The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-06-19
IN All Respects the Convention Has
Been a Most Successful
: One.
There Has Been an Entire Absence OF
Any Sort Of Disagree
ment.
Committee Appointed to Call a Ma
tionaI Convention at Its
Discretion.

Memphis, June 13-With a session to-
night the Southern and Western states
silver convention will come to an end
From the bimetallist standpoint it has
been most successful demonstration
OF the resources of silver in the territory
represented. There has been encour-
agement enough for two conventions
and an entire absence Of any sort of dis
cord has prevailed. The convention has
been remarkable SO far for it's longevity.
When Senator Turpie tonight declares
the deliberations of the delegations at a
Termination five sessions will have been
held and nearly a dozen speakers heard.
The delegation from Florida arrived this
morning as did the committee from the
Utah convention representing the far
Western states. At the opening of this
mornings session, Senator Stewart, Of
troduced amid storms of cheers. He
spoke as follows:
SENATOR STEWARDS SPEECH.
The object lessons of the last three
years show that the American people are
face to face with concentrated capital,
the enemy which destroyed all previous
civilizations. A shrinking volume of
money as compared with population and
business produces falling prices, paral-
Yves industry and compels the producers
of wealth to pawn their property to con-
tinue the struggle against impending
fate.
The modern colossus the Rothschilds
combination is the greatest brokerage es-
"a G 10 hos
deals with corporations and nations
which force from the people their earn
tngS either by monOpOliZing the neces-
saries of life or through the sovereign
power Of taxation. 1t furnishes money
for it's customers by selling their bonds
to the public for vastly more than the
cost to the combination. The vast bond
ed debts of the United States and Europe
have passed through their hands for
nearly century, and the increment re-
tanned by the Rothschilds alone, indie
pendent of their numerous associates,
Is estimated at two thousand millions.
This combination robbed the United
States Of gold to convert the silver debt
OF Austria into gold obligations and made
four hundred millions in the transaction.
In 1893 the vaults of the United States
treasury were opened and more than one
hundred millions of gold was shipped to
Austria with the aid of the administra-
ton, which refused to exercise the option
provided by congress to pay either in
gold or silver. By this means the great
combination wrecked the finances of this
country and created the panic of 1898.
Gladstone and Cleveland were the will
ing agents of the gold trust. They sus-
pended coinage in India, and repealed the
purchasing clause of the Sherman act
to make it easier for the combination to
control the standard money of the West
ern world. France and Germany made
nh1onfi0r RI ho VryioI xad -.
syndicate while it's raid was sweeping
away the fortunes Of the American peo-
pie, but they protected themselves by re-
fusing to furnish gold for the Austrian
speculation and when gold was demand
ed for export they paid their obligations
in silver, as the congress Of the United
States had authorized the secretary of
the treasury to do. The success of the
gold combination in repeating the pur-
chasing clause of the Sherman act and
thereby ratifying and confirming the in
famous act of 1873. demonetizine silver.
the mercy of the gold kings. The tenn
porary lull in the financial storm which
the country now enjoys was bought.
President Cleveland contracted with the
Rothschilds combination to cease their
raids on the United States for eight
months. The price he paid for peace and
protection shows the PROSTATE condition
OF the people Of this country before the
power Of gold monopoly. He gave them
twelve millions in the difference between
the market price and what he received
for sixty-two millions of United States
bonds. ana further agreed in considera-
ton Of such protection to allow the COM
bination to purchase whatever bonds
might be issued before the meeting of an
other congress.
what further proof is required than
this contract to demonstrate that the
Of ha world G
ing corporation contracts to change the
current of international commerce and
agrees that no gold shall be shipped
from the United States for the period of
eight months. How could the Roths-
chlids combination perform such q con-
tract and stop the shipment of gold from
America to Europe unless they had con-
troll Of the gold? The goldites proclaim
that the people of this country are en-
titled to the best money with the greatest
purchasing power of any money in the
world. What right have the people to
the gold which the combination owns and
controls? The people now know where
the gold is which they are told is the ONLY
money they can have.
AS long as the standard money of the
Western world is In the hands of this col
ossal pool Just SO long will the purchas-
ing power of gold increase and the price
OF property decline. Great as are the
American people, unlimited as are the
natural resources of this country, pros
perity cannot come without a larger cir.
culating medium than gold alone. The
basis Of the circulating medium cannot
be increased by gold. Both metals would
not be too much, and besides the output
of gold is substantially consumed in the
arts. The increase of population and
business is constantly drawing the cords
of contraction tighter and tighter around
the limbs of enterprise.
Four-fifths Of the American people. Yea
nine-tenths. have been at heart in favor
Of restoring silver ever since the crime of
1873 was discovered. but the, gold combf-
nation has seized every avenue of com
munication. The press and the telegraph
belong to it. Four thousand national
banks are it's agents; five thousand other
banks and trust companies do it's bid
ding. Merchants and boards of trade
are dependent upon the banks for accom-
modations and are clamorous in their
praise of gold monopoly. Politicians and
officials, high and low. rely on the money
powers, the press and the minions of the
the bank for political success. The pres
ident of the United States places three
hundred thousand. Offices at the service
Of the money power for the political OF
ether favors he receives. Before such a