People's Pilot, Volume 6, Number 10, Rensselaer, Jasper County, 27 August 1896 — Gold Cannot be Retained [ARTICLE]
Gold Cannot be Retained
A distressing want of money is painful'y felt by labor, and e very branch of business. Gold has been steadily sent to Europe for the last eight years, to be paid to Europeans living in Europe, on account of large permanent investments in railroads and other valuable securities of our country. This is afixed condition, and will operate for long years to come, as it has in the past, making it certain that gold will continue to be exported and that gold cannot be retained as a steady basis for our financial system. The free coinage of silver will give employment to labor now idle; the free coinage of silver will add to the values of farming and other properties of all kinds,
and give stability to values. It will make the United States less dependent upon foreign money lenders, a dependency painful to patriotic Americans. Free coinage of silver equally with gold, will cost the government of the United States nothing; it will cost the people nothing. Business and money distresses will disappear and abounding prosperity will reappear, in our now afflicted country. A. Wolcott, Aug. 20, 1896. Wolcott, Ind.
From the Chicago Record, Aug. 27.
