Show I 1 j qt Q I ABAD 0 11 0 4 I 1 AS tread TREASON 19 ON PAYING OUT GOLD TO RETIRE ina THE greenbacks GREEN BACKS of 80 who ahn awas odd WM at t a premium I 1 the common people were prosperous the rie r za baale diess chain as a weapon 1 an aa Ilustr allon it there them to la a paper in the country that i can be fairly said to be gold blind I 1 it ft Is the times herald it to Is so BO mentally dazzled by the glitter of its idol gold that the rules of logic 1091 c the principles of at justice the doctori doctrines nes of 01 sound fi finizee ninee and ev even en the difference between truth and falsehood are all deemed wholly inconsequential in L its discussion of the silver qu question buealon eAlon for example in its issue of the 1 ath it begins an editorial with the following statement assistant treasurer conrad J JO jordan r of the at ne new w york should be disciplined by his official superior in decor accordance dance with law and practice a broker named erman successfully successful lf presented greenbacks green backs at the at new york for gold with which to buy some of at the new bond issue that to Is one of the lawful functions of the greenback un under der the existing law the greenback may be presented at the for redemption in gold and when gold Is as asked ked its aa redemption money the Is bound to pay it out so BO long as uncle sam has any gold in his bis possession then it proceeds to describe how zimmerman repeated the transaction drawing out gold three times and delivering it to his client who used it in purchasing bonds until finally jordan refused to let him have any more gold for this refusal the times herald in a feeble beebie attempt at facetiousness chides mr jordan jardan for usurping the prerogatives of the 87 per cent of the population of the united states above the ago age of ten years saying such a monetary system Is theirs by choice and he had no business to check a picturesque illustration of its logic its symmetry and its necessities facetiousness Is all well enough in its way but when it Is based upon downright premeditated falsehood one needs an abnormally developed sense of humor to fully appreciate it the statement that the treasurer Is legally bound to pay out gold as redemption demp tion money on demand does not contain even the smallest grain of truth there Is no law upon the statute books of the country which makes gold the exclusive money of redemption the treasury department does not pretend that there Is it if there were mr jordan could have been and compelled to pay it no mattoi matter bow many times zimmerman presented greenbacks green backs tor for redemption the treasury department in paying out gold exclusively does so it Is claimed in pursuance of the statutory declaration that it is the established policy of 0 the united states to maintain the parity of gold and silver this Is merely declaratory of the purpose of the united states and it Is as aa different from a mandate to pay gold on demand as any one thing can be from another when the secretary is confronted by that declaration the question which instantly arises Is how shall the parity be maintained of course he must a act ct according to his sound discretion in deciding instead of doing so he surrenders his discretion absolutely to the creditor aad allows the latter to say which coin he will take under such circumstances it if gold becomes in the slightest degree preferable to silver the creditor will naturally demand gold and each additional demand upon that metal makes the difference greater the whole aim of the gold standard has been to break down silver and boost up gold in this delectable work the treasury department has been a strong ally not secretary carlisle alone but hla his predecessors foster windom and others have cons constantly bantly spoken and acted upon the assumption that silver Is interior inferior debased and degraded money the creditor has baa been told in effect that gold Is the only good money and that it if he wants gold he can have it in short the treasury has carried out the p policy q licy of maintaining the parity between gold and silver by keeping the tha silver idle lu in its vaults it is claimed of course that if gold had been refused the silver would have depreciated how why they say sat those wanting gold would have to go to the banks and ama pay a premium in order to get it but conceding that this might be it would not mot constitute a depreciation of at silver it would be merely a bankers commission for makin making g the exchange if the silver maintained I 1 its ts purchasing power dower it would not be depreciated precia ted the difference would represent a premium on gold the goldlee has constantly sought to enforce the idea that a premium on gold meant ruin to 16 our finances and yet w we e have r recently e seen gold at a freml premium uan 0 of f I 1 A per cent in new york and only a few days ago it was at a premi premium of nearly 1 at I 1 the bank of ID england right in the conr charmed ed circle itself it does not appear r that this premium had any very marked effect on the busin business essof of either country middle aged citizens can remember I 1 when li gold stood at measured in greenbacks green backs A green greenback Nick dollar was only worth mout about ts 36 cents in gold or silver but the world still moved the austn busl nesa orthe country went right on an ain and d the deop 11 e 1 as abad wi were te far more A prope roua ta ar 1 are now itow 1 z I 1 after 1 1 ly ar iii ah that r cheha the k g I 1 iiii binds the ii sury 1 raTto to I I 1 par ii 7 boldon id oil 10 lo 0 atah inand d r the th e almes heava ii a faiai in alsta I 1 ahk that we jon execute SCIA K ake alws son mcnae to a order F Z j t 4 7 Z i 4 r z t V 7 gi U il i rl I 1 s a ac 4 i s el I 1 I 1 ve I 1 people aholt Is sald enactor that aba t the the cwm law bb shall receive I ft lesson I 1 I 1 enacted having people never the law of 0 being no there such a law and the kini kind in exia existence ence why the people should be loaded down with interest bearing debt as j a pun punishment johrent joh ment so to speak Is a mystery that probably nothing but kold gold standard philO philosophy dOPhy can solve afie truth Is the law has received an interpretation tit utterly terly at variance with its ita plain meaning tt it was tended intended in to maintain the gold dollar and the silver dollar upon IL a I 1 plane of at absolute equality the only difference as standard money being where otherwise stipulated in the contract but there was waa no such bud stipulation in regard to the redemption dem demp tion of the gi greenbacks green backs and la in such cases the two dol dollars lars are of exactly equal merit has ba so but the treasury department construed it as to absolutely create the gold standard and the times hei heiau ald endorses that construction having done so it now says put on the screws mr secretary and let the people see the perfect worl working ding of the endless c chain pay out gold lo 10 whomsoever whom wever demands m ands it issue bonds and load the nation down with such a b irden burden of debt that irl in an agony of despair the people will be ready to concede any anything thing that t the money power way may demand the reader will of course understand editorial which V i 9 that tho upon have been commenting is inte intended to show efio that the greenbacks green backs should ba b retired and the banks allowed to control the currency as their interests might dictate H F bartine Bart lne |