Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-04-02
Republicans and Popullsts and FreS-sil'
yer Democrats VIII Name Him for
Governor of Indignantly Be Hoard
From Jolly ga

are reminded of the hero in war and In
peace, who knew no falterlng In the
darkest hours OF the republic, and who
served his country for eight years with
out money compensation.
when we think Of Jefferson we
think OF his memorable words; That
which will promote the interest Of the
individual in the most permanent and
beneficial form. is the promotion OF the
general good. increasing the opportun-
tiles Of mankind, and enlarglng the
scope Of civilization
when we think Of Monroe, we con-
found his name with that great doctrine
Of international law now fully recog-
nized throughout the world.
when we think of Jackson, We are
reminded of his brave resistance to the
money power. which sought to fasten
upon this country a duplicate Of the
Bank Of England.
When we think Of Lincoln we are re-
minded OF his fidelity to the cause of
human rights, as represented in the
abolition Of slavery.
"When we think of Wendell Phillips
we see the figure OF an arlstocrat stoop-
ing to embrace the cause OF the enslayei
negro, unawed by the SCOTS and jeers OF
plutoeraey.
"All these men were made for the oc-
caslon: By the oppression OF George
III. Washington was made; In the at
tempt to centrallze the government,
Jefferson; from the oppression OF the
Central and South American republics,
Monroe: the attempt to renew the char
ter OF the United States bank. Jackson;
and the cause of slavery made Lincoln
and Philips.
TN the latter we have a type living
among rs to-day. made by the selfish
greed Of corporate wealth, which seeks
to turn all things to Its own interests,
regardless Of the suffrages Of the people.
Hazen 8. Plngree is an abolltionist In
another sense. He believes in the abol-
Ition Of corporate wealth, as presented
In financial monopolles, transportation
mOnopalles and land monopolles.
"Let us examine his position on these
questiora, for 1t is fitting that we, the
future heirs to this republic and Its In
Btitutions, should study out the science
Of government.
what Is financial monopoly? Why
does Mayor Plngree seek to abolish It?
Is It best for the United States that
these forms Of monopoly be abolished?
I'VE find financial monopoly repre-
sented In the national banking system
of the Country, which delegates to
few persons almost the entire control
OF the finances, with power to contract
or expand the currency at will, to cause
panics, create distrust, strikes and
bloodahed. Now. Mayor Pingree be-
lieves that the right to issue money
should be solely delegated to the peo-
pie, through the treasury. with a gov
eminent banking system in which there
would be no selfish interests for private
gain.
with this idea worked out, 1t is quite
plain that there would be no more pan
les, for the people having confidence IN
the government would not rush to the
government banks to withdraw their
money from circulation, as was done in
the panic OF 1898. This panic was
brought about by the greed Of the bank
ers of Wall street, New York, and the
bankers of Lombard street, London,
who sought TO break down the rising
sentiment in favor Of the remonetiza-
ton Of silver, which was unwittingly
demonetized by act Of congress in 1873.
LET us look a little further into this
panic Of '93. The democratic party hal
Just been returned to power on what
was popularity Supposed to be free sill
yer platform, by an Overwhelming ma
jorlty Of both houses Of congress. This
platform promised to remonetize silver
with free AID unlimited coinage at tho
ratio Of 10 to /. But there was an obsta-
Gle In the way. The president saw fit
to put a different construction to the
platform.
There was prospect, however, that
congress would pass free coinage bill
over his veto. To Offset this 1t was de-
cIded by the Wall street bankers and
their friends in London to give great
object lesson in the panic that fol-
lowed. This was first noticed when
banks began to call In their loans, and
10 refuse accommodations on the very
best securities.
"As answer for their ofiense against
industry aAd commerce, they gave out,
through their public press, that the
panic resulted from fear of the remone-
tization Of silver, and that when there
was no farther danger of remonetlza-
ton, prosperity would return. A free
coinage bill was not passed and what Is
more the Sherman act was repealed and
prosperitj2s still far away.
But the browning act and the one
showing the relation between the Wall
street bankers and their London part
ners, was at once laid bare, when Eng
land arbitrarily closed the minis Of
India to the free coinage Of silver.
In consequence Of this silver at once
GhFVAk 20 cents on the dollar, creating