The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1893-11-07

British gold. Who subordinated his |
view OF right and fought for pay to
crush America. All those who are now
laborlng to stop silver coinage by work
ing Tor unconditional repeal are not |
brioed or paid by the British or foreign
gold, but they are acting under the
leadership Of those who are under
foreign pay, and the effect of their
action will be to crush American in
| terests.
The effort to lesson, OR stop the coin
age of silver did not arise in this coun
try. 1t arose in Europe. 1t therefore
did not originate for the good of Amer
ica but for the advancement of a class
in Europe at the expense Of America |
The. lessening of coinage for money
production does not benefit a debtor
country as it reduces prices and en-
hances the value of securities Amer
lea is a debtor country and Great
Britain is the creditor The lessening
of COINAGE or money production, does
not benefit an overproducing nation,
but it does the consumer, because it
forces the producer to furnish cheaper
food to the consumer. America is an
overproducing nation, and England is
the greatest consumer of what. she ex
ports. (See the work of Archbishop
Walsh, Of Dublin, published by Coin,
of Chicago)
1t is not for the good of any country
to cOnspire with foreigners to destroy
a native product, or render it's use en-
tirely subject to foreign dictation. Sill
yer is an American product, and she
is the greatest producer of it. When
the object of the unconditional repeater
is secured, silver mines will be dead
forever.
"Hessian" means destitute of patriot
ism, and working for pay. AS before
stated we do not claim all uncondi
tional repealers are devoid of patriot
ism, or working for pay, for the most
of them are deluded and led by those
who are working for pay. For thirty
years the cry has gone out that Wall
street must not rule this country, and
yet it has all the time 1t had the ex
ception clause put on our old demand
notes, and thereby obtained our bonds
at fifty cents and doubled our war
debt. 1t got the law Of 1869 made that
our greenback bonds should be paid in
coin, thereby adding $4OO,GOO,O,O to
their value, as greenbacks and coin
then stood, and the larger part of this
$4OO, 900, 900 went that instant to for
eigners then holding these bonds and
who had purchased them after the
close of the war as speculation. Wall
street influence, we believe, was poten-
tial in securing the act of 1878, stopping
silver coinage, and the act destroying
it's legal tender power above five dol
lars, which law prevailed from 1874 to
1878, and thereby made bonds that had
been bought for fifty cents worth two
hundred and advanced all mortgage
securities accordingly. What makes
Wall street influence SO dangerous is
the fact that it is the American agent
of foreign investors and when it ad-
vises it is solely for the profit Of for
eigners, and in their interest it is now
heading the movement for the repeal
of the purchasing clause of the Sher-
man law, and the demands for gold
bonds,
The "Henry Clews & Co, whose ad-
vice we see weekly on the same day in
the repeal press of every part of the
United States advising the repeal of
the Sherman law unconditionally, is
one of the chief agents of these foreign
investors, he always has their money
to buy and sell American securities,
and to manage and manipulate things
so as to enable his operations to pro
duce the greatest profit to his foreign
clients, and for this purpose he pre-
pares the matter which the repeal press
prints and endorses.
With such agencies TO educate the
public is it strange they are deluded,
and vote against their own interests
and the good of their country by being
led by Hessian agents and the Hessian
press into the Hessian campo Uncon-
ditional repeal is British move led by
their own agents of Wall street to en-
rich England and crush us, and those
who favor it should be termed ''Hes-
slams"
AS to the Seyd matter Mr.. Sherman
and others now claim, after lapse of
twenty years, that Ernest Seyd was not
here in 1873 to bribe them. The terms
for the act of 1873 were not laid then
nor in this country hit in Paris in |