Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1891-03-19
FROM CROW.
CRow. March 9Th.

Ed HERALD:
In the HERALD issue of Feb. oath,
the editor In answer to TAX Payers"
question upon the free coinage of sill
yer says, ''the gold bugs are either
innocently or willfully playing into
the hands of foreign money kings by
opposing the free coinage of silver"
The genuine gold bug is not Innocent
ly playing that game, but knowingly
to satisfy their rapaclty as they are
IN possession of that gold from which
they want to derive enormous profits,
regardless of the consequences on our
national welfare; while others are
simply mercenary hirelings who
would sell their birthright for mess
of pottage.
Speaking upon the decentralization
OF silver in 1872, Mrs. Emery says in
the Bankers Magazine of August
1873 we find. the following on this
subject: In 1872 silver being de-
monetized in England, France and
Holland, a capital of $50O,00O was
raised and Ernest Seyd of London
was sent to this country with this
fund as agent of the foreign bond
holders and capitalists to effect the
same object characterization of silver)
which was accomplished" So, in
order to properly legislate for the
welfare of this nation it was neces-
sary to have an English emissary sent
here with a half million; during the
last two political campaigns we never
heard that statement denied nor moth
ing said that would throw any doubt
upon it, although we heard many
controversies on that subject, nor can
it be very well denied for the follow
ing in the Congressional Record of
April 9th, 1872, page 2032, corrobo-
rate the statement Ernest Seyd of
London a distinguished writer and
bullionist who is now here has given
great attention to the subject of mint
and coinage. After having examined
the first draft of this bill flor the de-
monetization of silver he made vari-
GUS sensible suggestions which the
committee adopted and embodied in
the bill"
In this last session when the silver
bill was before the senate for discus.
/ OOLA D4EA III LIB d 044EAlt
against it with brazen impudence
produces a eablegram from II
Kraussman prominent hnancier OF
Berlin Germany; We omit giving i
in full on account of Its length, but i
is to the effect that Germany is very
much interested and fear the passage
: of the bill as there is in Germany a
present railroad securities to the
7 amount of $500,000,000. The Ger
man government bonds pay only tx
4 per cent. and to find larger profits
, Germans invested largely In Ameri
can railroad securities with the guar
anty that the payment of the diVi
dends and principal be made in gold
the dispatch ends with these words
, 1--WE have no use for bimetalism
? Bimetalism will never be adopted b,
, any European nation. Gold will b.
the only Standard (see Cong Rec
Jan. 18th, 1891, page 1349l. Thu
the Hon. j. Sherman is in congress
= to represent the interest of German
> bankers instead of the interest of tn,
{ American people.
Still farther we find evidence o
that innocent policy, the American
banker of February 21st report tina
: in Rocks, Doniphan and AtchisoI
= counties a general call has been mad
, for money that is loaned and tina
the companies have given notice tina
they will not renew Looms; but anothe
r loan agent appears who offers none,
5 at the old rates, but the notes contain
a clause, which Is rarely seen benz
, IN small print, to the effect that inter
l est and principal are to be paid il
3 gold; but if the ''hay seed" happen
4 to see it and object to it he is plainl,
= told that if the gold clause is left on
he can not get the loan.
In the Advocate of March 4th, 1891
: a dispatch states that an agent of al
D English company organized unde
: the laws of the state of New York
in Atchison and will visit other cite
in search of defaulted mortgages O
farm lands, they will be bought
= satisfactory discount can be obtained
g the company will buy everything
= that is offered; mortgages will b
closed and the land placed on tn
market to actual settlers on ten an
q twenty years time; the agent has en-
}. ployed an Athison law firm to assis
" him in his work.
\ Is not that the result of that innC
cent policy? We don't call it innt
8 cence it is cussedness and treason
# that may sound little harsh to som
J. of your readers Mr.. Editor, but 20
know the adage, "Alt5c grand n1GlG
les grand remedies. o. RUBIN.