Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1894-06-13

South Dakota, delivered in the United
States senate Oct. 2, 1898:
Here is sample of the average
New York bankers circular, with
which the mail has been burdened
the past three months. Our duties
are clearly stated. This is the circu-
| lar:
DEAR SIR: The present financial
situation requires the following action
by congress, which should be favored
by all interested, to-wit:
Pass resolution repeating purchase
clause (of silver of Sherman bill.
Pass bill authorizing the issue of
$500, 900, 00G of United States ger
cent bonds payable in gold, directing
the United States treasurer to sell
500, 900, 900 Immediately in Europe,
with stipulation that none of them
hould be resold within the United
| States; the treasurer to take this $780,
! 900, 900 of gold and issue 500, coo, 600 of
gold certificates against it, and deposit
them in the different national lanks
of the United States, pro rata to their
capital and circulation. 1t should also
direct the treasurer to sell 500, 900, 600
more of such bonds Immediately in
Europe under such conditions, the
money to be placed in the United
States treasury, orleft on deposit in
London, Paris and Berlin.
The remaining 500, 600, OGO should be
held subject to sale whenever the
necessities of the government or the
financial interest of the country de-
mand it.
Pass resolution to appoint com
miJtee TO consist of five New York
bankers and one each from Boston,
Philadelphia, Chicago, st. Louis, Gin
cinnati, Atlanta, Savannah, New Or
leans, Galveston, San Francisco, Den
yer, st. Paul, Detroit, Buffalo and
Pittsburg. This committee to inn
mediately meet, consider and report
to an adjourned session of congress
a bill Incorporating a United States
bank, founded on the same lines as
the (Rothschilds) Bank of England
and the Bank of France. And it being
expressly st pulated that one-half of
the committee shall be selected from
| repu blican bankers and one-half from
| democratic bankers. No Populist
banker needed. Ed. 1t is certainly
preferable to have great national
bank, founded on almost exactly the
lines of the Bank of England, thus
taking financial questions and man
agement entirely out of the influence
of politics. Yours truly.
WIN. X. CONWAY"
lUnimportant paragraphs have been
left out of this bankers circular to
save space. For full text see Con-
gressional Record, extra session, page
| Pail.
Senator Kyle, when he had con-
cluded reading this circular, copies of
which had been sent to every national
banker in the United States request
ing them to bring immediate in fiuence
upon their member of congress, said:
I'VE are expected, Mr.. President, to
follow out seriatim the program they
have laid down. First, repeal the
purchase clause of the Sherman law
Second, grant the banks power to
issue circulation to the par value of
the bonds deposited at the treasury.
Third, issue new series of bonds
amounting to $500, 600, 900. Fourth,
lay plans to establis a permanent
banking system.
do not hesitate to say that such
dictation is un-American, unpatriotic,
selfish and tyrannical. 1t should
sound a note of alarm in the ears of
every member of this body and cause
the country to rise to the emergency"
Men of America, do you intend to
relegate the blood bought rights that
your fathers bequeathed you, the
sacred constitution that declares your
own congress shall create your
money, into the hands of the money
sharks of London and New York, that
they may create your circulating
medium and force you to pay usu-v
for its use?NThat is exactly what has
been done; will you rise in your might
and demand back your blrthright?
|