The midland journal. (Rising Sun, Md.) 1885-1947, 1893-08-25
The Conspiracy Developing.

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thought, who discuss business questions, or
more technically speaking, economic ques-
lions, except those who delight to indulge
in utopian speculations which may become
practical a century hence.
We have reached point when the tyrants.
of the money power are contesting the peo-
ples' rights 10 free financial system. The
area on which this battle is at present being
tried is the floor Of congress. The tyrants
of the money power hold possession of
ground they have strongly fortified, and
are using diplomacy, bribery and the old
superstitions of finance, TO consolidate their
power.
Their plan of campaign has developed
their line of battle which ls TO first expel
silver as a money metal. That accomplished,
the government and people are left with
thirteen thousand tons or more Of tie metal
on their hands. The daily papers, which
are the false heralds of the money tyrants
would receive orders, as soon as the silver
purchase law was repealed, to proclaim that
"con6dence" had been restored, that bus
ness was reyiving, that panic stricken peo-
pie who had drawn from the banks their
money $3.50, 100000 within the last 60
days. and boarded it were again returning
it, and the banks were beginning to discount
freely; mills were starting up, &C., DC.
This might be all false, but what care the
monopoly papsrs?.
The movement 10 the meantime in con-
gress will be to give the national banks
enlarged facilities for providing Cuisines"
with more currency, which will be an issue
to the full amount of the face value of THEN
bonds, and the abolition of the one per cent
tax on their circulation. This hayirg been
accomplished and silver demonetzed, the
most natural thing TO do will be 10 sell the
thousands of ions of silver in government
vaults at auction, for gold, to Sustain the
credit of the government" With this move
the old efforts would be renewed of calling
in the greenbacks, the silver certificates and
legal tenders, amounting in all to some
eight hundred million dollars and funding
them into forty year gold bonds bearing two
and a.half or three per cent interest, to be
used by the national banks as "basis for
circulation,'
This is the financial system the money
tyrants are leaving no stone unturned to
secure and fasten ON the country. A more
CALLING system of wage or industrial slavery
has never been fixed on any people under
the most despotic nations of Europe or
Asia, than that now being engineered for
the United States.
Let Us examine the condition more care
fully. About six hundred millions of gov
eminent bonds are now outstanding, due in
1907, drawing per cent interest. About
eight hundred millions more would be added
to the public debt, making in all in the
neighborhood of fourteen hundred millions
Of public debt. A combined effort wonld
be made by the money aristocracy TO refund
the 4 per cent bonds into long time, low
interest bearing obligations, with the pre-
MUM added, 1.-THE premium on these bonds
is 129 per cent?, to correspond with the
issues that the funded greenbacks, silver
certificates and legal tenders represented.
This scheme censummated we would have
bat one money, gold. None ether would be
acknowl lodged in law to be full legal
tender. National bank notes would supply
the only currency known, and they are not
now and never would be a legal tender.
Every debt contracted, rational, state, city,
corporation and mortgage on land wonld be
a gold debt. payable, principal and interest,
at the option of tbs holder, in gold, and the
debts aud gold too mostly in possession of
the London and other European Jew
bankers.
These money tyrants haye the President
and his Cabinet in their hands; they have
the machinery Of the two old parties in their
hands and the majority Of the leading me
of the two Houses of congress under their
control. They have virtually the entire
daily press of the country subsidized or they
OWE il outright and the old, most iuhuen-
tiaI religious journals, old agricultural mag
azines and Industrial periodicals ave either
actively aiding their cause or assisting it by
silence.
This is not an exaggerated statement Of
the dangerous s;taation which now confronts
the people of this nation, Ula slumber like
the five foolish virgins of the parable. The
national banks would be complete masters
of every dollar OF money in use. They would
have il in their power to contract and OK
pand at their pleasure; to put prices up or
down as best contributed to their interest.
They could and would control the stock and
produce gambling Of the Boards of Trade,
Chambers Of Commerce. as lhsy nov do, and
every gigantic species Of speculation. And
above and over the national banks would
stand the foreign holders of the gold debts
of the country, 1t is estimated that three
or four billions Of such debt are now held
by them. With such a fnancisI ryct9m
bound on the wealth producers of this coun-
try their condition would be deplorabe
indeed. And we ase at the very threshold of
Just such condition. 4 vsssaisge puder the
tyranny of money that avarice before nsver
even dreamed Of.
For thirty years the arch enemies of man
kind have been working and planning day
and mini Ia nnnanlidale This money emnIre