People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1893-12-08

The 3Oth day of October, 1893, will
be memorable one 10 the history of
this nation. On that day the senate
agreed to permit Enoland and Wall
street to control the i'm noes of the
nation. The history o; this foul con-
spiracy ought to be read by every
American citizen.
1t Started In England.
A short time ago Austria was induced
to adopt the single gold standard. To
obtain the gold for this purpose she
was forced to issue b nds. English
capitalists, alwa,s ready to purchase
COVE nment securities in prefere ce to
all others, des red the bonds They
held certain railroad and other United
States securities which hey des red to
sell to obtain the gold to buy Austr as
bonds. They knew if they cou'd Sc
cure the demonetization of silver it
would enhance the value of gold and
also of the GOLD oOlig lions which they
held against the United States. To
this end they set to work. They Sc
cured the aSsis ance of Wall street cap
italists who also saw in the bull move
ment an opportunity to sell the obi
cations they held at a good profit
They secured the assistance of tankers
who saw. if silver was put out Of the
way, an opportunity for the further
issue Of bank paper, and the more
complete control of the currency. En-
z ish merchants saw, in the apprecia-
ton of gold, cheap wheat, cotton and
other American products for their mar
ket Thus the conspiracy was form ed.
The frs. step in the program was
to make raid o. the gold
in the United States treasury.
This was begun in August, 1892, when
Jew firm in New York presented at
the United States treasury $1,000, coo
in the treasury notes that had been
paid out for silver bullion, ard de-
manded payment in gold. Here is
where the completely OF the United
States officials began. For the first
time since the passage of the Sherman
law the United States treasurer COM
piled with the demand Then more
securities were sold, more notes pre-
sented and more gold demanded This
raid on the gold reserve was kept up
until about $50, 100000 were exported
Then was raised the hue and cry
against the Sherman law, the only
friendly silver law left upon the stat
ute books. At this point came the
time for the banks to act. Their part
of the program was to produ panic
and charge it to the Sherman law or
to the continued coinage of silver
The banks began to call in heir loans
and 10 close their doors against Dor
rowers- As all the banks were not in
the conspiracy they were not prepared
for the shock which followed. De-
positors took fright and began to
withdraw their money. The panic be-
came general and soon passed beyond
control of the banks. Bank suspen-
sions were announced in far
ing headlines in the press, and
the panic increased. The conspirators
calmly surveyed the situation. Tele-
grams were sent out al over the coun.
try asking how congressman stood on
the silver question. Influences were
at work to create sentiment against
silver, and votes 10 repeal the Sher-
man law. The President used OF
withheld the patronage at his com
mand to influence votes against silver.
Congressman who had been elected on
account of their free silver professions
found themselves unable to secure the
| official appointments they had prom
Used their understrikers. Others Of
life long fidelity to free silver suddenly
changed their views and were per.
mitted to distribute official appoint
ments with lavish hand.
The summer was passing along
toward the autumn. Business men
were failing everywhere Msnufac
tories were closing downand thousand:
Of men and women were thrown out
OF employment Yet the consplrator:
showed no mercy. When the storm
rose so high that it was about to over.
take them the banks boldly violated
the law BY reducing their reserve be.
low the legal requirements and issu.
ing clearing house certificates without
paying the legal lOper cent tax
At last the supreme moment
came. The conspirators figured
that congress, which in the spring
was strongly in favor of free
silver, had been sufficiently Influenced
to vote against it now. Wall street
sent its representative to Mr.. Cleve.
! land and told him what to do. The
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