OCR Text |
Show not. This is the old feature of green-backism, green-backism, which, in brief, is that government gov-ernment is endowed with omnipotence through its ability to create something from nothing more tangible than credit or faith that it was not really necessary neces-sary to hare either of the precious metals met-als in the treasury or in the hands of the people at all while printers and engravers en-gravers were competent to get out money in any quantity desired. The history of our own and other countries has so uniformly proven how utterly unreliable such a financial system sys-tem is and how disastrously it has invariably inva-riably resulted wherever it has been tried, and how completety it has uniformly uni-formly driven both gold and silver from circulation wherever it has been adopted, adop-ted, that we feel impelled to say the miners of the, west and the people of the couniry at large have in the alliance a frienahip for silver whose utility is verytioubtful to say the least. OF DOIBTFTL I TILITY. The decadence of the farmer's alliance alli-ance as a political organization, as indicated in-dicated by the recent elections, cannot be seriously regretted by the men of America who favor the maintenance of a safe and a sound financial system. While there are some good features in the alliance party creed, the financial part thereof is sufficient to condemn it. It is bad enough that the treasury department de-partment should be now, as it has been for years past under republican and democratic administrations, engaged in the brokerage business in the pur- cnase 01 silver bullion, which is not a proper function of government, but that it should go into the business of lending money at 2 per cent or any other rate is preposterous. The prime absurdity of the alliance creed, though is its requirement that the treasury department de-partment shall enlarge its facilities for printing and engraving sufficiently to get out paper money in sufficient quantity quan-tity to net all the way from 150 to $1000 per capita in the United States without regard as to wh.her there shall be specie spe-cie or bullion adequate to secure it or |