The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1891-02-19
NUMBER 8.
The City Herd.

money loaner and the merchant
are naturally disturbed by the
possibility of congress SO Chang
ing the financial methods that the
people may be benefited. When
ever there has been an attempt at
Washington to make the circulat-
ing medium of the country some
what more adequate for the trans
acting of the business of the
country, the city herd has set up a
howl and flooded Washington with
committees to demonstrate against
taking such action. News comes
from Boston that the Shvlocks
there think that a committee from
the banks and merchants should 90
to the capital at once to explain to
our national legislators what
noodles they will make of them
selves If they admit silver to free
coinage. What do these people
know about the subject which any
intelligent farmer does not know?
There is nothing so wonderfully
profound about this currency cues
ton that it cannot be fathoned by
any intelligent man. Scarcity of
money makes it more difficult for
the debtor to pay his debts. No
one will dispute that proposition.
And why does the scarcity of
money have this effect? Simply
because the debtor cannot sell his
products-whether they be labor,
grain or Stockton what he might
sell them if money was plentiful.
And why? Because business as a
whole is not as prosperous as it
would be if there were a reason
able volume of currency.
Now this city herd desires that
money shall be scarce. It is in
the direct interest of the banker,
broker and money loaner when
money is hard to get; and when
this class goes to Washington to
prevent any improvement in our
circulating medium, they simply
60 to feather their own nests, and
for the last thirty years these fell
lows have been mani pulating these
matters to suit themselves and
against the interests of the masses.
The Office of the secretary of the
treasury has been under their
thumbs during all that time. Sec
Rotary Chase thought that he
owned himself and that the govern
ment was supreme. He devised a
plan, therefore, for raising money
to carry on the war. That plan
was heard Of in Wall street. and
almost the next train carried half
the financial conspirators of New
York to Washington, and the Sec
retary's plan was changed! He
was told that unless he permitted
these freebooters to rob the peo-
pie, they would starve the govern
ment to death; and they were per-
mitted to engage in their schemes
of robbery, posing all the time as
patriots, while Jefferson Davis was
called a traitor. Davis would have
called home his army at any mo-
ment when the government did for
him what it did for the bold trail
tors OF Wall street, viz: surrend-
cred to him. One of the most re-
markable things to be found in all
history is the patience with which
the people have submitted to the
gang of financial feecers; and if
we are not greatly mistaken the
time has arrived when this govern
ment is to be run by the people
and for the people. Some of the
brightest men in the country have
thus concluded. Col. Robert In
gersoll said in Chicago last week
that Wall street had been permit
ted to have too much to do with
the finances, and that this country
would no longer submit to being
ruled by that class of men. We
believe that the country is upon
the verge of a change in our fnan-
cial systems that will amount to
revolution. 1t is probable that the
time is not far distant when the
government will issue all the
money, and under such a system
as will cause our circulating
medium to serve the legitimate
purpose of money Westeam Ra1-
raj.