Show THE GOLD RESERVE AS A FOOTBALL FOOT-BALL Those bankers and others who associated asso-ciated themselves together under the name of the bond syndicate have demonstrated dem-onstrated their ability to do what they will with the gold reserve of the treasury treas-ury They drained the treasury of its gold to such an extent that they forced the administration to put forth bond I issues upon practically such terms as they chose to dictate and the terms as I was but natural were all advantageous to them They succeeded in forcing the last loan but were unable to dictate the terms of Its issuance this through the outcry of the American press against their further domination of the treasuryan outcry which the administration adminis-tration itself could not ignore so loud had It become Still they reaped a great benefit from it Now these same gentlemen are importing im-porting gold from Europe by the millions mil-lions Moreover but a short time ago they voluntarily apparently so at least covered many millions of gold into the treasury when the reserve got below a hundred millions Why they are importing im-porting gold at the present time is not hard to see To the citizen who knows not of the workings of these bond syndicates syn-dicates and combinations of capital it looks as though they were fearful if they continued their raids upon the treasury that an outraged public opinion opin-ion would compel the treasury authorities authori-ties to exercise that discretion which the law gives them to pay out either gold or silver as coin and that in the exercise of it silver would be paid out That policy which is the proper one once inaugurated would have made it forever impossible for them to again get the treasury within their control The great lack of confidence in our currency system of which the gold men talk so glibly and so volubly and which they lay to the agitation for free silver was brought about by the operations of the gold or bond syndicate which made of the treasury reserve a football that they kicked about for their own amusement and profit The control of the treasury was surrendered to them through Mr Clevelands blind and bigoted big-oted devotion to the single gold standard stand-ard Having brought about this lack of confidence and seeing how disastrous disas-trous has been its consequence they are trying to restore it by importing gold and keeping up that gold reserve which they raided and reduced Their action now is no more patriotic than it was then |