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About The Alliance-independent. (Lincoln, Nebraska) 1892-1894 | View Entire Issue (April 27, 1893)
TilE A L L I A N C E -1 N D E P N 1) E X T.
iLLUKGB - MPIDIT
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funis illlanccSeljnslLi Independent
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Tex Alliance Publlsuing Co.
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Circulation for Six Month
Ending Sept. 20th,
Tbe anbarrlptlon prlc of the AM.uwcb-1m-BBfCMUBNT
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sseiplraUou of Um paid for uuleaa we r
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Aoekt In aolimlni aubarrlptlons should be
erv careful thai all namee are correctly
spelled and proper iuMtonice irlven. Blanks
for return aubacrlpllona, return envelope,
tic, can be bad on application to into oOlce.
Always ln yur name. No matwr how
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Bnt uiaiu-r. Hvery week we receive liur
with Incomplete addnwaea or without lna
turee Bad It la sometimes difficult to locate
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CHAVOBor ADIiMBHe. Subscribers WlnhlKB
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dress when change will be promptly made.
AddreaN ail letters and make all remittances
Beable to TUB ALLIANCE I'UH. V).,
Kansas It again enjoying' a season of
of political excitement, and startling
revelation are promised in the near
future. They have a railroad coromis
Ion down there. It consist at present
of one democrat and two republicans
The democrat, whose name li Mitch
ell, it an anti fuslonlst, one of the sort
that bates a populist above nil things.
He it one of the men who went to
Washington to protest against the seat
ing of Senator Martin.
One day last week the new populist
secretary of the state, Osborne, gave
the newspapers the startling announce
ment that Commissioner Mitchell bad
accepted a bribe of 15,0i0 from a rail
road c orporation. He says he has the
affidavit o( the man who a ;ted as go
between in the deal. It seem that
Mitchell went back on said go between
and failed to give him a proper share
of the boodle. lie says Mitchell ex
cused himself by saying that he bad to
giro the two republican commissioners
112 000 to got them to concede what the
corporation wanted. TMsonly leftbim
13,000 and he couldn't afford to be very
liberal with Mr. Go-between whoever
be may be.
And as soon as these charges became
public property, Mr. Mitchell forth
with got very angry and highly indig
nant. He said that the story was en
tirely untrue, slanderous and malicious.
And straightway he took counsel with
his attorney and had the vile populist
alanderer arrested for libel!
What a pointer is here for Nebraska's
impeached state officers! They should
reflect with shame that they have
allowed themselves to be outdone by a
mere railroad commissioner in a sister
state, and a measly democrat at that.
Plodding numb-skullB! If they had
only thought of it. What a magnifi
cent game of bluff they could have
played by having the whole legislature
arrested for libel.
But they missed their opportunity
The best they can do now is to console
themselves by charging that the legis
lature was "moved by passion"' to com
mit the cruel acts of persecution under
which they now suffer.
Still it may not be too late. Aftor
they get through "vindicating" them
selves, they may turn their attention to
the cruel, tyrannical, persecuting legis
lators and touch them a lesson. They
may yet emulate the example of Kansas'
boodle railroad corarnUslonor.
TilE I) dge County Leader says:
"The high-handed rulings of Tom
4ajo-a for corporations have boon des
gueiiog to tho rank and tile of the re
publican party, ami ihe democrats de
spise North for the part he played with
True enough, Hrother Kelly, but the
rank and file of neither old party can
control conventions, or influence the
distribution of !WiU. North will bo
collector of in'e. till revenue at Omaha;
Mattca will represent the agricultural
department in f rlgn naioim; lUboock
wilt very lik;ly get noma good place.
Tutu Majors 1 the biggest man In the
republican party of Nbrakt today,
and the coming candidate for governor.
Tne lank and file may o"e.U North,
and be digu'rd with Majors, bat whit
don that signify? Hie nun oe
their ottlilal oliUn to the power i f
the eorp-vatutna, and U the corpora
tion, they coold.uilly Jook for KiUt
leal j'Mwriueul In tho future.
