Rock Island Argus., 1894-08-17
BIMETALLIC VIEWS
As Put Forth by the Pan.Amer.
ican League.
DECLARATION OF PRESIDENT FISK

Giving the Principles Held by the Orgaui-
xation-A scheme That Takes from Con.
gress the Power to Coin Money or Reg.
uiate Its Value and to Enact Tariff
Laws Debts To De Scaled Down in Inn
itation of Turkey.
WASHINGTON, Aug 17-Presideut A. C.
Fisk, of the Pan-American Bimetallic
League, on behalf of that organization
has sent statement to the special com.
mittee of the United States senate inves.
tlgating the industrial depression and the
remedy. He says: "One or two more
panics will find this country in the cordi
ton of Rome and other extinct republics
when they went down There never was
any necessity for issuing a government
bond and every one issued, whatever the
purpose may have been, resulted in the
robbing of the people to the full extent of
the issue. Why should we be taxed from
$4,000, h0 to $4,000. 900 year for thirty
years Oh bonds in order to maintain a
banking system which was conceived In
sin, born in iniquity, nurtured in con-
spiracy and ripened in treasonf
Repudiate or Return to Barbarism.
Why should we be compelled to use a
demonetiZed bank bill and a demonetized
treasury note when the government has
the power to issue full legal tender money,
With an honest issue of money the people
could not be pluniered a billion or more
dollars each year, and there would be nc
occasion to pay those who conspired to
have this nation n repository OF their sur.
plus money four or five millions a year for
taking care of their imaginary gold reserve.
The bonding of nations and the issue of
demonetz.d currency are recent iuven.
tions, but many nations have of late years
fallen prey to this new device. They must
in consequence repudiate or return to bar.
barism The creditors who are confiscat.
ing the property of the nation cry fnfla-
tlon, when the oppressed debtor asks foy
honest money, for the free coinage OF sill
yer and the remonetization of the pnper
issues.
should Look Out for the People.
Imitation iudeed-with IS cent wheat.
cent cotton, cent beef, so cents for a
days labor. Our money will be stable
when the American farmer, planter and
laborer are reduced to the condition of the
countries under the financial dominion OF
old England" Fisk then classes the tar.
III among n liberal list of current issues
that he calls deception of the people by
distractinS their attention from the real
issue-laws that will bring prosperity to all
the people, and he gives warning that the
people may take matters into their own
hands and elect both a congress and a
chief executive who will be their servants.
not their masters.
Sonre Changes That Are Wanted.
with that day viii come real prosperi-
ty. through the introduction into our
stat utes of Justice to all classes, which
may be partially and briefly summarized
as follows: the monetization of silver at
1913 to !. All money issues by the
government direct. All demonetized
money to be called In, and full legal tender
money issued in leu thereof. One cur.
rency for the people, bondholder, creditor,
debtor, ofice-holder, importer and bank.
er. The establishing Of postal savings
banks. The adoption of the initiative and
the referendum. Bribery would be an un.
safe investment when the people them
selves, instead Of a corrupt Legislative
body, held the decisive ballot;