The Caucasian. (Clinton, N.C.) 188?-1913, 1895-08-29
4 Deadly Arrangement
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viding for tse exclusion Of Chinese
was set 1t nought. And though the
law which commanded that 100000
ounces Of silver bullion should be pur-
chased monthly; provided also that
for redeemab.e on demand in gold or
Secretary OF the Treasury, he not only
violated the law IS before stated by
refusing to purchase the amount OF
silver commanded by the statute,
But ADOPTED THE REPUBLICAN POLICY
Of discriminating against silver by re-
deeming the treasury notes redeemable
in either golG or silver, with gold alone,
thus giving silver . heavy blow by
refusing it's recognition rs q money
metal. and the people heavy blow by
contracting the circulation or rather
preventing circulation to the extent
OF that silver bullion locked up in the
treasury vaults, all of which prepared
the way to the bond issues, to the great
JOY OF THE BANKERS
and money changers.
Every man who points out the
political villAinies of the day,
complains of hard times and low prices,
who presumes to be dissatisfied at the
robbery of the money kings, and who
refuses to accept the ignorance of his
children and misery in his home as a
blessing, is denounced by Democrats
as a calamity hOwler."
Who has been the greatest calamity
bowler OF the Republic:
Grover Cleveland.
In every one Of his State papers
Ne has predicted the direst disaster
from the prOpbesied evils of the Bland
act TO his last message to Congress.
And why?
TO understand this it will be neces-
| sary to go back to the panic inaugu-
rated by the New York bankers against
industry and prosperity.
THE TYRANNICAL USE OF PATRON
AGE BY THE PRESIDENT.
Grover Cleveland resol yed early after
his his "re-election in 1892, to make
the unconditional repeal of the silver
law, and fidelity to his policy of repeal.
| the test of fidelity to himself and to
his coming administration; and, in
pursuance of this resolve, intimated
that those Democratic members of
Congress who did not conform to his
| wishes must stand aside
MUST EXPECT NO FAvORs FROM HIM
of any kind. His newspaper organs
| in New York city-the Herald and the
Times, which were also organs of the
tanks-in elaborate editorial articles
printed in both journals on the same
| day, declared that those Democratic
Congressman who opposed the repeal
must go into retirement. Wall street
was rearing its ugly, brutal, infamous
head very high in those approaching
golden days, when the Federal admin
| lstratlOn was to be, as it believed, an
administration of Wall street, by Wall
| street, for Wall street."
The patronage scheme had not
proved success to the extent of OBJ
tanning the repeal of the Sherman law,
and extraordinary measures were now
resolved upon, to wit: A national
bank war upon the prosperity and
industry of the country. There is full
proof of the communication between
the
NEW YORK BANKERS AND THE PREsI-
DENT,
by trusted agents from time to time
eliminating in the meeting of Cleye-
land, Carlisle and the New York bank
ers at the Victoria Hotel, in New York.
on April 9th 1893.
CLEVELAND AND HIS NATIONAL.
BANK WAR UPON THE PROSPERITY
OF THE PEOPLE.
At that meeting John G. Carlisle,
Secretary of the Treasury, unfolded
the plan of Mr.. Cleveland in substance
as follows:
| 1.-THE West and the South, according tn
the Secretary, and as was the fact, were
| against the repeal of the Silver Law. They
were so welded to the use of silver that
they would not consent to the repeal except
| in exchange for free coinage
Grover Cleyeland had come to the con-
| clusion that if the object lesson of panic
and the distress that monetary stringency
would cause, were necessary to secure the
repeal, the Administration would do moth
ing to prevent it or to allay alarm"
Said the New York Sun, April 30,
| 1898:
The conference yesterday between Sec
| rotary Carlisle and number of the bank
ers OF this city was of great value in that it
resulted IN definite understanding of the
financial policy of the Administration, as
The statement of Mr.. Carlisle to the New
York bankers makes it clear that, while Mr.
Cleveland works in Congress, the bankers
will be expected to work, not in New York
only, but throughout the country, doing
tnelr utmost to pinch business everywhere
IN the expectation of causing money crisis
that will affect Congress powerfully from
every quarter. There is an explicitness in
these declarations and boldness in making
them that would be astounding were not
the country too familiar with Mr. Cleveland
and his methods to be astonished by any-
thing from him.
Now followed the horrors of the panic
inaugurated by New York bankers
and Democratic President to
GORGE PIE PEOPLE OF TIE SOUTH
and West to perpetuate their financial
chains and grinding poverty, by the
adoption of the gold standard.
do not wish to be understood as
saying that every man who is for the
gold standard is dishonest. l distinct
~ assert the contrary. Nor do l mean
to say that every banker and capital
lst is a rObber. Even in Wall street
some of the better class of bankers
were outraged to indignant protest
against the plot of Cleveland and his
coterie of cOnspirators.
Az the beginning of the panic Messrs.
A: X. Chisholm & Co., 81 Broadway,
addressed their correspondents and
the public in these words:
The repealers propose to cure the disease
OF contraction by more contraction. More
contraction is madness. 1t means half a
million more idle men in the next sixtv
days. 1t means silver down to 60 cents.
wneat at on cents, and cotton at 4. The gold
t1&2 bankers rule this country not bv pI1na
but by corner on gold"
On the 9TH of May, the Tribune said
1.-THE effort CT the administration to bring
the west and south to a full realization Of
the inevitable consequences of Compulsory
purchases OF silver bullion. has brought
distress and perhaps ruin to many innocent
persons-but there is no reason TO suppose
that it will be relaxed"
It is estimated that between April
27th and the 3Oth day of December.
1893, more than 1900 bankruptcies