The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1896-04-24
1H GBID-Bj6 CONSPIRACY
Instances Where the Government Intsrvsnsd
70 Stop Cold Raids.
Facts That Prove the Cleveland Admins
tEatlOH TO BE Hand in Glove VITA
Wall Street COnsPiratOrs.

wall Street COnspiratOrs.
It has frequently been charged on
good authority, and hasneTer been sue
csasfuliy denied, that the panic of 1893
vas bankers panic. That the banks
did precipitate the panic there is but
little doubt. That Cleveland and Gar
isle were co-conspiratOrs is perfectly
clear.
The object Of this conspiracy was:
First-To repeal the Sherman law.
second-To secure the issusof bonds.
ThiFd-To destroy the greenbaekand
giant the banks the privilege of issuing
all paper money, The tracks of the
conspiratOrs are as plain as daylight.
On March II, 1893, seven days after
Grover Cleveland took the oath of Of
fee, in an interview with Times-Star
reporter, he said:
No, 1 win not call an extra session Of congress.
by only object in converting that body would be
10 repeal the silver purchasing act, and that can
not be effected this year. 1t is my opinion that
We shall experience close times in money mat
terra during the year. and when congress gets to-
esther next December it will DO more reason
able, more tFactable. It sometimes takes hard
times to bring a peOpls TO realize their condi-
tiou. When the squeeze comes the men who
stand 10 the way Of legislation to preserve public
confidence viii lose sight Of local theories and
sentiment and will be willing to join the ma.
iority and general sentiment Of those who know
best what should DONE IprOpose TO give the
country an object lesson,
Mark the words: "Those who know
best what should be DONE" On April
q, following, the New York Sun, a lead
ing democratic paper in the east said:
Secretary Carlisle this evening met number
Of bankers at the residence of George L. Viii
iiams, president Of the Chemical bank The
conference lasted over an hour. There was the
utmost good feeling displayed. PFesi-
dent CleVelsnd's advisers have told him that
The only way to induce the western and south
western congressman and senator's to consent 20
8 repeal Of the Sherman act is 70 demonstrate
TO their constituents that they are losing every
day this law remains in effect This work in
that direction has been started by number Of
bankers in the solid communities of the east
They are daily refusing credits to the south,
southwest and west. The Chicago banks it is
said, are carrying out the same line of policy,
Secretary Carlisle, in his talk with the bankers,
made his stand very clear. 1t is TO be heroic
treatment all the way through Of the Sherman
Law, and possibly by the next session of congress
all siiveFmine owners and adherents Of silver in
the house ami senate will be ready to consent to
repeal of the law, The bank presidents reply
ing to Secretary Carlisle, cordially informed
him that they would be ready at any time to
cooperate with him. Everybody shook hands
and there vas harmony all around. There was
perhaps no organized conspiracy against the
Eestin the great financial centers Of the east,
but there was general understanding ali along
the line that the west should be forced to help
the east accomplish what it had so long desired.
Politics and finance were combined in
TIE scheme. The great money powers Of the
east had secured the election Of Mr.. Cleveland.
They first spent large sum to secure his nom
ination, and second, a much larger sum to Sc
cure his election. They knew he was in full
sympathy with their views and they felt that
now, if ever, they must make the fight for gold
mcnOmetailism. Knowing that Cleveland was
heartily with them, they desired to create such
public sentiment as would make his triumph
With congress easy. First, they were to press
the west for settlement Of indebtedness, and
next they were to start the scare over the export
Of gold. The movement in gold began early in
the year. It was undoubtedly accelerated, and
every effort made to magnify its Importance by
New York lRancieFs, The telegraph wires were
daily loaded not merely with the various
amounts that we're going abroad, but with in
tsrViews with New York men as to what the ef-
isess would DO and as to what was the cause.
Now, isn't that rich readingY
Just read it over again and mark
how we'll the plot has been carried out.
But it was not necessary to wait for
the meeting of the next congress. The
gold power had things well in hand.
In June they discovered that bill to
repeal the Sherman law could be passed
and they had Cleveland to call an extra
session Of congress to convene August
Z OF that year.
lie issued the proclamation on the
Both Of June.
In his message he recommended the
repeal of the silver purchasing clause
Of the Sherman law and that "otheT
legislative action may put beyond all
doubt OF mistake the intention and
ability Of the government to fulfil its
! peCuniary obligations in money uni
y ysgsally recognized by all civilized
countries"
The bill was repealed.
But the bankers kept up their raids
on the treasury.
Then came an issue Of s50,OOOOOC
In bonds.
Still the bankers raided the gold re-
serve.
Then came another issue Of s5OiOOO,-
600 in bonds.
But still the bankers kept coming
They wanted more bonds.
And Cleveland and Carlisle issued
s620O0OW more.
They sold these to the bankers fol