The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-07-25
CONCERNING Mr.. SBYD.
THE PURCHASE OF CONGRESS WITH
BRITISH GOLD IN 1873.
Read the banning Record and Pass
. 1t Around.

heNO the tanning Record and Pass
o 1t Around.
The Denver Road says: Much concern
ing the part Ernest Seyd took in the de-
monetization conspiracy has been said of
late in congress. Those who take any
STOCK IN the den1als Of old thief Sherman
as to Seyds connection with his (Sher-
mans infamous scheme, are respectfully
requested to read the famous affidavit made
by Mr.. Luckenbach of Denver Colorado,
an aged gentleman who stands high in
the love and respect of not only Colora-
doans but all who know him in the East
and abroad. Here is the circular:
STATE OF COLORADO
County of Arapahoe.
Frederick A. Luckenbach being first
duly sworn on oath, deposes and says:
am 62 years of age. l was born in Bucks
county, Pennsylvania. / removed to the
and continued to reside there until 1866
when l removed to the city of New York.
In Philadelphia / was in the furniture bust
ness In New York / branched into ma
chinery and inventions, and am the paten-
tee of Luckenbach's pneumatic pulverizer,
which machines are now In use generally
in the Eastern part Of the United States
and Europe. now reside in Denver, hay-
ing removed from New York two years
ago. l am we'll known in New York.
have been member of the produce ex-
change and am we'll acquainted with many
members of that body. 1 am well known
by Mr.. Erastus Wyman.
In the year 1865 I VISITED London, Eng
land, for the purpose of placing there
pennsylvania oil properties, in which / was
interested. l took with me letters of in
PRODUCTION to many gentlemen in London
among them one to Mr.. Ernest Seyd from
Robert M. Foust eX-treasurer of Phila-
delphia. 1 became well acquainted with
Mr.. Seyd, and with his brother Richard
Seyd, who, / understand is still living. I
visited London thereafter every year, and
at each visit renewed my acquaintance With
Mr.. Seyd, and upon each occasion became
his guest one or more times-joining his
family at dinner or other meals.
In February, 1874, while one of these
visits, and while his guest for dinner, l,
among other things alluded to 9TH
er things af1oat, of parliamentary cor
ruption, and expressed establishment
that such corruption should exist. In
reply to this, he told me ne could relate
facts about the corruption of the American
congress that would place it far ahead of
the English parliament in that line. So far
the conversation was at the dinner table
between us. His brother, Richard, and
others were there also, but this was table
Tain uetWeeu ME-. Ernest Soyu ana myself.
After the dinner ended he invited me into
another room, where he resumed the con-
VersatiOn about legislative corruption. He
said: If you will pledge me your honor as
a gentleman not to divulge what I am
about to tell you while l live, l will con-
vince you that what l said about the cor
ruption of the American congress is tru. e.
[ gave him the promise and he then con-
tlnued: Il went to America in the winter
OF 1878, authorized to secure, if l could,
the passage of a bill demonetizing silver.
1t was to the interest of those l repre-
sented-the governors of the Bank of Eng
land-to have it done. I took with me
100000 sterling, with instructions that if
that was not sufficient to accomplish the
object to draw another fl 100000 or as much
more as was necessary" He told me Ger
man bankers We're also interested in hav-
ing it accomplished. He said he was the
financial adviser Of the bank. He said: 81
saw the committees Of the house and SEN
ate and paid the money and stayed in
America until l knew the measure was
safe" l asked if he would give me the
names of the members to whom he paid
the money-but this he declined to do. He
said: Your people will not now compre-
bend the farreaching extent of that meas
ure, but they will in after years. What
ever you may think of corruption in the
English parliament, l assure you, 1 would
not have dared to make such an attempt
here as l did in your country" L expressed
my shame to him, for my countrymen in
our legislative bodies. The conversation
drifted into other subjects and after that
though I met him many times-the matter
was never again referred to.
(SignedD
FREDERICK A. LUCKENBACH
Subscribed and sworn to before me at
Denver, this ninth day of May, A. D. 1892
(Signed) JAMES A. MILLER
lori
Mr. Seyd, in his conversation with Mr.
Luckenbach, uses these prophetic words
You will not now comprehend the far
reaching extent of that measure, but will
in after years.
Truer words wrere never spoken. The
after years have come. Now look
ahead and see the 'far-reaching results"
The unconditional repeal of the silver law
in 1880 was fitting climax to a conspir-
acy which has brought more woe and dea tn
into the world than all the pestilences and
famines in the past. The New York Re
corder seems to have been hunting up
some of Mr.. Seyd's "far-rea ching results"
1t finds:
The income of labor from wages has di-
minished, under the gold contraction de-
creed last November, by at least 81, 600 O0O, 900
a year. Why wonder at bad business?
Railroad stocks that averaged s62 per
only $50. Trust stocks that averaged $79
a share are down to $50.
The payments through the clearing house
for February, 1894 were 1863 per cent less
than in February, 1893
The railroads. averaging them all over
the country, are earning about IA per cent
less now than they were before the gold
standard screws We're given an extra twist
by Wilson's repeal bill.
New Yorks foreign imports show a de-
crease of over one-third compared with the
record Of one year ago, before Wilson'S
gold cure got in its deadly work.
Northern cotton SpinnerS bought less
than one-third as many bales of Southern
cotton last February as they bought in
February in 1893. That obliged the cotton
grower to send the enormous unsold sur
plus to Europe to be sold at England S
gold-standard prices, which means ruin to
the Southern planter.
And it means want, idleness and misery
to the Northern mill hands, too, for the
less cotton bought of the Southerners i'm
plies scors of thousands fewer operative
employed in working it up-and at from 20
to % per cent less wages.
Meantime the railroad values of this
country are being sponged off the slate by
the scores of millions at time. There
are not more than a dozen American rail-
road companies today in the United States
that are unembarrassed. Most of the
trunk lines, which, until the blight and
curse of the gold standard fell upon them
were sound and strong and profitable are
at this moment in liquidation, unable to
meet their obligations.
People. are you fools? Or have you sunk
so low that a crust from a corporate mas
ter is sweeter than a loaf earned by honest