Show GOLD obligations ILLEGAL kansas has just passed a law that declares all ill obligations made payable in gold chojn coin null and void nebraska was the first state to pass a law against cold gold obligations if an unbiased ed opinion could be obtained ironi from the united states supreme court an opinion free from fronk the political prejudices entering into the last national cam campaign camp palan aien all g gold old obligations would be declared illegal leeal il if the creditor is allowed to make debts payable in gold coin be can make them payable in gold bullion or in diamonds or in any other commodity of constantly increasing value thereby making the debtor bear a burden that can ba made unbearable just so certain ly as a commodity can be cornered and given an inflated value when a contract reads gold coinon coin it simply means so many ounces of S standard t edard gold lor tor inasmuch as the debtor is inhibited from paying in any other form of coin the inscription on the metal which makes it coin is entire ly without significance A debt calling for standard gold is an obligation paja payable in a commodity and ie is an individual mandate setting at defiance the laws of the united states providing lor a monetary standard for all dents public and private As is well known the great creat diamond mines of the world are owned by a syndicate that has hats absolute control of the output if a debt can be make pay able in gold bullion then it can be made payable in diamonds let lot us suppose that the placers of the klondike yielded this season and that an enormous outflow or oi gold from the yukon alarmed the bankers and the manica gators of the finances of the world and that the financiers decided to make diamonds the consideration in each bond fearing that cold gold would become too plentiful jand and therefore too cheap that they would go further and have diamonds by the great nations of the world and coined by certifying ta their weight and quality much tho same as Is now 1 the practice in the tho kimberly district south africa would it not follow that every creditor desiring to be paid in the best beat and dearest money tho the world over would demand his pay in diamonds and what a tremendous tremendous market it would make for solitaires aires alres and what an advance in value would attend the of diamonds I 1 how low completely at the caprice and avarice of the syndicate commanding the outa output ut of diamonds the financial affairs 0 the world would be those who are now upholding the gold standard would rise up and inveigh against those abo who be found de fend fending ing tho right of the people to pay in gold or silver coin the obligations forced upon them payable in diamond coin coin and the cold gold and silver advocates would be branded bathe by the capitalistic classay class as repudiators I 1 |