The Caucasian. (Clinton, N.C.) 188?-1913, 1895-07-25
HERE IS The
SCORCHING TRUTH
How Sand Was Thrown Into the
Peoples Eyes = What the
Schemers Did and What
They Said.


Schemers Did and What
They Said.
EVIDENCES OF VILLAINY.
Caught and Collected Tron me Prooossrs
How TIE Pinehing Process Wa. Organ
ised-A.d How the Panic Wa brought
o.-R..e.lity In Public Management
Chicago Dispatch.
The demonstration Of silver in 1873
was a criminal conspiracy on the part
Of certain members of Congress
acting for the money monopoly of
Europe and America. That was
more than twenty years ago, but the
manipulation of the political cam
paign of 1892 in the interests Of the
gold bugs was, perhaps. a greater
crime.
The July number of the Forum
contains q very interesting article
contributed by William Solomon, "a
member Of one of the leading inter
national banking houses in New
York City, q stanch supporter of Mr..
Cleveland in 1892 and member of
the committee on currency OF the Re-
form club" When read in connection
with the events that transpired soon
after the Inauguration Of Mr.. Cleve-
land as president it shows why the
"gold" men of New York, investors
of English capital in this country,
supported Mr.. Cleveland and how,
and the object for which the financial
panic of 1893 was initiated.
In the course of this article Mr..
Solomon says: 1.-The dangers threat
ening the country from an overthrow
of the existing basis Of values which
it was recognized world result from
the triumph Of any but q sound
money candidate inspired vast num-
bers of men to go into a party or
ganization which was to claim the
field against the so-called Hill-Mur-
phy-Sheehan machine. 1t was we'll
understood that q reform of the
tariff was to be the nominal issue Of
the campaign, and that all the changes
were to be rung upon that theme;
but enthusiasm for a reform of the
tariff would not have produced for
the 'anti-snapper' movement the
sinews of war. What did produce
them was the conviction that the tri-
umph of the Democratic party, with
Mr.. Cleveland at its head, would
mean q repeal of the purchasing
clause of the Sherman act. A large
number of the men who joined
J actively in the work of organization
though also tariff reformers, could
not have afforded to make the numer
Gus self-sacrifices necessary in taking
an active part in the canvass on any
but such q vital issue as that of tn,
maintenance of the integrity of cur
rency. The work Of these men, hap
PLY, was we'll rewarded, first in TIT
national convention in Chicago and
! subsequently in Congress by the re
, peal of the purchase Of the Sherman
} act"
+ Henry G.. Miller, of Chicago
writing on the subject for a contem
, porary, truthfully says: ut thus ap
pears that the real object of thes
supporters of Mr.. Cleveland, who 70
! the most part were Cleveland" Re
e publicans, was to secure q repeal o
the purchasing clause of the Sher
+ man act, and that their first success
}. was by Withdrawing attention fror
( this object by making tariff reforr
I the nominal issue in the platforr
. and placing Cleveland upon it, an
their second and final success wa
the election Of Mr.. Cleveland and tn
I repeal of this clause"
81 Very well. The platform declare
. distinctly in favor OF the use of bot
It gold and silver as standard none
without discriminating against eitht
a metal. This subject was by DO:
D. parties made to sleep during the cal
= vass, and the tariff, the ''nomin'
- issue" of the campaign, was the on
- subject discussed. "The fading Of
n of the silver ISSUE" said the Ne
n York Evening Post on Oct. Is, 1S9
n sis one of the unmistskable signs
er the times. Hardly any one tai
ae about it now except those engage
l in the production of the .aetai."
Il Mr.. Cleveland was elected, and
the members of Congress then elect
there was, as stated in the publ
OF press, an aseertained majority
lis forty-five in favor of the free COMA
if of silver. The very first thing ,
10 tempted by Mr.. Cleveland after l
,n inauguration was the passage Of
- law by Congress when it shou
~ convene-not for the reform of t
on tariff, about which so much had be
10 said during the canvass, but fol
.-- repeal of the purchasing clause
re Sherman act, about which nothi
he had been said. The sentiment Of I
he west and of the south was in IA,
on of free silver. This sentiment MI
i be changed. How was this char
90 to be affected
Mr.. Miller, referring to the matt
further says:
CAT this time there was no sign
no an approaching financial storm. !
eys industries and traffic of the coun
nd were apparently in a sound Z
to healthful state. This is conceded
Nv. President Cleveland in his mess,
,liv to the extra session in the follow
~ August. The method employed
49, the bankers to pinch business Y
'ns to call in loans and refuse discoul
ney Their first assault was upon the \
'rse York Stock exchange. The \
he York Tribune of May 5th, said: 81.
enormous losses of the last week
the utter generalization of buy
power in tho market, and the pra
cal paralysis of trade, promise
oy hquidationthat, unless stayed, VIC
ced have swept them all off their f
In And on May 7th the same pa
lgle said: The effort of the admins
ros- ton to bring the west and the %
ova to . full realization of the newt,
consequences of compulsory
chases of silver bullion has bror
al al A. -