The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-08-17

Washington, Aug. 16.-President A.
| c. Fiske, of the Pan-American Bimetal-
| lie league, in behalf of that organiza-
ton, has sent a notable statement to
the special committee of the United
States Senate investigating the indus
! trial depression and the remedy. He
says:
lone or two more panics will find
this country in the condition of Rome
and other extinct republics, when they
went down. There is no necessity what
ever for issuing a government bond.
and every one ISSUED, whatever the
purpose may have been, resulted in the
robbing of the people to the full eX-
tent of the issue. Why should we be
taxed from $5O,OOO,O 600 to $3.50 900 a
year for thirty years on bonds in or
der to maintain a banking system
which was conceived in sin, born in in
| Equity, nurtured in conspiracy and
ripened into treason. Why should we
/ be compelled to use a demonetiZed bill
and demonetized treasury note not
! even when the government has the
power to issue full legal tender money.
| With an honest issue of money, the
people could not be plundered a bill
lion or more dollars each year, and
! there would be no occasion to pay
those who conspired to have this ma
ton the depository of their surplus
money four or five millions a year for
| taking care of their imaginary gold re-
serve.
Bad Recent Inventions.
"The bond of nations and the issue
| of demonetized currency are recent in
ventions. but many nations have of late
years fallen prey to this new device
They must in consequence repudiate or
return to barbarism. The creditors
who are confiscating the property of
the nation cry Imitation when the
Oppressed debtor asks for honest money
with free coinage of silver and the re-
monetization of the paper moneys.
| Imitation, indeed; with 25-cent wheat
I5-cent cotton, 2-cent beef, so cents for a
days labor, our money will be stable
when the American farmer, planter
and laborer are reduced to the condi-
| ton Of the people Of India and the 9TH
er serfs of other countries under the
financial domination of England.
1T is sincerely to be hoped Congress
Is in earnest in it's efforts to ascer-
tain the cause Of the present disturbed
condition, and is ready and willing to
apply the proper measures for relief,
land that no further attempts will be
made to deceive the people by distract
ing their attention from the real issues,
as has been done by discussions of the
bloody shirt, the seal question, the
force bill, the Chinese question, the
canadian railways and canals, and the
! tariff and the prescription against one
religious denomination known as the A
lP. A. movement; but that laws shall
11Na
to all the people instead of Il very few.
In the Interests of the Creditor Glass
1T would seem that Congress has
already legislated to the interest of
the creditor class far beyond the boun-
! diaries of safety, and should take warn
ing less the people, who are fast be-
coming aroused to the real cause of
the difficulty, may take matters into
| their own hands and elect both Con-
gress and chief executive who will be
their servants, not their masters.
with that day will come prosperity
through the introduction into our
statutes of justice to all classes, which
may be partially and briefly summar-
lied as follows:
The monetization of silver to 15ta
to l; all money issued by the govern
ment direct; all demonetized money to
be called in and fully legal tender mon
ey issued in lieu thereof.
One money for the bondholder,
creditor, debtor, Office holder, importer
and banker
The establishing of postal savings
banks.
The adoption of the initiative and
| the referendum. This would prove IA
tai to that political evil-the lobby.
Robbery would be an unsafe IN
vestment when the people themselves,
instead of a corrupt legislative body,
had the decisive ballot. The power to
coin money and regulate the value
thereof to be taken from Congress by
a constitutional amendment. History
has demonstrated that it is unsafe to
entrust a legislative body with the
power to pauperize and enslave the
people. In like manner the power to
enact tariff legislation will be taken
from Congress, a commissioner ap-
pointed free from all influences, to
draft revenue laws which, when final
| ly adopted (by the voice of the people,,
| will only be modified, changed or re-
pealed in a given period of time and
then only by 4 direct vote of the peo-
pie, thus allowing the business inter-
ests of the country to adjust them
selves to its provisions"
President Fiske says:
| THE Nicaraguan canal will be con-
structed and paid for by the govern
ment money, not by bonds. A number
of radical measures are suggested
President Fiske says the views sub
mitted express the sentiment of 165, 900
members of the association"