Tub democratic j arty should qu't
Celebrating '"h', Jatkaus'e day" or quit'
supporting national bai.ks IKr Isj
' Httitfia has the rUMuh r the
enuiuiioa w lea tin pa tr money, it
WB4 gl4 ttiVUt tU t UM'd 1V lUxltl-
le aot t b doiegawd to lidltUU
Is or corporatism. H
TEE riSASCIAL SIIUATIOS.
In an editorial in Sunday s Beo on
"Wall Street" appears the following
"For thirty years or longer the finan
cial policy of the government has been
practically dictated from that source.
Every secretary of the rea-ury during
that period has gona there for counl
and has followed more or less closely
the advice given him The popular de
mand for a divorce of the national
treasury from Wall Street bss steadily
grown in volume, but it has not been
Thlf admission, coming from the
editor of thelealing republican dally
of the west, and an influential member
of the republican national committee,
will be read with much satlofsctlon by
the populleta who have repeated the
same assertion thouand of times only
to be ridiculed as cranks and flat money
lunatics by this same editor and others
of his class.
We may look for a great many more
admissions of this kind In the near
future. The collapse of the republican
party will loosen the tongues of a great
many men who are well qualified to
speak with authority in such matters.
The power of Wall Street over our
financial policy Is juitnow being strik
ingly Illustrated. The heavy shipments
of gold out cf this country, and the
steady decrease of the "free gold" in
the United States treaiury have been
leading topics of discussion in financial
and political circles for several months
OUR STOCK OF OOLD.
A glance at our financial system as It
is today will give a clearer understand
ing of tbe present situation.
Io his statement given below Secre
tary Carlisle says:
"The total stock of gold coin and gold
bullion now in this country, including
what is held by the Treasury, as well
as what is held by the banks and indi
viduals, amounts to about $740,000,000 "
The accuracy of this statement may
very properly bo questioned since
neither the secretary of the treasury
nor any other man knows or can know
bow much gold coin Is in the bands of
individuals. Treasury statements are
based on the theory that all money
whicli lias boon put out Into circulation
and has never ben returned to the
government is still in circulation. Some
very eminent t-tatesmcn, including tbe
late Senator Plumb, have c almed that
tbe treasury estimates are from one to
two hundred millions of dollars too
high on account of the ontUua) drain
of gold to foreign countries f which
no record can bo kept. This claim is
There Is In the United States treasury
today something over $2 0,0()0 000 io
gold. Of this something over $150,000,
000 Is covered by gold certificates which
are in circulation or held in banks as
reserves. These gold certificates are
redeemable in gold dollar for dollar,
and the government considers It a
sacred duty to keep In the treasury
every dollar of gold represented by a
THE RKSERVHS FUND.
After the resumption ot specie pay
ments which occurred some fourteen
years ago, the great fi nanclers conceive1
the idea tbat the $;JHI,000,000 of green
backs which escaped destruction and
remained in circulation roust bo sup
plied with redeemers. Of course no
body wanted tbem redeemed, but then
It would never do to have that great
quantity of flat money floating about
based on nothing better than the credit
of the country, bo they concluded to
lay away In the treasury a hundred
millions of gold. How to get It was the
next question. Hut that was easily
solved by the great financiers. They
issued interest bearing bonds, and sold
them for gold. Ever since then the
people of the United States have been
paying the interest on these bond and
all they have got in return is the satis
faction of knowing that Svery green
back dollar has nearly thirty cents of
yellow redeemer Btored away in the
"United States treasury."
Sinoe then every administration bus
cons'dored It a sacred duty to keep that
$100 000 000 untouched. It wa
bought and put away to bo mod In re
deeming the greenbacks, but then It
must not bj used for that purpose, for
if It were, it wouldn't bo iu tho treas
ury you see. Then tte government
would bo under tho necessity of selling
some more boads to get some more
gold to redeem some more greenback,
or pirhups to redeem the same green
backs over again, fur the In 4 ret iliv
theui to be io-iued after they uro re
deemed. So t ie hundred lulllloa reserve fund
has been kept saered. And whenever
anybody livened to want a grwnbjek
rvdei iiRil (which lm been very stibium
Indeed) It a l deemed with tho "ree
gold" lit tht treasury.
