The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-08-09
DIRECT TO THE PEOPLE.

But Gold and Silver Miners and Speculaeeao
Are Not the People by Long Shot.
81. We demand q national CURRENCY
safe, sound and flexible, issued by the
general government only, full legal
tender for all debts, public and private
and that without the use of banking
corporations; just equitable and efa-
cient means of distribution, direct to
the people at tax not exceeding per
cent, be provided, as set forth in the
sub-treasury plan of the Farmers ALI
ance, or some better system; also BY
payments in discharge of its obligations
for public improvements.
"a. We demand free and unlimited
coinage of silver and gold at the pres
emit legal ratio of Is to l."
When the peoples party adopted the
above financial plank in their national
convention at Omaha on July 4, 1892.
there were earnest, Jealous workers in
the peoples cause who bitterly opposed
the demand for metallic coinage. An
matter of fact, the two clauses, or
sections, contradicted each other. Gold
and silver coined money is not issued
''direct to the people," nor, indeed, can
it be. Under the operation of metallic
coinage acts, the volume and distribu-
ton of the money of the nation is COM
pletely under the control of the bank
ers and their confederates and allies,
the miners and spectators in gold and
silver bullion.
The government neither does or can
coin gold or silver until it is taken to
the mint by it's owners, and when is it
coined the money remains the prop
erty of those who took the bullion to
the mint.
Thus, when imitation is desired bull
lion is taken to the minis in increased
quantities and when contraction is de-
sired the bullion is stored in vaults and
withheld from coinage.
AS Fl. E. Taubeneck well and truly
says: Don't misunderstood me. 1
am not for one moment opposed to ma
tionalizing all our national monopolies
and resources. What l mean is this:
Let us first destroy the money trust.
Let us cut the body of this tree to the
heart on both sides, then when it falls
we can rest assured that it is only q
question of time until every infant
every branch, leaf or twig of this
parent trust will fall with it. Tho
next question is, how can we destroy
this money trust? Will free coinage Of
silver do so? No. First, because there
is neither sufficient amount of gold
and silver on hand for monetary use,
nor can the mines supply them.
Second, it will still leave the power
to issue money in the hands
Of individuals-those who control tho
products of the mines-and our money
volume at the mercy of the ebb and
Cow of coin, which will produce an in
aation every time it comes to our shores
and leave a panic whenever it departs.
To-day our money volume Is practically
controlled by gold trust If we add
free coinage of silver and let the banl0
issue the necessary paper money we
will then have a gold and silver trust.
The money power will control our vol
ume of money just as effectively as they
now do, with only this difference: That
both metals are more difficult to CON
troll than one"
AS the Nonconformist says: 1.-THE un-
day will, as the evolution of man moves
forward, be supplanted by an order of
things that will bring peace to thous-
ands of households which are now the
habitation of misery, crime and degra-
dations. The present agitation will
finally result in the abolition of tho
money quality from everything that
possesses intrinsic value'