Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-09-16
J. R. SOVEREIGN.
G.. NJ. w.

wees c. an avowed enemy on false
promises and dslusive theories?
The money power wants a single gold
standard for purely selfish reasons.
They know that if hey can destroy sill
yer as a money metal no other legis,a-
bon viii b. needed to change The pay
ment Of outstanding government bonds,
both principal and interest, from coin 10
gold. and n the scarcity of god the
government will never be able 10 pay
It's bonded debt. AID with the gold of ths
world in their control they can lock IL
M or send it TO a foreign country and
force the government 10 increase i,S
debt az their will The same is true Of
all private debts. This sch SOe of the
money power. if successful, will change
all deb.s 70 gold payments. The aggre-
gate indebtedness of the American peo-
Die is reported 20 forty billion dol
lars. but for the purpose o. this Illus
;ration cut il down 10 twenty billion
and sup3os.ng it draws only three per
cent. interest per annum, we then ma
rhat with a gold production OF fifty mil
lion per year Git Is only forty-six mill
ioD) we produce only one dollar in gold
for every twenty million we are obl-g-
81 to pay. tbs scheme is conspiracy
10 force labor into the prepostsrouS pc
si.lcn of agreeing 10 pay Ghylock what
il has not and can never get
Already the American people are
driven to the dreadful position Of pay
ing interest to foreign money changers
eggregating actually more than twice
as much as our entire god production.
The creditor classes know that the
debtor Classes cannot perform physl-
cal impossibi,ity. and they hope
through a single gold standard TO con-
fscate the homes OF the people and en-
slave labor for the payment OF the
fixed incomes of the idle rich.
Again. the advocates of the single
gold standard know that there is net
now. and never will be. enough god
in the world 10 meet ten per cent OF
the demand for money, and therefore
,hey propose to destroy all govern
ment money except god and then au-
thorizs the banks TO issue the currency
OF he country. which will Increase the
debts Of the people another billion dol
lars and afford an opportunity TO the
banks to compound their incomes from
the necessities of the people and en-
slave labor 10 an oligarchy Of specui2-
ting wealth.
II any laboring man doubts that the
real designs and purposes Of the gold
. power are to destroy every form OF gov
eminent money except gold and force
transfer of the money prerogatives OF
the government to the banks, let him
read House bill. No. III. now on the cal
endar OF the 'ower house of Congress,
and then read a statement from the
committee on banking and currency OF
the lower house Of Congress, published
in the American Banker. OF New York
city. January of this year They viii
convince the most prejud.ced advocate
Of gold among the labOring people that
his only interest in a single gold stand
ard is 10 defeat it at the coming cleo
ton.
The money power, in its desperation
to'c0nquer the people, IS just now close
~ canvassing the employees of great
corporations. and an implied threat of
discharge If imposed on employees if
they dare support free coinage Of silver.
They pay employees in silver and then
Taunt them with the ridiculous cry
about fifty-cent dollars. but they never
pay off in gold, for they know that
there is not enough gold in the coun-
try to pay off tle laboring people for
a single month II they ware all working
a a dollar a day. 1t would require the
entire gold production Of this country
for a space of more than ten years to
pay off our twenty million working
people for single month II they were
all working at the present low rate of
/ wages. But the money power is just
now weeping and waiting over the
T ridiculous statement that the wages Of
the poor will be cut in two if We have
Tree coinage OF silver in this country.
Yet from the credit strengthening act
TO the repeal OF the purchasing clause
Of the Sherman law every statement
made to labor by this combine has
proven 10 be lie, and every promise
they have made has proven false. In
fact, they have not redeemed a single
pledge they had made 10 labor since
the day Christ scourged them from the
temple, and every one who knows their
. u.Sto4N hhpNS ludl IL A4ce COludEt Ol
silver would reduce wages they would
be among the first to advocate it,
Nearly every campaign document they
| issue. nearly every speech they make.
and nearly every editorial they write
contains a threat against the people.
/ They threaten 10 withdraw credits. fore
/ close mortgages. cOnfiscats cola erals.
bankrupt industries and pauperize labor
+ if free coinage of silver is adopted in
/ bh,s country; they invade the sacred
rights Of citizenship by threatening 70
I discharge tens of thousands of working
people for their political opinions On
the 22nd day OF last May the authorized
mouthp.ece of Vail street, Henry Clews,
in his weekly letter proclaimed the dis
position Of Wall street TO destroy the last
vestige of free government in America.
He openly boaSted that if the people
elect a tw0-,hirds majority Of Congress
in favor of free silver Wall street will
evoke conditions and events that no
+ Congress has ever We; dared to disre-
gard. and TIA, the cause Of free silver
win be defeated when its success seems
NEST certain. Then. like the L0asting
edicts OF king, he said: 1T IS on this