New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1893-04-26
Iessrs. Hansbrough and Jones and
Banker Clark Interviewed at
: ...>c New York.
MIR. Hansbr0ugh Denounces the Gun.
patriotic Ambition of Wall
Street Men,"
A Free Silver Coinage Law Is In.
evitable Unless They Shall
Quit 1t.

NEW YoRE, April 25.-The Times
prints interviews with Senators Hans
brough Of North Dakota, and Jones of
Nevada, and with w. A. Clark, a
banker who was Democratic candidate
for the United States senate during the
recent deadlock in the legislature Of
Mon tana. Mr.. Hansbrough said he
thought tl:e whcle bond buying and
selling business was a gam bling
game" He said that the present short
sge of god came from the unpatriotic
ambition of few men in Wall street to
mails money.
How 1t Is Worked.
some OF these mems names" said he,
'arl'ear in the papers every day as
about to ship from $1,000, 600 to
s5,0(o.000 OF gold to Europe. They
are men whose business it is to do a
brokers' business in gold, and it is pos
sible for them to do a mighty injury to
the general business Of the country
by making largo sales OF gold at
such time as this. They receive a
small per cent. They are bound to
make money at all hazards. A few men
in Wall Street can shake up business all
over the country, and do more to I'M
settle public confidence in business en-
terprises than any other set Of men in
the United States.
''If report comes out some morning
that IS, 100000 in gold is to be sent to
Europe tomorrow, down go certain
stocks, and the firm that ships the gold,
knowing what would be the effect of
this report, has governed itself accord
ingly.
1.-THE Bond Buying Business
is part of the same unpatriotic money
making scheme. The bankers would
like nothing better than an issue of
800, 100000 in bonds. They could he
placed in Europe on short notice, and
the bankers that handle them would
make percentage. Presently they
would begin to come back to this coun-
try, and the gold would begin to be ex-
ported. The Wall street crowd would
make another profit, and we should be
travelling right around in circle.
After time some more bonds would
be needed" ~. .,..
What can be done to relieve the sit
uaticn?"
What WIN Happen.
81 will tell You what will be done. ;E:
my opinion. il the lew men in Wall
street do net quit their juggling with
the finances OF the country. When con-
gress meets a free silver bill will he
passed. 90 not say that Iwould favor
any such thing. I do not want to DO
understood DIS declaring myself in favor
of free coinage, bat I believe that the
feeling throughout the country is that
that in six months more. unless Wall
street stops it's manipulation, free
coinage bill will be passed by both
houses"
Would Pass 1t Over a Veto.
Twill not President Cleveland veto
| it?''
| Yes, but they will pass it over his
Veto"
Will a free coinage bill be presented
tor the Sherman act!
| 1T may grow out Of the struggle
which is certain to come when an at
tempt is made to repeal the Sherman
act. That act will be repealed, and the
question is what shall take it's place.
One thing is certain-the government
will stop buying silver bullion and pay
ing for it in gold"
| Senator Jones Opinion.
Senator Jones said: The present
situation shows that the country needs
money with which to transact its bust
ness"
Mr.. Clark said that during his recent
visit to Washington he gained the i'm
preston that no bonds would be issued.
DO you think the situation is Sc.
rious?" he was asked.
mo, I don't. The $1OO,OOO.OOO of
gold reserve for the redemption of'the
governments paper is largely a theory
an idea which in practice is not an
important one. There is in round mum.
bers $34O, 900, 600 of this paper, and fol-
it's redemption there is set apart hardly
30 per cent Of that amount in gold. Now
| CQaG IdCE Se0luS 10 1QO1CdGe
the whole basis Of redemption
is simply the credit of the
4 government. The government has
guaranteed to redeem certain of its
paper, but has reserved hardly one.
third enough gold to do it. What differ
ence does it make if the government
takes $40, 1908, COO from this gold reserve
or five tines ten millions and spends il
for nothing else? Does anyone believe
that if the occasion came when this
paper was presented and gold de
: nanded. the demand would not be met
That would be the time to issue bonds
EVELAND ON FINANCES.
All Kinds of Treasury Notes, He Says
Will Be Redeemed i'll Gold.
WAsEIsGroN. April s5.-Toa repre-
sentative of the United Press the presi
dent said:
The inclination on the part Of tn
public to accept newspaper reports con
corning the intentions Of those charged