The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-11-07
A CONSPIRACY!
EUROPE is DRAINING AMERICA
OF HER GOLD.
An Attempt to Cripple Our Coun.
try Financially.
New York HeraId.1

SatiOnal suggestion comes from Eu-
rope. and the sponsor for it is a man
high in foreign financial circles-one
who has had the closest relations with
the greatest banking institution of
Great Britain.
1t is in letter to New York man
of social and business consequence
that this startling theory is brought
forward. The letter is long, and it
goes into details which suggest that
the writer has spent much time and
study on the question from which he
elicits the astonishing notion that the
United States is being secretly warred
upon by the mOnarchS of the old
world. From one of the statements
contained in the letter it is to be in
ferred that before long the writer may
demand, through member of parlia-
ment, answers from his government
as to whether or not there is a sub
stantial basis for his suspicious. Such
an inquiry would be likely to produce
marked sensation.
1t is apropos of the tremendous
shipments Of American gold abroad
that the letter makes most ado. In
these shipments, according to the
writer, is to be found absolute evil
dence of what he boldly characterizes
as "the conspiracy"
Whatever the foundation for such
suggestions may be, there certainly is
abundant interest and uniquenesS in
his theOriZing as to the cause of the
American gold expectation move
ment, which has now extended over
period of three or four years, and that
without any satisfactory explanation,
for through the greater part of that
time-almOst cOntinually-the inter
national balance of trade has been
largely in favor of the United States,
and should have been causing the
flow of gold this way instead of from
here. So much of the letter as bears
on this alleged conspiracy of the for
eign powers against our government
the Herald is permitted to quote.
MOvEMENIsoF THE GOLD.
'IJ is simply impossible" says the
writer, ito PROFOUND or defend any
theory which willfaccount for the ac-
emulation Of American gold in Eu-
rore-or, rather, the taking away of
Americas gold byEurope-if one tries
to harmonize this gold movement
with the naturahand apparent condi-
tiOnS of commerce and trade finance.
The reason must be locked for in a far
different quartereG The gold move
ment to Europe from America is not
natural. 1t is manufactured move
ment. Who are the makers of it and
why should they make it? None of
doctrinaires can tell. Some of them
attempt explanations, but their eff
forts are stupid and inconsequential
"The United States might as we'll
face the facts in the caSe-she is los
ing gold for the reason that Europe is
in a campaign to weaken and dis
credit her.
"Three years ago the United States
had between 5000, 100000 and 800, OOO,-
900 of gold in the government treas
ury. Your publicists and your press
were agitated over the problem Of
what you could ever do to relieve
yourselves of the incubus of the sur
plus Now your treasury gold is below
a quarter of what it was then, and
there seem Astounding indications
that the figures will go to far lower
figures.
1.-The prospect is grave enough, in
deed, to warrant the prediction that
before the summer season is ended
you will be embroiled in active worri-
IuCUU DIS W ways dutt ILCttuS LUZ re-
storing your diminished gold supply.
"Just as your fund has gone down,
the gold holdings Of the repositories
have filled up. Give more than
casual glance at the figures and you
will be astounded at the showing.
When your government had over $780,
100000 on hand. the foreign gold hold
ings were considered ample. SO far as
Europes own estimates and calcula-
tions were to be relied upon. But the
telling fact is that every European
power Of the first consequence has
been assduouSly engaged ever since in
accommodating the yellow metal on an
extensive basis. See the figures:
Bank of Germany, increased in
Bank of England, Increased in
Bank aloe Of France, Increased in ''00''0'0
Bank Of Russia, Increased in 'o0'00y
three years.. Observation-Disclosures. IUV",VoU
Total. s3as ooo, oo5
''And that is just about the amount
in aggregate which the United States
has during the same time lost.
Bearing in mind this fact. that the
shipments from the United States
European country. Shipments have
been made to England for awhile.
Then of a sudden There has been a
change to France. Then. unexpected
ly, Germany-Berlir1 and Vienna-has
been the drawees Between while
Russia has doomed up. All this goes
to show, clearly and convincingly,
that there has been a we'll understood
plan of campaign against the United
States
Until within the last decade there
has been small apprehension upon
this side of the ocean as to the effect
in Europe of the example which the
United States sets in the way Of re-
publicanism. Within that time, how
ever, there have accumulated many
indications that the American form of
government was exercising most effec-
tive influence upon European condi-
tions and the course Of European
events. Were it not for this Ameri-
caniSm with which we have on this
side of the ocean become inoculated,
we should not now be bOthering over
the campaign to be begun to abolish
the British house of lords, nor would
every European government be worry
ing over revolutionary propositions to
give 'the common people a chance.
In view of all this, it is agreed and
recognized that America %ust be con-
quered. In the force of arms this IS
impossible-sO at least, the European
opinion is now. Resort must be had
to other means. When a nation has
plenty OF iron and steel and stout
hearts it is unropnuerable provided