The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1893-08-17

worth intrinsicaliy as much as gold
they would all be silver bugs" Silver
was at premium of 3 per cent. Was
wall street sentimental IN the person
OF It's representative, Mr.. Ruggles :?
ltead the report of his letters to Mr..
Seward, and then judge. This Confer
enc9 assembled III response to an lnvi
tatiOn from the Emperor Louis Ma
poison for the purpose of arranging
fora uniform coinage of gold and sill.
yer that would circulate International.
ly among the civilized nations.
This meritorlouS undertaking of the
French Emperor, however, was con-
veIted into an opportunity hy capital
lists to reduce the metallic basis of
money by one half and give to the
bankers Il practical monopoly of the
currency. The powers of finance saw
their opportunity, delegations of Capt.
tallsts Hooked across the channel from
London and Liverpool, a side meetirg g
was held and the scheme of demoneti-
Zation and contraction was pressed
with vigor and ability. RuggleS, in "A
speech tefOre the Conference, alarmed
the capitalists by leading them to be-
lieve that the mines of the United
States would soon nundate the world
with the precious metals. Speaking
of this country he said: cts annual
product, now nearly one hundred mil
lions OF dollars, may eventually reach
three or four hundred millions. The
money Of the world must be unified
now or never" The resolution dis
carding silver was passed and thus the
most colossal scheme of plumber ever
devised by man put cleverly under
way. Thus was projected the imam
clai poison which is to-day cOngesting
the worlds liver
Decentralization Of silver and dearth
Of gold are paralyZlng industry and
causing the wheels of commerce to
Screak; trade is crippled and production
tlons is being doubled and the worlds
activities are being compressed into
half their existing scope. 1t means to
conSign the nineteenth century to a
pauper's grave and to lay the heavy
hand OF paralysis on the cradle OF the
twentieth The prediction Of Bis
marck, that the gold basis would be
like several men trying to cover with a
small blanket-when one pulled the
other would be exposed-has been yeri-
lied. Russia pulled this gold blanket
and we had panic and reaction. Aus
trian Hungary pulled and our business
men have failed and banks broken by
the hundreds-the sweet results Of be-
ing on Scant ii lauclal basis common
to Europe.
New England and Oh Englandwere
in a kind Of conspiracy against the
Sou III and West in 1874, notwithstand.
Ing the fact that the war was being
Waged for the protection Of Northeast.
ern seamen and New England mari
| time rights, and what might have
transplred had not further proceedings
| been cut short by the treaty Of Gbeih
no one knows. William Loyd CARR.
son and Exeter Hall accomplished the
dream OF Sir Robert Peel when he al
VGcated the appropriation of twenty
million pounds for the liberation of the
West India slaves, claiming that it
would be an entering wedge between
the North and South and a long stride
towards the freeing of Southern slaves,
hOpl9g thereby to revive American ag
riculture to beat down commerce in
the West where England had competi-
ton, and build it up in the East where
she enjoyed a monopoly. 1t was left,
however, tor the Northeast, through
the agency Of ). b. Ruggles, to form a
partnership with John Bull to double
the war obligations Of the nltion
which she had amaSsed by the tariff
and Government speculation and had
already nearly trebbled by the funding
and specie paying Acts. For this
lncre Ruggle5 abused public confidence
and betrayed the nation ne Was ap.
pointed to represent. He led the con-
splracy to cut off silver from the minis
and Cast 1t into the sea of commodities.
Thus did the nation which Uses 80
per cent of the silver and produces but
per cent beguile the nation which
produces 90 per cent INTO striking down
one-half of its vplue. The nation which
is the greatest importer of wheat I'm
the world inveiglei the nation which
Is the greatest exporter of wheat in the
world into financial and commercial
deadtall, where 80 per cent was taken
from the price of her wheat. The ma
ton whose looms would be idle and
whose people would he hungry and
whose Government would be in up-
heaval upon the storm or riot if. with
out supply of American cotton. de-
celyed the nation which is the greatest
producer OF cotton into striking 80 Der
ent from its value. Verify, it appears
as though John Bun was bunco steerer
and Uncle Sam the gentleman from
the rural district.
Western Europe, large consumers of
A'HPoi tSt tooboIl, ana Obller
agricultural products, has not been
slow to learn through the medium of
deprecated silver 1T is enabled to pfay
the agricultural products of the East
against those of the Emitted States at q
profit marked by the decline in SILVER.
Consequently every subsequent inter
national monetary conference called by
the United States to undo the disas.
trOus and treacherous work led by
Sherman and Ruggles, in regard to
which said Sir RO5t. n. Fowler, NJ. r.,
London banker and Ex-Lord Mayor, at
a meeting of the British and Colonial
chambers of commerce held III London
that the effect of the depreciation OF
silver must iiL.aIly be the ruin of the
wheat and co1lon industries of Ameri-
Ca and be the development of India"
has been miserable failure and the
American delegates regarded as little
better than poor unfOrtunattS whose
nation had tritleI away its birLhright
The question Instantly occurs, why
ala the Northeast advocate such ac-
ton? Simply because her interest was
similar to that of England. She occd-
pied the position of creditor and bank.
pr for the SDnth and WpQt and nur.