The Hazel Green herald. [volume] (Hazel Green, Wolfe County, Ky.) 1885-19??, 1891-07-31
IOWA BANKERS.
Their Hypocritical solicItudc For Widows
and Orphans.

Their Hypocritical SoIlcitude For Widows
and Orphans.
Mr.. Joseph Sampson, of Sioux City,
delivered an address before the conven-
ton of Iowa bankers, which met IN
that city recently, on the subject of
silver, in the course of which he said:
The maintenance of American credls
through a single standard OF value, which
shall be recognized by all nations, seems
not only desirable but necessary, because
many of our greatest enterprises, giving
employment to thousands OF workngmen,
can secure capital Mt exceedingly low rates
of interest only 50 long IA European lenders
can feel secure that the same quantity and
quality of money lent VIII be returned.
They lend us their gold only upon condition
that gold of equal weight and fin eness shall
be repaid Only by international agree
ments as to what may be considered u legal
tender In lieu thereof, can existing or future
contracts be changed.
This is briefly the position taken by
the bankers and capitalists of the cour-
try and the politicians who draw their
inspirations from Wall street
If the United States must ever be-
subject in its financial policy to the
colossal aggregation of usurers and
rack renters that center at Lombard
street, London, the blood of our fathers
will have been shed in vain. England
is VIGOROUSLY the creditor nation of the
world; her usurers and landed lords
have made of Erin monument of pow
erty and misery known of all the world,
and the streets of London are wont to
resound with the tread of men, women
and children marching and crying for
dread or bloodr' Not content with the
ruin wrought at home they are reach
ing out for all the nations of the
earth; but the authority of their
hereditary monarchs and rotten aristoc-
racy had been repudiated, force had
been resorted to and ANONYMOUSLY
failed, and some other method had to
be devised to gain control over this
proud republic That method was
found in the single gold standard inan-
cial system, which by the aid of foreign
gold and domestic traitors was fastened
upon MS. 1t is high time, indeed, for
the new declaration OF independence.
But we quote again from Mr.. Sampson:
Depreciation OF our currency by unlimited
coinage OF silver would be first dlscerned by
tho rich who could arrange their affairs and
Investments so as To protect themselves.
Distraction, uncertainty and "a panlcky feel
ing always gives to the shrewd and far.
sighted the largest opportunities for gain.
The losers In such period would be the
widows and orphans, with insurance policies
paid at "A discount OF 10 To 20 per cent! saw. Z
ings bank deposltors, who. put In bank gold
wages and who must take back funds with
reduced purchasing power; salared en-.
pioyes and wage workers who could not get
larger pay, but whose living expenses would
be increased. m
This is another typical argument OF
the opponents OF free coinage of silver.
The solicitude of these philanthropic
bankers for the poor widows and
orphans and salaried employees is very
touching AS for themselves, unlimit-
ed coinage would only enlarge their
opportunities for gain" but they are
disinterestedly opposing it in the inter.
est of the poor widows and orphans"
Out upon such hypocrisy The bankers
have rs much right TO urge measures In
their own interest as nybody, but they
should come out lilS' men and not fight
like towards over the shoulders of Wild
ows and orphans. .,.5i
The single standard Is in the interest
Of bankers and other money loaners,
and solely in their interest. Their i'm
ierests are not the interest of the
neutrality-suspicious., never were and
never will be, and it Is high time the
American people were realizing it, So
long as congressman, presidents and
treasurers allow those who deal In
money To dictate the course TO be pur-
sued In financial affairs, 30 long will
the weaith-producers be slaves 10 the
wealth-absorbers Iowa Tribune.
The different leading papers are
sending out reporters 10 ascertain the
probable effects of the nomination OF
Cleveland or Hill by direct and close i'm
vestigation of the sentiments OF the
people, as affecting these two aspirants
IL these great dailies had any comprc-
hension they might know that the next
presidential election will be contest
between the masses and the classes,
democracy against putocracy the p o.
ducers and laborers against the blood
suckers and vampires, and that no
representative OF Wall street need ex-
pect the support OF the masses.-- AN
ance Herald.