Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1893-10-25
AGAINST REPEAL.
The Banking House of A. II, Chisholm
& Co. Warns the Country.

The Banking House of A. II, Chisholm
& Co. Warns the Country.
NEW YORK, Sept. "a. - The last
weekly bulletin of the banking house
of A. Il. Chisholm & Co. has the fol-
lowing to say about the repeal of the
ShermaL law, and warning that more
money of ultimate redemption is
needed:
There is strange under current OF
feeling against the repeal of the Sher-
man act, as shown by the delay and
bitter fight in the senate. The moro
far sighted of our financiers now sec
what we have claimed all along, that
the killing Of silve' and the destroying
of the American market for silver
must result eventually in much lower
prices for silver and all the satellites
of silver, such as wheat, cotton and
all the products not only of this couu-
try, but of India as we'll. Our advices
from Washington are to the effect tina t
some compromise measure will be
favored by the powers behind the
thro@e. The continued rise in the
market shows that Mr. Eenedict, the
near friend of the President, and
Messrs. Keene, Connor, Morosini & Co,
and the 9th, bull leaders are aware
that some measure of expansion will
be PASSED. They certainly are not
bulling the market on repeal, as they
know that ce' tain London bankers arc
holding silver at lis present price to
throw our fiuanciers off their guard
and to hasten repeal When silver is
killed by repeal they will depress
silver to get more cheap WI at and
cot on.
During the recent silver panic in
India and Denver, wheat sold lower
than ever before The withdrawal O;
hundred millions of gold has shrunl,
values in this country several thousand
millions, and at least n thousand mil
lions in Wall street. Stocks have suf.
fered such severe liquidation that
they have gone into stro-g hands, and
that is the reason they are so scarce
in the street OF course, after such q
shrinkage money must soon be glut
in the street, as so much less money is
required to carry stocks. Still we
claim, as we have claimed all along,
there is not money enough TO carry on
the business of the country withou;
these perS dical liquidations and ruin.
Gus losses.
We havewarned the street timeand
again that our Wall street financiers.
who have howled against silver. were
cooking a devils broth for themselves
Wall street cannot do brsincss with
safety on 9j per cent credit or con
fidence and per cent cash. There
must be NOR. money OF ultimate re-
demption, and as all Europc is hoard
ing gJld, that money must be silver.
The bankers of London must not die
tate IL us how much domestic cur.
rency VIC shall have. With free coin
age they Will be glad to get their sill
20 SO'AON AotO AIucFlcdu uOIlaTS, II
they have any to spare, or they will
lose our trade. Thomas jefferson said
he Tiehed that an ocean Of fire rolled
between this country and England,
and II our statesmen are determined
to allow the London gold trust jugg-
lers to shrink our values thousand of
millions by the periodical withdrawal
OF gold, the sooner this country expe-
riences financial revolution at the
polls the better. The London bankers
have played with loaded dice long
enough. This country was once ruled
with British guns-it can mover be long
ruled with British old.-penver