The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-09-18

sound financial system, aho opposeU
wild cat banks"
"A sound financial system" What
q carfcaturei What bitter, heartless.
constituencies irony. If our earthly
PARENTS. instead of bread We're TO give
US stones; if instead Of meat, they
were to give Us poisonous serpents
they would do just as the Republican
PARTY has done in giving US that
''sound financial system" Words are
jnadeouate TO picture the enormity OF
the injury that has been wrought
upon the country. In the whole OF
human history there is no other IN
stance of spoiIation and wreekage SO
gigantic and disastrous.
l do not intend 20 speak as an
alarmist. The injury wrought upon
the American people is too profound,
TOO far reaching, to find expression IN
the crude rhetoric Of the calamity
bowler It is only in true minds and
noble souls that the magnitude of the
evil the wrongfulness and perversion
of Republican policy can be compre-
hended and appreciated. Near the
close of the war, in reply to letter
from a friend in Illinois, president
Lincoln said:
yes we may all congratulate our
selves that the cruel war is nearing its
close. 1t has cost a vast amount OF
treasure and blood. The best blood
of the flower of American youth mas
been freely offered upon our country s
altar that our country might live. 1t
has been indeed trying hour for the
republic: but I see in the near future
a crisis approaching that unnerVes
me and causes ne to tremble for the
safety of my country.
"As a result of the war, corpora
ations have been enthroned and an era
of corruption in high places will fol-
low, and the money power of the coun-
try will attempt to prolong its reign
by working on the prejudice of the
people until all wealth is aggregated
in a few hands, and the republic de-
stroyed. I feel at this moment more
anxiety for the safety of my country
than ever before, even in the midst of
the war. God grant that my sus-
picioas may be groundleSs.
What a wonderful prophecy, and
how terribly it is being fulfilled. The
foregoing language of Lincoln, so far
as ] know. has never been impeached
as being either untrue. unprophetic or
unauthentic. The solemn words have
been reiterated in the public prints
Tor thirty years; and every year we
are realizing more and more their
direful import. The words are true
independently of their authorship;
and no other than Lincoln could
speak the words with such fateful
significance; for they follow down with
the development of financial con-
spiracy and treachery within his own
party; and they forewarn the people
as to the evils that are to befan them.
AS Joseph interpreted Pharaoh's
dream to betoken the coming Of dis
estrous years, so Lincoln foresaw the
approach of lean and hungry years,
times of hardship and restitution; not
because the earth would refuse to be
fruitful and to yield her bounteous
supplies: but because men were
treacherous; leaders would be I'M
faithful; selffshness and greed would
control the councils of the nation;
corporations. syndicates and combines
would entrench themselves in the
high places; the money power would
become supreme; wealth would con-
cennate in a few hands; the people
would be enslaved anew; and again
would liberty perish because of mans
humanity to man.
Another document that has been be-
fore the public for more than thirty
years is the Hazard Circular"
There can be no doubt OF its
authenticity, for it was first pub
lished through a bank cashier
who had received it as cir
cular distributed by mail 10 the bank.
Like the prophecy of Lincoln, it out
lines the future; and it does more; it
anticipates the policy OF the Republi-
can party, a policy that was merely
reproduction Of the financial policy of
England, one that had been fully set
forth in all its cruelty and enormity
by Allison in his history of England.
The circular was issued in 1862 by Eng
lish capitalists who commissioned one
Hazard. a London banker, to propa-
gate its principles among American
bankers with a view to having the finan-
cial policy of England adopted as the
settled policy OF this nation. The circu-
lar is as follows:
"Slavery is likely to be abolished by
the war power. and chattel slavery
destroyed This 1 and my European
friends are in favor of, for slavery is
but the owning Of labor. and carries
with it the care for the laborer; while
the European plan led on by England,
is capital control of labor, by controll-
ing wages. This can be done by con-
trolling the money.
'.'The great debt that capitalists viii
see TO ii is made out of the war, must
be used as measure to control the
volume Of money. To accomplish this
the bonds must be used as a banking
basis We are now waiting TO get the
secretary of the treasury to make his
recommended ton to Congress. 1t will
not do to allow the greenback. as it is
called, to circulate as money any length
of time, for we cannot control that
The financial policy of the Republic
can party fulfills the predie.f9 of
Lincoln and the plan outlined by the
Hazard Gil cular While the Republi-
can masses are guiltless in the matter,
and are sufferers with the great ma
jority of the people of the country.
their party leaders have been induced
to adopt the policy which slowly but
surely brings the people into bondage,
a thralldom that grows denser and
darker and more hopeless as the years
roll on. The substance and essence of
this policy is TO subsidize and enrich
a favored class: and by means of legis-
lation to put wealth and privileges in
their hands; TO endow them with oppor-
tunity so that their absorption of the
4 ealth Of The county follows necessarily
and surely as the revolution of the
planetary system. In other words, the
financial policy Of the Republican par
ty has been that of the bankers and
brokers and SPECTATORS whose wishes
and interests have always and invar-
iably shaped Republican financial leg
islation. BY this policy the country,
with its wonderful resources and op-
portunities, has been sold out to the
money monopolists. whose care for the