Show how ll 11 is worked the government and alie gold syndicate have tried keeping up the gold reserve and failed the bankers of course reaping heavy profits on the yellow metal on which they have held a corner day after day month after month have witnessed a decrease in the reserve and the gold drawn out under thedie given that metal by decisions of that apostate from the of silver secretary carlisle who allows the whole financial machinery to be run upon a gold basis then the limited gold coin is cornered by alie bankers another issue of bonds becomes imperative and a member of the frojd syndicate writes to the president you are doubtless aware financial affairs are reaching a serious crisis I 1 became convinced that any legislative action to improve the methods at the disposal of the executive was unlikely in fact impossible I 1 therefore took aters to ascertain whether it would be possible po sible to obtain the operation cooperation co of parties at home and abroad to an extent that would enable me to negotiate a contract with the government for the sal of ounces of gold approximating on about the basis of the contract of february 6 1895 in this effort I 1 have been successful and am ow in a petition to make such a contract for the full amount I 1 do noc hesitate to affirm in fact urge that such contract would in every way be for the best interests of the government and the people and would be followed by less derangement of the money market of trade in fit t of all interests inte including foreign exchanges all of which until recently in such an increasingly crea singly pro condition and I 1 urge your serious consideration of such a con tract that letter wa sent to the president a few days ago but the contract of 1895 to which the letter refers was not renewed it became an open secret that under that contract the syndicate pocketed more alian nine million dollars as tho profits of one days work the bonds were taken on the market and bought up in a few hours at an advanced rate which enabled the syndicate to reap the enormous profits stated then the game schemers through agents set about drawing out tho gold jut cold to uncle barn until today another bond issue is being advertised but this time it will not be confined to syndicate other bankers will be given a chance and alie profits will be divided in eliat style the have been and are robbing uncle sam they anro like tho story told of david crockatt who with a friend sold A coon skin to a country merchant in the bouth for a drink of whisky the skin waa thrown under the counter and through a knot hole was secured and resold again and again until the merchants waa emptied under our present system of national finances the limited gold supply of our country is used by the bankers in the same manner as that coon skin was used and unless the policy now pursued is changed oar coin of ultimate redemption increased by the crep aaa of silver bloating will go on until anole sams credit is gone it makes not much difference whether the gold is drawn out by a favored few bankers and they permitted to replenish it at enor mona profits or whether the whole class take a hand in the business on the plan of popular subscription as the present bonds aro about to be issued alie remits are the same and the nee cinga though ex tended over a little wider area will eventually gravitate to wall street in new york and lombard street in london from whence the golden wires all radiate it is time the people pal a stop to that system of plunder by enlarging our coin beyond the control of those shar pers and the way to enlarge it is to give due recognition to silver utah will demand that her representatives use their beat efforts to accomplish this and devir give their sanction to the issuing ol 01 more bonds UTAH is new in alie matter of choos ing a president of the united states but it seems to us alie west might well put forward some candidate for alie convention held next year what need is aber of letting one section of our country where the lists all the nominating we hah an fn fable n in att they have in the east THOSE who allege fraud in the caucus of arthur brown for united stated senator do not know what they are talking about mr brown bravely and openly battled for the honor that is to be conferred upon him and won the adny hi chief opponents recognize his entire fairness throughout the campaign majorities rule in political caucus of course and as such the republican legislators will now be in honor bound to give their united vote to frank J cannon and arthur brown for first senators WHET th local courts get in full awing and other conveniences of statehood are inaugurated the people will not feel disposed to murmur at their small increase n taxes |