The midland journal. (Rising Sun, Md.) 1885-1947, 1891-03-13
BRITISH INFLUENCE
In the Financial Legislation Of the
United States.

That the money question is the prac-
tical question of the times that it tran
scends all other questions in importance,
as its effects are more serious and far
reaching than any other, admits of no
dispute. None are SO high or so low
as not to be concerned in its equitable
adjustment.
Politics, as such has but little to do
with it. A question Of social and po-
litical economy, it needs to be consid-
cred in the clear light Of history and
experience. That the prosperity Of
tho country, present and to come, de-
ponds upon its wise regulation. goes
without saying. That the amount in
actual circulation determines prices is
as true as the multiplication table. To
know
WHO CONTROLS THE MONEY OF THE
COUNTRY
is to know who has a key to the situa-
ton. What influences have sought to
dominate the money legislation of our
country since the adoption Of the pres
ent system, becomes most interesting
query, to which a full and truthful
answer would prove of great service to
the people towards enlightening them
as TO the real cause Of the prevailing
depression throughout the country
among all classes, save certain privileg
ed classes.
That this condition of things should
exist at all is marvel; that it should
exist to such wide spread extent as it
is known to, amid what is SO frequently
affirmed to be an era of abundance or
over-production, is a monstrous
anomaly.
Whoever has watched with critical
eye and mind the monetary legislation
on the part of the United States senate
during the past thirty years, cannot fail
to realize that it has been always faith.
full to one interest at least-that of the
banks and their supporters. Whatever
the peoples interest might be the sem
ate has been ever mindful OF the bond
holders, the money lender, and the
capitalist. Instead of responding to
the general sentiment and wants of the
country, it has on the contrary, always
responded to the exactions of the cred
itor classes.
THE HISTORY OF OUR BOND LEGIsLA-
TON
shows conciusiyely what influences
special, subtle, selfsh--born of English
greed and cupidity, have persistently
dominated our action. No one CONVEX
SAINT with the various steps taken
and the successive laws passed on this
subject, can doubt for moment that
primarily. foreign interests have been
subsersea and American interests sac
rifced at the passage of each and every
act. And all this as the direct result
of formidable European financial
propaganda, supplemented by few but
influential body of allies at home.
The so-called Hazard circular,
issued in England in the early days of
our national greenback and govern
ment bonds, is overwhelming evidence
of this, for the stalking spirit of that
satanic circular has been too palpably
seen in all our subsequent money
legislation.
This circular, marked confidential. :"
sent out to American bankers In 1862
deliberately says: y - = "Our
plan is for capital to control labor by
controlling wages. This can be done
BY controlling the money The great
debt that capital will see to it is made
out of this war, must be used as the
means to control the volume of money.
To accomplish this, the debt must BE-
bonded and the bonds must be used as
the banking basis.
"We are now waiting to get the sec
resary OF the treasury to make the
recommendation to congress 1t will
not do to allow the greenbacks to cir
culate as money for any length of time,
for we cannot control them, but We can
control the bonds and through them
the bank ISSUE"
How completely this outlines the
necessary legislation to compass these
cOnspired, nefarious ends, how quickly
this legislation began to follow, and
how it was regularly continued to this
day-ths suffering people Of this coun-
try know too we'll.
This Hazard circular was responded
to ia the same spirit by the following