The evening times., 1900-06-29

existence through a new compilation OF he
statutes OF the United States
Mr. Jones impressed upon the Senate
that the pending measure was the climax
in these struggles Of thirty years. Il M de
the obligations Of the Uuite,7 States pa able
in gold alone. AS the final step in tee
progress Of the creditors designs, K eoes
at once to the gold ST ndaTd- II simply
carried into effect the intention Tevea Cd
in the bill OF March IS. 1863 That inten-
tion was that in the progress Of time the
sovereign powers Of the United States con-
ferred by the Constitution upon Congress
alone, should be delegated 10 the national
banks-the power to requisite all that pOr-
ton Of the money which was made re-
deemable in gold and silver. Tie bill. re
said. places in the hands OF the national
banks the control OF the bonded debt o,
the country. Whenever the banks see fit
they can reduce he gold reserve below tie
limit and force an issuance Of bonds. aid
this process can 90 on indefinitely.
Senator Jones points out that all this is
in the interest Of the creditor in the in
Jerest OF the bonchOlder. and grievOusly
against the interests OF the masses Of the
people of this country II is all done in
the name Of honor and honest money The
history Of the past thirty years, during
which the bcndho}ders and public creditors
"a < Lt~A4 AteNAA'5 ~ W AAlt p4 4tS-AA 4LOft-
ment, shows that when patriotism and
plunder become Synonymous terms it is
easy to make converts among the benefici-
aries. The legislation OF those thirty
years, in the attempt 10 reach the gold
standard has resulted in plundering the
productive classes Of the United States out
Of thousands Of millions Of dollars One
would not suppose that. with so acute
class Of men as the bondholding class. il
yy-Orf 10 ~ all
as to the Interpretation Of any law pro
viding for the payment Of their bonds No
class Of people are better able to under
stand the meaning Of plain English en-
graved across the body Of their bonds One
would not suppose IT to be necessary to
provide supplemental enactments to re-
lieve them from doubts which they did not
entertain as to the kind OF money in which
their bonds should be paid
In conclusion the Senator said: How
ever. by successive steps they transmitted
lawful money bonds-bonds for which they
paid in paper Fnoney-into coin bonds. and
those coin bonds are now to be Transmitted
into gold bonds No man can suppose that
the public creditors Of the United States
were in any manner deceived upon taking
the bonds. as to the money in which they
should be paid The laws OF CouEregs we're
perfectly explicit and the wording of the
bonds was absolutely unmistakable The
laws were of their own securing. and were
worded in accordance with their wishes.
but the agents Of the people OF the United
States. to" persons entrusted with the ex-
ecutiOn III the laws always INTERPRETED
those laws against the interests Of the
people IN order to gain the meretricicus
applause Of the boudholding and creditor
classes to the enormous pecunis1v loss and
dtsadvantage Of the producing classes o.
the country"
A great proportion OF the literature on
the currency question Is being sent into
the West TO keep alive enthusiasm there