The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-08-28
"BY THE THROAT"


The following Communication from
the Hon. John P. Rea, concerning the
monstrous contract made between the
pl esent administration and the Morgan
Belmont Rothschild Syndicate, where
by that syndicate undertook to protect
the hundred million reserve" in the
treasury of the United States until Oct.
list, 1895, is so entirely to the point that
paper and give it editorial space. Judge
Rea says
dispatches from Washington yester-
day concerning heavy expectation of
gold on the day previous, quotes the act
ing Secretary of the Treasury as saying
that, he had no specific information as
to whether the Syndicate would allow
the one hundred million reserve to be
encroached upon or not
Then he proceeds to quiet the public
pulse with this hopeful assurance: The
best public opinion is that the Syndicate
will not allow the reserve to be en-
croached upon, until after Oct. 1, when,
as generally understood, their obligation
will cease What humiliation must
every true American feel at the confess
sion of helplessness from their chief
financial officer, and at the servile hope
of the best opinion at their capital.
1.-THE syndicate, to which the National
Troo C,,r1y h hoo,, 20 m, I'd ont for nrocor
walton, for a premium already paid of
about ten million dollars, has not ad-
vised the government whether it will
faithfully perform it's contract or not!
"Of course it was all paid it's price for
it's promise! All concur that it has the
power to do as it agreed. but the govern
ment trembles from uncertainty as to it's
purpose.
'The best opinion however, thinks
that the gold kings will allow the ma
tfonal treasury fitful life for seven
weeks more. The best \opinion' sees
more profit for the anaconda which is
slowly but surely crushing out the f1nan-
cial life of the people in graciously al
lowing this little additional breathing
spell. 1t is entirely probable that the
best opinion is correct, not because Of
any regard for pledges paid for and
made-not far from any patriotic i'm
pulse or thought-but because it is bet
ter policy to amply and fully demon
strate by an object lesson the certainty
and extent of it's power.
1--WE feel quite sure that the reserve
is safe until October 1st After that date
the poor government must rely upon it
self. 1t can no longer lean for support
upon Wall street. The public must re-
member that the power that can pre-
serve can destroy. They should read in
the object lesson the Syndicate is now
giving them that it has the power to do
either with the purpose to do, the latter.
THE recent farming out of the treas
ury IS without question the most humil-
iating and degrading governmental act
in American history. That it was done
without an indignant protest from every
hamlet of the land indicates a decadence
of that sensitive pride in National honor
that in the past characterized American
citizenship.
I'm the very gloomiest hour of the Re-
bellion, When added to the reverses which
for period followed rapidly upon the
land, the Pirate Alabama was triumphant
ly driving our commerce from the seas,
two wealthy New Workers visited Wash
ington and proposed to destroy or capture
the Alabama at their own expense, if the
government would agree to pay them
81, 000, 900 when the job was accomplished.
"They sought and obtained an inter-
view with President Lincoln. He listen
ed attent.vely to their proposal and when
they had finished rose IN the dignity of
his majestic American manhood and an
swered: We are in the throes of des-
perate contest for national life which at
times looks almost hopeless. The gov
eminent needs every possible assistance
within It's reach. But desperate as their
struggle is the American people would
never consent that 1 should farm out to
private parties any of the functions of
their government, and in their name l de-
cline your Offer
THAT was before the 'gold-ring,' en-
trenched in power by twenty-five years OF
legislation, as it now IS, was able to die
tate it's own terms as conditions under
which the government may exercise it's
governing functions.
"As long as gold recommendation ex-
lists, so long the syndicate can corner all
the redemption money we possess in any
"a hours; and not only rob the masses
of Their wealth, but control their govern
ment as we'll.
There is but one avenue of relief-but
one vista through which hope comes, and
that is in the restoration of silver to the
place it occupied in our financial system
before 1878; and the return, not to Sound,
but to honest money.-Penny Press