Mexico weekly ledger., 1896-10-01
]. N. CROSS.
An Open Letter ON Political
Affairs.

AN Upen Letger ON Foiltlcai
Affairs.
To the Editor of the Ledger
MEXICO, No., September 25.--I no.
tice that the National Bankers Asso-
citation has degenerated into McKin-
ley aid society. In their recent meet
ing at st. Louis they threw of all dis
guise; touched very lightly upon the
business principles upon which the
association was founded, but spent
their time in pronouncing anathemas
against the people for questioning
their methods and calling upon the
Lord to deliver them from the just in
dignation of an outraged people.
Their rotten platform contains this
| clause: 'We declare that the free
coinage of silver means monometal-
lism with gold at premium, all other
forms of our currency at discount,
and the value of the dollar, an unoer-
tain quantity depending each day up
on the gold price of silver bullion,
with corresponding fluctuations in the
value of all kinds of property
Such bosh! The men who adopted
this platform do not themselves be-
ieve that the fluctuations in the value
of property viii be greater or more
disastrous under the free coinage of
silver than it is now under the gold
standard. And did they not know
that in this declaration they make an
admission fatal to the goldite conten-
ticn7 Take that notice they say the
price of silver carries with it sscorres-
ponding fluctuations in the value OF
all kinds of property" just what we
have contended all along. The Lord
is with US, for he is putting our argu-
ments into the mouths of our most
vitriolic opponents. Witness this and
the recent declaration of Secretary
Carlisle, stating that it is probable
that gold will be paid out by the Treas
ury for silver, thereby creating un-
limited bond issues.
They say also: eve believe that
before the mints could begin to coin
silver every gold dollar would disap-
pear from circulation, thus violently
contracting our currency, etc."
These would-be sages very well
know that gold is now out of circula-
tion and that in consequence we are
now suffering from a violent contrac-
tion of our currency.
They say: eve denounce as utter
ly false the claim that the gold stand
ard is device of bankers, creditors
and financiers. They have no such
power in human affairs and never
had" Don't these men know that
the people know that these statements
are as false as Satan? At whose de-
mand was the gold standard adopted
in England in 1s167 Whose work and
influence degraded silver in other
European nations at a later date?
Who demanded the adoption o
the gold standard in the United
States and by whose consum.
mate skill and chicauery was silver'i
downfall achieved? At whose dicta.
ton does the present Secretary of the
Treasury exceed his authority and pay
out only geld? With whom do Cleve.
land and Carlisle confer in consum.
mating their merciless schemes te
bond their fellow men? Any reader
knows that the answers to these ques-
tions will be simply, bankers, credit
ors and financiers, the very characters
whose innocence with sacreligioue
solemnity they proclaim.
Again they say: "We assert that
mere money changers have always
found more profit in fluctuating than
in a fixed currency, and that one
source of revenue, which those who
thus handle money always had when
the currency was not stable, has been
closed up in this country by the m
fluence of the gold standard, and that
what they have lost from such reve-
nue. has been gained by producers and
merchants" In other words, they
assert that the gold standard has made
bankers profits less (for they are
money y-changers as well as trusted
custodians of the money of the world, ,
as they claim and at the same time
has enhanced the profits of the pro-
ducer and the merchants. Woe unto
such falsifiers! What merchants or
producers are benefited? Only few
whose chief interests lie In the SER
Witty of cheap labor or in Investments
in stocks and bonds.
The speech of the president of the
association is a notable document
notable for the assumption of superior
wisdom, patriotism, intelligence and
honesty for the bankers and the re-
verse for those who advocate free sill
yer. He became SO wrought up that
he declared: "And we should be ready
and willing to defend this sacred cause,
il necessary, with our lives" No, no,
Mr.. Pullen; you didn't mean sour
lives.n You simply meant that You
and your co-workers would stand
ready to put up the necessary
to hire Tories and Hessians to
do your bloody work. Your hypo-
critical cant, invoking the good
Lord to deliver you from the lawIess-
nsts, anarchy and ruin which the free
silverites are trying to bring about,
might as well have been spared until
the dread summons shall come to
you, at which time perhaps you may
be called upon to take a peep ut the
misery you have wrought.
The student OF history notes with
alarm the tendency of the times. The
Bankers Association has taken a bold
step, revealing the full intent of a
moneyed oligarchy. They have thrown
down the guage and IL we do not take
1t up promptly woe unto Us. The man
who breaches inactivity and indiffer.
ence now is q traitor to his country
Let's be on the alert ere our birth.
right be stolen. English greed meetl
a hearty response In many q TorJ
breast. Watch them. ]. N. CROSS.
| Crawford-C CLAYTON.