Hut what U "free gold"?
U laalmply the gold In the tiviis.irv
over and unva the atuouuta held to r
Jwni gold evi tlflentea aud greenbacks.
The free gold toimalnUi lite treasury
a duties otj tin (i is, liiteri at revenue,
etc , and gtn aout In pat Hu nt wf inu r
eat on the public de bt aud current n
Hues. Tbe trve gwld I itnly a part
.f ,be eurr lit fund of the trury.
In addition tu the htaulred and
fllvy ohl mi ii im t f gold locWI uo In
tho treaoury tUera I kn t to Ut about
one bundled millions Mid a rv turves
id the ttaiotiai batiks of tho eouulry ai
triieut Ibir la tt courae U!
additional sum held In the state and
private banks. The balance Of Secre
tary Carlisle's $740, 000, 0W is supposed
to be In circulation.
Leaving gold for the present, let us
glance at the position occupied by silver
in our currency. By the "credit
strengthening act or 1869 the obliga
tions of the United States (bunds) were
declared payab'e in coin.
But the b )nd-holders were afraid to
trust congress. The bonds still read
"payable in lawful money . Congress
might repeal the law. So in 1870 they
secured the passage of a ''refunding
asV by which the old bonds were call
ed in and new ones issued in their stead
which read "payable in coin "
Then followed the conspiracy of the
money power to demonetize silver and
thereby to make the bonds payable in
gold only. In 1873 this was accom
plished by a trick. The law "regulating
the rointi" were revised and tho stand
ard silver dollar was stealthily dropped
from the lint, of coins, and the legal
tender quality of silver coins was limit
ed to sums of five dollars.
Tbe crime of 1873 was followed by a
great pipular reaction which In 1878
cuiuminatcd in tho passage of the
Bland -Allison bill over tbe veto of tbe
president. This bill restored the silver
dollar to a limited coinage, and made It
a full legal tender for all debts, "except
where otherwise stipulated in the con
Though defeated in the halls of legis
lation, the bond-bolder were not driven
from the fiVd. They knew it was one
thing to enact a law and another to
carry it into effect. Under the law of
1878 the government had the right to
pay all its bonds in gold or silver coins
t its option; also to redeem greenbacks
in the tamo way. The bankers and
bond-holders resolved to control the
executive department of the govern
ment, so that the government would
never exercise its right to pay bonds
and redeem greenbacks in silver.
Although for over fourteen years the
government has bad the right to pay
all I's obligations in silver equally with
gold, the executive department has uni
formly refused to exercise that right: has
dhcredited and degraded silver in every
possible way; and has recognized gold as the
only rightful money in uhich government
obligations might be paid.
In other word, every administration
has Ignored the intent and meaning of
the luw, has served Wall Street and be
trayed the people.
The first act of discrimination against
silver has already been described: Tbe
Usuance of bonds, and the purchase of
$100,000,000 in gold with which redeem
Silver cert flcates issued on deposits
of silver dollars have alone been recog
nized as rightfully redeemable in silver.
THE SHERMAN LAW.
This brings us down to the year 1800.
In that year the renewed agitation for
currency reform grew to such propor
tions as to give the money power a
genuine fright. A bill for tbe fn,o and
unlimited col nago of silver passed tbe
senate, and there was imminent danger
of its passing the house. In tbat crisis
John Sherman, the prime minister of
the money power, came to the rescue
with a compromise measure which he
now admits was offered only to prevent
the pa8age of tho free coinage bill.
The Sherman law provides for tho pur
chase of four and one-half million oun
ces of Bilver per month. Under 'the
old law the government had been re
quired to purchase only two million
dollars worth of stiver per month.
