Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-04-01

Hnele"OOu tChicago) high school. ha
nominated Mayor Pingree, of Detroit
Tor president. The nomination wa
made the other day at a meeting of th,
literary club connected with the school
Her name was on tho program for
speech on Mayor Pingrec and his re
forms. The speech will interest re
FORMERS generally. because Mayor Pin
grees views are given on the thre,
great questions OF the day-Finance
transportation. Land. Here 1t is:
men are best known By the idea!
which they represent.
Wnen We think OF Washington. VIC
are reminded OF the hero in war and II
peace' VINO knew no faltering in the
uarkest hours OF the republic. and VIII.
served his country for eight years with.
OUT money compensation.
when we think OF Jefferson we
tnlhk or his memorable words: That
Whlch VIII promote the interest of the
individual In the most permanent and
beneficial form. Is the promotion OF the
general good, increasing the opportun-
tues or mankind. and charging the
scope of civilization
When we think Of Monroe. we con
found his name with that great doctrine
OF International lew now fully recog-
hized 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 Enciand.
When we think of Lincoln we are re-
minded of his fidelity to the cause of
human rights. as represented in tho
abolition Of slavery.
When we think of Wendell Phillips
we see the figure Of an arstocrat stoop-
ing to embrace the cause OF the enslave,l
negro, unawed by the SCOTS and jeers OF
plutocracy.
All these men were made for the oc-
casion: By the oppression of George
Ill. Washington was made; in the at
tempt to centralize 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 Phillips.
In The latter we have a type living
among us 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 s. Pingree Is an abolitionist In
another sense. He believes in the aboi-
ition OF corporate wealth. as presented
In financial monopoles, transportation
monopolies and land monopolies.
Let us examine his position on these
question: for It Is fitting that we. the
future heirs to This republic and its In
stitution-. should study out the science
Of government.
What Is financial monopoly? Why
does Mayor Pinrree seek to abolish IL?
Is 1t best for the United States that
these forms OF monopoly be abolished? ?
1--WE find financial monopoly repre-
sented in the national banking system
of the country, which delegates to a
few persons almost the entire control
of the finances, with power 10 contract
or expand The currency at will. to causa
panics. create distrust, strikes ami
bloodshed. Now. Mayor Pingree be
lieves that the right 10 issue money
should be solely delegated to the peo-
pie. through the treasury, with a gov
ernment banking system in which there
would be no selfish interests for private
gain.
with this idea worked out, it is quite
plain that there would be no more pan
ics. 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 1893. 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-
tion Of silver. which was unwittingly
demonetized by act OF congress in 1873.
LET us look little further into this
panic OF '93. The democratic party ma
Just been returned to power on what
was popularity supposed TO be free sill
yer platform. by an overwhelming ma
jority OF both houses of congress. This
platform promised 10 remonetize silver
with free and unlimited coinage at the
ratio of 15 to l. But there was an obsta-
Gle in the way. The president saw Ht
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 It was de-
cided by the Wall street bankers and
their friends iu London to give a grea.
object lesson in the panic that fol-
lowed. This was first noticed when
banks began To call in their loans, and
to refuse accommodations on the very
best securities.
"As answer for their offense against
Industry and commerce. they gave out,
through their public press. that the
panic resulted from fear OF the remone
tiaation of silver, and that when there
was no farther danger OF remonetiza-
tion. prosperity would return. A free
coinage bill was not passed and what H.
more the Shermsl act was repealed AMI
prosperity is stIll far away.
"But the crownings act and the one
showing the relation between the Wall
street bankers and their London part
uers, was nj once laid bare. when Eng
pnd arbitrarily closed the mints OF
Lraa 10 the free coinage OF silver, {!
y sorseqnence of this silver at once
rhrunls> go cents on the dollar. creating /
hfcach1in the intrinsic value of the !
lalsafRs. 81 re3resehted In gold and /
silver rcspeetfyely
Nov large portion OF the people Of I
his country in %. frightened INTO sub- !
mission to the program OF the banlssps !
began TO ciamor against
my attempt at reconciliation. rnd by
lrging their representatives in con-
yress. not only succeeded in preventing
but forced the repeal
Df all laws favorable to silver as 4
standard OF value Thus one-half the
standard money was given final blow.
M Of our silver money becoming mere
" token. .or like n paper currency, re-