Willmar tribune., 1900-10-03

fused to be again b1ed 81 Hanna.

fused to be again b1ed 81 Ha1na.
Something had to be done to compel
these moneyed men to supply the sinews
OF war, and Hanna bethought himself
of this interview with Gage. Secretary
Gage was instructed what to do and
his now famous interview was the re-
suit. But the bankers knew exactly
how far the law went and what could
and what could not be done under it's
provisions. They refused to be bled
and Hanna is now bewailing the fate
that has overtaken him. He is sho ort of
funds and is now concocting some
other scheme whereby he can force the
trusts and other protected industries
to come to the party's relief.
Secretary Gage, writing his~~inter-
view under orders, forgot the state
ments he had previously made in rela-
tion, to the effect of the currency bill
enacted into law by the republicans
during the last session of congress.
July 16 of this year he had an interview
in the New York Journal of Commerce,
a newspaper devoted to financial mat
ters. The last interview was a scare
crow; the Journal of Commerce inter-
view was the real opinion of the Sec
retary OF the treasury. Here is what
ne said at that time and when. put
alongside of his latest freak statement
the contrast is interesting:
Il am satisfied that the new law es-
tabiishes the gold standard beyond as
sault, unless 1t is deliberately violated.
It Is quite true that the legal ten
der quality has not been taken away
from the silver and paper money of the
United States 1t would have been re-.
markable and disQuieting thing to do.
What difference would it make to
me II held some bonds and Mr.. Bryan
should direct his secretary of the treas
ury to sort out some of his limited stock
OF silver dollars for the purpose of re-
deeming the bonds? Would I not imme-
diately deposit the silver in my bank and
draw my checks against it just as would
II the secretary had exercised the more
rational policy of paying me with SUBJ
treasury check? I believe that silver will
| never drop below par in gold. The crux
Of the proposition is that adequate meas
ures have been taken by the new lDW to
prevent such a contingency.
1T lS wholly immaterial whether some
secretary of the treasury pursues the in
upon these bonds instead of checks, when,
as have shown, all money of the United
States is convertible into gold. These are
the distinct provisions Of the new law.
and they cannot fail to maintain the
gold standard, except by the deliberate
violation Of the duty imposed by the law
upon the secretary of the treasury. In
the event of the election Of Mr., Bryan
think the gold standard would be reso-
| lutely maintained so long as the law re-
| manned on the statute books
With this interview staring him in
the face Secretary Gage is convicted of
stultifying himself as the convenient
friend of Mr.. Hanna for no other pur-
pose than to frighten the moneyed
men who are to be bled for the benefit
of the republican campaign managers.
Secretary Gage gave his honest senti-
ments when he was interviewed in July
last. He stated what he was tod to state
when he attempted to frighten the
people and mislead them into think
ing that the laws of the United States
could be arbitrarily changed by the
will of one man if that man should
happen to be elected president of the
| United States.
ADOIPH PATTERSON