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Would Prefer "gold" Instead Of "coin."

Would Prefer "gold" Instead Of "coin." image
Parent Issue
Day
17
Month
June
Year
1898
Copyright
Public Domain
OCR Text

It Is impossible, even in the face of grim war, to keep down the ghost of gold monometallism. Secretary Gage has recently stated to the cablnet that he was assured in his interview with New York bankers whom he lately visited, that the government could have floated its war loan at a much lower ratO of interest if the word "gold" instead of "coin" were placed on the bonda. However, the secretary reeommended the higher rate of interest and to adhere to the wording prescribed by congress on the ground that it was not best to "arouse the hostllity of a controiling silver sentiment in the senate." You can trust a banker every time to insist on gold bonds and gold contracts of every kind unless compelled to adopt a different policy. But the stubborn fact which our banker-secretary is forced to recognize is that the United States senate is not yet willing to renounce bimetallism. To take one more step in fastening gold monometallism on the country would just now partly counteract the tendency to better prices for all products of labor. To have money plenty and widely clrculated among the people and the farmer able to sell the produce of his farm at a proflt, seems to act like a red rag to a buil to the money syndicates and their subservient patrons.

Article

Subjects
Ann Arbor Argus
Old News