The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1895-02-18
A NEW ENGLAND BANKER


der.
A NEW ENGLAND BANKER
Who Does Not Hesitate to Speak Hon
estIy ON the Financial Question.
In the last number of The Manufacturers
Record there appears striking letter from
the pen OF MIR George T.. Royce, of Rut-
land, VT. a well known New England man
ufacturer and banker. He begins by de-
claring himself unqualihedly a bimetallist
and declares that I'm 1913 the greatest crime
of the ase was committed by John Sher-
man and Samuel Hooper, insugated by the
Rothschilds and their associates, and Thin
ble-rigged through congress unbeknown by
either tho senate or house. or even by their
fellow members OF their respective finance
committees or the president. or, in fact, by
anybody but the plotters of the scheme"
H. declares that the results of the demon
etization OF silver have been just as he
predicted in a public interview at that
time. While the outlook, he admits, is not
encouraging. he believes the English plan
of gold monometaliism for the world is
bound 10 fail sooner or later, being, to quote
his words. too damned wicked TO ever
succeed"
Then Mr.. Royce goes on TO say:
Il have never yet believed mat gold
recommendation would prevail in the end.
as l think il is the wickedest scheme OF
monopoly ever conceived of by the mind of
man, and no Anglo-SaXon white man was
ever capable of it, but it must have been
originated by the RoIhschilds and their
associates, who are the real bottom owners
OF the gold OF the world. and who are
scheming for this the most arbitrary and
autocratic control Of mankind. IL IS claim
cd that this country owed debts abroad
in 1875 Of about 81. 000.000G10, all created
and payable al our option in either gold
or silver on the basis Of l TO Is, and, by
John Shermans act demonetizing silver,
it took away our option and made them
al payable in gold, thus cutting our right
arm OF at the shoulder, and practically
doubling or debts abroad; also practically
doubling home debts. Was this fnanciering
in the interest of this country, or in the
interest OF the creditor country, England?
"Our financial policy for thirty years
has orisinatcd in and been controlled from
London. ana they have been simply wipins
the floor with us We have the best coun-
try on earth. and, il we had had good,
honest. able nnanciering for the last thirty
years, New York would today be the center
Of the financial world instead Of London.
II we rad retained free coinage ot silver
or restored il within "A reasonable time, we
would have maintained the supremacy but
gold monomet1llism viii keep Us IN serVI-
tuIe Gold and silver have been
hand ia hand, the money of the world
always. and to cut out either which means
reducing the worlds money one-nalf, would
cause universal bankruptcy and forced re-
YUd-a+ian and would cause results that
would reduce population enormously. L
have said ever since the separation IN
parity OF gold and silver thGt the true index
10 The situation every day in the year IS
the price Of silver per ounce, and IL mas
proven SO and viii Dc so certain, and you
can reckon and calculate upon IT. have
said foc four years that before silver
reached - cents per ounce that rotlngs
would prevail. ami when II reached 81
cents per ounce that many countries would
b. in revolution. For foCr years have
aid that wheat would be 80 cents per
bushel and cotton 8 cents per pound before
SILVER reached - cents per ounce. Win al
G.t.unal countries demOnetiZinS silver, there
IS 10 good reason why IL should not 30 TO
- cents per ounce or less, ana wheat -
cents per bushel. and cotton 20 cents per
pound. The gold.tcs, with the leadership
Of the grand Oh humbug, Gladstone. have
been keeping The Pc pie Of England busy
GA the humbug question of home rule,
ana tn. same influence has been Tor years
keeping the people OF this country pussy
ca The humbGs question OF tafitI, anu our
subsidized or ignorant press has been
ulled with il ami have purposely Kept the
people mlsled ou the only question ot any
yreat Importance, the monetary question.
oU~ paDers howl tariff and honest money,
the thief cryiH.. stop thief and at the
Same time IL is impossible TO have any
money more dishonest than gold alone as
money Tie papers give no showing OF
tho monetary question on its merits, and
,.,-eI.de even all the important speeches.
Ia ccu.ress except on one side, ana the
only reasonable conclusion Is that they
bav,. beeu subsidized OF controlled by banks
and bankers. / am Interested quite a con-
Siderable in two national banks, but all
tb. same l think the national bank sys-
t.r. should lie wiped out, as they nave
,..r on ron OF the government. / believe
4aat she Government should DE on top al
v-sxs ana rot put itself in bondaSe 70
any of nrr created institutions. believe
tine Government should issue All money
and he paper based upon ana redeenaDle
In coin The banks should not issue any
,arer money whatever, but do their bust
ness upon the merits u the banking pusl-
ness pure and simple, the same as mer-
chants manufacturers, miners or others
%. We SHOULD not grant special privileges
T. banks or other institutions. The bank
ia. system is throttlins our government
a.d has become dangerous, and IS pulling
tne string on this sold monometallism ana
controlling the press. and has become
oiu.erous institution. President Cleve-
Itnits pro-ramIne, backed by the banks,
- carried cat, would put this country in
,..r..atual bondage TO England. There is
,,thi.s- in s,ght IN this country for any
,,,,tar.al Improvement for the next two
yaars OF Cleveland, but chahSe OF adililA-
i-tration in England may occur, ana that
,,,,,- lei US out OF the woods"
A BRAVE SENATOR