Under the old law the silver bad been
purchased with current lunds of the
treasuay. But the Sherman law pro
vided for the issue of a new species of
paper money with which to purchase
sliver. This paper is usually reforred
ti as "silver treasury notes", or "(reas
ury note of 1800." It differs from all
other paper is 'ties. These "treasury
notes of 1890" are In no sense silver
certificates. They are liko the old
greenbacks save in the exception clause
which makes them legal tender for all
debts "except where otheiwise ex
pressly stipulated in thecontract." Like
the old greenbAris they are redeemable ii
either yo.'d or silver coin at the option of the
Here again tho plain meaning and
Intent of the law was that silver i-hould
be used, t least equally with gold. In
the redemption of these m'oa. The
law required tbe government to coin
to million dollars per month up to
July la', ISiiJ, and thereafter so nuieU
a might 1j needed fr the purooto of
redeeming tlno notes,
Tudor the Hiertnan law th govern
ment Is required to pure. haw ,'4,000,0 HI
tninoes ef silver per annum at a t of
about f.lO.lHHI.lSM). Up to tho pfeaent
time 1:!7 umi.ihhi of these treasury
note have tk-vn lued.
At the dlcta'lon of Wall Street llirrl
eon' siliii 1 1 Utratlon a;u!u betrayed the
IVOpio b rtd(tm'iHi tkt trtmury Hvtri
ii gold only,
A Sherman ay hi romrrinU
iueiirttf I tM was offered soVljr "to
prevent woie iegUlatlon" in tint hitit
of a In n toliagn Uv,
The ot n opHalilon of the money
power to th Sherman, law l'jtui to
how lt If iiear'y a year ago. .cat!
July John Hhfrmaq Introduced n bill
for the n pval of hi own luw, Th
n pit blli an imtuu. t convention Ut
June rvfuavd to etuloua the )w. Tin)
democratic convention denounced It
and promised Us repeal.
The money power opposes this law
for several reasons:
1. Under its operation the currency
la lncressed.'about 150,000,000 annually
This is quite a material increase suffici
ent at least to prevent any decrease of
the circulation per capita.
2. This increase is in that most hated
form legal tender treasury notes.
'3. These issues are rapidly s wellint?
the aToant of redeemable paper money
,whlle there is no proportional increase
in the gold which they recognize as the
only money of redemption. If this in
crease goes on for several years, they
see great danger that the narrow gold
basis may not be able to sustain tho
super structure. In that event the
government would be compelled to
recognize and use silver as a money of
redemption. And this is certainly what
will happen, and for this very reason
the friends of silver aro opposed to the
repeal of the law.
4. Under this law a vast amount of
silver bullion Is being piled up in the
treasury vaults. This silver Is govern
ment property. The government will
be under the necessity of doing some
thing with it in time. The most natur
al thing for the government to do with
it is to coin it into money. This would
came another large Increase in the cur
rency. The money power wants to de
preciate the prlcaof sliver. But it is
contrary to nature for the government
to assist In depreciating its own pro
pperty, and tbe government is every
month becoming a heavier owner of sil
Take it all in all the operation of the
Sherman law is full of danger to the
plans of the money power, and may
well create anxiety and strenuous oppo
sition. If the law Is not repealed, a
financial revolution is only a question
of time, perhaps a very short time
The result cf tbe revolution will bo the
elevation of silver and paper money at
the expense of gold.
Cleveland's desire for the repeal of
the Sherman law Is profound and un
disguised. His public expressions in
dicate that ho puts the importance of
its repeal far above the importance of
tariff reform, ne a reported to have
sai l not long ago:
"Unless free coinnge is beaten down
and tbe Sbrman law repealed the
country will, within a year, experience
the greatest financial panic wo have
He would undoubtedly call an xtra
session of congress at once if h?
thought there was hope of its repeal
DECREASE OF FREE GOLD.
Ever since the passage ot the Sher
man law the amount of free gold in tbe
treasury has steadily decreased. When
the law was passed in 1890 there wbh
$77,000,000 of free gold. January 31,
1891, there was only $41,000,000. Janu
ary 31, 1892, the amount had fallen to
$11,000,000. January 31, 1893, there
was but $8,(00,000. Last week the f r-o
gold had entirely disappeared and with
it nearly $4,000,000 of the sacred re
Of course one cause of thlsbas been
tbat the country has enjoyed tho luxury
of two "Billion Dollar Cocgressfa"
which have reduced ihe currtnt. fuads
of nil kinds to a very low ebb. But this
.is not the only cause. For several
months past large quantities of the
treasury notes of 1890 havo been pre
sented for redemption, gold has been
paid out for ttem, and this gold Las
This drain of gold from the treasury
has probably resulted in tome degree
from each of the following causes:
1. A real demand lor gold in foreign
2. A genuine fear that there will be
a financial revolution In this country
in tbe near future.
