People's party paper. [volume] (Atlanta, Ga.) 1891-1898, 1893-07-07
ENGLAND ADVANCES ANOTHER
STEP IN ESTABLISHING ITS
FINANCIAL DESPOTISM.

In other words, the free and unhmit-
ed coinage of the white metal is no
longer permitted.
The orders to this effect have been
duly issued from London, where a
dozen Millionaire bankers control the
destinies of the 100000 human
beings in India.
This order makes a distinct ad-
vance of the Gold conspirators. 1t
is the taking of another bold, defiant
step by those who seek to gather
into their Golfers the small amount
of the yellow metal the world con
tains, and TO force the balance of the
universe to pay them tribute for the
use of it.
All the varied produce Of industry
everywhere ON this globe, excepting
that which the producer consumes
seeks to exchange itself for money.
1t is plain, literal fact that we take
our cotton, corn and wheat, and la
Dor, and we purchase money with it.
We cant pay our mortgages with
corn, cotton or labor. We must get
legal tender cash. Hence we swap
our produce for money. We buy
the money eojM the produce.
Keeping this fact always before
us, we can never lose sight of the
dangers of the gold standard.
When the Financial conspirators
shall have accomplished their aims,
when all debts are brought to the
point that they can only be paid in
gold, where is the citizen who does
not appreciate the terrible advan-
tage which gold will have over pro-
duce
Who can tell how much cotton, or
wheat, or labor it will require ten
years hence to buy enough boarded
gold to pay off thousand dollar
mortgage
The closing of the MINIS of India
to private coinage, is a fearful blow
to the friends of liberal currency.
The Atlanta Constitution IN an
able editorial last Wednesday, ven
turesIthe opinion that this action onthe
part of England was taken in order
to keep the price of Silver from going
too low.
We cannot think this view is cor
rect. If the accepted theory
of the way in which the British
traders have manipulated Silver,
as against America, be correct,
it seems to us that the cheaper our
Silver could be purchased by Eng
land, the greater would be her profit
in buying it, and sending it to India
for Free Coinage into Rupees.
We cannot understand how it
would help England to befriend
American Silver, when she has made
such constant and successful efforts
to depreciate it.
We believe the true reason for
England's action lies in a different
direction.
Her astute fnanciers know that
the Sherman Act is to be repealed.
They know that the wires have
already been laid, that Cleveland's
plans are determined upon. They
know that he has used his patronage,
and his influence, in every possible
way, to coerce and corrupt the Con-
gressmen and Senators who owe their
positions to their avowed friendship
to Silver. England knows that the
Crime of 1873" is now to be made
complete by Democratic ratification
of a Republican fraud. Hence Eng
land takes her precautions.
She knows that American Silver,
outlawed in the country to whose
mines God gave it, will seek to go to
India, and reap the benefit of the
free and unlimited coinage which has
so long prevailed there.
Being wholly excluded from Amer
lean minis; for either public or pri-
vate coinage, the American silver
owner would be compelled to bear
all the expense and all the risk of
Ocean shipment to India, IN order
that he might have the privilege of
coming his bullion into rupees,
Having done this he would be
compelled to find use for the In
dian money. This would be the
purchase of Indian produce. The
American silver owner would thus
4u,.n his runaa into indian whaa+