St. Paul daily globe., 1894-08-17
Nation Doomed to Disruption
If a Lot of Issues Are
Not Accepted.
BANKING SYSTEM A FRAUD
And Robbery on the Tax
payers--Remedies for a
Nations Ills.


to the special committee of the United
States senate investigating the indus
trial depression and the remedy. lie
says: "One or two centuries will find
this country in the condition Of Rome
and other extinct republics when they
went down. There never was any
necessity for issuing government bond.
and every one issued, whatever the pur-
pose may have been, resulted in the
robbing of the people to the full extent
of the issue. Why should we be taxed
from S5O,0O0.O0O to Sl5O.0O0,OO00 a year
for thirty years on bonds In order to
maintain banking system which
was conceived in sin. born in in
iQuity, nurtured in conspiracy
and ripened into treason? Why should
we be compelled to use demonetized
bank bill and dsmOnetlzed treasury
note when the government has the
power to issue full Illegal tender money?
With an honest issue of money the peO-
pie could not be plundered billion or
more dollars each year. and there would
be no occasion to pay those who con-
spired to have this nation the repository
of their surplus money four or five
millions year for taking care OF their
imaginary gold reserve.
The bonding of nations and the Issue
of demonetized courrency are recent in
ventions, but many nations have of late
years fallen prey to this new device;
they must in consequence repudiate or
return to barbarism. The creditors who
are con6scating the property of the ma
tion
Cry Imitation
when the oppressed debtor asks for
honest money, for the free coinage of
silver, and the RECOMMENDATION of the
paper issues.
Imitation. indeed! With 35-cent wheat,
scent cotton. 2-cent beef, 80 cents
for days labor, our money wlllibe
"stable" when the American farmer,
planter and laborer are reduced to the
condition of the ryots of India and the
serfs Of other countries under the finan
cial dominion Of old England. 1t is
sincerely to be hoped that congress Is
in earnest in its efforts to ascertain the
cause of the present disturbed condi-
tions, and is ready and willing to apply
the proper measures for relief; and that
no further attempts will be made to de-
ceive the people by distracting their at
tention from the real issues, as has been
done by discussions of the bloody shirt,
the seal question, the force bill,
the Chinese question, the Canadian
railroads and canals, the omnipres
ent tariff, and the prescription
against one religious denomination.
known as the A. P. A. movement; but
that laws will be enacted which will
bring prosperity to all the people in
stead of the very few. 1t would seem
that congress has already legislated in
the interests of the creditor classes far
beyond the bonds of safety, and should
take warming lest the people, who are
fast becoming aroused to the real cause
of the difficulty, may take matters into
their own hands and elect both con-
gress and a chief executive who will
be their servants-not their masters.
With that day will come real prosper
ity, through the introduction into our
statutes of justice to all classes, which
may partially and briefly summarlz ed
as follows:
Heme01eS OF All IllSs
The mOnetiZation of silver at 1515 to 1.
All money issues by the government
direct.
All demonetized money to be called
In aud full legal tender money issued
| in lieu thereof.
One currency for the people, bond
| holder, creditor, debtor, officeholder,
importer and banker.
The establishing of postal saving
| banks.
The adoption OF the initiative and
the referendum. This would prove
fatal to that political evil-the lobby.
| Bribery would be an unsafe Investment
| when the people themselves, instead of
a corrupt legislative body. he Id the de-
clslve ballot; the power to coin money
and regulate the value thereof 10 be
taken from congress by constitutional
amendment. History has demonstrated
that it is unsafe to entrust legislative
body with power to pauperiZe and en-
slave the people. In like manner the
power to enact tariff legislation will be
taken from congress. cOmmission ap-
| pointed free from all influences to draft
revenue laws, which, when finally
adopted (by the voice of the people),
they cannot be modified, changed or re-
| pealed for given time, and then only
|
| business interests of the country to ad-
| just themselves to its provisions. This
will prevent syndicates from combining
to elect presidents Of the United States
and congress with the understanding
that certain tariff legislation will be
enacted. The last general election is
an awful warning against this
| Pernicfous Practice,
| Wien one syndicate was promised the
repeal of the purchasing clause of the
Sherman law, that it might speculate.
not only with silver bullion, but with
every other commodity. Another syndi-
cate, with options on the surplus in wool
III some foreign country, wool was togbe
placed on the free list, that a profit of
10 cents pound may be secured to the
syndicate. Another combination se-
cured options on the coal fields of Nova
Scotia and British Columbia, and coal
was to become free. Still another,
with options on the iron mines in Cuba;
this country was to be treated with free
iron. that the syndicate might reap
larger profits from the foreign opera
tions. SO on through the list Of the
wilson bill, including the bounty on
| sugar.
The rights and liberties of the people
are imperiled so long as congress has
| NHS PO"SA ~ NNotAOJ VI
our people to enable gang of plum
derers to become rich in q single day,
even though the slave drivers whip is
cracked over the heads of the law
makers by the chief executive.
Continuing. President Fisk says:
The Nicaragua canal will be con.
structed and paid by government money,
not bonds. The ports of Savannah.
Charleston. Pensacola, Mobile, New
| Orleans and Galveston
| Will BE the DO oorway 9't
to the teeming population of Asia, the
West Indies, Venezuela. the Columbian
states and Central America. with the
products of our mines, farms and fac
tories.
/ Subsidized railroads will be fore