The anti-monopolist. [volume] (Saint Paul, Minn.) 1874-1878, 1876-06-22
WHOLE NO. lO2.

4 AGAINST THE PEO-
PIE.
We find in the papers the following
curious confession which bears on its
face the impress of truth -
PARIS. May s II have recently been in the
employ 1 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 in life for
financial career, and learned to write and
speak fuently German. French, English. and
Dutch.
In my confidential relations with the various
great banking houses-as correspondent for q
leading frm-and by means of stray letter
which came accidentally into my possession.
| l acquired information that seems to me Of the
very highest importance As far back as 1863
letters were 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 40 - with your American securities and
! The adoption ofthe "legal-tender act," as
you called 1t in your country, made it possible
to pay in deprecated paper debts contracted in
com. Much correspondence ensued among
the European bankers touching American
affairs, and it led to determination which
however, was not finally reached until towards
the close Of the Franco German war. This de-
termination was for plan of bringing the DOW.
er OF all the great bankers of the world to sub
stitute the gold basis for all commercial tram
sactiOns in place of the silver basis. or the
mixed basis of gold and silver.
Whenever there is scarcity of coin it has
injured to the benefit of the creditor class.
Prices have ruled low, and small sum would
purchase agood deal Of raw or manufactured
material.
But the intercourse between nations the in
vention OF paper money, bills of exchange, of
bank currency and credits-in fact, all the
saving devices of modern commerce tended to
make money plenty and prices high. Every
thing in that position of affairs worked against
the creditor and in favor of the debtor class
This, it will be seen, was beneficial tend
ency for the masses of the people. 1t COM
pelied the capitalists to increase their efforts in
J 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-
quepce Of this is that the cheapening Of money
is good for all business, and benefits a very
!. larYe class ofthe community.
y The great monsv-lenders Of Europe (as the
= letters which passed under my Inspection
? clearly proved) determined to reverse this tide
: : Of affairs. this general cheapness Of money
: which has been going on for 800 years. have
: indisputable 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 were either argued into the ad-
option Of these views, or purchased outright.
Hence the articles in the leading papers in
Europe in favor Of the gold basis in preference
= to thesiver or mixed basis.
Ofcourse the object OF the great capitalists of
Europe is quite apparent in the crusade against
n silver: BY reducing The currency one-half il
- would add enormously to their wealth by
:, cheapeniug products and giving them still
= greater monopoly Of the circulating medium.
:, II the records could be searched it would be
- found that the decentralization Of silver in En-
), gland, Germany, and Holland, and its practi-
= cal decentralization in France, was effected
;. simultaneously with the passage OF the gold ac
!. hy the American Congress think that was IL
: lo73-getting rid of the old silver dollar the
is unit OF value on whichyour debt was contracted
~ In other words, the great capitalists Of ths
:" world, by gigantic conspiracy, like the Ro.
!. man emperors Of old, managed to tax the
=, whole civilized world from 10 TO 20 per cent
of tor their own personal benefit. The object
- WAS to make the very rich richer and the very
ct poor poorer. With silver deInonetized, gold
would. Of course, appreciate considerably ir
. value, and all who were creditors TO govern
a rnent for individual debts, would have their ev
.i idences Of debt greatly enhanced in value Holt
=. =. is the currency Of the rich; silver, through
=, out the civilized and uncivilized world,
y. n the money Of thsgreat raass Of the community
- The small retail traffic Of life is all managet
m m by means Of silver. BY getting nd Of silver
= - these rich bankers and capitalists added bill
- :. lions Of thalers to their possessions. II tn
nd facts could te brought to High; it must be foun,
he that the American Congress WAS bribed by tn
/. capitalists Of Europ. and this country to get ri
T., of the silver dollar aud substitute gold.
=. That corruption was employed in German
=. il open to doubt. Bismarck could not be pre
~ vailed upon To make the change from silver
.rs gold until he became alarmed At the demoral
n. ization caused by the payment Of the Frencl
A. indemnity. The vast masses Of gold throw
IL upon Germany by the payment Of the Frenc
~ tribute raised prices, che ked production an
=. stimulated fsverish speculation. Thereupo
he Bismarck was induced to try 70 utilize the gol
~ by expelling silver
could be easily managed. The movemer
~ succeeded in KnglsDd, although It was appfe
hended that It would destroy the commerce 3
~ India, which Is carried on exclusively on I'll
: yer basis; and this fear was well founded. Bu
the EcoDomist and Other financial papers
q % Lopdon support this gigantic conspiracy Of II
On You may ask why do ], . confidential agent
re tell a thisf Because, frankly, think the fac(
On ought to be known TO the world. Then q
70 > rsd republican in my heast. believe In u
splendid future n which Europe viii Be raiss
70 By the lAbodng Glasses for repudisti0n u =
Of tie national debts Of the world. The capitalist
nd have shown themselves % tyrannical, 70 a
tagonistic 70 the interests Of the masses II th
ne them. They have, By thsir recent action 1
OQ the demOnifixnsiOn Of the silver added mo