The Louisiana populist., 1896-10-09

was bankers panic. That the banks
did precipitate the panic there is but
little doubt. That Cleveland and Car
Isle were co-conspirators is perfectly
clear.
The object Of this conspiracy was:
1. TO repeal the Sherman law.
:. To secure the issue of bonds.
3. To destroy the greenback and
grant the banks the privilege of issuing
all the paper money. The tracks Ct the
eonspirators are as plain as daylight.
On March II, 1893, seven days after
Grover Cleveland took the oath of office,
In an interview with Times-Star re-
porter, he said:
mo, 1 will not call an extra session
OF congress. My only object In con-
vening that body would be to 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 matters during the year, and
when congress gets together next De-
cember 1t will be more reasonable, more
tractable. 1t sometimes takes hard
times to bring a people to realize their
condition. When the squeeze comes
the men who stand in the way Of legis-
lation to preserve public confidence will
lose sight Of local theories and senti-
ment and will be willing to join the ma
Jority and general sentiment Of those
who know best what should be done.
] propose to give the country an object
lesson"
Mark the words: "Those who know
best what should be DONE" On April 27,
following, the New York Sun, a leading
democratic paper in the east, said:
Secretary Carlisle this evening met
number of bankers at the residence of
George l. Williams, president Of the
Chemical bank. The conference lasted
over an hour. There was the utmost
good feeling displayed.
President Cleveland's advisers have
told him that the only way to induce
the western and southwestern congress-
men and senators to consent TO a repeal
OF the Sherman act is to 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 the bankers IN
the solid communities of the east. They
are daily refusing credits 10 the south,
southwest and west. Tie Chicago
banks, II Is said. are carrying out the
same line of policy. Secretary Car
Isle. 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 b. the next
session OF congress and silver-mine
owners and adherents of silver in the
senate and house will be ready to con-
sent to repeal of the law. The bank
presidents, replying to Secretary Car
Isle, cordially informed him that they
would be ready at all times to cooper
ate with him. Everybody shook hands
and there was harmony all round.
There was perhaps no organized con-
spiracy against the west In the great f.
nancial centers of the east, but there was
a general understanding all along the
line that the west should be forced into
line to help the east accomplish what IT
had SO long desired. Politics
and finance were combined In the
scheme. The great money powers OF
he east had secured the election OF
Mr.. Cleveland. They first spent a large
sum to secure his nomination, and Sec
ond, much larger sum to secure 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 monometallsm. Know
ing that Cleveland was heartily with
them. they desired to create such pub
lie sentiment as would make his sri-
umph with congress easy. First. they
were to press the west for a settlement
of indebtedness. and next they were 20
start the scare over the export of gold.
The movement in gold began early in
the year. 1t was undoubtedly acceler-
ated, and every effort made to magnify
its importance by New York financiers.
The. telegraph wires were daily loaded
not merely with the various amounts
that were going abroad. but with inter-
views with New York men as to what
the effects would be and as to what was
the cause. etc."
Now, Isa't that rich reading2
Just read II over again, and mark
row well the plot has been carried out
But 1t 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.
He issued the proclamation on the
Both o. June.
In his message he recommended the
repeal of the silver purchasing clause
of the Sherman law and that "other
legislative action may put beyond all
doubt or mistake the intention ans abi.-
fly OF tie government to fulfill It's Pc
cuniary obligations in money univers-