People's Pilot, Volume 5, Number 25, Rensselaer, Jasper County, 19 December 1895 — RETIRING THE GREENBACKS. [ARTICLE]

RETIRING THE GREENBACKS.

President Cleveland, as was expected, recoraends the retirement of the goyernment notes which, he says, are used to draw gold out of the treasury, We have before this alluded to the brilliant policy of maintaining a gold standard by simply making it a barren ideality. Nothing can more clearly show the absolute dishonesty or stupidity of forcing a gold standard and geld redemption than this attempt to do away with the legimate de- > mand upon gold. The government is finding it impossible, of course, to redeem from 300,000,000 to 400,000,000 of paper with 100,000,000 of gold. In all the banking of the world that was based upon gold, this impossibility has existed. There is not enough gfold to redeem our paper, and for the government or a bank to issue millions of paper promises to pay gold, when it knows that it has not and will never have enough gold for their redemption, is a clear-cut confidence game, worse than has been played by many men who are now in the penitentiary for their crimes. A gold basis for a circulating medium is a fraud and a lie, and the President’s message proves it. .These gold fellows are all the time talking about honest gold money, when they are favoring the issuing of four or five times more paper than they can redeem. It is a question whether their dishonesty deserves censure more than their * thickheadedness needs pity. One Minute Cough Cure is a popular remedy for croup. Safe for children and adults. A. F. Long,Druggist. What folly it is to pray, "Give us our dally bread,” If we have devoured widows’ houses, and go to church with tho cash in our pocket