The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1896-04-23
FACTS ON FINANCES.
EDITOR FLOWER, OF THE ARENA,
WRITES A STRONG LETTER
On Til Important Issue Now Before
the People of the Country, "Sound
Money" Is Only Another Name For
Dishonest Money.
fAtIanta Constitution. |

BosroN, Mass, April 6.-Editor
Constitution: | wish to congratulate
you upon the brave and patriotic stand
taken by the Constitution in behalf Of
the wealth creators of America; and in
using the term "wealth creators" | do
not mean merely the industrial mil
lions as popularity understood, mean
all persons engaged in legitimate bust
ness, whether they be manufacturers,
mere hants, farmers or artisans, or any
other persons engaged in what may
truly be termed legitimate business.
You are right when you state that
"the republican party Of New York
and the present administrator are ore
| and the same on the greatest issue now
before the people," They are vielng
with each other in servility to the
Bank of England's financial policy
and the tory class of America. A
small coterie who call themselves
flnanciers, because they have succeeded
in wrigning millions of unearned
wealth from millions Of struggling,
toiling, industrious men and women
throughout the United States, are now
seeking TO entirely subvert the repub-
lie and to establish an absolute plu-
tocracy. AS long as the democratic
party was true to the principles of
Jefferson and Jackson, the trusts, the
monopolles and the gold power had
little hope of trlumphlng, but when an
administration claiming to be dem
ocratic Hamitons Hamilton; when
an enormous bonded Indebtedness is
saddled upon an already impover-
lshed republic, which, under a just
and honest financial system would today
have been enjoying prosperity far
greater even than that which marks
our sister republic of Mexico; when a
president claiming to be a democrat
in his inaugural address declares that
"the trusts must CO. and forthwith
selects the attorney for the whis-
key trust 10 enforce the anti-tru
plank of the democratic platform
upon which he was elected, what
hope have the industrious, honest,
hard working millions of the south
and west if they continue longer to
bllndly worShip at the shrine of Alex
ander Hamilton and his legitimate
successors, who are controlled by the
Wall street gamblers and the Bank
of England? An illustration which
striklngly emphasizes the point which
you made in one of your recent edito-
rails showing that "the cuckoo demo-
Gratis and the republican party were
one and the same to the twist of
hair and the turn of feather,' is
shown in the following incident which
occurred some time ago:
\ reporter on the Boston Journal
the most radical republican organ of
Boston had probably stumbled on to
the Val Street Nezos article ridiculing
Mr.. Cleveland's inaugural address in
which he declared that "the trusts
must CO." The Wall Street Nezos
stated that this declaration had con-
siderable merriment in Wall street,
where it was known Mr.. CIeveland's
most intimate friends and associates
were connected directly or indirectly
with the great trusts. 1t said: "The
trusts must go. Yes, but when? Not
during the present administration"
SO this reporter hunted up Mr.. Oh
ney's recor !, and found that the man
Mr.. Cleveland had selected to carry
out the fulfllment of the democratic
plank which contributed SO largely to-
ward winning the election for him,
and which pledged the party to en-
force the antitrust law, was a man,
who, as attorney for the whiskey trust,
had filed nine demurrers in Boston,
claiming that the anti faust law was
unconstitutional and void. These
facts were laid before the editor of the
Boston Journal, but to the reporters
surprise the Journal refused to pub
lish them, because as l was informed.
1t stated Mr.. Olney was not only
Boston man, but he and Mr.. Cleve-
land were with the republicans on the
great issues of finances. The reporter
then gave the facts to gentleman
connected with the Boston 7raveIey,
another republican paper, who wrote
up an article for that paper. The
proprletors of the 7ravel2ey, SO | was
informed, discussed the question at
length, as to whether they would make
a great sensation by publishing it on
their front page with double headlines
or whether they would give. it an in
significant position. Finally they
compromised on the latter. l cut out
the article and sent it to the New
York Iporla, calling attention to it,
as explaining the reason why their
constant urging of Mr.. Olney to pro-
coed against the trusts, as the demo- |
cratic party had pledged itself to do,
was being ignored. The IVo,LH took |
up the question, and for a long time
carried on hot fire, making terrible
exposition of the hypocrisy of the
present administration. Within the
last few weeks, however, the Woyld
has swung into the gold column, and
is now as zealously engaged as are the
republican organs of New York and
in working for mono
You are right when you state that
"the financial issue is the most impor-
tant and the most vital before the
people to-day. 1t must be settled and
settled right before the people can
obtain fair prices for their products
and labor and enjoy prosperity" JUS
tlce Walter Clark, Ii. D., of the su-
preme bench of North Carolina, who
has recently visited Mexico and spent
several weeks there, declares in a let