People's Pilot, Volume 4, Number 35, Rensselaer, Jasper County, 23 February 1895 — THE PUBLIC BUSTED. [ARTICLE]

THE PUBLIC BUSTED.

NEITHER A THEORY NORA CONDITION, BUT A PREDICAMENT. President Cleveland Makes an Urgent Appeal to Congress for Immediate Issue of More Bonds to Sustain the Golden Calf. f Apparently the gold bugs and bondholders are getting Impatient. Hence they had their President write congress a special message. Even the regular appropriations are to be neglected until the bankers get their special demands. He wants the friends of plutocracy in both old parties to rally and' make a non-partisan fight for more bonds and a gold standard. He wants bonds issued payable principal and interest in gold—since Wall street has officially informed him that the present form of bonds do not mako a good investment. He thinks the gold reserve absolutely essential to maintain our “high national character.” He says that not only are present conditions irritating to capitalists but that “those of our people who seek employment as a means of livelihood” are getting restless. Changed conditions have turned the eyes of foreign investors upon the gold of the government, and to maintain our credit with them, the gold must not be allowed to become low in the treasury bank. The idea of issuing bonds payable in gold is a dandy. There is not enough gold iu the world to pay the interest on obligations—henee to make the principal payable in gold would simply give the capitalists a corner on the earth —and that is just what Grover wants them to have. He wants bonds issued payable in fifty years, believing that the present generation has all it can bear —and of course measures must be taken at onca in order to enslave the next generation of people before they are horniest they might not be born with a disposition to submit to such an outrage.

He wants the duties on imports made payable in gold—which would, of course make gold sell at a premium and would be highly beneficial to bankers who have the gold to sell, and the means to draw more out of the treasury in case they run short. He wants a “sound financial condition.” lie admits that the issue of bonds so tar has proven a failure —but in the same breath goes on to recommend the issue of five hundred millions more payable in gold. He says speculators have reaped a harvest —and of course he wants them to reap some more. Grover is the most abject unblushing tool of Shylock that ever disgraced the President’s chair in America. He is worse than John Sherman—anu either one of them is worse than the devil. He says lack of confidence is what is the matter—but how a five hundred million dollar increase of the public debt and destruction of the best money in the country can restore prosperity he does not attempt to explain. [ The bankers are only people he

considers or asks consideration for. The main question he says is the retirement of government paper, and the substitution of bank pnper based on a government debt and a bank debt. Two debts behind every dollar of bank paper would of course make it “sound.” He admits that the country la in a predicament, and recommends that it be destroyed altogether. His evolution, from public q|£ce being a public trust, to the < ontension that he is in a predicament and wants to turn the v/liole thing over to the devil, is a remarkable exhibition of grand and lofty statesmanship having a fit in a mud puddle. He compliments the people very highly on their industry and ability to create greatness and wealth to rule over them. His bosom friend, Sherman, also suggests that the laborers of the country should bo asked to come forward with the money in their stockings and replenish the reserve for the benefit of the bankers and speculators. Grover suggests that while he is not unfriendly to silver, that he and the bankers don’t want, it made into money. He has no objection to the great Creator having made silver, but thinks it confusing considered in connection with gold, which is the money of God and the speculators.