Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1895-06-14
Senator Hansbrough Outlines His
Financial Ideas for the Benefit
of the "Tribune" Readers.
Tells Why He Believes in the Coinage
Of Silver at 1e to 1, and
Argues Therefor.
The Honest and Studied Convictions
OF the Senior Senator Regard
ing the National Policy.
Senator H%ansbrough's Views on the Money!
Question.

Question.
There having been considerable dis
cussion pro and con regarding the views
held by Senator Hansbrough on the
financial question, the editor of the
tribune recently wrote the senator in
relation to the matter. The following
reply will be of interest to the people of
this state. On this question, as on
others, Senator Hansbrough takes a posi-
tive stand, and while his views NAV not
be IN entire accord with those of some
OF his friends all will give the senator
credit for honesty of purpose and con-
%sclentious regard for the welfare of his
constituents. He has given this subject
much thought and investigation:
DEVILS LAKE, N. D., June S, 1895.-Edi-
tor TRIBUNE: | am in receipt of your letter
on the financial question. l have been so
busy of late that I have not had time to
send you my views on this question, as l
promised, but I shall undertake to incor-
porate them here in as brief a wav as nos
sible.
Owing to the universal demand for BIZ
metallism it will be very difficult for YOU
to locate the blame for what you term the
''howl about silver" The discussion of
this question has taken a very wide range.
When the newspaper reporters seek inter
views nowadays, finance seems to be the
principal question they desire to have dis
cuSSed. Most of the articles in nv own
paper here on the subject are mine, and
they are intended to convey my earnest and
honest convictions on the question; Just
how far short of this they may fall must
be left to those who read.
If you will refer to the republican ma
tional platforms you will see that we have
there declared that the party is, "by tradi-
ton and interest, in favor of the use of
both gold and silver as standard money"
This, l take it, is the party principle. 1t is
the one [ am following. 1t means bimetal-
lism, and l protest against the effort that
is now being made to commit the party to
the gold standard. I maintain that silver
is not a part of the standard money of this
country, or of any country where gold is
the sole measure of value. We are now
upon a gold basis, the same as Great Brit
ain and other gold standard countries, as
with us, and in all gold standard countries
silver is used simply as a token or credit
money.
Had Mr.. Carlisle offered silver to the
gold brokers who ran the reserve down 10
and below the 500, 100000 limit in 1898,
they would have desisted. and there would
not have been a panic. Under the law he
was authorized to do this, but Mr.. Cleve-
land, yielding to the gold brokers who had
favored his election, directed Mr.. Carlisle
to pay them in gold. eve at the sacrifice of
the gold reserve. If he had paid silver we
would have been in the position of France,
where gold is paid when silver is scarce,
and silver is paid when gold is scarce.
l know something of the opportunities
of these brokers. and have frequently wit
messed their m%aneuvres in their manipula-
ton of gold and the issuance of bonds.
The gold newspapers have not told all
they know on this subject, nor will they
do so. The Rothschilds have their agents
in every country in the world, and when
they determine upon a scheme for the &C.
quirement of more wealth for themselves,
they instruct their agent or agents in a
given country to proceed to cast reflections
upon the financial system of that country.
and demand an issue of bonds in order
that confidence" may be restored. The
R~othschilds. having taken the bonds of that
country on a previous occasion, are in a
position to dictate. Thus. Ro%thschilds and
their agents may create what has been
termed a "lack OF confidence" in any coun-
try under the sun at any moment; and al
ready having their strong grip upon the
governmental machinery, they can force a
new loan and compel the government to
buy more gold. This is precisely what
they have been doing, and are doing. 1t is
what they did with US only recently and,
as you know. their profits in our last bond
deal amounted to about eight millions Of
dollars.
Now, if you can conceive of n greater
wrong against the honest people of any
country that cares to maintain the integ-
rity of Its institutions, I would like to hear
it described. This system of financiering
has been carried on, and may be carried on
indefinitely. The Rothschilds send word
to their agents in the United States and
say that they have "lost confidence" in u
financial system; their agents tell the
bankers in New York that confidence has
been destroyed" and must be restored; the
bankers send out their literature to the
other banks throughout the country, say
ing that the purchase of silver, or the
coinage of silver, as the case may be, has
"deStrOyed confidence" in our financial
system. The great newspapers, in debt to
the bankers, echo the views of their credit
ors, and thus public sentiment is created
in behalf of new bond schemes. Then
there goes up a great hue and cry concern
ing the Increased production of silver"
but when you investigate the facts you find
that the increase in the production Of silver
has only kept pace with the increase in the
worlds population and with the business
demands of the world.
Then we are told that there has been
ove%r-production of wheat in the world.
Senator Sherman, in his speech a few days
ago, declared hat the low price OF silver
and the low price of wheat was the direct
result of over-production. The figures
show for themselves, and while there has
been increased production of silver, and at
times increased production of wheat, yet
the output of these two articles has simply
kept pace with the growth of business and
the increase in population.
A few days ago, in Minneapolis, | met
Mr.. Charles P%illsbury, than whom perhaps
no other man knows more concerning
wheat, and he told me that the worlds
urplus of wheat was totally exhausted,