People's Pilot, Volume 4, Number 37, Rensselaer, Jasper County, 2 March 1895 — A Little Aore Sleep. [ARTICLE]

A Little Aore Sleep.

The infamy of the proposed fifty-j-ear-half-billion gold bond issue increases as one studies it. It was proposed to replace that amount of greenbacks and other paper money on which the peo pie are paying no interest by bank money based on the bonds, dollar for dollar. This, then, would be the result: Bond principal to be repaid, $500,000,000; simplo interest, #750,0ub, 0 Jo; simple interest on the new bank notes at six per cent., $1,500,000, • 000; grand apparent total, $2,750,000,000. \Ve say ‘apparent,’ because the interest received would be reloaned—compounded. We dare not compute that! But the amount as given above would require of 50c wheat five billion five hundred million bushels, or ten average crops! Of 5c cotton it would eat up 117,021,276 bales, or nearly fifteen average animal crops! Or, to meet the interest only on the bonds and bank notes would take all the earnings of an army of 150,000 sl-a-day men! Is it not immense for the Wall street brigands? Remember, in this connection, that when this scheme was voted down (for the time being) in the House last week, it was the Populist Eight that killed it—the vote being 122 for, to 130 against,—and thus saving the greenback from the fire, for the present at least. The 122 for the Cleveland scheme comprised most of the Republican members, including Reed : who had posed as an anti-gold-bug. If you think, Mr. Voter, that “a little more slumber” on your part will induce the gold conspirators to cease their plotting and stealing by-law, you will richly deserve to lose ail you have. That is what they are after.—A. H. in Hartford Arena.