Hutchinson gazette. [volume] (Hutchinson, Kan.) 1895-1902, 1896-04-02
GOLD CONSPIRACY.
INSTANCES WHERE GOVERN
MENT INTERVIEWED.
laots That Prove the Cleveland Admin
istratIOR to he "Hand in Glove" with
the Wall Street COnsplrators-Trsa
Stalks Abroad.

/
1t has frequently been charged on
FOOD authority, and has never been sue
Iessfully denied, that the panic of 1898
Sas bankers panic. That the banks
lid preclpitate the panic there is but
little doubt That Cleveland and Car
isle were co-conspirators is perfectly
llear.
The object Of this conspiracy was:
1. To repeal the Sherman law.
2. To secure the issue of bonds.
8. To destroy the greenback and
Fant the banks the privilege of issuing
III the paper money. The tracks CT the
sonspirators are as plain as daylight.
On March II, 1893, seven days after
Grover Cleveland took the oath Of office,
IN an interview with a Times-Star re-
porter, he said:
mo, I will not call an extra session
,f congress. My only object in con-
Tening that body would be to repeal the
silver purchasing act, and that can not
be effected this year. 1t is my opinion
that we shall experience close Aimes in
money matters during the year, and
when congress gets together next De-
Sember 1t will be more reasonable, more
Iractable. It sometimes takes hard
times to bring a people to realize their
condition. When the squeeze comes
the men who stand in the way Of legis-
alton to preserve public confidence will
lose sight Of local theories and senti-
ment and will be willing to join the ma
ority and general sentiment of those
who know best what should be done,
propose to give the country an object
esson."
Mark the words: "Those who know
best what should be DONE" On April 27,
following, the New York Sun, a leading
democratic paper in the east, said:
Secretary Carlisle this evening met
number Of bankers at the residence of
George L. Williams, president of the
Chemical bank. The conference lasted
over an hour. There was the utmost
good feeling displayed.
President Cleveland's advisers have
told him that the only way to induce
he western and southwestern congress-
men and senator's to consent to repeal
If the Sherman act is to demonstrate to
their constituents that they are losing
every day this law remains in effect.
This work In that direction has been
started by number Of the bankers IN
ne solid communities of the east. They
are daily refusing credits to the south,
southwest and west. The Chicago
banks, 1t is said, are carrying out the
same line of policy. Secretary Car
isle, in his talk with the bankers, made
his stand very clear. It is to be heroic
treatment all the way through Of the
Sherman law, and possibly by the next
session Of congress and silver-nine
owners and adherents Of silver In the
senate and house will be ready to con-
sent to repeal of the law. The bank
presidents, replying to Secretary Car
isle, cordially informed him that they
would be ready at all times to cooper
ate with him. Everybody shook hands
and there was harmony all round.
There was perhaps no organized con-
spiracy against the west in the great f.
aancial centers Of the east, but there was
4 general understanding all along the
line that the west should be forced into
line to help the east accomplish what 1t
had so long desired. Politics
and finance were combined in the
scheme. The great money powers Of
the east had secured the election OF
Mr.. Cleveland. They first spent largo
sum to secure his nomination, and sec
Ond, a much larger sum to secure his
election. They knew he was In full
Iympathy with their views and they felt
that now, If ever, they must make the
light for god recommendation. Know
Ing that Cleveland was heartily with
them, they desired to create such pub
lie sentiment as would make his tri-
lmph with congress easy. First, they
we're to press the west for a settlement
IF Indebtedness, and next they were 70
start the scare over the export Of gold.
The movement in gold began early in
the year. 1t was undoubtedly acceler-
lted, and every effort made to magnify
It's Importance by New York fnanciers.
The telegraph wires we're daily loaded
not merely with the various amounts
that were going abroad, but with inter-
views with New York men as to what
he effects would be and as to what was
The cause. etc"
Now, isl't that rich reading2
Just read 1t over again, and mark
how we'll the plot has been carried out.
But 1t was not necessary to wait for
The meeting Of the next congress. The
gold power had things well In hand.
In June they discovered that a bill to
repeal the Sherman law could be passed
and they had Cleveland to call an extra
Iession Of congress to convene August 7.
He issued the proclamation on the
10th Of June.
In his message he recommended the
repeal Of the silver purchasing clause
Of the Sherman law and that "other
legislative action may put beyond all
loubt or mistake the intention and abi,-
lty Of the government to fulfill its pc