The representative., 1893-09-27

yOu W1IUC. NCNCl dOOuU UIlC
grammar or the spelling. The prin-
ter will fix all that. Good sense and
an honest purpose are rarer things
than book learning.-THE EDITOR.
AN ATROCIOUS CONSPIRACY,
DemOnetizing Silver in the Face OF
Maturing National Bonds.
I'VE take pleasure in printing the
following very interesting letter
from S. M. Owen ESQ.,, of Mime.
apolis, editor of the Farm, Stock and
Home. We hope to hear from him
again.-ED. REP.
EDITOR REPRESENTATIVES,:
Why this feverish haste, this in
sane desire of the cOuntry's wealth
absorbers to accomplish the final and
complete overthrow of silver as a
money metal? Why the unanimity
of the daily press on this subject, a
unanimity as rare as it is suspicious:
Why powerful and costly lobby in
Washington devoted to the cause?
Why the eagerness of England's capi-
talists to see the final deed accom-
plished? Because they are the last
cards played by bondholders in the
game Of defrauding and beggaring
the people; game that has taken "a
years to play, but that is now near
ing it's end. They are the surface in
dications of the elimination of a
conspiracy begun in the ''credit
strengthening act" of 1869, contin-
ued in the silver demonetiza tion act
of 1873, and will be triumphantly
cOnSummated in the failure to restore
silver to it's old place as a money of
final redemption.
About 13 years hence $3.50, 900, 900 of
government bonds mature; they are
owned at home and abroad, but
wherever owned are largely in the
hands of the worlds wealth-absorb-
ers. The bonds are now payable in
"coin," which meant, prior to 1878,
gold and silver, or gold or silver, and
will mean the same at their maturity
if the attempt to make silver a part
of the nations "coin" be not de-
feated.
But, the attempt defeated, the
bonds will be payable in gold alone,
and they cannot be paid. All the
GOLD of the world aggregates but lit
tie more than five times the face val
ue of the bonds, and at their matur-
ity the worlds stock of gold will be
relatively smaller than now, for the
decline in silver production will les
sen the production of gold, since all
profitable silver mines yield liberal
quantities of gold. Payment of the
bonds in gold, then, will be out of the
question, or if possible it will be in
gold so high of price that it will take
from so to 100 per cent more of the
products of labor to buy dollars S
worth of it than now, even: which
will mean that the induStrialists of
the country will have to toll, sweat
and groan to pay from $75O,OO0,OOO to
81 900, 900, 900, instead of the $3.50, ,OOO,-
600 now 'nominated in the bond"
If the bonds are not paid in gold,
then this great nation, with all it's
natural wealth, it's matchless skill,
it's tireless industry, will become
bankrupt to lot of Shylocks who
are now conspiring to that end, and
they will be able to make any terms
they please, impose any additional
burdens upon the already oyerbur-
dened shoulders of the wealth-pro-
ducers that their greed may suggest.
1t is to the consummation of this
scheme, this conspiracy, that every
American citizen contributes, who
in press, halls of legislation, church,
Office, school or street uses tongue OF
pen in behalf of monometallism
though, in charity be it said, thous.
ands of citizens are so contributing
of whom it may be said truthfully
"Father, forgive them, for they
know not what they do"
There is given herewith the cause
of the bondholders' activity; the rea-
son why press is subsidized or hyp.
Noticed; why legislators are corrupt
ed or deceived; why powerful lobby
is maintained at great cost; and why,
In short, money flows like water in
the interest of the ''single standard y
The game is the most gigantic Of all