The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-03-14

on the dollar, the casual observer is
satisfied that the last robbery has
been perpetrated. But the busy
brain of avarice is ever reaching out,
not after new truths, but for gain,
gain, GAIN; and we next find these
civilized brigands have contaminated
a scheme for the demonstration of silve,.
This act, passed in 1878, destroyed
the money quality of silver, and thus
produced a farther contraction of the
currency. The object of this act was
first to prevent the payment of the
bonds, and second to increase their
value.
Never in this country had there
been an inves tment so safe and yet
so reliable. Shylock, with his boarded
millions, could rest on beds of down.
Neither fire, flood, mildew nor blight
brought anxiety to him. He seemed
to rest in assurance of the divine
favor, having obeyed the injunction
to clay up his treasure where moth
and rust could not corrupt, nor thieves
break through and steal" Indeed,
the entire country had become
sponsor for his wealth, for under the
law every producer and millions Of
wage-wOrkers had been instituted
vigilance committe to look after his
welfare Why should he not be op-
posed to having his bond investment
disturbed? The government held
that property in safe keeping and it
did not charge cent for the favor;
it collected his interest and paid it
over to him free of charge; it paid
his gold interest in advance and ex
empted him from taxation; the insur
ance agent and tax gatherer were
strangers to him, they did not modest
or make him afraid; and being thus
fortified, he was content to let the
producers of wealth exc out miser-
able existence while he Jared sump-
tuously every day. But it was not
the American capitalist alone who
entered into this murderous scheme
for demonetizing silver. In the
Bankers Magazine of August, 1873,
we find the following on this sub
ject:
'In 1872, silver being demonetized
in France, England and Holland, a
capital of 100000 was raised, and
Ernest Seyd of London was sent to
this country with this fund, as agent
of the foreign bond holders and cap
italists, to effect the same object (de-
monetization of silver, which was
accomplished
There you have it, paid agent Of
English capitalists sent to this coun-
try with $500, 900 to buy the American
Congress and rob the American peo-
pie. In confederation of this testi-
mony we read from the Congressional
Globe of April 9, 1872, page 1904, these
words:
ernest Seyd of London, distin-
guished writer and bullionist, who is
now here, has given great attention
to the subject of mi Mt and CO mage
After having examined the first draft
of this bill, (for the decentralization
of silver, he made various sensible
suggestions. which the committee
adopted and embodied in the bill"
So says Mr.. Hooper, who, at that
time, was chairman of the committee
on coinage: but will further add that
| heard Hon. Gilbert DeLamartyr
say that Judge Kelly told him that
he kelly saw the original draft Of
the bill for the characterization of
silver, and it was in Ernest Seyds
own handwriting. God of our
fathers! A British capitalist sent
here to make laws for the American
people. England failed to subjugate
us by the bullet, but she stole into
our Congressional halls and by the
crafty use of gold. obtained possession
of the ballot, and today. American
industry pays tribute to England,
despite our blood-bought seal of in
dependence.
Not only did the demonetization of
silver prevent, or at least retard the
payment of the bonds, but it added
to the value Of the gold in which
these bonds were then to be paid.
Every dollar taken from circulation
adds to the value of that which is left,
hence the decentralization of silver
increases the value of gold. After
England had demonetized silver, our
silver dollar, containing 4124 grains,
was not worth as much in that coun-
try by at least ten cents on the dol
lar, as our gold dollar containing 25.S
grains of gold. BY destroying the
money value of silver, bonds became
payable in gold only. thus adding
immensely to their value. A British
capitalist, holding 100000, 900 of our
four per cent bonds, received an an
nual interest of 81 900, 900, which paid
in standard silver would be worth
ten per cent, or 100000 less than it
would be il paid in gold. This would
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