 81. Louis has beer. Obedient-
ly pursued. The international agreement
for the free coinage of silver having fall
ed to be promoted, steps are now taking
TO insure that the gold standard shall be
preserved The present bill preserves IL
with a vengeance. The vast bonded debt
of the country now payable in coin that
payable in gold alone Nearly half bill
lion Of standard silver dollars, heretofore
not redeemable In anything not constitute
ing a burden on either the gold reserve
or the credit of the government, but FORM
ing large percentage of our basic money,
are hereafter to be redeemable in gold,
thus increasing tremendously the strain
on that metal and becoming an endless
chain' with which 10 pull gold 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.
Virtually Destroys Greenbacks.
1.-THE greenbacks, the best paper money
the world ever saw, the product of the
patriotism and craftsmanship of the Re-
publican party in the days OF Abraham
Lincoln are To be virtually destroyed in
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 national banks is TO be reduced and
the 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 possible imitation OF
bank notes, not legal tender, excellent for
getting into debt on, but unavailable for
getting out of debt with. to the extent of
$500. 600. 600: and placing the regulation OF
the volume of money, and hence the de-
termination OF prices and the burden OF
debts, absolutely in the power of the
banks and the creditor class.
THE inevitable tendency among these
banks will be toward a uniformity and
cooperation OF management the result OF
which will speedily be the erection OF a
great bank money trust, more powerful
than all other trusts and combines, ano
ultimately. If the Republican party should
remain in power. irresistible ana unreslst-
ed by the government itself.
Policy Now Confessed.
Thus fellow-citizens, the scheme we
denounced in 1896 Is nearing consumma'
ton The policy that was denied by the
Republican party in that campaign stands
now confessed. Millions of you who voted
the Republican ticket in 1896 would moi
| have done so had you believed your party
destined so soon to be the agent of thu
forces that now dominate 1t. Millions oi
you were bimetallists in 1886 and remain
so to-day. Now, that the promises ther
made you are clearly seen to have beer
insincere; row, that as a consequence ol
the deception practiced upon your honest
confidence. your country is about 10 bt
handed over TO the ownership and contro
| Of the great speculative banks and theil
associated trusts and combinations, ma,
We not appeal TO you 10 come TO the res
cue of the liberties of the people and theil
| imperiled institutions? In the spring Of
1887 the undersigned took the steps leading
10 the organization of the Silver Repub'
lican party. Against the betrayers of tbs
Republicanism of Abraham Lincoln tha
| party resolved to wage unending war. To
day the necessity for its work is more
| evident than ever. Come with us and hell
us We believe that the highest devotion
10 the Republicanism you once venerateC
| demands that you oppose TO the utter
most the present tendencies OF the party
which still wears the name but has for
| saken the principles of its heroic days.
| cHAS. A. TOWNE.
Chairman Committee.
HENRY NJ, TELLER.
X. F. PETTIGREW.
FRANK ]. CANNON.
| EDGAR WILSON.
CHAS. s. HARTMAN.
JOHN SHAFROTH,
| FRED T. DUBOIS,