The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1892-03-12

which all other money and credit must be re-
deemed or paid is the basis upon which the
circulation and credit OF the worid rest IL
silver ia maintained in circulation by promise
OF redemption or payment In gol4' sucn silver
is no better than paper, and Is IN enecI mere
promise to pay Such use OF silver does not en-
large the basis of circulation and credit The
gold trust fully understand this question. They
do not object to credit money, especially II the
government will give them q bounty ior
issuing it, as in the case OF q national
bank, because such credit money does not
increase the amount of money OF ultimate pay
ment. They have reduced the real basis OF cir
culation and credit about one-half, while the
population and business has enormously IN
creased. 1t is easy to see the advantage they
have gained in the purchasing power OF golu
coin. 1t must be remembered that the value Oh
money, like all other things. depends upon ths
law of supply and demand. By their artiu!
manipulation they have cut of fully one-haii
the supply of money Of ultimate payment,whlie
the growth OF population and business mas
enormously increased the demand
Their profits are SO great and their combine
ton so strong that they dominate the CONNER
cial world. The free American voter Is their
only enemy. If they enslave him, their
rule is supreme. Their plan in the United
States is to control the administration of the
government, and the leaders OF the two great
political parties, and 30 shape the nomination
and the issues Is to prevent any expression OF
the views OF the people. The great bankers IN
NewYork are the investors and collectors for the
great gold combination which has headquarters
in London. The country bankers are depend
ent upon and under the control of these agents
of foreign investors. The united banking fra
ternity control the merchant and the price and
stifle the voice OF the people. II the baneful in
fiuence of this money power could be removed
from congress the bill for the free and un-
limited coinage of silver would pass forthwith.
If it could be removed from the administration,
such q bill would become law.
The tactics of the gold trust are to delay
action at this session of congress, secure the
nomination of their henchmen by both OF the
great political parties, and retain in their con-
troll the government of the country, regardless
of which party may be successful al the cleo
ton They blandiy tell us that both parties will
nominate a gold standard coutractioaist, and
that nothing will be left for the people but to
indorse one or the other.
How long the gold trust will continue its
wholesale system OF robbery and oppression, by
its control OF the two political parties, depends
upon the united action of the people When
ever the people desire to break the yoke OF bond
age by which they are now held, stop falling
prices, stagnation and hard times, and secure
such legislation as will enable them to share
reasonable portion OF the wealth they produce,
they must cease to place in power the agents
and servants OF the gold ring
l believe a revolution will take place: that the
rule OF extorton viii not be perpetual. The
people are beginning to realize the rapidly
with which the non-producing aDsorbers OF
wealth can accumulate enormous gains IT the
eXp.QSe OF labor and production.