The farmers' union. (Memphis, Mo.) 1891-1895, 1894-09-13
NOTABLE STATEMENT.
INDUSTRIAL DEPRESSION, ITS
CAUSE AND REMEOYS.
President Fish: OF the Pam american l3i-
metallic League Gives the Special Con-
cressiOnai Committee Some Pointers
The silver Dollar.



President 4. C.. Fisk of the Pan
American Bimctallic League, on be-
half of that organization sent IL notable
statement to the special committee OF
the United States Senate inves.igat-
ing the industrial depression and the
remedy. He says:
One or TWO more panlcs Will find
this country in the condition Of other
extinct republics when they went
down. There never was any necessity
for issuing !; Government bond, and
every one issued, whatever the pur-
pose may have been, results in rob
bling the people TO the full extent of
the issue Why should we be taxed
from $50. 900 900 to $50, 900, 900 year
for thirty years Oh bonds in order to
maintain IL banking system which was
conceived in sin, born in iniqnity, nur-
tured in conspiracy and ripened into
treason? Why should We be cOmpell-
ed to us. Il ,lenOnetiZed bank bill and
= demonetized treasury note, when the
Government has the power to issue
full legal tender money? With an
honest issle of money the people could
not be plundered Il billion or more
dollars each year, and there would be
no occasion to pay those who conspired
to have this nation the repository of
their surplus money, four or five mill
ions Il year for taking care OF their
imaginary gold reserve.
The bonning of nations and the issue
of demonetized currency are recent in
ventions, but many nations have of
late years fallen prey to this new de-
vice; they must in consequence repudi-
ate or return to barbarism. The
creditors who are cOntiscating the
property of the nation cry Imitation
when the oppressed debtor asks for
honest money, for the free coinage of
silver and the RECOMMENDATION of tn =
paper issues.
Imitation indeed; with :',-cent wheat,
5-cent cotton, 2cent beef, 80 cents for
days labor. our money will be sta
BILE" when the American farmer, plan
ter and lahorer are reduced to the con-
.litiOn OF the ryOts of India and the
serfs of other countries under the tinan-
cial domination Of old England
1t is sincerely to he hoped that Con-
gress is III earnest in its efforts to as
certain the cause of the resent distur-
bed conditions and is ready and willing
to apply the proper measure for
relief: and that no further attempts
Will be made to deceive the people by
distracting their attention from the
real issues, as has been done by dis.
cussions of the bloody shirt. the seal
question. The force bill. the Chinese
question. the Canadian railroads and
canals. the omnipresent tariff and the
prescription against \. i. 4. move
ment: but that laws will be enacted
which will bring prosperity to all the
people instead of a very few.
1t would seem that Congress had
already leSislated in the interest of the
creditor class far beyond the bounds OF
safety and should take warming lest
the people. who are fast becoming
aroused to tho real cause of the diff
Guilty, may take matters into their own
hands and elect both Il Congress and
u chief executive who will be then
servants not their masters.
With that day will come real pros
perity through the introduction into
our statutes Of justice to all classes
which may he partially and briefly
summarized as follows:
The monctization of silver mt 15l
to |.
All money issued by the Govern.
ment direct.
All demonetized money to he called
in and full legal tender money issued
in lieu thereof.
One currency for the people. bond.
importer anu banker.
IL. s Il
banks.
The adoption of the initiative and
the referendum.
This would prove fatal to that polit
ical evil. the lobby. Bribery would
be an unsafe investment when the peo
pie themselves. instead of corrup,
Legislative body, held the decisive bal.
lot.
The power 70 coin money and re.,.
late the value thereof to be taken from
Congress by constitutional amend
mcnt. History has demons rated that
ii Is unsafe to eutrust Il leSislativ.
body with tue power to pauicrize and
enslavc the people.
In like manner tie power to enact
tariff legislation will be taken from
Congress. Il commissioner appointed
free from all influence to draft rev.
enue laws. which, when finally adopt.
ed, by the voice Of the people, cannot
he modified. changed or repealed by 4
given period Of time. but when only
by a direct vote OF the people. thus al.
lowing the business Interests of the
country 10 adjust themselves to its
provisions. This will prevent syndi
..,t,s frov, ..Oml,ipinu io clact ljr,s;
dents of the United States and Con
gress with the understanding that Ger
tain tariff legislation will be enacted
The last general election is an awfu
warning against this pernicious prac
tice, when one syndicate was PROMISE
the repeal of the purchasing clause o
the Sherman law that it might specu
late. not only with silver bullion but
With every other commodity. An
other syndicate with option on thu