The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-10-10

UHc CIiSiS HOW,-ouI ldnu ugnUeO Dy
conflagrations and 1evefberating with
the rattle of guns and cannon. Let
! England withdraw her investments.
If we have not gold enough to pay her
let her take silver, at hundred cents
on the dollar; or wheat or corn: and il
nothing else will conteft her we will
even pay herin lead; and. if necessary,
blow her off the facesof the planet. If
it becomes a question whether the
world is to perish or England, we
know what the answer of the world
will be.
| We don't want to be understood as
rejecting on the great mass of Eng
fish people: they are noble race, but
we refer to the moneyed Olgarchy
which rules England, and has made
her land of milliOnaires and paupers.
What does the governors policy
mean? That the present awful condi-
tions must continue. There shall be
no more mining or minting of silver;
no more increase Of the currency; con-
traction shall become greater with
every increase of population; there
shall be nothing but debt, debt; mort
cages, mortgages; interest, interest;
foreclosures, enclosures; low prices for
mans labnr and for all the products
of his labor; 45 cent wheat and As per
cent usury; that is the banquet to
which the republican party and its
candidate for governor invite the
wretched people of this state; ban
Quet that would turn the stomachs Of
crows and buzzards.
| We are today debtor nation; an in
terest-paying nation; an enslaved ma
tion; and the Republican party is
down on its knees, like the poor black
wretches of Egypt, begging England
to lend US little more money-only
little more and we will pay them
back in gold-in diamonds-in our
sweat and, our blood,-yea in our
front teeth, if she can use tn EN-.
And in the meantime the ,chole po,cers
Of our oacn government are used to prerent
industry from creating aceauh. Give this
great nation-this mighty seventy
millions of people, fair show and we
will create more wealth, by human in
| dus try. (the only source Of all wealthy,
in tw enty years than England has
| stolen from mankind in three hundred
years. ,G
| We need a revolution;-a wOrld-em-
bracing revolution;-a fundamental
Misunderstanding down to the
abysmal depths, and not with the
breath of the ,ntral fires. And it is
coming. The ,ravan is, sore; but the
child will Re born;randn out of blood
and smoke and uproar it will rise,
smiling and bright and, beautiful as
an angel, the redeeming genius of hui
manity;-and it's maine shall be Gus
shall be insert bedc with the word,
| 'Peace;" and in itSIhand shall be the
| overlooking horn of Plenty; and it
shall stand on the highest peak of hui
| man civilization, the visible represen-
tatives of God and his goodness.
. - l. ID.
1NcoNvERTIDLE PAPER MONEY.
England, France ami America Have
Each Proved 1t Superior to Coined
| other for which financial reformers in the
| Peoples Party are sneered at and misrep-
| resented. it is for their advocacy of a nom
| redeemable legal tender money that is
| money on its face, receivable for all debts.
| The daily press Of the country has nothing
| but SCOTS and jeers for the idea the object
| being to deceive the people and do the bid
| ding of gold-bugdom. But in the great
ocean of journalistic deceit and claptrap
| there may sometimes be found drifting a
| bit of truth confirming the wisdom of the
so-cailed cranks and financial Missionaries.
| Here is something of the kind that a few
| days ago got into the Pittsburg Dispatch
| in answer to correspondents:
| 1T has been said that the French paid
| the penalty imposed upon them by the
| Franco-German war out of their peasants
| stockings. 1t is a matter of record that
| when the legal tender act (Cours-Forcel
| was forced through the French parliament
| and a law was made permitting the Bank
| OF France to issue bank notes to the
| amount of $3.50 100000, the people invested
| IN the loan at a rate that surprised the en-
tire world. The metallic reserve in the
| Bank of France was 1929, 100000 the bank
| note circulation 251.00OOO0 in July 1870
| This did not include the banks deposits
| The circulation was increased the 10th
| or August 1870, to $500, 000, 000 and the spe-
| Gle reserve fell to $780, 600, 900. At the end of
| October, 1873 the circulation increased to
| S6l4O0O,OD. When it was proposed, in 1871
| to make the paper money, money on it's
| Northumberland le-the most acrimoni-
| Gus debate ever waged over financial meas
| ures emOroiled the entire French parlia-
| ment. All sorts of trouble was predicted
| Nobody could see how the issue of $780, OOO,-
| GOO additional notes a metallic reserve
| of S12o, 100000 this being the proportion of
| reserve the new notes were based on) could
| il any way assist France in paving one
| thousand millions of gold to Germany But
| there were men in power who resolved to
! pursue what they confessed were heroic
| measures-they had to raise the money
| and a measure that the ablest financiers in
| the world predicted would paralyze France
| was pushed through, and then the notes of
| the Bank of France, instead of depreciat-
| ing, appreciated. Gold was at premium of
| 21s per cent. The value of the bank notes
| increased until the premium practically dis
| appeared. This page of financial history
! has puzzled finGnciers from that day to
| this If the fat people were familiar with
! the various phases of this transaction
| doubtless they not only would extract much
| comfort from it, but in, all proba bility they
would employ it as Club TO convert con-
| servatives to their peculiar views"
The fiat people have been familiar with
| the facts here set forth, -and4n it's main out
| line the foregoing is produced in speeches
| by Congressman John, Davis and others,
| and also appears in the literature of the
| reform party. The. French pushed
through measure that the liable finan-
| ciers' considered suicidal and paid thou
sand millions to Germany, while the height
| of American statesmapships is reached by
| Issuing fifty millions in bonds for the same
.'abie financiers' to draw interest on. Amt
| I'VE smart ?-Coming Nation
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