The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-07-03
CLEVELAND The FIRST.
An Absolute Dictator Ruling Over
a Land of Slaves.
SUPPORTED BY THE COURTS
AND THE REGULAR ARMY.
The Republic Has Become a Mon
archy in Fact.
(E. H. Belden in Chicago Sentinel.)

(E H. Be1den in Chicago Sentinel)
During the past 80 years, moneyed
aristocracy has been gradually gain
ing footing III this country until for
some years it has dictated acts Of leg
islation and decisions of courts at
will, and to that extent that over
three-fifths of the nations wealth has
been wrung from the people and
placed in the hands of the few. A
once free Republic has been changed
into monarchy in fact, though not in
name.
II any doubt the power of this mon
eyed combine over our legislation and
the courts let them note few, even,
of the important acts Of legislation
and court decisions for the past 80
years:
First, placing two exceptions on the
greenbacks in 1862 which was the sole
cause of their deprecia tion below par;
the establishment of national banks
in 1864, whereby the government loan
ed money at l per cent, which they
have loaned out at from 7 to 80 per
cent ever since; the contraction act Of
1866 under which over 70 millions of
non-interest bearing greenbacks were
drawn from circulation by issuing in
terest bearing bonds in their stead;
the credit strengthe ming act Of 1896,
| under which the bonds that had been
bought with greenbacks at 40 cents
on the dollar and which were made
payable in lawful money which in
cluded greenbacks, were made payable
in coin. The difference between the
value of this coin and greenbacks at
the time put over 600 million dollars
in the hands of the bondholders; the
refunding act of 1870, which changed
! the whole bond Indebtedness into long
time bonds in order to perpetuate the
| national debt upon future genera
| tions; the act to denonetize silver in
1873 and set up single gold standard
in it's stead has deprecated the value
of silver bullion one-half and all pro-
ducts of labor and all property the
| same, while all debts have been
doubled; after the people in 1878 had
forced Congress to provide for the
coinage of from 2 to million silver
| dollars per month, the Sherman act,
1890, stopped silver coinage and in
stead bought A million ounces OF sill
yer per month and issued silver certi-
ficates against the same; but the mon
ey power soon wanted something bet
ter and forced an extra session OF Con-
gress in 1893 to annul this act, there
by destroying the last vestige Of sill
| 1Or fol ha hn nv,1yn ~
Baltimore and set up a plan to de-
all the paper money themselves. In
obedience to their command, the
president urged the scheme in his
message and but for few Populist
votes it would have become a law;
again, last January, they had the
president issue a special message urg-
ing Congress to issue 500 million dol
lars worth Of bonds to be payable in
gold. This would have become a law,
but for the Populist votes; little
later, they introduced bill to indef-
initely postpone the payment Of the
Union Pacific railroad debt to the
government. This was defeated by
the same votes; they have purposely
robbed the treasury Of its gold and
compelled the president to issue l65
million dollars worth Of interest bear
ing bonds, in time OF peace, to run
the expenses of government.
So much for class legislation to
benefit thafew.
Before the war; the Supreme Court,
in the ''Dred Scott" aecision, said a
negro had no rights a white man was
bound to respect. It took four years
OF war to straightcn out that kink.
Now, in the income tax" decision,
they have repeated that the 'aople
have no rights that Wall street i
bound to respect, except to do I'll the
work and pay all The taxes. Il The
Debs case, the Supreme courts docis-
says in substance that should al the
railroad, Manufacturing and other
combines unite to reduce wages to
ten cents day and any number ol
men should attempt TO prevent such
reduction, any Federal court could IS
sue an injunction TO preyen tnom and
imprison them it they should dlso5ey
This decision clothes monopoly witt
unlimited power to crafty any ex
trenle Of selfshness.
The above briefly outlined acts and
decisions, granted 10 moneycd
aristocracy. are but few Of many
others Of the same nature. Who car
deny that we have gradually become {
monarchy in fact, though not IL
name: Now, when we consider how
tamely the people have submitted tt
all this, would 1t create much Of Z
stir if the money power should fofct
the president, near the close or hi;
term of Office, to declare himself per
mancnt ruler under the title places
at the head Of this article? Ii any op
position was raised, What would il
encounter? The combined power o.
} | the crowned heads Of tAc world-tht
combined supporsaof the money pow
er at home and abroad--tae Tegulaj
armY-eyery newspaper row oWuee
: by the money power--eyery divine
who breaches to congregations whose
mem Ders belong to the money poWe
and every man who has been SO ia