The Waco evening news. [volume] (Waco, Tex.) 1891-1894, 1893-09-16

system. That accomplished, their
labors are finished
1t is all they want except that
congress shall aijourn The $50
600, 600 of tegsl teuder treasury
notes required under the Sherman
act each year to be paid out for sll
yer bullion, which goes out into
circulation, aud is the only source
OF Increase in the volume OF money
10 meet increased demands from in.
creased population and business,
WIN be cut off By the passage of
TINS bill; and to this extent cur.
rency will be contracted, in add.
tlon to the universal shrinksge in
evItably to occur from the adoption
OF the gold stand ard. TIE secre
taly of the treasury is reported by
che daily papers of this city, in in
tervlews, az saying that the country
needs no addition TO its circulation,
that we have money enough, and
that all We need is confidence. The
president, in his message makes
put one recommendation, and thai
IL 10 repeal the Sherman act.
The bankers, CAPT slists and gold
mongers, whose wealth is to be
largely increased if not doubled by
the repeal of the Sherman act, are
using all their power over mer
chants and the interior bankers,
resorting to every form of coercion.
Printed petitions, with printed let
tiers OF instructions, have b,en
showered over the country from
New York and other eastern cities
TO be filled out with signatures and
forwarded to Washington for eff ct
upon members of congress The
pressure through the national baoks,
machine petitions, the metropoli
tan press, and the vast power of the
executive department of the gov
eminent for the passage of this II,
is the most tremendous ever before
known.
the house, unable to Withstand
it, has succumbed, and the United
States senate stands today the only
barrier between the people and
spoliation. Thrown into dire dis.
tress and rendered utterly helpless
by a panic conceived, excited, produc-
ed and m anipulaed by the New York
national banks and their cocoon.
spirators in other eastern cities and
in England for the purpose of
coercing their consent to the pas.
sage of this bill, the people of the
United States have right to ex
pect congress to protect them
against the gigantic combination
which is assaiiing them. Do sena-
tors doubt the existence of this
combination? call to the stand
Hon. John G. Carlisle, secretary of
the treasury, who in 1878, on the
floor of the house, of which he was
then mem Der, in speech of re-
arkable power, used the following
language. 1t has been heard be.
fore, but will bear repetition:
81 know that the worlds stock
of precious metals il none too large,
and l see no reason to apprehepd
that il ever will be so. Mankind
will be fortunate indeed if the an.
nual production of gold aud silver
coin shall keep pace with the annual
increase of population, commerce
and industry. According to my
views of the subject, the conspiracy
which seems TO have been formed
here and in Europe to destroy by
legislation and otherwise from
three sevenths to one.half the metal
Tic money of the world is the most 81
gantic crime of this or any other age.
The contamination of such scheme
would ultimately entail more misery
upon the human race than all the
wars, pestilences and famines that
ever occurred in the history of the
world.
"The absolute and instantaneous
destruction of half the entire NOV
able property of the world, includ.
ing horses, ships, railroads and
other appliance for carrying on
commerce, while it would be felt
more sensibly at the moment,
would not produce anything like
the prolonged distress and disor-
ganiz alton of society that must in