Mohave County miner., 1894-04-14
Who're the Crime iiss.

National Bank Of New York, IN an
article In the Engineering Magazine,
ssys that 'silver initiation is the principal
cause Of the panic and present condition
Of the trade OF the country, and that for
the first time in many years the currency
il on solid aud substantial basis"
What twaddle!
Yet, il is just that kind Of talk most Of
the toadying Eastern press look upon az
Law and gospel. They swallow every
thing, gudgeon fashion, hook, line, sinker
and all, that men holding positions like
Mr.. Simmons say, making no attempt
whatever to iesson out the matter for
themselves.
The cause OF this panic is solely and
excessively due TO the voluntary action Of
the Mou'h-peces Of the Rothschild
"riDg"
They announced through the press,
with brszenness that in itself Ia most
astonishing feature Of their arrogance in
their own power to oppress the Nation,
that they proposed to infllct an "object
lesson" on the mercantile community,
and, because they contracted loans on
wholesale scale. so that merchants and
borrowers could not get money ut any
price, it-as this bank president says--is
.'all due to silver"
Yes, il may be due TO oil YER in one way.
but not In the way Mr.. Simmons means
The money.lenders conspired to shut
down on silver, and enforced their s,ti-
tude-as statistics now prove-by cur
failing bank accommodations TO The
whole mercantile community until the
Silver law was repealed.
How the announced purpose Of these
money.lenders operated is shown very
well In the last annual report oI President
Roberts, Of the Pennsy lsania Railroad
system. In that report (Decembei 81,
ls93) Mr.. Roberts said:
Upon the first evidence Of this change
when the banks began to curtail loans),
your management suspended work on all
new construction and equipment, and
instituted rigid and thorough economies
in every branch Of the service. This pol
Of your company in good condition, and
will be pursued during the present year.
ualess the return Of prosperity warrants
schsnge therein"
Undoubtedly this thorough economy"
and suspension Of Work on all new con-
struction" was all very we'll for the rail
way IN question; but, how about the
workmen, manufactures and al, kinds OF
traders thrown out Of business thereby
Yet, what these money lenders caused
President Roberts to do had precisely the
same effect on thousands Of other EN-.
ployers Of labor and constructors oi
equipment
Then, how does Mr.. Roberts expect
return of prosperity, 30 lony as his and
other bi. roads spend no money!
That is just what a panic is. Ii is due
to the want OF that same money which is
received in the ordinary course Of
business
Had no, this money supply from the
money.lsnders been suddenly stopped,
there would have been no panic-there
would have been no distrust; and to say
that "silver i, II lion" caused this stop.
page OF loans by The banks is merely
confession Of conspiracy among these
banks to force silver imitation" out OF
circulation, even il they had 10 stop the
wheels OF trade of the entire country to
it.
What do these big bankers care about
the suffering and untold misery they in.
fiict on the toiling millions, so long as
abnormal rates Of usury are at stake?
II is high time that the people bank
for themselves. and take the control Of
the currency OF this country from out OF
the hands Of these uDscrupulous money
sharks.
There can be no security to trade man.
faciurers or any kind of commercial al
fairs so long as clique Of manipulators
have it in their hands and power at will
to contract the currency Of this country
for their own personal short-sighted
profit.
Then the currency Of the country. in
stead Of being on "a solid and substantial
basis" as Mr. Simmons contends, and
that there is nov warrant for confer