The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-03-13
The Most Impudent Robber Plan
Ever Suggested In the Worlds
History Now Pending.
THE PRESIDENT OF THE UNITED
STATES AT THE HEAD OF 1T.
The United States Are to Borrow
$5OO,O0O, From the Bankers
at Three Per Cent, and Loan
1t Right Back to Them at
One Per Cent.
The CraZiest and Most Dishonest
Financial Plan of Issuing Paper
Money Ever Devised.

| National Advance Milwaukee.
The tiger is loosed! He is in the
| halls of Congress at Washington and
his keeper, Grover Cleveland, proposes
to have him devour the people.
Let the date of his message in
which he looses the tiger 60 down to
our children and children's children
as the darkest in American history.
1t is perfectly plain now to all close
observers what the conspiracy of the
bankers means. They propose to
make this nation of bonded slaves,
with the banks as absolute masters of
the situation.
On Monday, January %, 1895. Grover
Cleveland-who represents only the
Wall street thugs, the scoundrels who
for gain and pelf brought the panic
with all it's attendant ruin, bank
ruptcy, misery and DISSOLUTION upon
our country, with the aid of their
| puppet in the White hOuse-Sent a
message to Congress in which he urges
and insists that $500, 100000 in bonds
| be issued to run fifty years at three
per cent interest. He claimed that a
Threatened emergency" made this
course necessary. He says:
"Among other disadvantages bonds
are made payable in coin instead Of
specifically in gold, which in existing
conditions detracts largely and in an
increasing ratio from their desira-
bllity as Investments.
| Now compare that to what he says
| further On in the same infamous dOcu-
ment:
''Since the 18th day of January, 1894,
our bonded interest-bearing debt has
been increased $100, 600 for the pur-
pose of obtaining gold to replenish
our coin reserve. Two issues were
made, amounting to $50,00O,O 600 each
one in January and the other in
November. AS result of the first is
than $58, 000, 900 in gold. Between that
issue and the succeeding one in No
vember, comprising period Of about
ten months, nearly $l03, 100000 in gold
was drawn from the treasury. This
made the second issue necessary and
upon that more than $50,000,000 in
gold was again realized"
First he says the nations bonds are
not a ''desirable Investment" and
then admits that we sold 100000 900
worth of them for $1l6, 1000 in gold,
showing that
THE NATIONS CREDIT IS 16 PER CENT
ABOVE PAR.
Hear Cleveland again:
"Besides the treasury notes, which
certainly should be paid in gold,
amounting to nearly $500, ,OOO, 900, there
will fall due in 1904 $lOO, 600 of
bonds issued during the last year for
which we have received gold, and in
1907 nearly 5000, 100000 of 4 per cent
bonds issued in 1877. Shall the pay
ment Of these obligations in gold be
repudiated?"
When Cleveland talks about "gold
obligations as he has done repeated
ly, he lies deliberately and wilfully.
There is no law on the statute books
that requires the government to pay
any Of it's obligations in gold,
The treasury notes issued under the
infamous Sherman law, and which
everybody handles every day, bear on
their face these words:
'"The United States will pay bearer
- dollars in coin.'
That is the law and every treasury
note bears it on it's face. Silver under
the law is coin and all silver dollars
are legal tender for all purposes.
People who deposit silver in the treas
ury receive these treasury notes in re-
turn. and under Cleveland's Infamous
rulings they need not take the notes
from the counter but simply push
them back and the treasury will re.
deem them in gold.
Is it any wonder that the treasury
is depleted of gold under these cir
cumstanceS? Ii the men who are do
ing the dirty work for the Wall street
thugs in Washington would obey the
law and pay bonds an6 treasury notes
in either gold or silver coin, the USE
less silver would remain in the treas
ury, the gold would not be drawn out,
and the whole trouble would end.
But carrying out the plain provis-
ions Of the law does not suit the mil
lionaires and anarchists. 1t would not
give them the fraudulent pretense
they need to bond the country and
rob the people of billions of dollars.
An issue of $500 100000 of bonds for
fifty years means payment of prin-
cipal and interest Of 81, 200, 900. 900 if
interest is compounded and that is
the only way to figure it.
The crowning infamy however is
the proof that there is conspiracy
between the president, the bankers
and their tools in Congress which is
furnished by the introduction of a
bill by Springer Of Illinois embodying
Cleveland's recommendations. This
bill not only provides for the issue OF
$500, 600, coo in bonds but also contains
this provision:
"Sec. 3. That hereafter national
banking associations may take. our
circulating notes in the manner now
provided by law, to an amount equal
to the par value of the bonds deposit
ed to secure the Same'
Under this damnable provision the
bank will be able to work it like this: