The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-07-31
A STRONG LETTER.
THE MONETARY SITUATIO

THE MONETARY SITUATION.
To the Philadelphia American:
Dear Sir: 1t is manifest that all the
leading daily newspapers of the large
cities in the United States are under the
control of the old-monometallist money
power of the country, who in conjunction
with the money power in England and on
the continent of Europe, are determined
if possible to enslave the people There
is no freedom of the press and the news
BILE, adverse to the views of the money
lenders. A friend calls it "conspira-
cy of silence" The effort is made to in
duce people to believe that the newspa-
pers represent public opinion, which is
not the case, and the sooner the plain
people come to the knowledge that the
newspapers are under the control of the
combined money power Of the world the
better it will be for them.
The issue must come, and when it
comes the people will triumph. An ir-
repressible conflict is pending, and fear
full consequences can only be averted by
plain people taking the matter in hand,
and showing once for all that this is a
government of the people, for the peo-
pie and by the people"
This being used by the money power
for their own selfish ends, must come to
an end. This being controlled by Eng
land and the banking interests at home
and abroad must stop, and the American
people must declare their independence
anew or become slaves.
The combination of money-lenders in
demonetizing silver have turned down
half the money Of the world, about 81
600, 000 900. Of course, the other half,
$4,000, 100000 (gold, has doubled in val
ue, and measured by that standard all
the products of the earth, all products of
manufacture and labor of the people,
have fallen one-half The people must
have a circulating medium Independent
Of the banks, and that medium must be
gold and silver with equal freedom at the
minis for coinage. Open our minis to
coinage Of silver and the difference now
existing between gold and silver will
soon disappear.
The scarecrow of the gold papers is
that if our minis are opened to free COIN
age the silver of the world will be dump
ed" upon us. 1t is all nonsense. There
is no silver abroad to come here 1t is
all the other way. Last year, with the
balance of trade in our favor SIS, 1872, 942,
we shipped abroad $50 1884 ,449 in gold and
$37, 7O7 ,684 in silver, which they got from
us alt half price las they do our cotton,
xryI,o or
1854 in silver for their trade with India
and the East, and we may be sure Eng
land buys nothing she does not need and
want.
Let us look at what the subsidized gold
papers call the 50-cent dollar. How a
50-cent dollar? Only as compared with
gold, which alone has doubled in value
With all other commodities silver is still
at par Let this matter be we'll under
stood. The difference between gold and
silver was brought about by throwing
silver out Of the minis for coinage, MAX
ing 1t an article TN disuse and increasing
the use for gold, the only money of final
payment recogiZed by England The
moment the minis in India and the Unit
ed States were closed to the coinage Of
silver gold advanced i'm value and the So
called silver dollar, measured in gold,
was valued at so cents. But how to over
come this apparent but not real depre-
citation?
AS the closing of the minis created it
In great measure, the opening of the
mints to silver will remove the differ
ence. England needed $S7, 100000 of our
silver last year. Cut off her supply by
sending our silver to the mint for coin
age and she will have no silver to dump"
on us, but will have to bid silver up from
her necessities to our mint price.
Let Americans manage their own
finances in their own way and gold will
soon decline 20 it's proper p.ace-par
with the dollar of our fathers and of
American independence.
A BUSINESS MAN.
Philadelphia, July, 1895.
THE GREATEST SONGsTRESs
LII.