The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-09-18
WHAT A SPECTACLE!

NaOStA SuO NAluHcdpOIlS IcHuy FTeSS.
Ten days ago the United States Treas
ury lost $4,000, 900 Of its "gold reserve"
Instantly the greatest anxiety prevailed
among Treasury officers as to what the
syndicate would do. Within twenty-four
hours the Syndicate made the. deficiency
good and the official household Of Sec
rotary Carlisle was made once more
cheerful and happy.
Three days ago other demands to q
like amount were made and the Treasury
Department was again thrown into hys-
terics. Within like time the Syndicate
made the deficit good, and again a great
burden Of anxiety rolled OF the shoulders
Of the Official Household of Finance.
Today. however, $4,500.O0o have been
withdrawn from the Sub-Treasury of
New York for exportation-more than
half being taken by one of the members
of the bond syndicate itself. The result
has been to produce CONSERVATION, if not
indeed very panic among the Treasury
officials. To render the situation worse
the Bond Syndicate gives out this morn
Ing officially the fact that they are not
now and have not been for months legal
ly required to keep up the Treasury ere
serve" but have done SO from patriotic
motives"
Ye Gods! When was Shylock's trade
ever before shielded beneath the cloak Of
patriotism! This Syndicate received the
enormous commission of ten millions of
dollars to do precisely what they have
been doing according to the understand
ing of the government at Washington,
and were to continue to do until October
next; and now they come forth with the
statement that their present protection
OF the government reserve" has been
the result Of patriotic duty"
Patriots for 100000 We believe
the government Of the United States
could find ten millions Of patriots for that
sum Of money within half her territorial
limits!
What an abomination! What an out
rage upon free people! What a spec
tacle for a nation of such vast wealth,
such enormous resources, with it's seventy
millions of population to be compelled to
dance at the beck and call of few money
loaners of Wall Street! II only our al
legged statesmen and alleged patriots
would initiate that enterprising people
away across the Pacific Ocean, and make
silver as we'll as gold her money, how
swiftly and how easily would this flnan-
cial problem be settled:
II the United states today could COM
mand, as original and primary money,
six hundred million dollars in gold and
six hundred million dollars in silver, eth
er OF which any debtor could pay his
creditors demands, how utterly impos-
sible It would be to brighten the govern
ment" by withdrawing four or Ave mil
lion dollars of its primary money for
shipment abroad:
Still we stand mutely by and see our
foreign trade gobled up by India, Japan
and the serfs of Russia, simply because
we have not the moral courage to an
nounce to the world that the United
States Is rich enough, large enough both
In territory and in people, to stand alone
upon any business proposition which
may be necessary for the successful re-
suits Of her business enterprises, both as
a nation and as individuals.
India and Russia by the free use of
silver have taken from this country the
sale of one hundred and fifty million bu-
shells Of wheat, and Japan today is laying
the foundation, with American brain
and American intelligence, to rob this
nation Of it's surplus product in the high
est attainments of inventive products.
Still we stand idly by and see ourselves
robbed of the glory we might otherwise
retain and increase, because few Shy
locks in Wall Street tell us that "this is
the proper caper!'