The advocate., 1891-11-25

submitted to the inevitable, as Washing
ton, Jefferson, Adams, Henry and other
champions of liberty In their day sub-
mitted to the existence of slavery and
the slave trade-because there was no
other alternative!
1t will be remembered that Secretary
Chase favored the legal tender law, and
that it required several days Of meetings
and threats of financial coercion by the
shank delegates" who remained In
Washington" after the exception clause,
to induce Mr.. Chase TO recommend the
bank law. Mr.. Chase lived long enough
TO bitterly regret the part he took in the
matter, and is reported as expressing
himself as follows:
My agency in procuring the passage of
the national bank act was the greatest finan-
cial mistake of my life. It has built up a
monopoly that affects every interest in the
country. Il should be repealed. But before
this can be accomplished, the people will be
arrayed on one side and the banks on the
other in a contest such as we have never
seen in this country.-Salmon P. Chase.
To show the undoubted facts In the
case, and the usual treason of the money
power In all great emergencies, / call
the especial attention Of Senator Sher-
man and all Republicans to the following
from Senator Ingalls,:
No people in q great emergency ever
found faithful ally in gold. II is the most
Cowardly and treacherous of all metals. 1t
makes no treaty il does not break. II has
NO friend it does not sooner or later betray.
Armies and navies are not maintained by
gold. In times of panic and calamity, ship
wreck and disaster, it becomes the agent
and minister of ruin. No nation ever fought
a great war by the aid of gold. On the con-
EraHy, in the crisis of the greatest peril, it
EeCOmOs I'M enemy more potent than the
foe in thO Elcld; but when the battle is won
and peaCO has Gssn secured, gold reappears
and claims the fruits of victory. In our
own civil war ie iBdOUblful IL the gold Of
Flew York and London did not work US
greater injury than the powder and lead and
iron of the rebels. Il was the ostinvinoi-
BILE enemy Of the public credit. Gold paid
no soldier or sailor. t refused the national
obligations. Il was worth most when our
fortunes were the lowest. Every defeat gave
it increased value. It was in open alliance
with our enemies the world over, and all its
energies were evoked for our destruction.
But as usual, whom danger had been averted
and the victory secured, gold swaggers to
the front and asserts the supremacy.
gals speech in the United States Senate,
February 15, 1873.
That is q short but fair description Of
the men whom Mrs. Emery calls "Shy-
locks" Senator Sherman says they were
the men who furnished the means to put
down the rebellion. Thomas Jefferson
called them the "traitorous class" Sena-
tor Wilson called them "brokers, jobbers
and money changers" Thaddeus Stevens
called them "bullion brokers'" who sent
their cashiers and agents into Congress to
influence legislation In their own in
terestS; also, "sharks and brokers'"
1t appears, then, that "Shylock" is not
"a phantom of Mrs. Emery'S BRAIN" but
living reality, who, according to Mr..
Spaulding, would only loan his currency
to the government for big interest, on
good security, and interest and principal
payable In gold.