The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1901-11-07
THE MONEY QUESTION NOW.
What the Nsiieanl Bankers aad Adyo.
Gates Of (iosd Standard are
plsaning.

permit the equalization OF great
central bank with numerous branches
scattered throughout the county. II
this effurt succeeds the small banks
will be driven cut Of existence asd the
business interests Of the land will be
under the control and al the mercy Of
the group Of linascicrs 10 charge Of
the central institution. Every senator
chosen by a legislature elected this fall
will have to vote on this question, and
20, gold democrats object TO having tho
people express themselves on this
subject.
The national bankers who attended
The meeliog above referred TO were
practically unanimous In their support
OF what Is called an asset currency"
"A bank currency issued 10 proper
ton to aud secured BY the Rsseis of
the respective national banks. This
system Is net only open to all the OBJ
jcctions urged against other kinds of
bank currency, bat In addition TO
these objections 1t Is evident that the
asset currency Is not as safe as q cur.
Tcncy based upon bonds; aud Il ls
plain that snoh currency Impairs The
security Of deposiioB. Every senator
chosen by = legislature elected this
fall will have to set upoa-i this propo-
siliOn. and yet gold democrats are
opposed TO allowing the people 10 ex-
press themselves upon this question.
A few days ago the ST. Louis Globe
Democra, said ediorially:
"Tbere Is an excellent chance for
The enactment In the coming session
Of congress Of the silver redemption
bill which Representative oycrStreet
OF Indiana introduced In the recent
congress, but which failed for want OF
time for lis adequate consideration.
This measure, which will be introduced
in the house Immediately after 1t meets
a few weeks hence, proposed the cx-
change of silver dollars in gold. the
gold for this purpose TO como from
tho regular redemption fund Of the
treasury. This would strengthen the
gold standard act OF March ID, 1900,
In place which Il would be desirable
10 strengthen IT,"
There is no doubt that the advo-
Gates O: .he gold standard are plan
ming, drst, TO make silver dollars ro-
deemable in gold; and, second, TO
retire the silver dollars. When the
hnanciers wanted TO bring disoredIt
upon the treasury notes, issued under
the sherman Law, they resoued to the
same tactics to secure the retirement
Of grcenbacEs. They are endeavoring
10 create a still larger aud longer
''endless chain" by making the silver
dollar redeemable 10 gold, and u this
crusade against the white metal l. sue
cessful they will insist that the silver
dollar must be retired In order to pro-
teci the treasury.
The fnanciers have several other
measures In contemplation, but these
three are now being openly advocated.
Every senator chosen by the legisla-
tnrc elected this fall will have 10 vote
upon these questions. IL the gold
democrats do not know this they lack
information; II they know II and avoid
tho subject they lack honesty; and IN
either case they do no, deserve the
confidence Of tho Democrats whom
they offer 10 lead.
Ii seems Incredible that any real
Democrat should be deceived by man
who spend half The time yociierously
declaring .ha, the money question Is
dead aud tho other half 10 siding
conspiracy which has for its object the
establishing Of bank despoiism.
Even In Missouri several persons
have been mentioned for the United
States senate who, u they boldly an
nouneed their views on the money
question, oonld not carry q single pri-
mary 10 the State; bot they viii no,
annoGncc their position on the money
question; lhcy will plead for harmony
and claim that they are loyal demo-
Gratis. Their frs. effort is to get rid
OF tho kansas Gig platform and then
they viii try TO secure the nomination
Of unins,fuc,cd representatives who are
under secret pledges 10 them.
The corporations stand ready to
furnish nscaey 10 eject members OF the
legislature Who can be ralied upon TO
vote for senators satisfactory 10 the
corporations, bat such sehaters viii
nos only be hostile 10 the Democratic
party on oil phases OF the money quss-
ton, but they will be 70 obligated TO
o-gauixsd wealth that they cannot be-
Trusted 70 give earnest support TO any
needed reform. The MONEY question
cannot be eliminated from politics so
long as the iiaanciers are proceeding
sicp BY step 10 secure new privileges
and np<s ,ndv. IA aoe. u fhr az nas1ra n