The DeLamar nugget. [volume] (DeLamar, Idaho) 1891-1900, 1893-05-13
The Monometallic Conspiracy.


| 1t looks very much as if the New York
bankers have deliberately entered into
conspiracy to force Congress to repeal
the Sherman law in the interest of the
monomstalists.
| There was a report published some
days ago in New York and telegraphed
to San Francisco to the effect that at the
recent meeting between Mr.. Carlisle
and number of the bank presidents of
the metropolis, Heterogeneous were made
to further discredit silver. The bankers
on their part ware to refuse all loans to
business men in the States which favor
free coinage until the Congressman and
Senators from those States shall consent
to the repeal of the act. Mr.. Csrlisle
agreed to this plan, SO the account ran,
and promised to do every thing in his
power to render the law obnoxious
This story had the appearance Of being
a sensational fake; at all events it
seemed so improbable that it fell fat
Though Mr.. CarIislr, being in Presi-
dent Cleveland's Cabinet, is presumably
lopposed to silver coinage and silver pur-
chases, it is not conceivable that he
would lend himself and his official pow
er to a scheme of this character.
But Senator Jones of Arkansas, in a
recent interview, suggests that the New
York bankers probably gave out the
pretended account Of their interview
with Carlisle as published. This is not
unlikely. They have certainly done
and are doing everything possible to
prevent and Obstructive enforcement of
every act passed by Congress looking to
the restoration of silver.
Except the Shareholders rebellion
there has never been more infamous
conspiracy in this country than that of
the gold monometaists represented by
the New York bankers. And it cannon
be denied that heretofore, at least,
President Cleveland has been in full
sympathy with them. Whether he will
continue to give the conspirators en-
couragment and aid remains to be SEEN
Perhaps he may have discovered or may
discover, that the American people have
determined that silver shall be restored
to a parity with gold, and with this
knowledge be may change his views or
yield his purposes. a few months will
show.
The industrial and financial world is
para!yzed to great degree by the
shrinkage Of values through the appre-
citation of gold through the gold einch,
it might be aptly termed. From indica-
tions recently given out in London it
looks as if the Gladstone administration
may prevent the reassembling of the
monetary conference. At all events,
it is now apparent that no relief may be
expected from the English, French or
German governments. The creditor
class have the upper hands there, and
probably also with the Cleveland ad-
ministration. They are determined to
tighten the cinch.
Thoughtful fnapciers and business
men in Europe and America have stud
led the industrial situation throughout
the world and have pointed out that
production and commerce have been
hampered by universal shrinkage and
the consequent went of confidence, with
out which agriculture and mining Ian
guish, manufacturing enterprises ere
curtailed and trade ceases. But the men
who understand and have explained the
evil are powerless to effect remedy.
The bankers conspiracy is in the sad
die. In England Gladstone has no good
word except for the creditors-for the
men who have debts due them which
become more and more valuable as gold,
the single standard of money, becomss
relatively scarcer. France and Ger
many follow England.
With this unpromis;ng outlook the
eyes of the industrial world are turned
toward the American Congress. VIII
the Representatives and Senators have
the courage of their convictions and re-
store silver and confidence, or will Pres
ident Cleveland, at the instance of the
bankers conspiracy, dictate and enforce
a monometalic policy? That is he vi
tai question of the days. f. Chroni-
cla.