The farmers' union. (Memphis, Mo.) 1891-1895, 1891-11-19
A CONSPIRACY PROVEN.
BANKERS OF THE UNITED
STATES COMBINED TO ROB.

How the Old Party Press Is Bought
and the People Deceived.
The bankers of the United States
formed their first public organization
at Washington when they met there
Saturday, January /, 1862. The dele
gates present We're:
Mr.. Coe. of the Merchants Bank,
New York.
Mr.. Martin, of the Ocean Bank, New
York.
Mr.. Gallatin, of the National Bank.
New York.
Mr.. Bates, Bank of Commerce, Bos-
ton.
Mr.. VALLEY. Iron Bank, Boston.
Mr.. Wallace, Merchants Bank, Bos
ton.
Mr. Rogers, Tradesmen's Bank, Phil
adelphia.
Mr.. Mercer, Farmers Bank, Phila-
delphia
Mr.. Patterson, Western Bank. Phil
adelphia.
This was the committee appointed
by the Bankers Association to see the
Finance Committee of the House and
Senate and shape the financial laSisla-
ton of the country. When the first
meeting of these bankers took place
we are unable to ascertain, but this is
the first open appearance in public.
They met at the date above stated,
January II, 1862. at Washington. and
sent for the Senate Finance Committee,
composed of Mr.. Fcssenden of Maine,
Sommers Of Rhode Island, John She,'
man of Ohio, Howe of Wisconsin,
Pearce of Maryland, Bright of Indiana.
and Douga1 of California. They also
sent for the House Committee, COM
posed of the following members: Thod
Sterens of Pennsylvania, Morrill, of
New York, Phelps of Missouri.
Spaulding of New York, Corning of
New York. Horton of Ohio, Stratton of
New Jersey. Hooper of Massachusetts,,
and Maynard of Tennessee.
Mr.. Spaulding in his history of the
war (Which was suppressed by the gov
ernment) stated that the bankers de-
mandsd the exception clause in the
greenback.
And these bankers are the same
gentlemen Thad Stevens shed tears
over when he said: I'VE had to yield
to the money power or lose the Re
public
1t was this committee of bankers
that shaped the financial policy of our
government, and which is directly re-
sponsible for all the legislation that
followed their first. AS will be noticed
our senior Senator from Ohio, John
Sherman, was member of the Senate
committee, and knew and knows all
about the transaction of those times.
These bankers had everything their
own way until 1876, when Peter Cooper
and others arose to warn the country
of its impending danger. and III 1877
we find that they extend their organ
ization all over the United States
They held a meeting In New York
September II, 13 and IA, 1877. and
after electing Clpas. B. Hall, of the
Boston National Bank, President, and
James Buell., of the Importers National
Bank, of New York, Secretary. and a
Vice President, Treasurer and Execu-
tive Council, they also elected one or
two Vice Presidents from each state
The first we hear of them publicly
again is on October 9. when they sent
out three different circalars. One to
the bankers of the country, and two to
the leading newspapers of the country.
These circulars were as follows, and
have had the originals in my posses.
sion, and I copy them verbatim:
TO THE BANKERS.
''PRIvATE AND SUGGESTIVE"
1t is advisable to do all in your
power to sustain such daily and week ly
prominent newspapers, especially the
religious and ae aericultural press, as will
oppose the issuing of greenback paper
money, and that YOU also withhold
patronage or favors from all applicants
who are not willing to oppose the
greenback or government issue o.
paper money.
JAMES BUELL.,
Sec'y, 247 Broadway.
The following is taken from the
Chicago Inter- bcedn:
"The Inter- Ocean acknowledges the
receipt of the following singular docu
ment, which came to this office from
New York, Saturday morning:
THE AMERICAN BANKERS Assn,
247 Broadway, Room 4,
New YORK, October 8, 1877.
STRICTLY PRIVATE.
DEAR SIR. Please insert the en-
closed printed slip as loaded matter OF
the editorial page of your first ISSUE
Immediately following the receipt o
this and send marked copy with bill
to yours truly,
JAMES BUELL., Sec'y,
247 Broadway, Room 4.
Comments on slip not to exceed hal
a column will be paid for, If billed a
the same time. J. B.
The following is the documen
which we are asked to insert as leadet
matter on the editorial page, in othe
words as statement made by th
Inter- Ocean:
"The Greenback party has offere.
through its managers to sell out to tn
Democrats, and hereafter to work il
Democratic harness if place for
few of their leaders can be provided
This merely shows how much depend
ence there is to be placed on the lead
ers of lnnatlcs who clamor for none
based on nothing"
We insert this, but we shall send n
bill for it. We shall send no bill be
cause in the first place we do not folio,
directions about leading it. secondl
because we are compelled TO say tina
we don't believe q word of the state
ment to be true. The attempt to thu
maliciously destroy the Greenbac
party without submitting word {
proof is a piece of shameless and braZe
effrontry which ought to be beneat
any body of commercial gentlemen an
especially the American Bankers Asst
citation.
The following circular was sent
the New York Sun. The Sun says
''The following was received yeste
day at the Office Of the San:
The AMERICAN BANKERS ASSN,
247 Broadway,
New YORK, October 9, 1877.
STRICTLY PRIVATE.
Please insert the enclosed slip .
editorial and send marked copy
IL -