The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-11-08
THE BANKERS PROGRAMME.

Bank Notes Redeemable in Gold Based
Upon Interest Drawing Bonds Payable In
Gold. -
The programme is to remodel the ma,
tional banking system, turn them into
state banks and allow them to use ma
tional state and other bonds as basis
for their notes. The bankers are fix
ing things to suit themselves. Cleve-.
land has heard from nine-tenths of the
bankers of all the big cities of the.
country. They run Grover, and Grover,
through ''judicious" distribution of
patronage, runs congress.
But it is strange that this admins
tration would admit that the govern
ment has the power to issue green
backs--and if greenbac are so good
and safe in time of trouble why would
they not be good in time of clear sail
ing?
The milk in the cocoanut is simply
this, and nothing more: Shylock wants
the right to issue all paper money, and
unless the people awake he will do so.
Every thinking man comedies the
right of Uncle Sam to issue greenbacks
but Shylock intends that Uncle Sam
shall delegate the power to him. With
silver (one-half our metallic money!
out Of the way, and Shylock vested
with the control of the volume of paper
money, he can the more easily and
quickly bring on panic or set things
booming, as best suits his desires.
And every thinking man knows full
we'll that our present panic is but
conspiracy on the part of the money
mongers. They simply called in their
They locked up the currency of the
country and insisted that the Sherman
purchase law was responsible for it all;
that the coinage of cheap silver
dollars destroyed ''confidence;" that
confidence would be restored by get
ting down to gold basis; gold for the
bondholders. and instead of CHEAP"
silver still cheaper wild cats for the
people. 9
But here's another beautiful PROPOSE.
ton by old. Shylock. He's perfectly
willing, in order to make the new stylo
wild cats good" that Uncle Sam shall
banks, as he now has over the national
banks. This is only the wood pile"
the ''nigger" is that Uncle Sam shah
redeem them in gold!
Did you ever!
Think of it! The bankers are to be
given the privilege of using govern
ment, state or other bonds as basis,
and then their notes are to be redeem
able in gold. Shortly after the passage
of such a law wild cats would be az
plentiful as dead leaves in a forest after
Jack Frost had gotten in his work. A
lot of them would be presented and
would get low; lower than even now.
confidence" would vanish; bonds
would have to be issued to get back the
gold and restore confidence" Then
a few million wild oats would descend
upon the treasury again and conf.
dence" would again go glimmering.
More bonds would need to be issued to
restore confidence" It would be a
''confidence" game all through and the
people would be confidenced at every
turn.-Chicago Free Trader.
No Compromise.
We do. not much like t. hear tho
senatorial talk of compromise. Ne
compromise can be effected that will
not initiate against an increase Of real
money, and whatever provisions the
compromise law may contain it is very
sure to contain one which will enable
the opponents of silver to hold that
means of an increase of money into dis
repute, and perhaps thus strengthen.
the gold power. If the worst must come
it is better to have it now. Let the blow
fall so that those who strike it cannot
dodge the responsibility Almost any
compromise would bolster up the pol
iticians, and give them peg to hang
their pretensions on when they again
go before the people. Better have an
earthquake that will shake the people
loose from their idols than these con-
tinual rumblings and jars that shatter
hopes and ruin fortunes, but do not
wake up the all too drowsy sleepers-
Progressive Farmer.
KyNo<HN ~