People's Pilot, Volume 3, Number 33, Rensselaer, Jasper County, 2 February 1894 — A Dialogue- [ARTICLE]

A Dialogue-

Cincinnati Enquirer. Scene—The Treasury Department. Characters: Secretary Carlisle. Mr. Midas. J/r. Midas. Are you redeeming United States notes to-day? Secretary. Oh, certainly. We are always in the “parity” business at your service. M. Well. I have $59,000,000 here. Sec. All right. Here is an order for the gold.. M. • What are you selling five per cent, bonds for? Sec. Hundred and eighteen, which makes it equivalent to a 3 per cent, loan. M. Well, I will take $50,000,000 of them. That will be $59,000,000. This gold order you gave me will just pay for them. Sec. All right. Here is an ’order for the bonds. Exit M. Mr. C. (solus) Well, that was not such tin awful smart trade, after all. I have his greenbacks and he has the government bonds. The gold reserve is not increased a dollar. I gave him $59,000,000 gold coin for his greenbacks, and he gave it back to me for the bonds. So one hand washed the other. The government borrowed $59,000,000 of its own greenbacks for 10 years at 3 per cent. That was all.