Twice-a-week plain dealer. (Cresco, Howard County, Iowa) 1895-1913, 1896-12-08
OUR CANDIDATE IN 1900
The Money Trust.

QSu CIuO III IOuOOil Oh Inc S4UI lLlSt..
Lord Farrar, the president, made IL
report in the course of which he said:
1.-The most important event of the
year is Mckinley's election. He was
the man Cobdenites thought the
worst that coaid be selected until
Bryan was nominated, and we do not
disguise our delight at Mckinley's
election. We shall await his action
regarding protection"
Ia recent interview on the ques-
ton of how McKinley's election
would probably effect the trade of
Germany, Doctor Koch, governor of
the Reichsbank in Berlin, remarked:
1--WE must wait and see. AT all
events, Mckinley is a lesser evil than
Bryan. am hopeful that Mckinley
has abondoned his policy of extreme
protection, but we are not secure
from surprises and we ought to be
prepared for them. 1t is to our in-
terest that German trade should
stand well in America, and we are
ready to give or take"
Much as they dislike high protect
i've duties which shut out European
goods from the American market,
the creditors of Great Britain and
Germany, as the foregoing excerpts
testify, ineffably prefer Mckinley and
the highest kind of a high tariff to
Bryan and free silver coinage. 1t is
folly to assume that the creditor
class of England and Germany object
to independent American free coin-
age because such coinage would hurt
the United States. They are not
dominated by the altruistic spirit,
and they do not care how much in
ury we intlict upon ourselves or how
much is Inflicted upon us. Indeed,
on several occasions Great Britain
has practically attempted to d. 49,.
this government, and Gsasa -,
50 i,''ie io' oas,tat on the gauzy plea of
.r.oo...nic:lng the public health she has
rigidly excluded some of our mos; inn
portant products from her markets
The creditors of both countries, then,
did not and do not object to Aneri-
can free coinage because it will hurt
US, and us they do not object for this
reason, their opposition must be
grounded in the belief that such coin
age would hurt them. The belief is
not without warrant, for American
free coinage would hurt them, though
not lnequitably. BY supplying
Americans with money of their own
it would lessen the demand for Eu-
ropean money G: for the gold OF
which such money is made; by lessen
lug the demand for gold it would d
minish il value; and Ey diminishing
its value it would curtail the powe.
OF creditors to eXtort unearned aul
unjust tribute from debtors and pro
ducers. Free coinage would be fol
lowed by fall in the value of money
and rise IN the price of commodities
and to the extent to which it should
raise the price level and lessen TIL.
buying power of gold 1t would hell
those who produce wealth and hur
those who deal in money. 1t is be
cause they understood this that th,
Rothschi!ds and other millionaire
and capitalists of Europe objected t.
Bryan and the platform on which h,
was candidate, and it is becaus
they understand it that they rejoice
in the election of Mckinley. In til,
fact of their rejoicing may be dis
cerned a certain assurance that u
the end of the incoming admiuistra
ton the world will be no nearer inter
national bimetallisln than it is today
European creditors who object tt
American free coinage because j
would cheaper the article in which
they deal, will not sanction interna
national coinage when the latte
would produce the same effect.
The greed of the capitalists of Eu
rope is well Illustrated by the forego
ing quotations from the report OIL
Lord Farrer and the statement O
Doctor Koch. These men and thos,
they represent aud speak for, would
like to see the ports of the United
States thrown wide open to the pro
ducts OF England and Germany. Blu
rather than the United States should
adopt a policy which would cheaper
the particular article in which
the Rothschilds and other Euro
pean bankers and bondholders deal
the creditors would prefer to see oul
ports tightly closed against import,
and and the mill owners aud manu-
facturers of Europe denied access te
our market. They desire to. see the
productive industries of their re.
spective countries flourish, but ra.ht
than have the value of their pounds
and marks cut down they would pre-
fer to have these industries ruined
They care little what happens tc
80 that they are protected. There is
much talk Of wire, steel and other
trusts. He must be blind indeed who
cannot see that tho greatest of ali
trusts is the money trust, that it rules
Europe and the United States, and
that until it has been destroyed the
wealth prod ucers who are fettered
and enslaved by it can notexperience
prosperity. -Tel, graph.