Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-10-22
Comments on PETERS Speech.
Continued from first page.l


said decline. Do the ndvocntes OF
free coinage object to our dollars
being kept sat,rqual purchasing pow
er? PETER didn't. But he wanted
to create the false impression that
dollar coined on private account un.
der free coinage would be just as val
liable as one coined on government
account from billion bought at the
market value and hacked by the
government.
He said he would trace the foot
prints of "a conspiracy and then
spoke OF the suspension OF specie
payments, issue Of greenbacks, re-
funding the national debt, credit
strengthening act, resumption OF
specie payments, and other national
measures, insinuating ;tll the time
that III all these some dark mysteri-
Gus crime was being perpetrfted up
on the people. We have not the
space in this article to explain these
acts, but we advise all wishing relia-
ble information upon these matters
to read Blaine's book, Twenty Years
i'll Congress. where they are fully dis
cussed. They were all passed openly
and above board and for the benefit
of the people. blaine was in public
life when tile measures were passed,
and knew all about them. Further
more we have more confidence in
Blaine than in this bla thering igno-
ramus, this long-whiskpred freak
from Kansas, who is more fit SUBJ
ject for dime museum than Il legis-
lator in Congress. We should not
have referred to his whiskers had he
not been vain enough to do it in his
speech.
In discussing the Sherman law,
withdrawals OF gold, the late bond is
sues and the panic he misrepresented
and falsifed. He claimed the bank
ers in New York had formed a. con-
spiracy to withdraw gold from the
treasury by presenting greenbacks
for redemption, and afterwards to
compel the government to borrow.
the gold back toreplenish the reserve.
Ii that were true, why did not the
bankers draw out gold prior to
1892? During all the years from the
resumption OF specie payments in
1879 to 1902. less than 35 million.
dollars in :greenbacks were presented
for redemption, but since 1892 more
than $50 million dollars have been
presented and redeemed. Why did
the bankers wait Ii years before they
began to attack the reserve, and
compel the Government to issue
bonds? Peffer's charge is most alb
surd and false. Ii he had been anx-
ious to tell the truth he would have
told us that he and the silver agita-
tors in Washington are mainly re-
sponsible for the withdrawal OF gold.
The panic of '93 was caused by the
fear that we would go to Il silver ba-
sis owing to the enormous infusion
OF silver into the currency by the
Sherman law and this fear was inten-
sitied by the treasury deficit which
necessitated using the gold reserve
for the payment OF current expenses.
The fear of change of standard
caused the return OF large patches Of
our securities held abroad, and with
an unfavorable trade balance, neces-
STATED the expectation OF large
quantities OF gold The SHEAF does
not care to defend the bond issues of
the Cleveland administration. When
the Republicans were in. power they
paid of on the national debt contin-
ually. Under the circumstances,
however, we believe the late loans
were necessary in order to maintain
the public credit and the parity OF
our money PETER 1nisrepresente and
lied when he said there was money in
the treasury and that the loans were
unnecessary. By direct and implied
legislation OF Congress, and by the
understanding Of the people a 100