People's Pilot, Volume 5, Number 29, Rensselaer, Jasper County, 23 January 1896 — THE LATEST GOLD PLOT. [ARTICLE]

THE LATEST GOLD PLOT.

Only a “■***• Play" to Secure Mora Bonds and Taxes. The final move in the latest gold plot has been made. The president’s third message represents the danger that “threatens” us of losing an adequate gold reserve and requests that congress do not adjourn until it shall have passed remedial financial legislation. Mr. Cleveland desires to fasten more firmly upon this country the rule of gold monometallism. His motive in this determination need not be speculated upon in this discussion. The friends of free silver, however, see a double nieaning in each step which the president has taken since congress met. His general message was Mr. Cleveland’s first card. He pointed out that financial legislation was needed. He referred to the alleged absurdity of the silver craze, dismissing the claims of free coinage without argument. All his talk was of gold, and his message was plainly a suggestion for another bond issue. , For some Inscrutable reason Mr. Carlisle’s supplement tb the president’s message was delayed. Was this a play for effect? Mr. Carlise came out boldly and said what Mr. Cleveland had hinted. Bonds, bonds, gold and bonds was the burden of his song. Then the “war message” was sprung. The hallowed shade of Monroe was called up and set to the ignoble task of tail-twisting for political effect. The ever-ready patriotism of the American people was roused, perhaps to a point upon which Mr. Cleveland had not calculated. There was much “war talk” and securities in Wall street took a great slump under the hammer of Lombard stret. The Rothschilds conferred with other barons of London in one of those ostensibly “secret” meetings. Immediately the representatives in Wall street of British money lenders announced their intentions of withdrawing several millions of gold from the treasury. On the gold basis things looked a little squally. While the country was in the throes of excitement, and those who fall down before the gold fetich were anxiously watching the fading reserve, came the president’s third message advocating prompt action by congress to maintain the gold reserve. Close upon its heels followed the Inspired story that a deep, dark British plot has been hatched to rob us of our credit through the reduction of our much-talked-of reserve. Then it was given out from the cabinet that the president favors the issuance of a billioh dollars of gold bonds. England could never drain such a reserve as that —never! nevUr! She could not, but the burden of a colossal debt would have been fastened on us. Will congress respond to the Groverian command? Not if the vote in the senate on the coinage resolution and the sentiments of senators be any indication. There is a remedy and the senate has seen it and consented to examine it. It is the free coinage of gold and silver. The passage of a free coinage law by the United States would create more real consternation in England than a declaration of war. —St. Louis Chronicle.