The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-07-18

Inc time Will come when there will be
thousands upon thousands of people who
will have no place to CO. nothing to eat
nothing TO wear. and nothing to do. Every
civilized country will see this same condi-
ton, for the land and all it contains can
be bought and sold-it will become the
property of few men. A piece of parch-
ment gives them the right to drive all
other human beings from it, These beings
having nothing but the labor of their hands
to offer in exchange for their needs, will
compete with each other until they will
work for almost nothing. The time will
come when no one will need or demand
labor of more than small number of them.
They will possess no raw materials; they
Will not be allow ed to make their own
medium Of exchange so they cannot work
for one another. What will be left for
them? The sea? The air? VIII death
quickly and pitifuly remove them? Or will
they cling to existence, painfully, slowly
sinking and dying, their misery prolonged
by sufferdnce of aims or the risks and
degradations of crime: The ruin and de-
structon of civilization will come unless
the course of civilization shall change
SAID ABRAHAM LINCOLN THIRTY
YEARS AGO.
Il see in the near future a crisis ap-
preaching that unnerves me and causes me
to trembe for the safety of my country
AS a result of war, corporations have been
enthroned, and an era of corruption in
high places will follow and the money pow
er of the country will endeavor to prolong
us reign by working upon the prejudices of
the people until all wealth is aggregated
IN few hands and the republic is de-
stroyed. l feel at this moment more anxi-
ETY. for the safety of the country than
ever before, even in the midst of war"
And again Monarchy is sometimes
hih'eo at as possible refuge from the
powers OF the people. I would be scarcely
justified were 1 to omit exercising a warn
ing voice against returning to despotism.
IT is the effort to place capital above labor
IN the structure of the government 1 bid
the laborine people beware of surrenderng
power which they now possess, and when
surrendered, their liberty will be lost"
WHAT PATRIOTIC STATESMEN HAVE
SAID.
Senator @. F. Morton, of Indiana Repub-
mean, sdld: There is gathered around
the capital of this nation a gang of pirates
who Numbered successfully at the doors
until they have driven this government into
the most preposterous acts of bad faith
and legalized robbery that ever oppressed
free nation since the dawn of history"
Thomas jefferson, Democrat: Il sincere
wit
dangerous than standing armies. Put down
the banks and if this country cannot be
carried through the longest war against her
most powerful enemy without loading us
with perpetual debt, l know nothing of nv
countrymen.'
Ex-Secretary Salmon p Chase: "My
agency in procuring the passage of the Ma
tional Banking Act was the greatest mis-
take OF my life. 1t has built up a monopoly
that effects every interest in the country
1t should be repealed. But before this can
be accomplished the people will be arrayed
on one side and the banks on the other in
contest such as we have never seen in
this country"
Senator Stanford. Republican: Money is
a force. 1t is the force that underlies our
civilization and pushes it to the greatest
possible activity. When it shall be under
stood, that money is to be issued by the
government for the great class of producers
that it is not created for the benefit of the
usurers to sweat 1t, and of gamblers to risk
It, and of misers to hoard it, of millionaires
to accumulate, and of spendthrifts to dis
turb 1T i'll the qualification of their luxu-
rtous taste, then some of the errors which
have been dissipated, and the use of money
Will be much better understood.
WHAT BANKERS SAY AND DO-THE
BUELL. BANK CIRCULAR
Dear Sir: 1t is advisable to do all in your
power to sustain such daily and prominent
weekly newspapers, especially the agricul-
tural and religious press, as will oppose the
Issuing of greenback paper money, and that
Hou-a banker-also withhold patronage or
tavors from all applicants who are not
willing to oppose the government issue of
paper money.
Let the government issue the metal
money and the banks issue the paper money
ef the country, for then we can better pro-
tect each other.
To repeal the law creating national bank
notes. or to restore to circulation the gov
eminent issue of paper money will be to
provide the people with plenty of money
and that will, therefore, seriously affect
your individual profits bankers and
lenders.
See your member of congress at once and
engage him to support our interest that we
may control legislation.
THE PANIC BULLETIN THE SOLE
CAUSE OF THE FINANCIAL PANIC
OF 1898
Dear Sir: The interests of national bank
ers require immediate financial legislation
by congress. Silver, silver certificates and
treasury notes must be retired and the ma
tional bank notes upon a gold basis made
the only money. This will require the au-
thorization of from $500 900, 900 to 81 ,OOO OoN-
900 of new bonds a basis Of circulation
You will at once retire one-third of your
circulation and call in one-half of your
loans. Be careful to make money strin-
gency felt among your patrons, especially
among influential business men. Advocate
extra session of congress for the repeal
of the purchase clause of the Sherman law
and act with the other banks of your city
In securing a large petition to congress for
Its unconditional repeal, per accompanying
form. Sc personal influence with congress-
men and particularly let your wishes be
known to your senator's. The future life of
national banks fixed and safe invest
ments depends upon immediate action, as
there is an increasing sentiment in favor
of government legal tender notes and silver
coinage.
CONTRACTION.
Despite the terrible effects resulting from
the contra action of the currency some Of the
subsidized organs of public opinion have in
sisted that there was contraction worth
naming.
In speech in congress, in 1874. recorded
on page 1879 of the Congressional Record,
General Logan, senator from Illinois, said:
''The circulating medium has been con-
tracted n,01S. 167, $780,.
PER CAPITA CIRCULATION OF MONEY
In 1866 we had s52.o1 per capita; aver