The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1879-05-15

Decentralization Of silver in this Country.
Editor Redwood GAZETTE.
May l4th 1879,
In the demonitization Of silver by
our Congress in 1872 there is some
facts that then transpired not gen.
orally known; which are of sufficient
importance to justify notice here,
in this discussion of finance at the
present time. When congress de-
monetized silver as above stated,
thereby rendering it unfit to pay the
interest on the United States Bonds,
a legislative financial conundrum
was thereby propounded, on which
the popular mind has been exercised
ever since, more or less, in its solu.
ton without any satisfactory results.
Every law on the question of finance,
in these United States, >for the last
sixteen years, and those in Europe
for the two preceding centres, has
been devised and framed in the
gold saloons, and by the gold oligarks
of Europe and America, and carried
through the course of Legislation by
dishonorable and corrupt influences.
1t is we'll understood law of politi-
cal economy, and financial science;
that all values of property, rise and
fall, shrink and swell, just in proper
to the volum of real money there is
in existance, available for its pur-
chase. 1t is now demonstrated that
gold is the scarcest metal of which
monoy is composed, which has been
monopolized by the gold kings Of
both Hemispheres, having it declar-
ed by the law-making powers of the
same, that it is the only money OF
the civilized world. These gold
kings hold their conventions in var.
ious capitals, and commercial cen.
ters, as often as necessary, resolve
and tax themselves for the purpose
of giving that direction to legisla.
ton in their interests getting the sew.
eral nationalities to issue gold bonds
interest payable scmi-annually there:
by absorbing all the gold
twice year, throughout the
world, together with the annual pro-
duction. After having got posses.
sion of these gold bonds,-sponges.
they set themselves to work with a
zeal worthy of a better cause and
establish specie basis, IN as many
civilized countries as possible, and
it was possible in all Of them, fol
they like the children of Israel, were
eager to worship the golden calf.
Nothing could be recognized as
money bnt gold. The scheme, gold
money, spiccie basis and banking
system, are triplets, born Of avarice
coyetousness, and an Unsuitable greed
in an unholy wedlock, by which the
money power, is enabled to mono.
polize the monetary interests of the
whole world. By thus having con.
troll of the money of the world, they
can control the price of labor, and
even labor itself, as well as the price
and product of every industry and
properties. But, when they learned
of the vast discoveries of silver in
America, and that we were getting
it out in Sufficient quantities, to ena.
BILE us to nay the interest on bonds
thev held against us, and even the
principal, they thus feared that we
would be independent Of them, con
sequently, they went to work and
demonetized silver IN Europe, then
contributed to raise purse of $500
900 dollars, placed it in the hands
Of skillfull agent, and sent him to
America to effect the same here
How it was done we leave the reader
to Judge, after reedins the following o
In the congressional reckord o1
April 9th 1872, in reference to the
demonstration of silver, on page
2,O32. Mr.. Hooper chairman of the
committee on coinage, in his report
states that, Ernest Seyd, of London
distinguished writer and bullion;st
who is now here, and has giver
great attention to the subject Of
mint and coinage, after examining
the first draft of this bill, (of silver
demonet;zation) made various sensi
BILE SUGGESTIONS, which the committee
adopted and emboeied in this bill
Now who was this man Seyd, OF
London England, and whom did he
represents? Let the following from
the Bankers MAGAZINE of Aug. 1873
answer. In 1872 silver being de
mnnet;zed in France, Germany
England and Holland, a capital oi
one hundred thousand pounds, 500,
900 dollars was raised and Ernest
Seyd, of London, was sent to thi.
country with this. fund, as the agen
of the foreign bond holders and cap
italists to effect the same object here
which was successful, namely silver
demonstration. Now the fact thai
this bill was passed through con
gress at midnight, when but few
members were present and was mo-
generally known, until after con
gress adjourned, is prosumptivt
proof of corruption. Silver was de
monetized to COMPEL us to pay tht
bond holders gold interest. Ant
moreover, it was demonetized, SC
there could be no money, or money
resources, in the whole world, only
such as the Shylocks owned, con
troled and held gold interest bearing
bonds to absorb. BY this suicida
act of silver demonstration, W,
then tied our own hands placed our
selves and the financial interests O.
the whole cuntry, at the mercy o
four enemies, deprived ourselves of
of our means to pay our debts, ant
destroyed one of the richest minera
resources of our country. Is it pos
sible that our congress did this, t,