The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1895-06-22
Devils LAKE. Il. D.. June s, 8!

have peer SO busy Of late that l have not
had time to send You my views on this
question, SIS 1 promised. but l shall un-
dertaks to incorporate them here in as
brief a way as possible.
Owing to tho universal demand for BIZ
metallirm 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 my own
paper here on the subject arsanine, and
they are intended to convey my earnest
and honest convictions on the questiou;
just now far short of this they may fall
must be left to those who read.
If You refer to the Republican National
platforms you will see hat we have there
declared that the party is, "by tradition
and interest, in favor of the use Of both
gold and silver as standard money" This,
1 take it., Is the party principle. 1t is the
one 1 am following. It means bimetal-
ism, and 1 protest against the effort that
is now being made to commit the party
to the gold standard. I maintain that
silver Is not n part Of the standard money
Of this country, or of any country where
gold is the solo measure of value. We
are now upon a gold blsis, the same as
Great Britain and other gold standard
countries "a with Us, and all gold
standard countries silver ia used simply
as a token or credit money.
Had Mr.. Carlisle offered silver to the
gold brokers who ran the reserve down 70
and below the $lOO,OOO,OOO limit in 1898,
they would have desisted. and there would
not nave been a panic. Undor 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, even at the
sacrifice of the gold reserve. If he had
paid silver We would have been IN the pos
ition of France, where gold is paid when
silver is scarce, and silver is paid when
gold is scarce.
1 know something of the opportunities
of these brokers, and have freq uently
witnessed their maneuvrss in their manlp-
ulation Of gold and the issuance of bonds.
The gold newspapers have not told all
they know on this subject, o will they
do 80. The Rothchilds have their agents
in every country in the world, and when
they determine upon a scheme for tho &C.
quirement of more wealth for themselves,
they instruct their agent or agents in a
given country to proceed to cast reflec.
tions upon the financial system Of that
country, and demand an ~issue!of bonds in
order that coincidence may be restored.
The Rothchilds having ia ken the bonds of
that country on a previous occasion, are
in a position 20 dictate. THIS, Rothchilis
and their agents may create what has
been termed a "a lack of confidence" IN
my country under the sun at any moment;
and already having their strong grip up
ON the governmental machinery, they can
force Il new loan and compel the govern
ment to buy more gold. This is precise
ly what they have been dong. It is what
they did with us only recently and. al you
know, their profits in our last bond deal
amounted to about eight millions Of dol
lars.
Now, if you can conceive of any
greater wrong against the honest people
of any country that cares to maintain the
integrity Of it's institutions, I would like
to hear it described. This system of
financiering has been carried on indefn-
lilly. The Rothschild, send word to their
agents in the United States and say that
they nave ''lost confidence in our fnan-
cial system; their agents tell the bankers
in New York that confidence has been
and must be restored; the
bankers send out their literture to the
other banks throughout the country, say
ing thst the purchase of silver, OF the
coinage of silver, as the case may be, has
destroyed confidence" In our financial
system. The great newspapers. in debt
to the bankes, echo the views of their
creditors, aud thus public sentiment is
In behalf of new bond schemes.
Then there goes up q great hue and cry
concerning the 'increassd production Of
bat when you investigate the facts
you find that tho increase in the produc-
ton of silver has only kept pace with the
increase in the world's population and
with the business demands of the world.
Then we are told that there has been
over-production IF wheat in the world
Senator Sherman, in his speech a few days
ago, declared that the low price of silver
and the low price of wheat was the direct
of over-production. The figures show
for themselves, and while there has been
increased production of silver, and 1T
times increased production Of silver, and
at tines increased produetion of silver,
and at times increased production of sill
yer, and at times increased production Of
wheat, yet the the output of these two ar
ticlss has simply kept pace with the
growth of business and the increase in
population,