The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1894-03-01
.YAREE OF A KIND.
Better Form of Slavery Than
Ownership of Slaves.
THE FAMOUS HAzZARD CIRCULAR

\, of All Paper 1loney-The Way
j Last Years Panic Was Car
ried Gut by the Bankers
II TO the reader who doubts the theory O
a money conspiracy, we call attention tt
the following circulars. They are old
but they will bear republishing. The
panic Of the past year was caused by this
mandatory sentence in the third circu
lar: "You will at once retire one-thirc
of your circulation and call in one-hali
Of your loans"
| This one was issued by an agent Of
London capitalists to the New York cap
italists IN 1862:
THE HAZARD CIRCULAR.
"Slavery is likely to be abolished by
the war power and chattel slavery de-
stroyed. This, I and my European
friends are in favor of, for slavery is but
the owning Of labor and carries with it
the care Of the laborer, while the Euro
pean plan, led on by England, is for
capital to control labor by controlling
the wages. This can be done by con-
trolling the money. The great debt that
capitalists will see to it is made out of
the war must be used as means to con-
troll the volume Of money, to accomplish
this the bonds must be used as bank
ing basis. We are now. waiting for the
secretary of the treasury to make the
recommendation 10 congress- It will
not do for the greenback, as it is called,
to circulate as money any length of time,
as we cannot control that"
THE BANKS CIRCULAR.
"Dear Sir-It is advisable to do all in
your power to sustain such prominent
daily and weekly newspapers, especially
the agricultural and religious press, as
will oppose the issuing of greenback pa
per money, and that you withhold pat
ronage or fayors from all applicants who
are not willing to oppose the govern
ment issue Of money. Let the govern
ment issue the coin and the banks issue
the paper money OF the country, for then
we can better protect each other. To
repeal the law creating national bank
notes, or to restore to circulation the
government issue of money will be to
provide the people with money. and will
therefore seriously affect your 1ndivid-
ual profit as bankers and lenders. See
your congressman at once. and engage
him to support our interests that we
may control legislation"
This one was issued March 12, 1898,
by the Bankers Association, to all ma
tional banks:
THE PANIC BULLETIN.
"Dear Sir-The interests of national
bankers require immediate financial leg
lslation by congress. Silver, silver certi-
ticates and treasury notes must be re-
tired and national bank notes. upon
gold basis, made the only money. This
will require the authorization of from
to s1,ooo.O0o,o0o Of new
bonds as a basis of circulation. You will
at once retire one-third of your circula-
tion and call in one-half Of your loans.
Be careful to make money stringency
[elt among your patrons, especially
among influential business men. Adyo-
cate an extra session of congress for the
repeal OF the purchase clause of the
Sherman law, and act with tho other
banks in your city in securing petition
tor its unconditional repeal, per accom-
panylng form. Use personal influence
with your congressman, and particularly
lot your wishes be known to your sena.
'ors. The future life of national banks
as fixed and safe Investment depends
Upon immediate action, as there is an in
'reasing sentiment in favor Of govern
nent legal tender notes and silver coin
age."