The herald., 1893-08-27
gether. Angelefios have made up their
minds TO stand in with Los Angeles and
Southern California.
WHY SHOULD THg UNITRD STATES BIZ
STRANGLBD BY WALL STRKRrs

|
WHY SHOULD THK UNITED STATES B
STRANGLBD By WALL STRKRrs
| There is just one thing in the Unite,
States as to which there ia an uncommon
unanimity, and that is to the sffsct tina
there is q deplorable stringency in tn
money market. Why any nation shoult
allow itself to be half strangled for tn
lack of q sufficient circulating medium
passes our comprehension, as it doubt
less does thato of any body else who is NO
allied to Wall street, in New York, ant
Lombard street, In London. The plar
with these amisble gentlemen is to en-
courage the multiplication of stocks
bonds and everything that carries inter.
est in lawful money. and then to make
an outcry that they were intended to be
made payable in gold coin. One Of the
most remarkable things ever known in
this country was the way the people Of
the United States were betrayed by the
Republican party. All our Indebtedness
was made payable originally in lawful
money of the United States. Thsddeus
Stevens, the chairman of the committee
on ways and means, got up in his
place in congress and stated that
he ought to know what was in
tended, as he drew the bill
with his own hand. He solemnly de.
clared that the principal OF the bonds
was to be paid in lawful money of the
United States, although it was stipu-
lated that the interest should be paid in
gold. The reason for the distinction
was very apparent. 1t was supposed
that the United States would triu mph
in its contest with the south long before
any of the bonds would mature, and
that everybody would be glad to have
our lawful money.
1t was left to the sleek and unholy
John Sherman to betray the people OF the
United States at this juncture, q role in
which this oleagenous betrayer OF the
masses has figured at every stage OF hiu
career. 1t was left for this great and
gaunt simulacrsm of defunct integrity
this phosphorescent shadow of honesty
to get up in his place in the congress
OF the United States and to move that
both the principal and interest Of our
national bonds should be paid in gold
coin, instead of lawful money of the
United States, in which latter medium
the debt was contracted, meaning
greenbacks, treasury notes and gold
and silver coin. Hundreds of millions
of the peoples money were thus sscri-
feed.
This minor infamy of John Sherman
was only ecipsed by the greater hagiti-
BUSINESS of his cunning and treacherous
demonetization of silver-the greatest
financial crime ever consummated since
the world began-a crime that trans
formed nations instinct with energy, en-
terprise and hope into regions imbued
with grim and glum despair. A thous-
and-nay, million-individual mur-
ders would be nothing in comparison
with this ineffable infamy, which struck
the light out OF the beamlng eyes cf mil
lions OF human beings, and made de-
spair the order OF the day and night;
and which, Tor all PRACTICAL purposes,
extinguished day altogether and turned
mankind over TO the dread horrors OF
dread Walpurgis Nights Dream. The
principal OF the national debt was paya-
BILE IN greenbacks. Through the malign
interposition of this slave OF capital two
thirds of it has been already paid in
gold. And still va fnd that cold
blooded ideal icicle clamoring for fresh
concessions to capital. As a matter of
fact it is scarcely possible to place Q
limit to the extent to which he and his
associates would carry their betrayal of
the masses in the interests of the
classes.
But why should the people further
endure the treachery of these gizzard-
lesa and heartless men? John Sher.
man is a millionaire, although the
largest yearly income he ever received
and he has always filled official sta
tion-was $4,000 year as member of
the house and senator. with the excep-
tion of the years he spent in Hayes's
cabinet as secretary of the treasury,
when he got $4,000 per annum. His
long and uninterrupted favoritiem of the
Third National bank Of New York, while
he was secretary of the treasury, is un-
derstood to have laid the foundation for
the millions which he could not have
saved out of his salary of 5000 and
$4,000 year, and which he could not
have legitimately earned.
But to come back to our muttons
Why. aud then again why, with sev-
enty-fve thousand billions OF conceded
wealth, accumulated at a rate of three
billions or more a year, should the
United States allow itself to be strangled
through construction of it's circulating
medium? The idea is too silly to be
entertained by a robust people whose
securities, advanced just one-half of
one per cent in yearly interest, would be
scrambled for by the whole world.
Idiotcy is not congenital in the United
STATES, Tnis country has rejoiced in
generations OF intelligent and robust
peoples, who have distinguished them
selves alike in war and in peace. Why,
then, with the most prolific production
known on the face of the earth, and with
the ability to do business absolutely be-