The Hocking sentinel. [volume] (Logan, Ohio) 1871-1906, 1893-11-02

anoune of the Oonds' I nat is wnat I
did say" said the banker of the great
est will and influence in the United
States.
Two hundred million dollars of four
per cent. q. S. bonds is what the bank
ers want With such power given the
president the New York bankers would
make currency scarcer than it has ever
been. They would gather the green
backs and the silver certificates and GO
to the U. S. treasury and demand gold
for them. Then they would lock up
the gold and gather more paper cur
rency and make additional demands on
the sub treasury until they would
deplete it In thirty days from
the enactment of such law
the New York bankers would
have possession of the 5000, 900, 900
of bonds. They would loot the SUBJ
treasury of its gold and buy the bonds.
Not dollar of gold would be brought
from abroad, The bankers would take
the reserve gold with the one hand by
presenting greenbacks and silver ecr-
ti6cates and pay it back for the bor IS
with the other. They would impoyerish
the country of currency. The crops
would lie in the cribs and bins and
warehouses, while the bankers were
clutching the bonds
After expressing similar views as to
the issuing of bonds as did Mr.. Morgan,
Henry W. Canman, president OF the
First national bank, of Now York,
having his attention called to the
fact that France carried s7Oo, ,Oo0 coo of
silver at par, said:
mo country is more misunderstood
than France and her currency. The
Bank of France notes are literally fiat
money. They say fifty francs one
hundred francs and do not promise to
redeem the bank note in any kind Of
coin. The five-franc piece in silver is
the general legal tender Of France.
They maintain the parity of gold, sill
yer and paper by main strength. You
can not, except from the Bank Of
gold coin to export under two months.
factor in exchange. Money moved
from New York, or even Chicago, to
Denver, loses earning power en- route.
Wide differences of locality and inter
est raise complications here no nation
in western Europe encounters
HAD WE SOMETHING
Like the Bank of France or the Bank
of England. or the United States bank,
xrO,11d cts1l ho cfr oir od 70 ,,rae
the parity of our money by main
strength, as in France, and distance
and loss of use would tell against us
Our great and steady production of sill
yer always threatens us with mono
metalism in that one standard. Upon
this subject l was twitted in Brussels,
and said to the Bank of France dele
gate: 1T is by main strength, by your
concentrated bank power over small
area that you av-ogate the
control of your money"
Observe, citizens OF Ohio and the
great west, Mr.. Cannon wan tsthe old
United States bank restored.
Are the people prepared for this?
Do you want the monster which
President Jackson throttled revived?
Do you want consolidation of the
money power?
Do you want the grasp Of the tyrant
at your throat?
Do you want the corrupting influence
which the old United States bank
exercised over congressional and other
official life restored.
Do you want to be put as people at
the mercy of the money power?
Do you want moneyed aristocracy
and government administered by plu-
tocrats?
The views expressed by Mr.. Cannon
are the natural fruits of special legis-
lation. They are the outgrowth of pa
ternal legislation.
Is it not time for the people to pause
and consider whittier are we drift
Ing?" If ever defeat was deserved the
republican party deserves it this year.
People of Ohio, are you prepared to
hold out your limbs for the shackles?