The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1896-06-26
Boarding and Day School for Young Ladies
Rev. FRANCIS A. SHOUP, DID,, Rector.
The Wall Street Bullies.
Nashville SUM-

Nashville SUM-
In letter to the Sun a few weeks
ago / showed from a book, written
and published by responsible parties,
that a meeting was held at the home
of Geo. w. Williams, the President
of the New York National Bank, in
which twelve presidents of New
York banks, the Secretary of the
Treasury, Mr.. Carlisle, and two
other citizens participated, and in
which meeting it was distinctly
agreed -four days before the panic
of 1893 was brought ON that a panic
should be inaugurated at once as a
means of causing Congress to repeal
the act requiring the Government to
coin certain amount of silver every
month. In the hook, written by Mr..
Shuclen, who was the private secre-
tary of Mr.. Chase when he was
Secretary of the Treasury, and pub
lished by a responsible company of
gentlemen at Chicago, the purpose
and the action of the meeting are
fully shown. The author shows
what hotel Mr.. Carlisle was at, the
gentleman who was sent to accom-
Ddly llllll, Vic NClN anu bllC lllIt vi
day, the room they met in, the full
names OF every man present, what
was said by the bankers, and that
Mr. Carlisle assured them that if
they inaugurated this panic they
could be assured the President
would not disapprove their action.
The letter / wrote has been read
and commented on, and the book
has had wide circulation, and as
far as know there has been no de-
nial of the facts.
Now, l propose to show by other
evidence just how rapidly we are
passing under the dominion and
control of Wall street, and what
Wall street claims it has the power
to do and what it proposes to do.
Senator Butler, of North Carolina,
and Senator Allen, of Nebraska, ex-
posed in the United States Senate, a
few days ago, circular issued by
the American Bankers Association
on March %, 1896, which in effect
commanded all bankers and theil
influence to control both the Demo.
cratic and Republican conventions,
and have a gold standard policy
adopted.
This circular has called forth q
most spirited and timely reply sign.
ed by the General Master Workman
r. r. Sovereign, the Secretary and
Treasurer, John w. Haynes, and
the entire Executive Committee il
which they say among other things
"The Bankers Association have
issued their call for recruits TO helI
enslave the people of this country
to the money lenders of Europe anC
America. The Knights of Labor
propose to meet the issue squarely
and we hereby appeal to the far
mers, laboringmen and Legitimate
business men of the United States
to unite with us and use their com.
binet influence as citizens t
rescue the United States from the
clutches of the Gold Money Shy
locks whose existing gold standard
(eXisting since 1888 has brought il
that brief time, more of misery
hunger and ruin, to the people o
this country than all the wars anC
pestilences we have suffered sine,
the foundation of the Republic"
Henry Clews, who speaks for Wal
street, in his circular letter issueC
May. "a, 1896, says:
wall street is not in any degree
insensible to this crisis. 1t can un
derstand that the danger may reacl
an acuter stage than itnow presents
it squtte prepared for the possibility
that managing politicians may g
further than they have yet dared II
the way of sacrificing sound-mone.
policy in order to secure votes 10
their candidates; it is aware tha
startling results may come out o
either of the party conventions;
would hardly be surprised shoull
the silverites be able to block sound
money legislation in the Congress
all these things may be classe'
among the possibilities of the mex
few months. But Wall street ha
learned to believe that there ar
greater potencies than party plat
forms, than legislative subservienc
to popular ignorance. than the mad
ness of a partisan infatuation. Ther
are situations and events which ca
instantly coerce and convert tn
most reckless Legislators into tn
willing servants of a conservatlV
sentiment that represents the rea
interests and safety of the nation
1t will not be necessary to wait TO
any after effects of silver legislatio,
to remedy It's mischiefs, althoug
that would be a perfectly saf
course. The near prospect Of tn
authorization of free coinage
counting of heads showing a certain
ty of two-thirds vote in the Hous
and Senate for Is to would evok
in Wall street the kind of condition
that no Congress has ever yet dare
to disregard, and the cause of fire
coinage would be overthrown at tn
moment when its success SCENE
most certain. 1t is this reserve
power on which Wall street is no.
reposing."
The Banner Of yesterday seems e.