The anti-monopolist., 1876-06-22
WHOLE NO. lO2.
4 CONSPIR4CY4G4 THE PEO-
PIE.

A CY4G4LNSTTHEP PEO-
PLE
we find in the papers the following
curious confession which bears on its
face the impress Of truth -
PARIS. May II have recently been IN the
employ en- @ OF one OF the Leading banking houses
American public that they should be made ac-
qualnted with one of the most tremendous
| financial operations ever known in the history
OF mankind. was trained early III life for
financial career, and | learned to write and
speak huently German, French. English. and
Dutch.
In my confidential relations with the various
great banking houses-as correspondent for a
4 leading nrm-and by means of stray letter
which came accidentally into my possession.
| acquired information that seems to me Of the
very highest importance. As far back as 1863
letters We're received by the Rothschilds in this
city pointing out the evil effects which were
likely to follow from the use of paper money
i'll America. Prices were rising in your coun-
try, and judge bankers were puzzled to know
what to do with your American securities and
evidences of debt.
The adoption OF the slegal-tender act" as
you called it in your country, made it possible
to pay IN deprecated paper debts contracted in
com. Much correspondence ensued among
Tie european bankers touching American
affairs, and it led to a determination which
however, was not finally reached until towards
the close OF the Franco-German war. This de-
termination was tor plan Of bringing the pow
er OF all the great bankers of the world to sub
stltute the gold basis for all commercial tram
sactlollS III place OF the silver basis or the
mixed basis OF gold and silver.
Whenever there is a scarcity of coin it has
injured to the benefit of the creditor class
Prices have ruled lew, and small sum would
purchase good deal 0. raw or manufactured
, material.
But the intercourse between nations. the in
venton OF paper money, bills of exchange of
bank currency and credits-in fact, all the
saving devices Of modern commerce tended to
I make money plenty and prices high. Every
thing III that position OF affairs worked against
the creditor and IN favor of the debtor class.
This, it will be seen, was a beneficial tend
ency for the MASSES OF the people. 1t COM
pelIed the capitalists to increase their efforts in
) order to maintain their position. 1t favored
the debtors, who are always the enterprising
! part OF the community.
The man who does not 90 in debt is the
> speculator, he lends and absorbs, but does
not start new enterprises, nor does he add to
Q the wealth OF the community. The conse-
quence OF this is that the cheapening OF money
is good for all business, and benefits very
= y large class OF the community.
= The great money -lenders of Europe (as the
y letters which passed under my inspection
2 clearly proved determined to this tide
:. OF affairs. this general cheapness of money
= which has been going on for 800 years. have
:, indlsputable evidence in my possession that
: an immense fund was raised to bring about the
: general adoption OF the gold metal basis
= The money writers and political economists
in London, Paris, Berlin, Frankfort, and
= Amsterdam either argued into the adj
option Of these views. or purchased outright.
: Hence the articles in the leading papers in
!, Europ. i'll favor of the gold basis in preference
- = TO the silver or mixed basis.
- Ofcourse the object OF the great capitalists OF
Europe Is quite apparent in til. crusade against
\, silver. BY reducing The currency one-half il
:" would add enormously to their wealth by
= cheapenlug products and giving them still
= - greater nopoly Of the circulating medium.
!, II the records could be searched it would bt
- found that th. decentralization Of silver in En-
=, gland, Germany, and Holland, and its practi
= : cal demonetlzaton in France, vas effected
- simultaneously with the passage OF the gold ac
=. =. by the American Congress Il think that was il
= is73-gettlng rid II the old silver dollar, thu
~ unit Of value on which your debt contracted
- In other words, the great capitalists Of tn.
I" world, by gigantic conspiracy, like the Ro
!, man einperors Of old, managed 10 tax thu
! whole CIVILIZED world from 10 10 20 per cent
af Tor their own personal benefit. The obec
y. was 10 make the very rich richer and the vrr'
y, | poor poorer. With silver Ienon-tized, golC
- would, Of course, appreciate considerably il
!. value, and all who were creditors To govern
al r1ent, Tor individual debts would have their ~
ri licences Of debt greatly enhanced in value 1olt
-. i the currency Of the rich; silver, through
- out the CIVILIZED and uncivlized world
- the money of thsgreai mass Of the community
a. The small retail traffic of life il all raanaget
,n by means Of silver. BY getting nd of silver
- these rich bankers and capitalists added bill
..r lions Of thalern To their possessions. If tn
III facts could IT. brought To ligh; it must be foun
IL that the American Congress was bribed by tn
4. capitalists Of Europe and this country to get ri
I'M. of the silver dollar and substitute gold
.a hat corruption WAS employed in German
80. il open " doubt Bismarck could not BE- pre
10 vailed upon 70 make the change from silver
49, gold until h. became alarmed at the dernora
~ ization caused by the payment Of the Frenc
~ indemnity. The vast masses of gold throw
hi. upon Germany by the payment Of the Frenc
ore tribute raised prices, che ked production an
m stimulated fsverlsh speculation. Thereupo
~ Bismarck was induced TO try 70 utilize the uol
~ by expellng silver.
In small countries, like Holland, the mats
could be easily managed. The mDverner
ort succeeded in England, although it was appre
hended that It would destroy the commerce
IN India, which il carried on exclusively on 81
"a yer basis; and this fear was we'll founded. Br
the Economist and Other financial papers
:. London support this gigantic conspiracy Of Ii
90 capisalists-
on You may ask why do !, confidential agen
are tell Of thiss Because frankly, think the fac
ION US ~ =, 49," = " a,'D "'u' in|. -
ere ';a.- ~ ~. ... =. ~ t...,n;.v - - =
splendid future in which Europe viii b. raise
so by the lAboring CLASSES for . repudiasiOn u 4
Of the national debts Of the world. The capitalis
md have shown themselves 70 tyrznnical, 70 ~
tagonIstic 70 the interests Of the mAsses u I'll
- community, and no mercy should be shown
the them. They have, by their recent action
log the demoniiizasion Of the silver, ADDED mo
uujustly to the debts n all nations. And Il
9TH sanne want os conscience which they hav
-. shown 70 the the community should |
.se - manifested toward them in kind. But, ala
1T the working people are without leaders. The
lew In no making them understand tins very sin
zs pie matter. But sursiy the American pe0p
ought 70 know the exact facts in this cAss, II
should apply the remedy II It i possible 10 4