The Butler weekly times. (Butler, Mo.) 1881-1918, 1899-12-28

the ndDlt OF ulfFttueSs III speefH
soon showed by his actions that he
no longer considered the prediction
construction of the platform 70 lie
binding. His appointment as secre-
tary of the treasury OF perhaps the
most conspicuous gold standard adj
vocate among the great bankers OF
the country. was obviously not in
tended or especially designed TO pro
mote any kind of bimetallism. To
| be- sure, there was sent abroad the
alleged international monetary com
mission. Unless the hoax was TO be
openly confessed. this was the least
the president could do. But for fear
that after all foreign governments
might take the procedure seriously,
he sent to congress in July, 1897, at
the very moment when his commits
sion's proposals were before the Eng
lish cabinet ii special message, recon-
mending the so-called Indianapolis
monetary plan, with its program for
the single gold standard, retirement
OF the greenbacks and extensions of
the powers, privileges and immuni-
ties of the national banks.
BIIETALLISM Is CONDEMNED.
Meanwhile the secretary OF the
treasury was declaring in interview
after interview, most OF which were
carefully reproduced in Europe, that
bimetallism of any kind. information
al or otherwise, was not only impOs-
sibIe. but undesirable. OF course no
serious negotiations were possible
after all this. The international
commission became an international
Joke. 1T folded its tent like the Arab
and silently stole away Its dis
and discounted chairman
sought early opportunity in the sell
ate to explain in speech in which
neither his diplomatic articles or
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 program Ell
tered upon at St Louis has been ODE |
diently pursued. The International |
agreement for the free coinage of sill |
yer having failed to be promoted, |
steps are now taken to insure that |
the gold standard shall be 'preserv-
ed.
The present bill preserves it with
a vengeance. The vast bonded debt
Of the country now payable in coin,
that is, either in gold or silver, is to
De made payable in gold alone. Near
v half n billion of standard silver
dollars, heretofore not redeemable i'll
lnything constitute a burden on
.ither the gold reserve or the credit
IF the government, but forming a
arge percentage of our basic money,
ire hereafter to be redeemable in
cold, thus increasing tremendously
he strain on that metal and becOm-l
no an endless chain with which to
'ull gold from the treasury and al
Ording an excuse for the final de-
truction OF the silver dollar as mon
V, and their forced sale as bullion
fter the manner OF the German pro-
eedure in 1872. The gTeenbacks, the
est paper the world ever saw, the
roduct of the patriotism and states
lanship OF the republican party in
he days of Abraham Lincoln, are to
e virtually destroyed by being
hanged into gold certificates, to be
,cked up in the treasury and paid
ut only for gold. The tax on the
regulation of the national banks is
0 be reduced and the amount of the
ank currency they may issue on
overnment bonds deposited is to be
lcreased from 90 per cent to par of
he bonds: thus making their bust
ess enormously more profitable,
pening the way TO an immediate
ossible imitation of the bank notes.
OF legal tender. excellent for getting
ito debt on, but unavailable for
citing out of debt with, to the ex-
INT of $500. 000.0 900: and placing
ne regulation of the volume OF
honey, and hence the determination
prices and the burden of debts. alb
olutely in the power of the banks
nd the creditor class
sGREAT BANK MONEY TRUST.
The inevitable tendency among
lese hanks will be toward a IlaifnrIn-