The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-07-05
THE GREAT CONSPIRACY.
orr Financial Policy Dominated by Euro
e Money Loaners.

means dear UlOI1ON SSOAAJ 40
hv tine creditor class of the world, and
Thent the debtors and wealth producers
ottomnt to increase the volume or
money bv unlimited coinage OF silver
and issuefun legal tender United States
notes in sufficient quantity to carry on
the business of the country on a cash
basis and double the paying power OF
labor. the holders of the debts, made
PAYABLE in gold, intend to lock up gold
and place a premium on it. Have the
holders of gold the power to do this?
The ~gold-bearing debts Of the world
amounts to ten eimes as much as all
the gold coined and in circulation.
They will exchange a small per cent.
of their United States gold bearing
debts for gold and they would have a
corner on gold and the holders of these
debts would command any premium
they saw fit to ask. They could say
give me four Of your cheap dollars for
n of our gold. Will the creditor
class do this? The creditor class knew
the time would come when the indus
trial class would rise up in their might
and o%verturn the present rObber credit
financial system, and this clause was
inserted to meet this emergency. Can't
the government control the premium
on gold by exchanging gold for silver
and paper money? The creditor class
will exchange a small portion Of their
bonds for United States notes n pre-
sent n hundred millions of them to
the United States Treasury for redemp-
ton and take all the gold reserve, and
the government creditors would force
a premium of 400 per cent. on gold.
They would exchange O of their
bonds for gold certificates and present
them to the United States Treasurer
and take all the gold and contract the
volume of money five hundred million
dollars, bring a panic such as the world
never cav before, set up a huge gold
brokerage shop and bankrupt the gov
eminent and the debtor class which is
near one half, compelling them to pay
four dollars of their cheap money for
one of gold What is meant by Sher-
man and Cleveland and the advocates
of a gold standard when they a the
Alliance plan will ruin the country?
The creditor class has so shaped legis
latiOn that they can corner gold and
fix a premium and squeeze twice as
much Of the necessaries of life into their
gold-bearing securities, and they in
tend to do so when a party of the PEG
pie goes into power that will christalize
the Alliance plans into law.
1t is their intention to give the PEG
pie such a shaking up as but few finan-
cial refOrmers have dreamed of, and in
the end crush our republican institu
tions. Our republican institutions are
a standing menace to the monarchies
of Europe.
When the civil war was going on,
the foreign magnates decided not to
interfere, let slavery perish and enslave
black and white by claiming them to
the jugunOt of the money power. The
bloody shirt and negro suprem ICY was
used to keep the people divided and In
1880 the tariff was chosen for this pur
pose, and with money and the floating
vote they have held the balance Of
power ever since, and we politicians
dare disobey their order. AS these
debts were contracted in other kind of
money thangOld, cannot we make them
payable in the same kind of money
they were contracted with? This
would be considered Reputation, and
would be resisted by the foreign DOW
ers whose subjects hold these securities.
We pay foreigners IN interest one hun
dred and thirty-f1ve million dollars an
nually, and they will demand payment
in gold as the bonds and mortgages
calls for gold. If we refuse to
pay the creditor class according to
the demands of the bonds it would
likely lead to war. Won't the Sub
Treasury and the fifty dollars per
capita bring relief? What benefit will
fifty dollars per capita be 20 the creditor
class If they are compelled to give four
dollars of their cheap money for n Of
their gold? Won't their last stage be
worse than the first? The creditor
class of this country and Europe has
the people in the tolls where they can
squeeze them, and if they kick they in
tend to squeeze twice as much more of
the incomes of life into their incomes.
They will and intend to fix a premium
or gold that will confiscate farmers
and corporate debtors. England holds
near n billion and eight hundred
millions of our railroad bonds, on which
we pay eighty million dollars. They
will cOnfiscate for debts western farm
mortgages and corporates and establish
absentee landlOrdism in the United
States. No law can reach them, and
they can take all the gold to Europe.
What a the people do with such a
large class, debauched by their corruUt
and mpOverishing methods, ready to
sell themselves for clothes and bread?
This is our condition and every intel
lISeuO PiuGOCraI KNOWS IT, JOhn Sh0r-
man will not deny it. This is the danger
referred to by all of those who Are
warning Alliancemen and financial
reformers of the impending ruin. What
hopes, what chance has the great in
dustrial class, divided one half in the
Republican and the other half in the
Democratic party and the money
power united and controlling two mil
lions of floating votes holding the bal
ance of power and dominating the
policy of both parties7
Take these facts home, digest them,
and then ask yourself if it is not your