The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1895-03-29
FINANCIAL QUACKERY.

TIRE dLIefltlOn OF the journal mas been
called to book entitled Coins Finan-
cial School," which is being Industrious
~ doomed from Chicago and extensively
circulated in the northern part of this
State. 1t deals, or pretends to DEAL
with the currency question. The book
itself is printed in fiashy style, profuse-
ly illustrated with pictures, many Of
which are vulgar and all of which are
vile, and is appropriately bound in yell
low paper. 1t belongs to the class of
yellow-covered literature of various
kinds which are treated as nuisancess in
all well-regulated newspaper offices and
either deposited in the waste basket or
sent to the paper mill.
The book is a vicious attack on honest
money and direct appeal to the preiu-
dice, the ignorance and the avarice of
superficial readers and disjointed think
ers. One of its pictures, which is evil
IDENTIFY deemed so clever that it appears
in the text and on one of the outside
covers, is Of the average business
man." 1t represents him with wheels
in his head, which are worked by
string from the rear held by a hand
rightly inferred that Coins Financial
School does not appeal to intelligent
business men or even to the average
business man. 1t appeals to those who
regard banks as inventions of the devil,
bankers as public enemies and success
full business men as their willing dupes
and allies who believe in honest money
and a sound currency because the bank
ers tell them to.
The character of the book NAV be
judged from the fact that it opens with
forgery. The first page contains
tawdry picture of columbus discover
ing America with the following state
ment:
of the Roman empire amounted to $780,
tury it had shrunk to s2ooooo,ooo. Or.
Adam Smith informs that in 1855 the
price OF wheat in England was pence per
bushel) Population dwindled. and COM
meree. arts, wealth and freedom all dis
erty and misery to the most degraded con-
ditions of serfdom and slavery. The disin-
tegration of society was almost complete.
History records no such disastrous transit
ton as that from the Roman empire to the
by Columbus restored the volume Of pre-
cious metals, brought with 1t rising prices.
s enabled society to TO- rsunite its shattered
and to relight and uplift the almost ex-
tnguished torch of civiliza tion.-Report
United States Monetary Commission of 1873.
This is a harefaced forgery. The
United States monetary commission
of 1872 undoubtedly refers to the in
ternational monetary conference" which
was held in Paris that year and at
tended by commissioners on the part of
the United States. They were appointed
under an act of Feb %. 1873, and the
conference met in Paris on the 10th of
August Their report to the President
is dated Oct. II. 1878. 1t does not con-
tain a word of the foregoing alleged ex-
tract nor anything at all like it..
Neither is the matter found in any other
report by any other monetary commits
sion or in any official report whatever.
1t is either willful forgery or has been
accepted at second or third hand by
the author of this book as genuine. In
either case it is a fair index of the char
acter of the book, which is conspicuous
throughout for it's brazen assumptions,
glaring misstatements and dishonest
juggling with facts and figures.
There is much to be said in favor of
bimetallism and the free coinage of sill
yer on an International basis, and there
is reason to believe that the problem is
rapidly approaching a solution on that
line, but the interests of silver cannot
be promoted by such wretched traves-
ties on truth and reason as Coins
Financial School,"