The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1908-05-09
THE UNITED
cSZqTEcS
TREHcSURY
BHLDHYG

Uncle sam In lHt MONtEN 0IO5huhs
for his accumulation OF gold is out
stripping that Of any other nation Of
the world And not only is he Croe.
sus modernized, but he is like unto
Midas whose touch transmitted every
thing to gold. And strange as it may
seem he cannot get rid of the gold
which is pouring into his Golfers, The
people Of the nation refuse to take it,
saying Keep the heavy, yellow
metal Give us in exchange your
note, stating that it is worth the
amount Of gold coin which we have
deposited with YOU Being an ac-
commodating old gentleman, Uncle.
Sam gracefully complies with their
request
With this result. There is on de-
posit in the United States treasury,
sub-treasuries. mints and assay offices
more gold than ever before in the his
tory Of the country. II represents the
most valuable stock OF the yellow
metal that the world has ever seen or
perhaps dreamed Of 1t reaches the
tremendous total Of $1.020,s73.47l If
the coins we're laid upon each other
they would make a shiny monument
14O miles in height If their rims
we're placed so as to touch each other
they would cross and recross the
United States five times They weigh
almost 4,OO0,O pounds. Every ounce
of the metal has been the cause Of
hardship, most Of it death. Every
ounce of it has produced Joy. some
times mad intoxication. 1t has in
spired greed, lust, envy and murder.
lt has created romance To-day it is
he symbol Of prosperity Of the wealth
est nation the world has ever seen.
1t takes the breath away, that
thought Of $1,000, 100000 in gold.
Think what could be done with it,!
The national debt of the United States
could be wiped out, if the gold could
be used for any such purpose, and
there would remain comfortable
balance It would provide 100 battle
ships Of the Dreadnaught type, fully
equipped for service. It would sup
port the navy for ten years. the army
for a similar period. The United
States could refrain from drawing a
cent Of revenue for one year, and yet
the gold in its vaults and in the in
sdtutions It controls would be sufi-
cient to meet its tremendous expendi-
lures.
OF course, an this gold does not be-
long TO the government Gold certif
Gates are in circulation against coin
valued at sTsOO1l ,S69. That is to say
every person who has one OF these
certificates is entitled to step up to
the counter Of Uncle Sans paying Of
fee and say. "Giye me the equivalent
Of this in gold. The demand would
have to be complied with instantly
Then s15O.00OO0O constitutes what is
known as the gold reserve. It is
maintained by law for the redemption
Of greenbacks. To the credit Of the
I government also is an additional $40.
395,190, for which gold certificates
have been issued. Finally. there Is
coin valued at s3l.O66, 412 lying in the
cash boxes of the United States treas
ury and sub. treasures ready to be paid
out whenever a call is made
The people, however. do not want
gold. On the Pacific slope It is stlu
the fashion to use the yellow metal
but in the effete west as in the more
effete east, it is not wanted It IS
heavy, bulky. and inconyenient Il ex
f poses the holder to robbery and per
haps death Therefore. as soon as
miner obtains a pound OF gold or any
one else gets hold Of the metal his
first act Is to take it to an assay Office
to determine its purity and then t6
turn it into one OF the government
mints for coinage. When this is done
the owner receives the gold certif
Gates. Certificates are not issust
against bullion Read a gold note. Il
you are fortunate enough to have one
in your possession, and you viii iiue
its value IS that of the gold coin IN
the treasury Of the United States
Five hundred double eagles. valued al
$4,000. which / picked up the other
day In the treasury department
weigh IS pounds. Four thousand. $40.
600 gold certificates. representing
S80,O00.OOo which / also held. weigh
exactly iliz pounds. To transport
| that amount of gold coin = mile would