The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-05-17
FINANCIAL.
The Result of the Decentralization
of Silver.
A PROPHECY BEING FULFILLED

Eight years ago 1 delivered a
speech at Duluth ,[Oct. I, 1851, in
which | made the following prophe-
cy:
"The human family is increasing
at tremendous rate, and the busi-
ness and commerce of the world are
increasing in like proportion; but all
prices are fixed by a metal (gOld)
steady rising in value from it's in
creaSing scarcity, and which, by it's
additional purchasing power, sends
all other things in the world on
down grade.
'The world is dealing on con-
stantly falling market; this arrests
production, enfOrceS idleneSS, in
creases discomfort, and puts stead
lily increasing strain on all forms of
government. If the process contin-
ues the end of this century will be as
stormy and revolutionary as was the
fatal close of the last century,
Our prophecy is rapidly being full
filled.
All Europe and America are suffer
ing from discomfort and turbulence;
all enterpriZe is crippled; commerce
is largely bankrupt; Russia is hon
eycOmbed with mitilism; in Germany
the radical elements have defeated
the government on the army bill; in
Belgium the laboring men have, by
insurrection, forced universal suf-
frage from the hands of the ruling
class; in the United States the red
lights of danger blaze at a hundred
points; millions are unemployed; an
other Black Friday eliminated the
other day in Wall Street, and stocks
fell about IS per cent. In the mean
time Cleveland proposes to call con-
gress together, just as Louis XVI
assembled the tiers etat before the
great revolution; and every thought
full man looks forward with appre-
hension to the coming of the hot
weather,-the month of July-the
season of political convulsions.
The democrats obtained power un-
der the pretence that the cause of
all the public woes was the Mckinley
bill; and now their intelligent lead
erS are afraid to call congress to-
gether and repeal the Mckinley bill.
If they had been in earnest they
would have summoned an eXtra-seS-
sion for the 4th of March last, in
stead of letting the people be plum
dered for six months longer. But
the Mckinley bill is but a small part
of the nations troubles. Cleveland
is treating his patient for measles
when he really has consumption.
The true disease was stated by me
in that speech, at Duluth, eight
years ago. The operation of great
laws is as inflexible as death.
The demOnetization of silver was
intended, by the cOnspirators who
engineered it and bought it through
the different governments, to re-
duce the amount of metallic money
in the world one half; to double their
own fortunes by reducing the mass
of mankind to pauperism. In conse-
Quence of the resistance made by the
United States the scheme did not
perform it's full and perfect work;
but it reduced the worlds money
about thirty-three per cent, and
.proportionately curtailed the world s
prosperity.
The owners of the silver mines of
this country insisted on the remone-
tization of silver; and, as "tub to
the whale", the republican and dem
Ocratic congressman threw them the
Sherman act; which provided foT
the purchase of four million dol
lars worth of silver bullion every
month, at the market price. This did
not raise the price of silver, but it
gave the miners market for the
product of their mines. Without
such law silver would not to-day
be worth over twenty-five cents on
the dollar; the purchasing power of
gold would be increased to Is per
cent. above par, and the value of all
property would be decreased at the
same rate. Now it is asserted that
Mr.. Cleveland, in obedience to Wall
street, is using the federal patron
age to cOerce democratic senators
and representatives, especially from
the West, into voting for the re-
peal of the Sherman act. If he sue
ceeds he will plunge the whole world
into incalculable distresses, culmina-
ting in universal revolution. The
plutocracy is following precisely in
the steps of the Slaveocracy of 1861.
They will continue their aggreSsiOns
until blood flows, in a red and
mighty flood, that will sweep them
out of existence; while revolution
will re-cast all forms of government,
with new guarantees for the safety
and prosperity of mankind.
Mr.. Cleveland knows, and every
man with grain of sense knows, that
silver fell in price because it was de.
MED free-coinage in Europe and Am