The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1894-08-17
President Fisk Of Bimetallic
League Talks.
Tells the Senate the Cause of
Hard Times.
lie DEMANDS SILVER.
There Was No Necessity for IS
suing Bonds He Says

WASHINGTON Aug. 1.-THE necessity
Of immediate and thorough organiza-
ton to push bimetallisln to the front
was discussed at a special conference
Of the American b.me talic league,
which convened here yesterday
Thirty or forty mem bers Of the ,aEue
from various states were pres mt
General A. J. Warner, president of
the league, acted as chairman, and
among those present were Sen ator
Stewart Of Nevada. Congressman
Pence and Bell Of Colorado. Judge
Shelton Of Connecticut and O. 5.
Thompson of Colorado.
President A. @. Fisk of the Pan
American Bimetallic League, on be-
half Of that org nization, has sent
notable statement to the special COM
mittee Of the United States senate in
vestigating the industrial depression
and the remedy. lie says:
One or two more panics viii find
this country in the con itiOn Of )me
and other extinct republics when they
went down. There was no q ce lty
for issuing a government bond and
every one issueI, whatever the pur-
pose might have been results in the
robbing Of the people to the full ex-
tent Of the issue
The bonding of nations and the
issue of demonetized currency are
recent inventions. but many nations
have of late years fallen prey to this
new device; they must in con iequen ce
repudiate or return to barbar sm-
The creditors who are cOnhscating
the property of the nation cry sin
fiation" when the oppressed de btOr
asks for honest money with free coin
age OF silver and the remonctization
of the paper issue. 1nhation indeed,
with IS cent wheat, cent cotton, ?
cent beef, so nts for days labor,
our money viii be staple when the
American farmer, planter and labOrer
are reduced to the condition of the
serfs of other cOuntr es IN Ter the
financial dominion Of Old England.
It-would seem that congress has al
ready 1egislated in tn inter ssts of
the creditor class far beyond the
bounds Of safety, AMI should take
warning lest the people, who are fast
becoming arou sed as to the reai cause
Of the difficulty, may take matters
into their own hand an elect both a
congress and chief executive who
will he their ssrvants-not their mas
tiers With that day viii come real
prosperity through the introduction
into our statutes Of justice to all
classes which may be partially and
briefly summarized a follows:
The reconciliation Of silver to 151S
to /. All money issues by the govern
meut direct. All demOnetized money
money issued in lieu thereof One
money for the bondholder, creditor.
debtor, Office-hoIder. importer and
banker. Tho establishing of postal
savings banks.
The adoption Of the initiative and
the referendum That would prove
fatal to that political evil-the lobby.
Bribery would be IN unsa fe invest
ment when the people themselves in
stead Of a corrupt legislative body
held the decisive ballot.
The power to coin money and
regulate the value thereof to be taken
from congress by a con stitutiOnal
amendment. History has demon
strated that it j. unsafe to entrust
legislative bDIy with the power to
pauperize and enslave the people.
In like manner the power to
enact tariff legislation viii be
taken from con ress, a com
missioner appointed free from all
Influences to draft internal revenue
laws, which, when finally adopted d.
the voice Of the people) they cannot
be modified. changed or repealed in
given period of time, an then only
by IA direct vote Of the people. thus
allowing the business interests of the
country to adjust themselves to its
provisions. This w III event syndi-
Gates from combining to elect presi-
dents Of the United States and con-
gress with the understanding that
enacted
Continuing. President Fisk saws:
The Nicara yuan canal will be con-
structed and paid for by government
money, not bonds. The ports OF 81
vannah. Charleston PensacO a. New
Orleans and Galveston Will supply
the doorway to the population Of
Asia, the West Indies, Venezuela. the
Colon bian states and Central Amer
lea with the products of our mines,
farms and factories.
Subsidized railroads will be restored
TO the people. The stocking AMI
bonding of railroads and other corpo-
rntions for many timess their valne
and realizing on the watered stock bv
false pretenses-then conhscatiug the
stock by forecl osure; the stocking and
bonding at hctitious prices ad mint
um will be prohibited by state.
commission will be appointed BY
the general government to scale
down the debts to CORES DOnd with
the price of labor and the products of
labor, as was done in Turkey a few
years ago. where conditions similar to
0nrs existed There, under an equita-
bic accounting. the debtors were
mostly freed from debt by an edict Of
The porte. fair accounting in this
country would result similarly. Ex-
ecutive sessions of the In ted States
senate would be abolished "A num-
Der Of other radical measures are sucr-
gested. President Fisk says the
views submitted express the senti-
ment Of 165, 900 members Of the asso-
citation
@. "A. II. Encampn1ent.
HUTCHINSON. Kan. Aug 17-Yes-