The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16
"No. Broad Street, New York,

Dsar cir--N are oOllged to
you for your favor of the 10Th in
slant Offering loan on your mills"
This gentleman is connected with
a large cotton mill at Salisbury
(Which appears to be very good. 1t
is not in our line, however, and we
don't know any parties here who
could handle the paper. We hardly
think that the times have sufficient
ly improved to warrant negotia.
tions.
The senators from your country
are not looked upon a. promoters Of
the general welfare. II their stand
represents the views Of your people
on financial matters, ii viii be very
diticalt Cor you TO stcure any
accommodation from capitalists in
this section until there liz a decided
change. "Yours truly,
X. ID SHEPARD Il Co."
Mr.. Coke take the following
from the New York Sun of April %:
''l-et us point TO another fact and
we are done. Never before have
the large banking institutions of
Chicago and the West ordered their
gold in such large qualities d.reo.
from Europe, and in this fact il
found one reason why our bankers
are puzzled over the anomaly that
although all these millions are com
ing to the country they experience
little or no relief there(rom. The
other reason, gentlemen, is, in or
der to force the repeal of the Sher-
man act and to quickly establish
your power over the plain people of
this land, you first sent out of the
country one hundred and ten mil
lions of the peoples currency in or
der to assist the kothschilds to de-
monetize silver in Austria and else.
where, and then let it remain there
TO teach the West and South an
object lesson as the president
called it, until YOU found it was
necessary to recall it in order to
save your own house from destruc-
ton. Now, you have not only
taught the West and South an object
lesson, but yourselves one as well,
and you can be sure Of it"
These quotations from the lead
ing papers of the country could be
extended greatly hsyond the time |
can give to them, all establishing
the existence of the great con-
spiracy.
Mr.. President, when the Sher-
man act was on its passage through
the senate l voted and spoke against
it, believing it bill that should
not pass. That bill repealed the
Bland act of 1878, which partially
remonetizsd silver ard provided for
the coinage of not less than two
nor more than four million legal
tender silver dollars monthly. 1t
is now proposed to repeal the Sher
man act, without restoring the
Bland act or in any other way pro-
viding for silver coinage.
The house bill now before US, az
we'll as the Substitute reported from
the finance committee, provides for
the unconditional repeal of the
Sherman act, making no provision
for or recognition of silver coinage.
The house bill is, in my Judgment,
the more direct and manly mode of
dealing with the subject. IL repeats
the Sherman act, destroys silver
without making any apology for it,
and makes provision for disposing
of the remains (the coined silver by
making them redeemable in gold, if
this is necessary to preserve their
parity with that metal. 1t disposes
of the silver question and leaves
nothing that is demanded by the
gold monometal!ists.
The empty declaration of the sen.
ate substitute in .vor of bimetal-
lism, in the same enactment that
destroys bimetallism and estab-
fishes gold monometallism, is so
grotesquely Inconsistent as to need
no comment.
shall cast my vote against either
or both of these bills. 1t is gener.
ally agreed that the Sherman act
has had little or nothing to do with
bringing about the present financial
disturbance, and that the .xporta-
ton of gold attributed to it is for
the most part natural and legiti-