People's Pilot, Volume 5, Number 40, Rensselaer, Jasper County, 9 April 1896 — Page 1 Advertisements Column 1 [ADVERTISEMENT]

HERE'S YOUR GOLD BASIS BANK. “Paper Currency Good Around The Entire Globe.” Jh To Retire The Legal Tender Notes, Treasury Notes, Gold and Silver Certificates. Two Kinds of Gold Basle Paper Money With Xo Gold Behind Them, Neither Kind A Full Legal Tender. About the most infamous proposition ever submitted to the American Congress is that contained in a bill now pending, a full text of which is given below. It is ingeniously drawn to deceive the people, but a careful inspection reveals the fact that it practically provides for a privately issued paper currency without even one per cent of gold behind it. The law provides that there shall be nine per cent of gold behind the deposits, (and even that need not be gold, but paper money of other banks,) but nowhere is there any specified amount of gold, or even silver required to be kept in reserve to redeem this new kind of paper money. A critical inspection of the bill will show that part of this money has nothing but air behind it and is no the wild cat and red dog currency c/f the\old state banks. Here is the bill. / 54th CONGRESS, TJ T} A J Ist Session, tl . 11. 0442. IN THE HOUSE OF REPRESENTATIVES. February 24, 1896. Mr. Fowper introduced the following bill which was referred to the Committee on Banking and Currency and ordered printed. A BILL Totake the United Slate. Government out of the banking bu.lnew, refund the national debt, reform the currency, and to Improve enr banking system. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there shall be four ministers of finance appointed by the President, by and with the advice and consent of the Senate, whose term of office shall continue for a period of eight years,