The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-05-22

Gus congressman in connection with the
Credit Mobiler scandal and land grant
swindles. At a time when statesman
ship was dwarfed in personal selfish
ness; men who knew what the effect of
such change in our financial policy
meant organized successfully the first
trust to be benefited by national legis-
latlon in this country. It was a money
trust. was the characterization of sill
yer. The money of the people was de-
stroyed. Silver at that time was at a
slight premium over gold. BY this act
the minis were closed to the unlimited
coinage OF silver, except the trade dol
lar, which was overvalued by eight
grains, and intended only for export to
China, and it was shut off by the act of
1876, except as the secretary of the
treasury might permit it to be coined.
Silver had then begun to fall, as
measured in gold, and the breach in the
commercial parity of the two metals, as
was natural, gradually widened. With
resumption gold asserted its Importance
and silver correspondingly declined.
Under the Bland-Allison act of 1878.
creditors began to demand gold, to the
exclusion of all other forms of legal ten
der money. Silver has ceased-to be pri-
mary money. 1t has taken a place with
nlckle and copper as token money, all
redeemable directly and indirectly in
gold. 1t was the alternate use of silver
with gold that true bimetallism gave to
our country what was now absent. If
the demand for gold became too great
to supply the normal needs of primary
or redemption money, there was moth
ing to take it's place as such. Creditors
would demand the dearest metal and
the law had given them the right to do
So.
There was but the one metal to
which the minis were open-the com
mercia1 value of the other metal had
been lowered by legal discrimination
against it. Gold was carrying the sill
yer just as it is carrying the paper
money. Silver was not permitted to
take the place of gold. If gold was cor
nered, neither the United States treas
ury nor the debtor could put silver in
competition with it. They must 20 to
the men who have the gold and get it
and submit to their terms. A corner on
beef cannot seriously threaten the
health of the people of this nation so
long as mutton and pork are in compe-
tition with beef. A corner on gold could
not, as 1t does now, seriously threaten
the credit of this nation if silver was in
competition with gold as primary mon
ey. What is the result? Let us have
nothing more to do with the men who
have assisted in tying the hands of this
great nation and delivering it's inan-
cial policy over to the gold gamblers of
the world.
1.-THE bank of Rothschilds in England
is now behind the United States treas
ury. They are our financial agents, our
financial managers. We are paying
them the princely salary of $4,000, 900 for
each six months of their valuable serv-
ices. We are in the hands of the pawn
brokers of Europe How long is our re-
serve stock of gold going To last? How
are we to replenish it? There is only one
way. That is to borrow it from those
who have 1t, and that means England.
And that is what we are doing. That
means more interest, more gold annual
ly to be paid to England. Where will it
end. 1t means the dismal swamp and
'hell's half acre beyond. That is what
having a gold standard means, a money
that is easily cornered. That can be
physically cornered: cornered in This
roon-all of tall there is in the world.
We now have a unit of value so small as
to be impractical for use. That cannot
be coined into money the size of poor
mans transaction.
But how are we to pay these debts to
England? 1t is this way: Restore sill
yer; put it in competition with gold on a
legal ratio of 16 to l. Repeal all laws al
lowing a discrimination between the two
metals; stop gold notes from being
taken. Put silver in competition with
gold as quickly as possible. Where gold
contracts do not exist silver will go at
once into competition with gold and this
will take some of the demand off gold.
To that extent it will lower the value of
gold. The extra demand for silver will
raise it's value. Everything will advance
in value at once. When our silver ad-
vances and the prices of all our prod
ucts advance, and wheat and cotton go
back to their old price we will be more
able to pay our debts The only way to
pay England is to advance prices per-
manently, not spasmodically as is now
being done on few articles. We can
show gold that we do not depend on it
is now our tyrant. It will then come
back and beg us to take it as in 1873
when it-one of these gold dollars-was
worth cents less than a silver dollar.
when great government like the
United States says: Here is an equal
exchange, Is for l, gold for silver
man in France is not going to part with
his silver for gold unless he gets that
much for it; unless he gets as much for
it as the United States will pay for it,
less the cost of exchange. So that when
a government that is big enough to take
all the silver in the world, if it wants to
test it's capacity demand is created by
an influence that is able to sustain that
demand, so that man no where in the
world is going to sell his silver for gold
for any less than he can get for it in
the United States. But we will not have
to give it alone.
1--WE would start with the Western
hemisphere, with China and Japan on
the Eastern hemisphere, and with
France and the United States, two OF
the greatest governments in the world.
THE way to resume is to resume.
The way to remonetizs is to throw our
minis open and we have got it. We
will have higher prices once more Ev-
erybody can make some money. There
is not that paralyzed and deadly feeling
that comes with the destruction of
prices and boarding of money Our
trade with foreign nations is only per
cent of our business and our domestic
business, is SO per cent of all our bust
ness. Which do you want legislated in
the interest of, the 96 per cent or the 4
per cent?
eff an undue and unrighteous influence
by schemerS and tricksters abnormally
enhance the value of gold so as a COM
mercial parity of Is to l cannot be MAIN
tanned, then do as our forefathers did,
change the ratio and make the change
in the weight and size of the gold coins.
Monroe and Jackson did it. They were
not called dishonest for doing so. They
were legislating in the interest of the
people, and not in the interest of the fav-
ored few. We are not compelled to keep
the legal ratio at Is to l, we can change
it to 20 to / if necessary to fix the legal
ratio to correspond with the commercial
ratio, but if the Change is made let us
make it in the rich mans money and not
in the poor mans money. This is ques-
ton of capital on the one side and hui
HE