3. A desire to make the Sherman
law dlous and secure its repeal.
4. A cousp'racy to lorce tho govern
ment to issue b Pds to purchase gold.
Political movements ut Washington
Indicate that tho two latter causes have
not been tbe least in bringing about
th " present condition. During tho last
throe months of Harrison's administra
tion, It was freely given out that bot.'i
tbe Tresit'int uiid iiet retary Foster bo
llovt (I there was a conspiracy amo- gs
Nw York bankers to force the insuo of
bonds. It is now r ported tbat Soere
Ury Carlisle entertains the ssto opin
ion, A strenuous effort wa-t made to
have tho late congres authorize an
! I.ioue of iMiitdn.
TUB HANKERS' ollJEO.,
Tho banker want an isoie of bonds
not only because they love a public debt
with a gr at and abiding love, but be
cau they need the bonds In their btul
lien as national banker. Tho pretext
lor me immtico ot doim l the sumo as i
It was twelve year ako: to buy gold to
store away In tbf treasury for tre re
deiitioti of treasury notes, and there
by to "keep the credit of tho ifovern-
utent unimpaired " This brings us to
Til t I'UISKNT SnTATIuN.
Etrty lat week the ri rt bet-am
current n New York Cl'y tbr.t 8'civ
tmy I ariUU bad devlJed t May out
lherln redemption of treasury not,,.
It treat-1 a gondii earo In Walt
(i reel. The New York Tunc ftuatieat
ut ne i t for Ut week y:
"H t Hvk a out twenty-four h wra fr
ths ronteilot K becomo eln.tie,
that thtftuMintti n wao -icl Then !
iuiv therush of lhoo hu had foreign I
debt ui par t, buy xrhane before
there -h-toM hi a. premium n gold. A t
me same time the Canadian banks
called for ihe
Lven from Boston a tiirect shipment of
gold was mvl to London, a thing be
fore almost unheard of.
How quica y tiis "honest money"
se. k a hiding place or fles to foreign
lands in tbe fat of dingur!
Thre was great excitement on Wall
Street. Interest on ex 1 loans jumped
to 15 per ceot. . It took several days for
the bankers to get over their scare.
Commenting fur: here n the matter The
"Tbe fact of overwhelming Impor
tance is tbe blow to the national cred it
which would have been given by the
gowrnmtnfsdtUbrally dUcnditing one
of its oun curnncy issuts. This was the
thing which alarmed the financial com
mnuity. it did not need mat the treas
ury Simula issue such an orcter. The
mere fact that its issue had been seri
eusly contemplated was enough.''
A strange statement that is to come
from such a souice. Why, the, whole
difficulty comes from the fact that tbe
gover.inrent hss bien for years "dis
crediting one of its owncurrency Issues"
silver. The mere report that tbe
government contemplated ceasing to so
discredit silver was tbe cause of all the
Whether or not Secretary Carlisle
ever o n tern plated such a move can not
be known. Certain it is that on Friday
he came to the rescue of Wall Street
with the following very instructive
SECRETARY CARLISLE'S STATEMENT.
, "la the exercise of tbe discretionary
pjwer conferred upon the Secretary of
the Treasury b the act of July 14, i8!)0,
he has been paying gold for the coin treas
ury notes issued for th' purchase of silver
bullion, and ht will continue to do so as
long as he has g ild lawfully available for
that purpose. Uuder this process the
government has been, and is now, pay
ing gold for silver bullion and storing
the silvur in its vaulls, where it is as
useless for aioy purpose of circulation or
redemption an iron, lead, or any other
"The Government, in tin first place,
issues a coin Treasury note in payment
for silver bullion, and then the coin
Treasury note is presented at a Sub
Treasury and tbe gold is paid out for
It; so that tne effect is precisely tho
same as if the gold were paid directly
for the silver in the first instance.
