The midland journal. (Rising Sun, Md.) 1885-1947, 1896-04-17
PORT DEPOSIT, April 18th, 'o6.
EDITOR MIDLAND JOURNAL,

EDITOR MIDLAND JOURNAL,
Dear Sir A word about the bankers
convention now i'll session in Baltimore
Gov. Lowndes speaks and so does Mayor
Hooper. The Governor could not see a
banker at the convention but whose life
had been success. He saw Mr.. Enoch
Pratt in two attitudes, one the banker,
the millionaire; the other the poor farmer
the owner of two cows, both dry. Prob
ably income tax cows pictured in the
New York World by Senator Tillman
will suggest the MIDLAND JOURNAL give
the public the two Tillman cows in its
valued paper. Then the Governor said
that he must listen to his party managers
Evidently sop to the bankers as he and
Wellington both got their nominations
from the bankers.
Then Mr.. Hooper-He said an assem-.
bly, of skilled men bent OIL one pursuit,
he probably meant to make money; hardly
necessary when the bankers have it about
all. Then this Mayor had rather listen
than talk; he did not understand the
modus operandi of the banking and
finance business, he had not been posted
Why, he says, none question the honesty
of a silver standard and a. gold standard
(pure Populism.) A bad break in bank
ers convention.
This is about all that has been said at
the convention, it will pass with the pub
Tic for what there is in it.
Then Mr.. John M. Nelson of Handle
ton & Co. Listen The financial insti-
tuition is at present dominated by opera
tons of the U. S. Treasury Department, a
situation and condition never contem-
plated by the fathers of the republic. But
he failed to inform his audience that the
Treasury, or rather the Cabinet, position
is to retire all money, all but subsidiary
silver national bank notes and gold. The
same position himself and rest of the
bankers occupy at present. Then again
he says it is useless to point out TO these
silver men that there was not coined but
100000 silver dollars from 1894 to 1874,
but he failed to say that the reason thev
were not coined was that they bore pre-
MUM, being worth more in Europe than
here. They had been bought by other
countries for the premium, being worth
some per cent above gold. And further
more failed to state that we had the Span
ish milled dollar, the Mexican dollar, in
fact all coined silver of the European
countries i'll circulation, all legal tender
in every ones hands until demonetized in
1857, which started the panic ofthat year.
Then the Baltimore plan of banking
unpatriotic and revolutionary; 10 free
people will submit to it. To give the
banks the exclusive control of the money
no money i'll circulation but what the
individual banker wants, national bank
note and gold-the gold boarded. the
bank note not legal tender, the greatest
incentive to issuing bonds in unlimited
extent, as the base for banking system
flood the country with paper that the
people would refuse in crisis. This is
the Baltimore plan, in fact It is what thew
will have if not checked.
The States after the revolution dele.
gated 70 the government of the United
States the power to coin money and emit
bills of credit on these conditions, that
the silver dollar should possess the same.
number OF grains of silver as the Spanish
milied silver dollar. The ratio was estab-
iished IS to LIS ounces of silver to one
ounce OF gold, and the States also sur
rendered their power to emit bills of credit
But the bankers in convention say there
is no power in the government 70 coin
silver free. If such is the case the States
never surrendered the power to the gov