The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1905-10-20
GOLDIN THE TREASURY

GOLD IN THE TREASURY
A very strange condition exists in
this country at present. That is
the condition Of SO much gold in the
treasury of the United States that
Tncle Sam does not know what to
do with the surplus. There is now
nearly $500, 900, 900 and constant
stream of the yellow metal still
flowing in. This is the largest
amount we have ever had and no
other nation on earth ever had such
an amount. Our continued national
prosperity and wonderful business
activity are the wonders of the
world. No other nation on earth
ever enjoyed such long con-
tinued era of prosperity and ma.
terial development. 1t seems the
Golfers of the world are open to US
and their reserve gold is being
poured into the laps of Americans.
Already England and France are
becoming panic stricken and beg
ging for something to be done to
stop the constant drain. The only
radical remedy we can think OF
would be to elect Bryan or some
other freetrade Democrat to the
Presidency for term. That would
most surely check the inflow of gold
and speedy turn the stream the
other way. During the late lam.
ented Cleveland's time all the re
sources of the government were
employed towards buying gold ano
vast issues of bonds were made t.
the same end aud still the stuff KEEP
sitting away like sand through ;
sieve.
Our good Democratic friend.
seek to account for this great &C
cumutation of gold, on the theory o
the production of the Alaska mines
This will account for but a very
small portion of it. The great bull
comes from other causes, The
protective tariff policy of thi.
country has so built up the vario1.
industries of our country and en-.
couraged American enterprise ano
inventive genius that we have be
come country of vast producing
powers and the gold. of foreign
countries IS constantly pouring IN
to pay for the vast stores of our man
ufa ctured surplus.
I The genius and Ingenuity of the
American workman has enabled
HIN, by the use of machines he has
invented, and the application of his
broader intelligence to eclipse the
world in manufactures, man fol
man. We have been able by the
use of machines and superior intelli-
gence among our workmen to man
ufacture thousands of articles and
send them across the water and
compete with the cheaper labor Of
Europe.
So long as these conditions are
allowed to continue and the voice
of the demagogues is UNDECIDED and
e natural restless and dissatisfied
nature of the American is held IN
check, these conditions will prevail.
But should the time ever come
when American voters forget the
bitter lessons of the past aud turn
down the party that by its policies
has brought US to our present con-
ditiOn of commercial supremacy.
Again would the conditions under
Cleveland rule prevail and there
would be no effort necessary to
check the accumulation of gold in
this country.
Why can't an intelligent citizen
ship get ever its party prejudices
and quit clammoring for that, h. .
universally plunged our country
into want and poverty
There are few Republicans in
public life that seem to be getting
lame along the lines of the old
Democratic cry of ''Tariff REFORM"
Can it be that we forget so soon
such bitter object lessons of the
recent past. The child that burns
its fingers in the fire once, forever
remembers the, lesson, but a class of
Americans seem to. want to be
burnt again almost before the old
wound Is healed.
The gold standard of the Republic
can party that the Democrats told
nc would ruin the country almost in
a fortnight is now conceded even by
them to be great success. We are
not much worried over a full treas.
ury. 1t is the depleted treasury
business and reduced
wages that always follow Democratic
success that We as DeODle have