Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1900-05-24
MONEY STILL AN ISSUE.
Instead OF DeiAE Dead II In NOW
More Alive Than
InVeB.

The persistence IN maintaining WluV
the money issue is dead one implies
a wish based upon hope that II will
be dropped, n not entirely forgotten
II the Issue Is dead, II has a very per-
tinacous way of manlfestlng Itself as
a CORPSE The eastern press In COM
mon with that of the middle west ana
west 10 very much exercised over the
expenditures OF public money made In
the last three years, In round num-
beers the amount equals Si,5OO'OoO,oOo'
excluding the last three months OF the
last fiscal year, The ascertalnable
data from official sources ARE Ms fol-
lows;
ElscaI yenr. Expenditures,
1898 s1S9e oo55SS't "a N
1880 Encouragement SgS SGi- 40 oS
1900 mine nonths) ,'""'''''' S'Sooi'oo- y"
Total ,,,,,r,,''''''''''','''N ~
This Is alarming, and when we con
slider that the total amount OF these
expenditures, wrung from the people
by taxation, exceeds by several hun
dred millions the total amount OF the
balance OF trade In our favor for the
same period Of time, II Is ensy TO I'M
derstand why that balance OF trade
has not benefited NJ financially, why
we are compelled TO resort to credit
money, aud why the creation OF
money or It's simulacrum has been
turned over TO the banks 20 provide
us with u medium Of exchange SUI
ficient to carry on any business at all
Hon. Marriott Brosus, republican
member Of congress from PcnnsyIva'
mia, Is n man who looks at figures
and saws 'ngures do not lie." lie ana
all his republican confrercs do not see
the lies behind the figures In n
specch in the house on May 3, he
gives some figures which are Included
here and should be added TO those
set forth In the preceding paragraph
80 that the reader may Judge of our
depoable financial condition, He
SAYS, "rhc rerundug provisions OF
the law are working out an achieve
ment In finances without n parallel
in the history Of the world and he
submits the following official state
ment!
Amount Saving Premium Net
refunded. In Int paid SAVING
Threcs, ...,.,
1908 SOO,9SO,gOO S,OsOil5 S,i65,5T H,0liS2S
100 1901 l5S, 7ol7oo 22,O0S0Co lS,J@,2oG i,i76GGl
1904 iO,@a,S5O lGosl iOiG,SS 572oS1
10000. $50 S32, 600, 225 s2OO3i,77l $6G6i,i5i
Mr.. Hroslus Is as near correct rs 1t
Is possible for an able fnancicr be-
longing 10 the republican party to
be. which ncnrncss to the truth con-
sists in getting as far away from it
as possible.
There Is not only not a saving In
the above official transaction, but u
dead loss of $sS,43O,I6l, and here are
the figures to demonstrate 1t,
Two hundred and sixty million,
twenty thousand and seven hundred
and fifty dollars to run until 1909
(say ten years. at an average inter
est of four per cent, per annum, would
demand in interest S03,6O74OO,
But this principal has been convert
ed into 3O-year bonds bearing two per
cent. interest. A total interest for the
30 years amounting to SljG,Ol2,d50.
To this add the premium paid, 500
O34,T7i, and we have grand total
Of $ls2,O4L22l, Subtructlng the $0a,-
COZ, lGO interest cancelled on the re-
funded principal, and we have total
net dead loss of $sS,i39,161, or S9,0i7-
e02 per unnum,
Taking the entire national debt MS
refunded, and including about $780,
o0O, 900 in premiums paid to bond hold
ers and we have u total GeOd loss,
or robbery of the people, by this
Unparalleled achievement in finance
amounting TO $iCo,OCO,000, or five and
onc.third millions Of dollars annually,
1t Is not necessary to indicate who
receives the benefit Of this public
plumber,
We are in the curious position Of
a man afraid TO poy'hls debts lest he
force himself into bankruptcy and dis
turb the financial condition Of his
creditors Nobody hut IN able fnan-
cier, devoted heart md soul 20 the
Mckinley problem of government