The Progress., 1893-09-30


their will. OF course you feel all that.
it is not merely form of speech.
But in this crisis who have been
your chief counselCrs? Have they
not almost invariable been national
bankers and their attorneys? Have
they not all been Of the creditor class
Do those men lie awake at nights To
think what they can do to smooth the
rougn paths of the Door?
Twenty years ago the silver mines
IN the West began to yield largely.
1t was clear tnut if left alone the peo-
pie would soon shake off the mighty
burden of debt then upon them.
National banks cannot live unless
nation is i'll debt What more nat
ural, then, than the desire on their
part to continue that debt? What
more natural than the covert move
ment to destroy half the real money
of the country in order to reduce
values, give mightier purchasing
power to interest when collected. and
at the same time take from the debt
or 40 per cent of his capacity to pay?
1t was in the interest of national
banks and hondholders that silver
was demonetized. No other reason
able or rational explanation of tt at
act can be given.
At that time silver was worth more
than gold.
The present movement is likewise
in the interest of the national banks.
the object being to utterly destroy
silver as money and to force the issue
of more bonds. Do you not see, Mr..
President, that tue premonition of
the dangerous powers which would
follow the establishment of national
banks, which filed the soul of Presi-
dent Jackson, by present revelation
establishes the supreme evidence of
the justice of that immortal mans
claim to the possession of exalted
craftsmanship.
Suppose y)ur present programme
shall be carried out-you must see
the expected relief will not come?
The farmer will get no more for his
wheat: the planter no more for his
cottor. The unjust, unnatural and
senseless direct com petition between
the naked slave of India and the
American wheat raiser and the Amer
lean cotton raiser and spinner will not
be taken away, The evil is much
deeper. What you will cure is not
even symptom of the real disease.
You may saw; "The people and the
press demand it." Send for the mem
bers of Congress, Nh. President, who
voted for repeal in the House, and |
ask them what response the real |
people are making, Judging by their
letters. Let me predict the answer,
Outside of the extreme East it will |
be: "All, save few bankers. deplore
cur work"
As for the press, when untrammel-
ed, its power is as benign as it is H.
limitable. When its policy is die
tated from the business office it loses
It's perogative of an impartial Judge
and descends to the plane of the paid
advocate. The management deals
With the banks, just now the editor
S degraded aud merely echoes the
of the counting room.
MIR. President. you are fighting a
1sing tide. On present lines. if con ,
inued, six months hence you will ,
AVE no party, and the love which a
he country wants to give you will lie I
rozen to death. When the battle L
'oes against great general he orders I
halt and reforms his lines. i
am not in the confidence, do not
ersonally know your close advisers. {
Mt Judging by their words spoken in : :
ne past, neither the Secretary of the 7
reasury nor your leader in the SEN :,
te believes in your present policy. a
hey cling to you hoping eventually b
save you, their party, and the fC
ountry from going over the preci- Il
ice before them, but their hearts are ;
lied With fear. Call them to you, b,
-r. President, and with them, the ol
ne men who in adversely aud pros =,
srity have carried the banner ''fnll =.
OH adyanced"Of DamOcracv eo Ionc,