The Alliance-independent. (Lincoln, Nebraska) 1892-1894, April 27, 1893, Page 4, Image 4
TilE A L L I A N C E -1 N D E P N 1) E X T. APltIL.27 JODa. THE iLLUKGB - MPIDIT CanaoUdaUoa of tb funis illlanccSeljnslLi Independent fUBUSHXD Etkkt Thtosdat bt Tex Alliance Publlsuing Co. Oor. UU Ba4 M BU., Lmooln. Neb. BOABB OV MBBOTaBS. ft B. Two mtob, Pre . H. 8. How bk. K. A. Mobbat. B-s't. f MinriBD, Treaa. . B. 8. LITTLBHILB. Subscription Osb Dollar per Year bV Iinr Tbobrtob,...., Jobb r. Mbpvckd, ..... Kwuab A. Mobbat.... , MwjifiD Editor Bimidvm Manager Advertising Hits N. L P. A, OUR AVERACE Circulation for Six Month Ending Sept. 20th, 22,034. Publisher Announcement. Tbe anbarrlptlon prlc of the AM.uwcb-1m-BBfCMUBNT 1m 1 u imr year, InvarU-bly io ad vance. 1'auur will ba promptly discontinued sseiplraUou of Um paid for uuleaa we r 09 It uordnr to eqaUaua. . 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 Often you write u do not neglect tbla lmiKrt Bnt uiaiu-r. Hvery week we receive liur with Incomplete addnwaea or without lna turee Bad It la sometimes difficult to locate hem. , . , CHAVOBor ADIiMBHe. Subscribers WlnhlKB to change their pnetofflce addreiui mutt always jrire their former aa well a their present ad dress when change will be promptly made. AddreaN ail letters and make all remittances Beable to TUB ALLIANCE I'UH. V)., Lincoln, Ned. KANSAS B00DLEE3. 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 him." 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 td UtcW-yVH-blon: ' 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 remarkable admission: "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 Deeded." 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 past. 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 doubtless true. 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 gold certificate 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. SILVER DEOSAVKD. 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 tract." 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 greenbacks. 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 gorrrnment. 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 ver bullion. 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 ever known." 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 serve fund. TIIE CATJSK. 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 been exported. 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 countries. 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 Times stys: "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 excitement. 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 statement: 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 commodity. "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 the 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: CU;vt:t..xi M'kim. 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 (ration 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 remains unimpaired of our people, which has never failed in wm oi neea, is at hand to save us from disaster." 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. WHAT NEXT? 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 financial system. 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 on republicans. 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 his accomplices. 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 actlit.g it. 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