The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1896-09-18
A STUPID
GENERAL CRIME.
What Sherman Once Thought
of Silver Demonstration.
OPPOSED THE SINGLE STANDARD.


fndorsed tho Statement of scyd That "Hu-
manity wouId Learn 60 Cureo Its Au-
thors'--RcsuIt OF the Contraction of Cur
rency--whcnt Fed 10 Hogs and Corn
Burned For Fuei--A Prophecy Fulfilled.
On pago 533 of john Shcrman's pub-
lished speeches and papers, edited by
himself, il an extract from tho well
known economist Soyd II will read
you short extract from Seyd, " said
Mr.. Sherman to tho senate, in urging
that the silver dollar was sound money,
good money, dollar honest enough to
uso for redeeming the groenbacks and
for paying all non-interest bearing debts
of tho government. 81 will now read you
an extract from Seyd cn the very sub
ject am speaking of-the Importance
Of the American dollar in tho commerce
of the world--and as he expresses it
much better than can, think sena-
tors will be much better pleased to hear
his statement.
This is part Of the statement thus
Endorsed by Mr.. Sherman as vindicat-
ing tho honesty Of tho silver dollar
much better than hc could himself:
"I think that America by deciding in
favor Of tho double valuation would not
only save tho world at large from an
abyss and prevent the accomplishment
of stupid general crime whose authors
humanity would some day learn to
ccrse, but that she would advance her
own interests more than may be sup
posed possible,
''This," said Senator Sherman in con-
clusion, ais the opinion of Mr.. Seyd, an
English writer who is perfectly familiar
with tho whole subject and who has
lived in this country the most OF his
life."
As Mr.. Seyd's statements need no
further Endorsement after this, we may
proceed to inquire into the facts on
which he based conclusions which he
expressed even better than Senator Sher-
man could have done himself-unless,
indeed, as was probably tho case, Sena-
tor Sherman allowed his modesty to un.
derrate his merit.
Why is 1t, we may now ask Senator
Sherman, J. Pierpont Morgan. Mr.
Perry Belmont American agent Of the
Rothschilds, Mr.. William 9. Whitney
OF tho Standard Oil company, MIR.
Hanna of the Iron trust and others who
now advocate the demonetlzation of sill
yer and the corporation system Of cur
rency control-why is il true, as Sena-
tor Sherman thought in reading Mr..
Seyd's views, that the adoption of the
single gold standard and the demone-
tization of the silver dollar would be
"stupid general crimo whose authors
humanity would some day learn to
curso?'
Fortunately, OF rather unfortunately,
we have since had the answer written
for us OH the broadcast page of our in.
dustrial history.
AS IA result of the contraction Of our
currency and the currency of the world.
as the result of foreign control i'll Wall
street and Of foreign influences domi-
mating at Washington, we have been
forced from depression to stripgoncy,
from stripgcncy to panic, and this not
once, but repeatedly. We have seen our
gold forced out of circulation and hoard
ed by tho agents of foreign bankers, us
ing it to force repeated issues of bonds
on which they demand from our labor
interest payable in gold On which they
propose TO issue as our only popular cur
rcncy their own notes to be forced into
circulation by our government. We
have seen our mining states bankrupted
and their citizens brought to poverty.
We have seen our silver with q price set
upon it by England and used at this
price by England to pay for East Indian
wheat and cotton bought in competi
tion with our own. We have seen our
own brcadstuffs and cotton forced below
the cost of production. We have seen
wheat fed to hogs and corn burned for
fuel for lack of market. We have seen
tho growth Of our thriving western cx-
porting states stopped, their people |
hampered IN every enterprise. their pro-
ducers impoverished. their labor robbed
Of its opportunities for proftable>.nm nm-
pioyment. their capital tied up i'll en-
tcrprises which are rendered unproduc
tive by the blighting interference of
government under foreign control. We
have seen the prices of our exports forced
down until tho country has become |
more and moro "a debtor nation" until |
it is impossible to get gold to ''settle
balances and pay interest OH nn in
creasipg debt. We have seen American
property pass into foreign hands until
now several thousand millions of our
best paying Investments are controlled
by the same foreign operators who arc
controlling our currency and debating
our financial policies And while the
bread producers of our agricultural
states are tbps impoverished by lack of
distribution for their products, We have
geen IN tho great cities of tho cast an
increasing plumber Of people who have
nothing to eat, From tho tenements of
New York and of London we have heard |
the cry of famine---a mighty cry for
bread, nn appeal TO heaven before which
even the Whitneys. the yanderbilts, the
Rothschilds trcmbie.
All this and moro we have seen since
t.s the senate of tho United States Hon
ost Jebn" Sherman indorsed the state
snent tls.t thc establishment of tho single |
gold standard would be "a ''stupid gem
,crai crime Sgt,oSe authors humanity |
would learn TO oursot"--St. Louis Post
Dispatch
n sse mints arc opened and silver Is |
sreeIy eesscd. money cannot be oornered.