The herald., 1896-10-18

state or municipal authority The bulls
and bears of Wall street, says Mr..
Berkey, fairly rioted in the specpla-
ton and gold gambling which ensued.
The premium on gold bbegan to go up.
On the 18th Of January, 1864, 1t was 81. 30;
on the 18th Of February s1.59; on the
18th of April, SITS; on the 18th of June,
$1.79; on the 30th Of June, $3.50, and on
the l1th of July, $2.S5h. The business
affairs of the country were OF course
greatly deranged, and thes distrust be-
came general. No change, how
ever, was made in the policy of the
treasury department. and matters went
on from bad to worse"
PAYMENT IN COIN, NOT GOLD.
But all these acts of legislation, insti-
gated, as they were by the money pow
er, did not satisfy the avarice OF the an
archists Of wealth, and again they
plotted.
The next step was to induce congress
to nav the bonds in coin. Mr.. Fawcet;,
in his book on Gold and Debt, says:
'It is a trick of capital. in all countries,
to persuade the people that their non
or is at stake in the payment OF debts
at the highest value that the holder may
set on them" And our American cap
italists shrewdly practice the same
trick And, to be brief, on April ~ 1866,
congress passed a law authorizing the
sale of 500 bonds, and with the pro-
ceeds retire United States currency, in
opposed by the friends of the people.
Congressman oliver p. Morton of In
diana, in opposing the bill, said: I'VE
would do injustice to the government
and the people Of the United States
after we had sold these bonds on an av-
erage Of not more than 60 cents on the
dollar, now to propose to make a new
contract for the benefit of the bondhold-
er." Hon. Thad. Stevens said: I'VE
were foolish enough to grant them gold
interest, and now they unblushingly de-
mand further advantages; the truth is.
we can never satisfy their appetite for
money" John Sherman said: Il say
that equity and justice are amply sat
isfied If we redeem those bonds at the
end of five years in the same kind Of
money, of the same intrinsic value it
bore at the time they were issued"
But notwithstanding all the efforts
made to prevent 1t an act entitled An
act to strengthen the public credit of
the United States" was passed, ap
proved and signed by the president
March 1S, 1869. By this act the govern
ment agreed to pay its obligations In
coin.
The bankers circulars of 1862 had
done their work but too well.
But this is not all the evidence we
have of the unworthy means employed
by capitalists to reduce the people to the
condition in which they now suffer.
ANARCHY OF REVOLUTION PRO-
CLAIMED.
"Three years after the war;" says
Mr.. Clark in his book, newspaper
called the 'Imperialist.' was started. 1t
was published at 81 Mercer street, New
York. Its figure head was a crown, it's
motto, The Empire Is Peace-Let us
Have Peace The Imperial Publishing
company was its sponsor, but no name
was given of editor, proprietor, or COZ
respondent. Among the advertisers
was Morton, Bliss & Co. Levi P. Mor-
of the United States. In its solicitations
to the public, the Imperialist said:
Though unannounced this journal was
not unexpected. The platform Of the
Imperialist Ia revolutionary; its object
is to prepare the American people for
a revolution that is as desirable as it
Is inevitable
A revolution desirable! And pray to
whom? Certainly not to the American
people. No; desirable to the supporters
Of that Imperialist; desirable to the an
archists of wealth who reap SO large
crop from war; and to them only.
But what else does this Imperialist say ?
I'VE believe Democracy to be fall
ure."
I'VE believe, in short, that Democracy
means lawlessness, corruption, inse-
curity to person and property, robbery
of the public creditor. and civil war; and
the empire means law, order, security
public faith and peace.
I'VE believe that the national faith,
If left in the keeping of the populace,
will be sullied by sure repudiation of the
national debt, and that an imperial gov
ernment can alone protect the rights Of
national creditors. (This, after all the
people had done for the national credi-
tors)
I'VE believe that but a small per cent
of the American people can be consid-
cred fit, by character or education, for
the unrestricted exercise of self-govern-
ment."
How does that sound to the American
ear? Was not right in saying that the
object of capital would ultimately be
to substitute a monarchy for our free
republican government?
The Imperialist was first issued in
the early part of 1868, and after it had
accomplished it's object it ceased-for
the reason, as it stated, that lowing to
the prejudices of the people and their
love for their false idol, the constitution,
the Imperialist could accomplish it's OBJ
ject better through the Republican par.
ty." Is not that significant?
Ten years later the New York Trib-
une, the leading organ of that Republi-
can party in which the imperialism de-
clared itself merged, came out one day
with the revelation that 1.-The capital
of the country is organized at last, and
we shall see whether congress will dare
to fly in it's face" What Is more like
anarchy than that?
The next day, January II, 1875 the
Tribune said: 1.-The machinery is now
furnished by which, in an emergency,
the financial corporations of the east
can act together on a single days no
tice, and with such power that no acI
of congress can overcome or restrict
their decision" Is not this anarchy
unadulterated?
MEETING OF BANKERS AND MIL.
LIONAIRES.
Mr. Gordon Clark, who has taken
great pains to substantiate what had
by some been considered mere rumor.
tells of man who had kept secret for
over twenty years, but who in 1891, be-
ing much exasperated by some heart
less expressions of banker with whom
he had been talking, said to friend
"Now sit down; l am going to tell you
something. .
Twenty odd years ago, in 1868 or
1870 l was in full swing Of affairs-a
millionaire among millionaires, you
know. I was frequently in Europe on
business or pleasure, or both. During
one of my visits l attended a banquet
held at the chief bankers club of Lon
don. One Of the Rothschilds was there.
Two directors of the Bank of England
were present and number of national
bank presidents Of the United States.
The gathering seemed impromptu, but
had no doubt 1t was arranged. A very
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