The herald., 1896-10-16
THAT BANK CIRCULAR.

Editor Herald: Since the authenticity
of the panic circular of 1893. published
in last Sundays Herald in an article of
mine, entitled Free Silver and Protec-
ton, was denied, have been putting in
a little of my spare time in investigating
and | must say that l have discovered
evidence that shows that it must be true
and goes far to SubStantiate it. In fact,
l have been informed from unquestion-
able authority that circulars of this
kind and probably this very one. are now
in the possession of the government and
on file in Washington and the gentleman
who told me this assures me that he has
seen them himself and has others of a
somewhat similar nature iryhis possess
sion.
What further substantiates the possi-
bility of it's being true is the following
circular known as the "Hazzard circu-
lar" which was circulated confidential
ly" among American bankers by an Eng
lish banker named Charles Hazard
during the summer of 1862. AS to it's
genuineness there can be no question.
Col. Jesse Harper of Danville. Illinois,
has an original copy and Isaac Sharpe
OF Washington, d. c., in letter to Lee
Crandall, says he obtained an original
copy of the circular from Mr.. J. w. Sim
cock, cashier of the First National bank
of Council Grove. Kansas, while acting
as the banks attorney in 1873. and the
same was published by him in the Coun-
Gil Grove Guard. September IS, 1886, a
paper published by him.
THE HAZZARD CIRCULAR.
Slavery is likely to be abolished by
the war power and chattel slavery de-
stroyed. This l and my European
friends are in favor, or for. slavery is
but the owning of labor and carries with
1t the care of the laborer. while the mod
ern European plan, led on-by England
is capital control of labor by controlling
wages; this can be done by controlling
the money The great debt that capital
lists Will see to it is made out of the war
must be used as measure to control the
volume of money. To accomplish this
bonds must be used as banking basis
1t will not do to allow the ''greenback"
as it is called, to circulate as money any
length of time, for we cannot control
them. but we can control the bonds and
through them the bank issue"
The possibility of it's being true is again
strengthened by the following sent out
October 8, 1877, to the bankers of the
country:
THE BANKERS CIRCULAR.
Dear Sir: 1t is advisable to do all in
your power to sustain such prominent
daily and weekly newspapers, especially
the agricultural and religious press. as
will oppose the issuing of greenback
patronage and favors from all appli-
cants who are not willing to oppose the
government issue of money Let the
government issue the coin. and the banks
issue the paper money of the country,
for then we can better protect each other
ITO repeal the law creating national
bank notes. or to restore to circulation
the government issue of money will be to
provide the people with money and will
therefore seriously affect your profit as
bankers and lenders. See your congress-
man at once and engage him to support
our interests that we may control leg
islation. JAMES BUEL.
Secretary American Bankers Asso-
citation, No. PAT Broadway. N. Y"
Col. S. F. Norton, the publisher of the
Chicago Sentinel, and author of that
marvellous little work. "Ten Men Of
Money Island" has a copy of the above
circular given to him by banker in
Bloomington, Iowa.
I take the above verbatim from the
little book entitled "Cold Facts" pub
lished by G. ST. John Cole of Minneapo-
lis, Mimi. and in further proof of their
correstness,I copy the following word for
word from page 33 Of the pamphlet en-
titled Money and Prices" issued by the
California campaign committee of San
Francisco:
NEW YORK, May 24.-(Special to the
Chicago Record.) Henry Clews in his
weekly financial review says: Wall
street has learned to believe that there
are greater potencies than party plat
forms, than legislative subsierviency
to popular ignorance. than the madness
of a partisan infatuation. There are
situations and events which can in
stantly coerce and convert the most
reckless legislators into the most will
ing servants of conservative senti-
ment that represents the real interests
and safety of the nation. 1t will not be
necessary to wait for any further effects
of silver legislation to remedy it's mis-
chiefs, although this would be a per-