The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-09-11
A CONCISE HISTORY.
RELATING TO FINANCE-PRESERV
FOR REFERENCE.


FOR REFERENCE.
Editor Representative.
venture to say that three years ago,
probably in less time, not twenty-five
voters in Minnesota, and relatively not
greater number in any state in the I'm
ion, could have sat down and talked in
diligently upon the science of finance,
or upon the legislative enactments of the
congress operating our monetary inter-
ests, since we gave our flag to the Ma
tions and commenced our march among
the peoples of the earth. Except as to
the bitter fight on the establishing and
the rechartering of the old United States
Bank, organized under Washington's ad-
ministration, the financial question has
not entered very largely into our politi-
cal contests The limit of the capital of
this bank as rechartered about the year
1916 land which expired in 1856 was
$35,000,000; it's attempt to obtain a
longer lease of life was checked by jack
sons veto in 1882, and soon after it went
into liquidation as government bank,
but took a charter from the state of
Pennsylvania, and soon thereafter went
down with a vast number of similar state
neutrality-suspicious. a period of In
tense financial distress. The Demo-
cratic cry that the bank was a monied
monopoly alarmed the country-the
purse and the sword" had been united
and our liberties were in jeopardy.
The people have bravely outlived all
fear from chartered monopolies. They
now hug them to their bosoms and offer
up sweet incense, diluted with their
hearts blood, at the sacred altar of the
Golden Calf The lines of Pope, slightly
varied. represent the situation:
Monopoly's a monster of such frightful
mien,
That to be hated needs but to be seen;
Yet seen too oft, familiar with it's face,
We first endure, then pity, then embrace.
But while a student here and there
consulted abstruse writings on the sci
ence Of money as literary exercise, the
great mass of voters. including govern
men officials, from presidents down TO
the village constables, paid no more at
tention to the subject than they did to
the time of the appearance of the next
comet. The science of finance was not
discussed In any manner
In this matter l judge others by my
self. Having been mixed up in party
politics since 1910, and having trained
alternately with all parties-Whigs, Re-
publicans, Democrats, Reformers, Prohi-
bitionists, Allancers, Laborers, Populists
our judgment is exceptionally good
Our opportunities have been far superior
to those afforded to Donnelly, st. John
Weaver, or any other party apostle (as
am called), now living; and l solemnly
declare that prior to the launching oi
the present heated monetary questions
was as ignorant as a wanfbat waddlinf
in the straw, about them. l justify my
political action because I possess fixe(
political opinions, and stubbornly refuse
to be kicked hither and yon, to suit thu
varying moods of professional party plat
form makers. Look at their varyinf
moods on tariffs, banks, the public do
MAINS mOnOpOlies, improvement of har
bors and waterways, civil service and re
form, protection to labor, foreign immi
grafton, etc, etc. In one particular tn,
old stock parties hit the nail on the head
and that is in calling each other knave
and rascals. If what the one calls tn,
other is true, and l think it is, boil
houses should be burned to the grount
and the occupants shot or hung-that is
the generals in reverSion-nOt metaphor
ically, but literally.
Read their "vote-catchng'' fraudulen
platforms, and let yourself be fooled from
year to year with their phylacterical an
spectacular shows.
ic ont Of 0rJo To hot
old concerns for more than a quarter @
a century, have been charging each othe
with purposesto sell out to England 10
British gold,' To remove all furthe
ground for such charge, they hav
struck hands on the project and joint
passed the treasury over to Englis
Jews. Grover Cleveland, John G. Car
Isle and John Sherman .oonsummate
the bargain for consideration. l pu
Loren Fletcher, a member of congress
from Hennepin county, on the stand a
witness to prove it, as we'll as the Gil
cumstances attending the late bon
sales; the new government per Ger
loan, sold for 104 4S-100, and is no,
quoted in the London market at frol
$1221a to $122A, an average premium {
say $221a on every $500.
Let the young lad, the coming Amer
can statesman, take his slate and penc
and figure out the net profits made i
/ this deal. / give the exact Londo
quotations from the Daily London Tel,
graph of Aug. 26, now in my hands. n
wonder our>nation is made the laughin
stock of the world and that the finger
derision is steadily pointed at us /
Mexico, South America and Egypt. Ar
yet, except for mere party advantag
the great Republican party leaders, ar
their press, sustain John Sherman ar
John G.. Carlisle and Grover Clevelar
in this most infamous transaction;
fact, they point with pride" at it,
evdinece of the excellent credit abroad
the United States.
These bonds mature in thirty yea,
II from Feb. 20, 1895. No man can te
v to what destiny we shall float durir
those years. The actors in this ira
edy will have quit the stage long befo
= the sun shall rise to usher in the 20,
day of February, 1925. They will n
be here td answer to the anathemas al
curses of new generation, should tt
Republic survive so long. 1t may /
too. that the then holders of these bon