The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1896-03-12
standard, for other nations have
travelled the same road before.

I am aStOniShed at the blindness of our |
merchants, farmers, laborers, middlemen,
manufacturers and other useful producers,
and can account for it only on the prediction
of Lincoln, that the money power would
work on the prejudices of the people until
their liberties and property were destroyed.
The producers of this country are the most
faithful and effective workers in the world
and produce more per capita than any other
nation on earth, yet we have come to such a
pass that when they reach out for their re-
ward at the end of the season, the Internal
gold trust, (by reasons of rent, high interest
and low prices caused by the contraction of
the currency flches the major portion of
this reward from under their noses, and
these people then curse the hard times, and
the party in power, and again vote them
selves into the hands of the money power by
voting for the other party. And then to talk
of over production, when, with the largest
OF crops, the producers can't pay their debts
because millions of hungry people can't buy
enough to eat, and SO the middleman who
stands between has to go under with the
producer and manufacturer. To say that
this state of affairs is on account of tinker
ing with the tariff, is to write oneself down
an imbecile
In 1877, at the commencement of the
Napoleonic wars, England suspended specie
payment, and emitted paper money which
was her only currency for nearly 20 years.
During this time she not only became mis-
tress of the seas. but was largely instru-
mental in giving Napoleon his Waterloo.
During this period also, her merchant ma
rine fourished and her manufactures were
in ali
agriculture fourished, manufactures
sprung up, and prosperity, universal and
unheard OF, prevailed every department of
the empire. During this period England
nad nothing but paper money in circulation
but the Rothschilds and his compeers did
their best to depreciate it. and bought in
much OF it, to turn into consols at 70 cents
on the dollar. The government paper was
funded at from 4714 to 55h cents on the dol
lar. In 1915 this war closed, and in 1916
silver was practically demonetized, being no
longer legal tender for more than 40 shil-
llngs, or about SO of our money In 1919 an
act was passed to resume specie payment to
take effect in four years. The younger Peel
was largely instrumental in passing the
resumption act, and when he met his father
coming from the house of lords, and told
him what was done, the old man exclaimed
my son. you have doubled the value of nv
property, but you have ruined your coun-
try" Great numbers of artizans and labor
ers were thrust out of employment, and the
suHerlng they endured finally brought them
to madness and open rebellion. At Man.
chester $4,000 men, women and children
collected, crying for blood or bread, and
were shot down by British troops, as the
| strikers were at Chicago, a la Cleveland.
| Inc government was forced to lend money
| to manufacturers to relieve this distress.
During the period between 1922 and 1860,
| the number of land owners in England
| dwindled from 10000 to 10000 and the
writer's Immediate ancestors were among
the sufferers. So you need not think that he
has any lingering regrets for England save
the few ties of blood yet living. Surely do
not need to draw the parallel in the history
of the last thirty years in this country with
that of Great Britain during that period.
The greatestmen in the Republ party are
my witnesses to the fact that we have fol-
lowed in the footsteps of England, as stated
by that Judas of Ohio. Think of the prosper
lty OF this country at the close of the re-
belllon when the secretary of the treasury
SAID, the people were out of debt and the
country was never more prosperous Look
at the weary road we have travelled with all
our financial legislation in favor Rothschild
Morgan, Belmont and Co. Think of the
credit Strengthening act, the destruction OF
greenbacks, the decentralization of silver
the resumption act. and general contraction
of our currency from 5000 per capita in
1866 to less than IS to-day. Is it any Won
der that we have bankruptcies, mortgage
sales, tramps and every other form of evil
Our country's downfall would have been as
England's but for it's immese size and won.
derful natural resources. JAS ARNOLD.
Vesta March 9th, 1896.
w. @. IT. u. COLUMN,