About 1800,000 of tho gold which was
withdrawn from the tsub-treasury on
ast Tuesday for shipment abroad was
paid out on these coin ireasury no es.
No order has bdon made to stop the pay
meutof gold upon these notes, nor has
any one been authorized to say that
such an order would te Issued, ine
purpose of the government to preserve
its own credit unimpaired and maintain
tbe purity of ttiw two moials by all law
ful means will not be abindoned under
any clrcumstauces. In view of tae
existing legislation, the only question
for conrdderaiion is as to tho measures
that ought to be adopted to insure the
accomplishment of these purp ses, and
upon this question there is, of course,
nom for wide differences of opinion.
The to al stock of gold coin and iiold
bullion now in tbis coumry, including
what is held by the Treasury, as welt
as wbat is held by the banks and Indi
viduals, amounts to about $741,000,000.
When I came in to the Treasury D' part
menton the 7th day of March the
amount of free gold on hand had been
reduced to $987,000, but by arcaHge
ments with Western banks it was in
creased, until on tbe lt of April it
amounted to nearly $8,000,000. Then
heavy shipments began to bo made and
two days ago we had only about $40,000
but now It amount to $883,000, after
deducting what has been withdrawn
from the Sub Treasury loday for ship
ment. Arrangements are now in pro
gress by wV.ich more gold is to ba pro
cured from tbe west, and I hope that a
sufficient quantity will bo secured to
keoo the goM reserve intact.
There is gold enough in the country
to meet all the requirements of the
situation, and if all who are really In
terete'1 in maintaining a sound and
stable currency assist the Secretary of
th Treasury to the ext-nt of their
abi'itiea the existing difficulties will
soon ba removed."
Even this declaration of loyal sub
serviency to Wall Street was not suffi
cient. The bankers said it was "am
biguous." Reports were current that
radical differences of opinion existed
between the president and Mr. Carlisle.
THE RESERVE INVADED.
The day following Secretary Carlisle's
statement large amounts of gold were
demanded iu redemption of treasury
notes. Yh;i freo gold was entirely ex
haust'-d. Worso tnan that, the suorcd
$100,000,000 was actually reduced to a
little over J'.Ki.OiW.OOO. The earth didn't
quake. Tho stars twinkled at niuht,
aud the sun roee In tho morning. Kail
road trains continued to run, and so did
factories and alt the machinery of pro
duction aud exchange. More astonUh
lng than all, the bank actually opened
their doors tho next momlnc, ami
money circulated just ss freelj as itdid
tho day before!
After twelve Jears a ainnll part of that
aacrcd fund wa-i ac'ually Used for
purpoM for whleh li w put a ay mul
nothing startling luppeno I, Voi iter
ful. Un'i it
Io further relieve tho uiK'b of tue j DoxT fail u,rcaJ tiiU rt el on ' cost
g.VBtpttrloilcnnneieraof Wall Suvet . of helrio bghunji" on tbu.lr.t page of
Mr Cleveland on Sa'urday evcnhgju.la is.tw. n 1, ...,. ..,.h
...all .li. .1 I, I
Instructive than that f hi secretary:
The Inclination on the pirl of th,
pubt'o lo a-tviit rewkuMr report on-
cerning the lntntlon of ih"e chared j TliK AM lot i: lMfDt.T in writ
wlththj management of our i Uoel j '"a e"i' UertUeri
Gnanva aeeiu M Justify my ciuphatlo! , :
eoiitru,1 cton of ,brt Mat nuxtt that I 'k wo puhiin anoiher ef Mr,
tbrt if letiptlon ,f any k o4 of trea ury i ,M ,trueU, letters frvta
leteievvpt tti tfo'd. ha at Mjr , J j Catcago, Don't fall to read tt.
Wen deter ratted cott or i-mt. tiijdiHed ' -by
tht rit'tary i f th treasury or tin j ' '
U r iueu.birol tin
i,inrtti un .ireae nt ad n Ins..
I he pivaht.'0t and h a cata
are absolutely harmonious in the deter
mination to exercise ever power con
ferred upon them to malnUin the public I
credit, to keep tbe public faith and to
preserve the party between gold and
silver and between all financial obliga
tions of the government.
