The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-03-18
THE GREAT CONSPIRACY.
Conclusive Proof That the Panic of
1898, Which Cost Thousands
Their Lives and Millions
Their Fortunes,
Was Created by the Joint Action of
the National Bankers of New
York, and Grover Cleveland
and John G. Carlisle.
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TX.
But Dickinson's mission was as un-
successful as that OF Willard and the
patronage scheme turned out an utter
failure. No doubt there were Demo-
Gratis base enough to be influenced by
it, but the great body OF the party-in
the Fifty-second Congress at least
stood firmly to their principles. The
end OF the agitation Of the session
was reached when both Houses, by
decisive notes.-the Senate on Febru-
ary 6. and the House on February o.
refused to consider bills for repeal.
The failure Of the missions of
Henry Willard and d. M. Dickinson,
and the consequent discovery by
Grover Cleveland and the New York
National Bank presidents that Cleve-
lands control OF the Democratic par
ty in Congress was not what had been
supposed, and the certainty that a
majority OF the members of the Fifty
third Congress we're hostile to re-
peal Of the silver law, except in ex-
change for larger use of silver, in
volved one of two consequences
either an abandonment of any at
tempt TO procure repeal by the
Eifty-third Congress, or resort to
new and extraordinary measures.
XI.
But neither Mr.. Grover Cleveland
nor the bankers had the sligtest idea
of abandoning their crusade against
the silver bill. On the contrary, the
determination, both Of Cleveland and
the National Bank presidents, for the
repeal had been intensified by their
defeat in the Fifty-second Congress.
They resolved upon resort to new
and extraordinary measures. These
measures may be summed up in sim
gle sentence-a National Bank war
upon the National Industries, Com
merce and Property.
XII.
Soon after the second Inauguration
OF Grover Cleveland this project of
National Bank war upon the indus
tries and commerce of the country, in
order to force the repeal Of the silver
law, was under discussion in Wall
street. This discussion crystalliZed
early in April, if not even in March.
The proof Of this is very remarkable
statement publicly made on the 18th
Of April, by responsible hand fami-
liar with Wall street, and undOubted-
ly derived from Wall street sources.
This is the most important of the
'pre-Panic" statements, and is valu-
able in it's relation to the series OF Sc
cret Cleveland conferences
| that proceeded in such swift success
sion between the Goth and 9th of
April, inclusive, and to the rapid
development Of the panic Immediate
ly afterward.
''It is supposed by many" said the
writer Of this remarkable pre-Panic
statement, that President Cleveland
would be only too glad to have some
| financial trouble befall the country,
| appeal made in his behalf to the
! Democrats of the last Congress, and
| would support him in appealing to
| the next Congress, for proper legisla-
| tion' (meaning by "proper lcgisla-
| tion" a repeal of the silver law.
/ But" continued this writer, "sucf
an impression must do the president
/ injustice His relations to business
men and business interests are such,
and his knowledge of the effects Of
financial disaster upon the condition
and happiness OF the millions is SO
full, that he must be man Of exceed
ingly callous heart to regard with sat-
isfactiOn serious financial storm"
XIII.
Those men who want trouble usual
| ly find means for making it, and we
shall now see how Immediately upon
the heels Of the foregoing statement
Grover Cleveland and the New York
National Bank presidents joined
| forces to create that financial trouble
believed by them to be necessary to
support an appeal to the Fifty-third
Congress for the repeal of the silver
| law. Financial trouble was mild
phrase to cover that immense dis
turbance and disaster to the industry,
the agriculture, the commerce, the
property and the social order intend.
| ed to be inflicted upon nearly seventy
millions OF unsuspecting people. that
! filled the land with loss, CONSERVATION
and distress during the year Begin
ming with and following the 9th Of
April, 1893 But this enormous pros
pcctive social and industrial disturb
ance and suffering did not in tie least
appdll either the New York National
Bank presidents or Grover Cleveland,
for they knew that of the bolts about
to fall upon the country none would
strike them.
NV.
What | allege in this pamphlet is a
conspiracy between certain New York
National and other bankers and GER
tain Federal officers hereinafter
| named, which conspiracy had for it's
/ object deliberate, extensive injury to
/ the agriculture, the industry, the COM
merce and the property of the Ameri-
can people, and to alarm and distress
their minds-by banking operations
with view to coercc them and their
i representatives in Congress to a par
ticular act. to-wit: The repeal of the
silver act Of July "a. 1890; which con
| spiracy was actually carried into effect
with the results intended.
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