The midland journal. (Rising Sun, Md.) 1885-1947, 1901-07-19
Gold Certificates.


as the silver certificates are in circulation,
but it is in the form of large notes, none
| less than $50. OF course such large notes
20, so, 100, 1000 and upward-cannct
enter into the retail business of the coun-
try as the silver certificates do, which are
as small in amount as 81 and upward,
| There is $3.50, 900, 900 in gold held in
the treasury entirely out of use, called the
reserve fund. The purpose for which this
large fund is held is 10 meet demands for
gold to redeem greenbacks. When the
greenbacks are redeemed they are not
destroyed but put away in a safe in the
treasury and held out Of use, which is the
same thing as destroying them. AS fast
as this $50, 600, 900 gold reserve fund is
drawn down il is 10 be replenished out Of
the free gold in the treasury, which is
gold collected in taxes.
There was i'll the general fund accord
ing to the Treasurer's report $6s,7i9 S72.
1t wouldn't require very heavy run OH
the treasury to exhaust this fund and
then the Secretary of the Treasury would
advertise the sale of new bonds to buy
gold to replenish the treasury in order 10
keep the reserve of $50, 1000, 600 from
diminishing.
All of this hocus peeas business was
engineered by the gold standard, SOUND
money law passed by the present Con
| grc IS. first session.
The object of the bankers and aim OF
the present law is 60 gei tue GTeenbacks
Withdrawn FROM circulation and finally
destroyed, which amounts to the same
thing as collecting S345, 600, 900 i'll taxes
and destroying the money. If they can
succeed in accomplishing this, the silver
certificates will be attacked in the same
manner and held out of circulation in the
treasury, and the silver dollars, some four
hundred miiioas. uelled up, sold i'll the
market and gold purchased with yhat
the bullion will bring, which would be
less than half the silver dollars face
value. This would be an additional sac
ritice of the peoples uieney taken out OF
the taxes.
This vacuum of nearly $500, GOO, 600
would be filed by national bank notes,
and there would be only gold and nation.
al bank notes with Our subsidiary coips
in circulation. The bankers would then
have the treasury held up, with both
hands in Uncle Sans pockets. When
they wanted gold and az additional Issue
of bonds to start more banks, ali thai
would be necessary would be TO gather mp
national bank notes aud demand gold for
them, and the Treasurer world be bound
to draw on the $50 million reserve gold to
meet the demand Of the banks or brokers,
trimming cieveland's endless chain
with their own notes.
| When this goldbug conspiracy is an
alyzed was there ever a more ..rascally
bunco game played on the stupid people
than this gold basis trick shows up?
But the depth of the rascality in this
gold conspiracy has not yet been exposed.
It is far-reaching in lis prospective
Developments.
There is strong indication that the
increase of gold from the mines will go
OIL for five or possibly teu more years al
| the rate of perhaps $500, ooo, 900 annually.
This will vastly swell the amount of the
worlds money. and with the increase OF
money prices rise and the purchasing
power of money diminishes. With this
change the wealth which stocks, bonds,
mortgages and debts of every kind repre-
sent, lose their power over the debtor and
property. The more money i'll circulation
the higher the price of property, and
the easier debts are paid.
This is what the gold ring and money
lclass fear, aud their scheme covered up III
their new gold standard law in this coun-
try, is to get the greenbacks and silver
dollars destroyed and have it in the power
of the banks to make money scarce when
they choose, by returning their national
bank notes to the treasury and taking up
their bonds, and by Withholding their
own notes from circulation. By having
this power they can keep prices down i'll
spite of the increase OF gold money.
| 1t is a great misfortune to themselves
that our people will not study this finan-
cial bunco game, but are ready to turn
aud rend those who attempt to point out
The danger. This group of spectators i'll
money have got the Republican party in
Their power, and the honest people OF the
party arc afraid to investigate lest their
| Idols be broken when the truth dawus
upon them.
For the purpose of limiting the amount
of money in circulation, bringing it COM
| pletely in their power and controlling
prices. was the object of the gold ring in
planning the decentralization of silver
In case an issue of new bonds is deter
mined upon by the bank monopoly, they
have it in their power at any time to force
the Treasurer 10 sci; bonds by making
run OH the treasury for gold, aad when
bonds are advertised for sale return their
gold certificates amounting 10 over 26s
million dollars, draw their gold out of the
treasury vault, where the government
has been keeping it safely for them, and
pay it back for bonds. The government
|