The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-10-17
less 1t can be proved. What do you
know about ff?u

| AC0S ~ OQA W RtOVOus " A0U w yVA
know about it?"
Answer. There is no doubt that
Ernest Seyd was in Washington in
1872 and 1873. Mr.. Hooper, M. c., Of
Massachusetts, stated on the floor Of
the House, In 1873, as chairman of thel
committee on Banks and Banking
that Mr.. Seyd, London expert, was,
then and there present, and had asstst'
ed the committee in preparing The biH-he,
gerry same bill achich den,onetized sitUer!
And Mr.. Luckenback, reputable and
wealthy citizen of Denver. ColoradO,
made and published an affidavit fdl
which he swore that he, subsequently
to 1873, dined with Ernest Seyd, id
London; and Seyd told him that he.
Seyd, came to Washington in 1872,
with $500, 900 given him by the Bank Of
England to buy up Congress to pass
that bill; and that he, Seyd, expended
the money and secured its passage. y
do not believe that Seyd's son ever
made any such statement as you refer
to. It is simply one of the innumer@
able lies gotten up by the gold cOn|
spirators to shield their tools.
5. explain in detail, how the
banks expand and contract at Will
their volume of bank credit and So
bring on panics and business prostra+
tion."
Ans,oer. It is "as easy as rolling of
log" In the midst Of unbounded'
prosperity the banks can PROSTATE
the whole business world in fortyt
eight hours. All they have got to dQj
is to agree to extend no loans and.
make no more discounts, and ana
nounce those conclusions. That does
the business. like flash of lightning,
out of clear sky. A panic seizes
every man who is in the power Of the
banks,-and who is not,-except the
candy-sellers and peanut vendersa
The merchant rushes into bank.
ruptcy; the manufacturer discharged
his workmen, and the whole social
fabric tumbles in heap. You will
have to ask some question harder
than that.
6. "The Progressive Farmer" Of
April II, says, that the Sl0,000,000 Of
full legal tender United States notes
iSSuCQ uudCI dCU VI GU Il, JCOS, anu
made redeemable in coin by act of
March II, 1862, continued at par WITH
gold throughout the war" But also
says that, 800, 000,0 900, was issued that
year. Now | want to know what the
circumstance was that only or $10,-a
100000 was thus treated, and not the
other $50,000,000."
Ansaver The amount was not &c.,
100000 of demand notes, but $50 .000,s
900. See Capt. A. H. Nelson's article
in recent issue Of the REPRESENTA-.
TIVE, giving the full history of the
transaction.
7. sit is said we only had S., 900, 900,
of silver up to 1873. But there wasi
about $4,000, 900 in circulation.
What nations silver had we made
legal tender if any besides Spain'S'
and Mexico's and how much had each
here"
Ans,cer. That is another plutocratic
half-truth and whole lie The $4,000.
600 Of silver referred to was the coin.
age Of standard dollars, but there had
been an immense coinage Of halls,
quarters and dimes Besides this the
Spanish and Mexican silver money was
made legal tender.
s. "When did the coinage of our
present silver dimes begin and have
they been coined with the same
regularity as the halves and quarters
have been since?"
Ans,rer We do not know.
AS to the books to buy, it is difficult
to answer your question. See our list
Of Reform Books. Casca st. Johns
"Why are we Poor" ''Brice's Flnan-
cial Catechsm," G. Vincents Hands.
book Of Politics." are all good. And
above all read the REPRESENTATIVE.
1t is equal to library in itself.
I'D.