The Penn's Grove record., 1896-10-09
GOLD 2Suld0|d.
Singerly a Gilded Fiend.
Vote for Home, Sweet Home,

Vote for Home, Sweet Home.
After England conquered Napoleon
Bonapart, he said, 81 have met and
conquered all the allied armies of Eu-
rope, but England's paper money sent
me to st. Helena" England issued so
much paper money that it deprecated
to SOC. on the dollar in specie. Sir
Robert Peel, a rich manufacturer in
vested largely and when the war was
over he was one of the heaviest holders
of the National debt. His son Robert
Jr., and a Jew banker named Ricardo
were in Parliament and in 1919 they
forced a bill through which demonetiz-
ed silver and resumed specie payment
OIL a gold standard. Old Robert who
stoutly opposed it said to his son, "Rob-
ert you have made the fortunes of your
family, but you have ruined your coun'
try" 1t was so. Bonds went up but
factories and the productive property
went down. They sold their bonds at
par which cost 40 per cent and bought
real estate at one.quarter or one'iifth its
value. This is the secret Of the great
landed estates of the Peel family and
others in England. Factories, farms
and mines made without marketable
value until they came to " them too
and set industry In motion.
Allison, the historian says, 'tlle in
dustry of the nation was CONCEALED as a
stream in arctic winter. The Govern.
ment revenues fell off 70 millions. The
effects of the contraction of the cnrren-
cy the next three years caused ceaseless
distress and suffering, wages fell one
half. Land sold barely as much as for
the mortgage and owners were stripped
Of all and made beggars."
D~oubleday's history says, "We have
already seen the fall in prices produced
by the immense narrowing (contrae-
tion) of the paper circulation. The dis
tress, ruin and bankruptcy which now
took place were universal, affecting the
great interests of both land and trade;
but especially among land owners,
whose estates we're burdened with
mortgages, etc., the effects were the
most marked, and out of the ordinary
course. Before the close Of the year
1919 the distress became insufferable.
Great meetings were held throughout
England and Scotland during the sum
mer. In August, 10000 people assem-.
bled near Manchester. A collision &C.
CURED between the people and the
troops, In which a number were killed
and many wounded. This created in
tense excitement, and the meetings of
the people held in Liverpool, York,
Leeds, and various other cities, were
atten led by vast multitudes of suffer.
ing people, demanding vengeance. Ser
iOus riots occurred, which we're only
quelled by military force. In 1920 a
conspiracy was discovered which had
for its object the murder of all the
Kings ministers and was only frus-
trated through the cowardice of one of
the c~onspirators, who betrayed his as.
sociates. Military training went on
among the people, and the Government
was obliged to provide a large military
force to prevent an outbreak"
Sir James Graham says, whether
we regard private debts or public bur-
dens, the effects of the measure of 1919
have been to enact that for every less
sum owing, a greater sum shall be paid.
Falling prices. But pecuniary engage
ments remaining the same-the farmer
has no profit, the manufacturer no cas-
toner, the ldJOrer no employment. But
amidst the ruin of the farmer aud man.
ufacturer, AND TILE INSTRUCTIONS
OF THE PEOPLE WITHOUT BREAD AND
WITHOUT WORK, n class llourished
and was triumphant; the annuitant and
the tax eater r~ejoiced in the increased
value of money; in the sacrifice of pro
ductIve industry to unproductive wealth
the victory of the drones over the bees
Such, my good people, was the effect
in England of the policy invented by
Peel, and since the introduction of the
PEEL POLICY 10 American finances, we
have seen the anne sad picture.
In 1895 Balford, the English bimet-
talist was appointed Lord of the En-.
glish treasury which made American
bimettalist have hope. On June q,
1895. the Philadelphia Record a Gold
Trust paper run by VIM. Singerly said,
"And when the sauguine free silver ex-
horters shall start their dance over the
appointment of Balfour to be First
Lord of the Treasury, they should not
forget the policy invented by Peel is
likely to be maintained, continued and
extended"
Marshall V. Hartranft in his book,
"DolIar Crop" says:
"How plain that language is? What
a blast to the hopes for International
Bimetallism to restore the money vol.
ume of the United States. A country,