People's Pilot, Volume 4, Number 42, Rensselaer, Jasper County, 6 April 1895 — WHO RAIDED THE TREASURY? [ARTICLE]

WHO RAIDED THE TREASURY?

Au Apology Is Due the Bankers of New York. Col. Van Horn, in his letter from Washington, published in the Kansas ■City Journal of Feb. 20, makes some very strong points against the treasury department and white house gold conspirators. We clip the following from that letter: There is one feature of this gold borrowing that I have not touched upon as yet, for it has only been officially known tor twenty-four hours. It puts the confidence game of Mr. Cleveland in a much clearer light, and were it not that the king can tell no falsehood, the argument of Mr. Cleveland’s message would be based upon a false .statement. It will be remembered that he urged the fact that the borrowed gold was withdrawn for greenbacks and exported and hoarded, while the treasury notes being paid out again were presented time after time without limit. To cure this circumlocution drain of gold he asked for a $500,000,000 gold loan to redeem and retire these notes, and thus protect the gold reserve. As the gold reserve was a mere fiction to keep these notes at a “parity” with coin, where would be the use of protecting a “reserve” foi their redemption when they had been redeemed and canceled? This plain statement would convict anyone but a president of incosistency and special pleading, to use no harsher term. Now, let us see the confidence game Iplayed by this argument in the mesmage. Recently Secretary Carlisle i sent to the senate in answer to Mr. (Orrman’s resolution the astounding .statement that the gold supply had ten diminished since he took the 'office $172,674,315. And of this amount “‘>105,002,143 was directly or indirectly dwuoted to current expenses.” Nftr. Cleveland in his message told congress tihe shortage in gold was from the reI demotion of treasury notes and was I used for export and hoarding. Secre--1 tray (Carlisle says that more than halt of lit was paid out for the running expenses of the government. The fact stands out that Cleveland himself was ; the gold raider, and while j trying to stampede congress into free ; coa'i ;and free iron from his Nova Scotia ,and other Canadian friends, he 1 was paying out the gold reserve and borrowing gold to make good the def- | icits ire was creating in the revenues, i And when this job was through he ; tried to .stampede congress into a $500,j 000,000 fifty-year gold loan to remedy ■ the gold famine he had himself created ' by taking '5105,000,000 of it to pay current expenses. I confess I do not like to use the language toward a president .that this plain statement • of facts from his own mouth and that ©f his secretary suggests as merited— I ©ndy leave it ,to the reader to say whait (the language would be were this ' esmftnut that .of a private individual. Possibly the country may have to talk® back some of the charges made against .the foreign and domestic gold trnat—ifor it is very clear that Cleveland .took out more gold than they did —®nd (that he actually depleted his ressnue sand then blamed it on them. So affiter sail it seems their contract to ikecffs tilhe raiders off the treasury was awl .«» great a job as at first blush it Heemed Ito be. It now remains for congress So protect Mr. Cleveland and Mr. Carlisle. A great deal is said about alien landlordism, but to the victims of landlordism it matters little whether they be aliens or the home variety; the result is the same.