The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-04-11
SEVEN FINANCIAL GONSPIRhGIES.
SHERMAN VERSUS EMERY.
Hon. John Davis Replies to Sherman's Letter
on Finance.
on Finance.

over the United States Bank, Benton
said that Jackson had beaten the
bank: yet the bank power was not
conquered, but, like a "royal tiger"
driven to the jungles, he will return
again. He returned in 1863 to prey
upon the PROSTATE form of a bleeding
Republic, when neither President,
Congress nor people had the power to
resist his coming. With 5000 whelps
and an aggregate capital of 500, OOO,-
600, much of it furnished by the gov
eminent, this 'ROYAL TIGER has
been for twenty-five years preyiny
upon the fortunes and liberties of
the people, through this system of
legaliZed robbery.
Seven times the people of the
United States have voted on this ma
tional bank question at Presidential
elections. Five times out of seven
they declared, by their votes, that "a
national bank is unconstitutional
and dangerous to liberty" That
sentiment was a regular plank in
Democratic platforms prior to 1860,
and five times that platform was ap-
proved by the people at the Presiden-
tial elections.
Peter Cooper tells us that, in 1893,
President Washington signed a resol-
utlon OF the American Senate, declar-
ing that a holder of bank stock should
not have a seat in Congress. And
when John Quincy Adams was elect
ed to Congress he refused to qualify
until he had disposed of his bank
stock. And yet Senator Sherman is
in favor of the national banking sys-
tenn, and his party regularly send to
the United States Senate numerous
Dank presidents, just as if this great
country has no other interests worth
attention except stock gambling.
coupon clipping and usuary collect
ing.
And at this moment the President
OF the United States Senate is not
only a banker, but a BRITISH
doing business in London as "MOr-
ton, Rose & Co. And, further, should
President Harrison die, we would
have a LONDON BANKER AS PRES
IDENT OF THE UNITED STATES!
Verify Thomas jefferson was right
when he said: thanking institutions
are more dangerous than standing
armies.'
The exception clause on the green
back Bill and the national banking
law are all the "conspiracies' men,
toned in Mrs. Emery's book that
were enacted during the administra-
tion of President Lincoln. l have
shown that they were perpetrated by
the money power while Mr.. Lincoln
and the country were so terribly
pressed by the %exigencies of the war
That Mr.. Lincoln had no option or
responsibility in the matter. He
submitted to them under coercion:
ne approved them to placate one
enemy while he battled with another:
being unable, as he himself said. on
NO ONO"oSAOd3 w HSuU UWO wars dU
once. He submitted to the newt
able, as Washington, Jefferson,
Adams, Henry and other champions
of liberty, in their day, submitted to
the existence of slavery and the slave
trade-because there was no other
alternative!
1t will be remembered that Secre-
tary Chase favored the legal-tender
law, and that it required several DAYS
of meetings and threats of financial
coercion by the bank delegates"
who "remained in Washington,"
after the exception clause, to induce
Mr.. Chase to recommend the bank
law. Mr.. Chase lived long enough to
bitterly regret the part he took in
the matter, and is reported as ex-
pressing himself as follows:
My agency in procuring the passage
of the National Bank Act was the
greatest financial mistake of my life.
1t has built up a monopoly that af-
fects every interest in the country.
1t should be repealed. But before