While the law of 1890, forcing th
purchase of a fixed amount of silver
every month, providea that the secre
tary in his discretion mar redeem in
either gold or silver the treasury notea
given in payment of silver purchases,
yet the declaration of the govern-
meniiio maintain the parity between
the two metals seems so clearly to regu
late this discretion as to dictate their
redemption In gold.
x uc Birong croon oi tne country still
of our people, which has never failed in
wm oi neea, is at hand to save us from
No ambiguity there. Wall Street
can rest absolutely sure that Mr. Cleve
land will never recognize silver as a
money of redemption! Arjd further
more "the good sense of the people,
which has never failed la time of need,
is at hand to save us from diast,rf"
Yes, dear lords and plutocrats of Wall
Street, the people have got some "good
sensa" yet. True they haven't used it
in politics much for twenty-five years.
They didn't use it lat November or
your "stuffed prophet" wouldn't be
where he is today. But they've still
got some "good sense" and they are
getting ready to use it. They are get
ting some of the cobwebs out of their
craniums. They may not prevent the
"disaster" which you fear and which -
win oe me natural inevitable results of
your hellish conspiracies. But the
people will turn thtt disaster into a
blessing. They will build on the ruins
of the present false financial system a
truer and better system. They will
save the republic which yoia are seeking
to convert ino a plutocracy.
Aobody knows. Nobody knows how
big a hole may be made in the reserve
in another week or another month. No
body knows how soon Ihe conspirators
may draw out the entire hundred mill
ion. And then Cleveland may be com
pelled, in that spirit of "lofty patrio
tism" for which be has become so noted,
to lseuo fifty or a hundred million dol
lars, worth of bonds to buy more gold to
redeem the treasury notes that nobody
but a traitor to nnr I net f t II t.lntiu inonta
redeemed. And all tbis time there lies V
untouched in tbe treasury vaults
enough silver bullion to make $160,000
000 standard dollars, not covered by
silver certificates, the absolute property
of the government. There Is nowhere
a shadow of law or reason why it
shouldn't be coined and used on an
equality with gold.
A financial crash may come. Its im
m"diate effect would be to cause uni
versal loss and suffering except to, plu
tocratic pirates who would seize upon
their opportunity to fuitber rob the
people. But if the people have to
choose between the permanent estab
lishment of the gold standard, and a
financial crash that will wreck the
present financial system, there can be
no question as to which they should
prefer. Tho former means universal
and perpetual bondage for the toiling
millions. The latter means temporary
suffering followed by a universal
awakening and that in turn will result
in the overthrow of plutocracy, and
the establishment of assund and just
Tub economy practiced by the legis
lature in making appropriations will do
very little good if the same extrava
gant and wasteful methods of using
these appropriations continue. In that
case the deficiencies will have to be
made up two, years from now. If
Governor Crounse values his reputation
he will see that his appointees live
str.ctly within their income.
The State Journal, as the old laiy said
about the devil, ha some good points.
It is showing a great deal of spirit and
vigor In showing up tbe Powell murder
at the penitentiary. There Is however
a strong suspicion that the Journal Is
actuated solely by parthoa motives. If
Powell was murdered the guilty pirtlcs
are democrat. She can't find time to
make aay exposures thai will fix guilt
Moshkr lias been arrested again, aud
uyaln lj la bcgg.ng to ba alio ved to go
to tho peuiietitiary without trial. A
goo l many people uro belrniugto sus
pet that ho Is ufraid a trial will bring
out facts that might Implicate some of
That IP.uo wind mill and feed
grin jer will no to souubodv Juna lt.
! l.t l llll tl'lll lCi'Ht., 1,1 U-. , U I.... 1, It
, , "v" -
jou uou v uesu ii, wo win udver lie it
for ou aud you'U kavo no trouble In
went in lavor of muuieipal owncrahlp.
I'ro-ervu ,t for future reference.
w " t
WKar gtmitkd.to know that to
many of our leader hv nv utioned
' eolutua of Ntef uomt noe
getting lo bo a vcy latcre.Uu
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