People's Pilot, Volume 4, Number 38, Rensselaer, Jasper County, 9 March 1895 — IN A PREDICAMENT. [ARTICLE]

IN A PREDICAMENT.

COLD USED TO PAY CURRENT EXPENSES. While an Enormous Surplus of Other Money Lay In the Treasury —The Ool«l | Reserve Myth Exploded—Bondholders on Top. | Although the administration ob- . tained by tho sale of bonds during last year $117,380,282 for the alleged pur- ' pose of redeeming greenbacks and treasury notes, yet Mr. Carlisle Is now j forced to admit officially that with tho j exception of $12,378,451 every dollar of ! that gold tv as used to pay the current , expenses of the government. The exact : amount of gold used for meeting current expenses was $105,002,143. The report of the treasurer further shows that on July 1, 1894, the unexpended balances of appropriations aggregated $78,291,105, and the total I amount available for expenditures on | that date was $364,510, !11, making the total available appropriation on July 1, ! 184)4. $442,907,520. The expenditures during the six- months ended December 31, 1894, amounted (o $168,952,480, Delving an unexpended balance on January 1, 1595, of $255,955,059.

You see the bonds were issued to keep up the gold reserve. Wonder why the proceeds were used for current expenses. The republicans like Reed, say because of lack of revenue. Somebody has surely lied. With $250,000,000 of surplus in the treasury, it is strange that the goldworshiping administration should have allowed the sacred gold reserve to be spent, for anything else except to maintain the parity of gold and silver. Funny government, anyway, that mortgages the country to buy gold to pay current expenses when it already has a surplus that it can’t appropriate fast enough to keep it from crowding the vaults. This is an awful conditfon that so much money should gal. piled up In the way of the, policy of the administration to issue $500,00:),€00 of bonds. This is a predicament. Why don’t Congress at. a hustle on itself and appropriate money to t; :y more gun ? Clear um uetm—get this base money out of the way. so that tho hk t can store up the gob: he is buying. Money must not be allowed to ne tmulate when all the noney lenders of the world ore clamoring for a chance to lend us gold on fifiy-year bonds. They must be accommodated, or t.l ey will bust—and great will be the b .at thereof.

The parity of gold and silver must be preserved if we have to buy all the gold in the world to do it. Just as soon as we get. all the g: d, then the money lenders Will restore f Iver and we ean buy that at the sa io price. We must save the money lenders. If we don’t Grover won't get his i iy from Mr. Rothschilds. Here’s all hi) confounded money piled up here, r id when the people pee i they are lb) le to kick us off the continent for borro trine more We must appropriate or perish. The gold r Mm-•• e was r :: o 1 scheme but now we’re in a pretty mess of bugs. The papers have been prying into the private afTa’re of the government, and found that we had plenty of money all the time. The bondholders are losing confidence and some of them are getting scared. They have awful dreams at night of dynamite and wet elm clubs .. 4 hemp, and “death to inter* at bearing bonds.” The President now has a hundred policemen to guard his palace, and he gets letters every day from workingmen asking where they can find a job. He actually waked up right in the middle of the night ore time lately and wondered what the people were kicking about. He Is p'oravous isn't that what they eh tod Ilm ‘‘or? Even the fossilized old mu- any show in the Senate is■ stank d to think t.l t the people sho :ld r ‘to 1 now what the government is domg.