The representative. [volume] (St. Paul, Minn.) 1893-1901, 1896-02-26

uOilds Pdiu uIIc uOucy"lcuucEs LUZ III.
terest, will buy twice as much of the
necessaries of life as it would twenty
years ago. England collects $780,
100000 Of interest every year,
from the rest of the world,
as interest on her investments.
Twenty years ago she could have
bought 6OO,0OO,OOO bushels of wheat;
now she can buy one billion t,oo hundred
million bushels of aoheot! Interest re-
duced! The man is a liar.
We quote again:
Second, the available money" for
loaniLg is not primary money alone.
but credit money as we'll. The in
crease or decrease in the volume of
primary money does not affect the in
tereSt rate. If money is scarce,
through large demand for loans.
etc., its volume is increased by the is
sue Of credit money-bank notes-in
all countries. IL the volume becomes
too great, it ought to be reduced by
the redemption Of enough of these
notes. This plan is followed in Eng
land and Europe, but from our defec-
do it as promptly or as largely as
there. AS a result, idle money seeks
investment in other countries and
goes out in the shape of gold.
More fraud. This chap knows very
we'll that the credit money is based
on the possession of primary money.
If.you withdraw one-half of the prim-
airy, metallic money, las was done
when the scOundrels demonetized sill
ver,) the credit money topples down.
What did your credit money amount
to in 1893 when the banks went down
like row of bricks? What does it
amount to now when the whole world
is battling for gold, and we have to
bond the American People into finan-
cial slavery to foreigners to buy the
gold?
In conclusion, we ask again what
benefit has it been to any banker in
the world to have gold made the sole
standard? II the bankers corrupted
| Congress, subsidized the press or pur.
chased public men, how did they get
back the immense sums it must have
cost? The only way for them to make
profit is through increased interest
| rates, and these have leSsened instead
of advanced. Let us have reason.
1t has made every dollar Of money
worth two dollars, because it will
| purchase twice as much of the essen
tials of life as it would previous to
1873; it has doubled the value of every
mortgage by decreasing the value of
the farm and of everything that could
be produced on it to pay the mort
gage: it has established the money
lending class as the monarchs of the
world; it has made Rothschild greater
than people, president. emperor and
car; it has degraded mankind. i'm
poverished industry, crippled enter
prize and subordinated the God
| created human being to an adventi-
tions metallic deposit, in itself of no
earthly use to mankind, except to fill
! the cavities of decayed teeth and gild
| picture frames.
A. S. N, CORN, Mo-, and V. V. B.,
| Charleston, Ark, inquire as follows-the
latter being that of the last named gentle
| man: Yt
''The calamity howlers of this section
| are making a great ado about the part
| Ernest Seyd, London banker, took in
S6CuIlIlS Luc SO-Cdllcu ut1uOuOllAIu6 oCI
of 1873. They claim that he used large
amount of money to secure the passage
of that bill Is it not true that Mr.. Seyd
was a bimetallist and wrote book in
advocacy of the same? And did not John
| Sherman denOunce the charge as an
uEmitigated falsehood in reply to Senator
| Teller, ON the floor of the senate in 1898?
| And oblige sound money Democrat"
The above letter gives the salient facts
as to Mr.. Seyd. He was an English BIZ
metallist, in favor of reaching it by
international action. His efforts were
against the dropping of silver as a
money metal. He died number Of
years ago.
Mr. Seyd was not in the United States
at all during the congress which dis
cussed the coinage law of 1873. Some
three years ago his son wrote letter
fully expressing the falsehood of the
claim that he acted as bribe-giver, say
ing his father paid but one visit to Amer
lea, and that was in 1856. The Blade
published the letter at the time, and full
ly exposed the lying Populist story.
We wish our friends would publish the
inquiry among the men circulating such
lies, as to what any one should use money
for any such purpose? What profit
could they or could they not make out of
| it? Interest rates are lower in every
financial center, than in 1873, and have
been for years. Drive these silly fellows
into their holes.
Ernest Seyd was a bi-metallist and
therefore he could not have spent
100000 of British gold to corrupt tie
American Congress. Let US see.
And the devil, John Sherman's
grandfather), was once an angel of
ight-Uucifer-- light bearer)-
singing hosannahs before the throne
of God; and therefore he could not
have reDelled in heaven, tempted Eve,
debauched Paradise and raised the
d generally.
Judas Iscariot was one of the
earliest Christians; The carried the
bag' before Christ; and therefore he
could not have betrayed Christ to his
death for bride of thirty pieces of
silver.
Benedict Arnold was an American
patriot and lost leg fighting for the
liberty of his country; therefore the
story of Andre bribing him to deliver
up West Point for British gold must be
all lie.
John Sherman went into Congress a
poor and honest man, and denounced