The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1896-01-23
HOT IN THE COLLAp.
Mr.. Arnold's Position on the Cur
renCy Question.

To THE ED1ToR:-In discussing our
financial condition I wish to be under
stood in speaking of banks, that it is
not with legitimate banking with
which l have the bone to pick, but the
National banks with their class privi-
leges as banks of issue, and as having
the power through that means of con-
trolling the money circulation, which
is the life blood of the nation. You
will see by reference to that London
circular that this money conspiracy
was started in Europe, and that our
"Wall Street. we're the willing accom-
plices in contracting the money of this
country, thereby giving this money
power complete control of our COM
merce and monetary system. John
Sherman said in a speech in the Unit
ed States senate in '93, that the green
backs we're purposely deprecated that
they might be turned into bonds.
Now refer to the London circular of
'62, which says, 'The great debt that
capitalists will see to it is made out of
the war, must be used as means to
control the volume of money, to &C.
complish this the bonds must be used
as a banking basis" John Sherman
says it was done, and history says it
was done. For whose benefit was it
done? The conspirators of course,
and these conspirators were the money
power of Great Britain aided and
abetted by those patriots (?) of Wall
Street, who to-day are now running
the finances of this country and not
congress or the executive. In the light
of these facts, one can see why the
finances of this country have been
run SO as to cause the emission of
$l62,OOO,OOO of bonds in the last three
years; on $62,OOO,OOO of which this
syndicate of conspirators cleared the
neat little sum of $l1,OOO,OOO and the
farmers of the Northwest got the
enormous price of 40 cents per bushel
for wheat. You can also see why such
haste during the term of Grover
Cleveland, to consummate the great
conspiracy and why every message of
the president and secretary recon-
mends the destruction of the treasury
notes, silver certificates, etc., and the
issuance of more bonds. Turn again
to the panic bulletin of 1893, last SEN
tence, "The future life of National
banks as fixed and safe investments
depends upon immediate action, as
there is an increasing sentiment in ia
vor of government legal tender notes
and silver coinage" Who raises the
money to elect our presidents, senat
ors and congressman? How do they
become millionaires on $1,000 a year?
1t is said by the Times-Herald of Chi
cago "that in 1888 Harrison was sup
ported by fund of 100000, half of
which was spent in Indiana. In 1892
the Democrats made up an enormous
contribution to the Cleveland fund"
1t may be only coincidence, but ev-
en- as such it is little cheer that in
four of the five presidential elections
from 1876 to 1892 the party with the
largest campaign fund carried the
day. Are we getting like old Rome
when the Emperor's crown was sold
to the highest bidder? Are the peo-
pie of this country whose soil is fructi-
fed with the blood of patriots and
who have hitherto been invincible in
their wars for liberty, to be cajoled
and duped, and finally bow down their
necks in bondage to financial sys-
tenn, that the biggest robber nation
that has existed for 1000 years may
have place for the investment of her
spoils, and make the children of blood
bought liberty, slaves till the crack of
doom? Is it any wonder that Sher-
man, Cleveland and Carlisle are hon
ored by having their Portraits hung in
the Bank of England's picture gal
lery? Why slight those infinitely
greater men-Washington, Jefferson,
Jackson and Lincoln? In the slang
phrase of the street one is led to ask,
''what was their rake-off for selling
their country?"
The great Lincoln of glorious mem
DRY foresaw our present plight and in
letter to Elkins in 1864 said, ''as a
result of the war corporations have
been enthroned and an era of corrup-
ton in high places will follow and the