The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-10-01
PLOT EXPOSED.
Scheme OF Bankers TO LegisIatc All But
GolA MnncN ont of Existence

Scheme OF bankers TO Legislatc All But
Gold Money out of Existence.
st. Louis, No., September e9.-Chairman
w. 5, Jump of the Commercial Travellers
association OF this city received "a COM
munication tonight from James X. Sow
erT'sl grand master workman of the
hh'shts OF Labor and manage Of the
bryan FREQ silver Campaign Labor Bu-
r."u' IL is In regard to bin now ON
the house calendar of congress-
In part the letter says: ON Deeember
q, l%o, Congressman Walker of MasS,.
chusetts, chairman of the conlmittec on
oanhlng ana currency, introduced n bin
~ 'H ne mouse OF congress. which IS now on
tnc calendar OF the house. TINS bill pro-
NlHes Tor the destruction of all govern
nnVHt money except gold. by authorizing
aue ranks OF the country to resume cur
iNncy REDEMPTION OF All money and In
lk'sur notes in Leu thereof
continuing, he quotes section of tho blli
anu adds; II SHOULD be observed that this
eSctiou practically provides a isansfer OF
the monetary prerUgative of the govern
ineut TO Eeven bankers whose upelsicn
shaIl be fnd, thus taking the control of
me hhancos Of the country out OF the
rants of III government. Radical de.
mAhds OF the bill ara SO dispersed among
rs various sections tina, ohly carefii
stuuy or u can give the reader a correct
uhivrstandihg of Its Righteousness. The
bill mas been Endorsed by the house COM
mittee on banking and currency, and it
70 pass l. through the next session of the
fHiN-t"urth congress. providing MCKINLEY
ana a sufhcicnt number OF congressman
can be elected TO secure its pasaigp IN
the American Banker of New YORK City.
issNc of January $, 1896. appeared n com
,munleat'on from the house committee on
parking ana currency which fully explains
tiie context OF the bill. the motives that
actuated Its Introduction and desirabe
power TINT has stood IN the way of the
bankers IN their persistent efforts Ia dom.
lthtl' the finances the
ommunicfitlon to the American nnnLer
has been printed in circular rccn and sent
o . 70 az ire bankers aud financial CEN
Here MIR, Sovereign quotes the article
from the American Banker and CON
The bill and circular referred TO cmnbn-
size lwo points which the American peo-
nl, should seriously consider IN this cam
First, that tho agitation for tho So
chuen aitglc goid STANDARD Is only a nu-
cleus, aronnd witch 70 "rys .ilze The de
nand Tor z bank auiocrlcy and IN the
line of pending legislation /; must ne adj
miit'd that those WHO are now -uremost
IN me ..glntti9n for what. they enil sound
money IRE In favor IF the destruction
Of all government money nnd the issue
OF bank paper based only upon the assets
OF the banks. which "a the most uusound
money amy country ever hnd.
Second, that the money power fear the
people that twice since Tho war they
have made dctermina ID stand 10 DESTROY
all government money and both times
the schomes have boon frustrated hy lie
masses OF the people It will br noticed
that the hpnkinY Hnd currency cnmmit-
toe docs not appeal to the american poo
pie, does NOT ask that tho question he dis
c'issod on IFS merits. and submitted 10 fhe
voters by allowing them to decide II at
the ballot box, hut they appeal to the
mo-" experienced bankers of the country
IN dcvising come man for tho accomplish
mont of THIS result and then they OK
piaiu why they appeal to The hanlc,rs and
not to ne people Nv saving ma, they do
It in view Of the popular opposition 20 tho
destruction OF goNor1m nj PAPER ncknowl-
cdGiuE that IN order TO accomplish their
puruu"c they are compelled to d.-N ise
some plan to thwart the popular VIII.