Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-08-11
THE PEOPLE ARE MIGHTIER THAN
ANY RING.

IHE PEOPLE AXE MIGHTIER THAN
ANY RING.
The recent action of the Wall street
and London bankers in organizing syn
dictate to supply the national treasury
with $25, 100000 in gold TO protect 1t from
raids of the money gamblers and bond
grabbers was heralded abroad by the
godbug papers as most patriotic and
self-sacrifcing on the part Of the bank
ers
The New York World, gold standard
advocate, does not take that view of the
matter and practically charges that the
movement was inspired by selfghness
and the fear that another bond issue be-
fore the election would insure the cleo
ton of Bryan and Sewall-the very thing
they are seeking to defeat.
The people know and The public under
stands the double purpose of the sehen.
of the "sagacious and patriotic banks to
be, first, to defeat the candidates OF the
democratic party, and, second, after the
election. to raid the treasury, deplete it OF
its gold and then force another bond is
sue, to be gobbled up by them.
These "sagacious and patriotic bank
ers" know that their repeated raids upon
the treasury for the purpose Of forcing
bond issues--which they purchased at
ruinous discounts--have done perhaps
more as IAN object lesson" than anything
else to demonstrate the iniquities of the
gold standard and arouse the people to a
realizing sense of the danger to their
prosperity and liberties which its perpet-
uatlon involves. and they know that an
other issue before November would
make the election of Mckinley impossi-
BILE. They know that If Bryan is elected
this Infamous business of bartering the
nations credit and honor to "a few finan-
clal magnate will be psremptorily
stopped, and there will be no further OPP
portunities for them TO fleece the govern
ment and<continue TO rob and impoVerlsh
the people under the operation of tho sim
Gle gold standard and prohibtory tariff
laws; but thai IL Mckinley is elected
there will at once be inaugurated sat
urnalia Of extravaganza and proi1lgaey IN
the administration of ma ttonal affairs
without parallel in our history, of which
they and their associates will be the sole
benefclaries, and the great mass or the
people the helpless victims; and for TINS
reason and purpose they are contributing
in every way possible. In exchanging
their gold with the government for its
Treasury notes they are simply playing
politics. endeavoring to avert disaster
no Mckinley, who. IL elected, would be
their willing agent and plant tool, and
mace themselves 10 position of ahso-
luie control OF the financial affairs of the
nation until next March II he is defeated
indefinitely il he is elected.
>t.li, x,tifh g.
partment they receive in exchange for
fhelr gold only such Obligations OF the
government az, under the present admin
istration of the treasury department. VIII
be recognized as payable in and for
which they can demand gold. They are
;hus accommodating an immense fnnd
with which to raid the treasury and force
The issuance OF as many bonds as possi-
bile before the expiration of the present
administration; so Notwithstanding the
"sagacious and patriotic action of the
International gold conspirators another
bond issue Is only a matter or time
THESE yreckers Of the nations honor
and credit started out more than three
wears ago to force the government to sell
toem $500 600. 900 of United states bonds
at shylock discount. They have alteady
succeeded in purchasing $262.0oo,ooo or
them at figures to suit themselves ana
nothing can prevent them securing the
nalance before March 4, 1897.
The effort of the "sagacious and patri-
otto bankers" to deceive the people and di-
vert them from their determination to
restore the financial system existing prior
10 1873 comes too late and will tail. Had
there been an earlier and more timely
display of their alleged patriotism" it
would have been less subject to suspi-
cton, aud probably the money power Of
tho country would not now be confront
ed with thu must lrrepressible and irre-
s,stiblc uprising for financial reform and
the overthrow Of plutocracy of the nine,
iecnth century.
The financial wreckera and buccaneers
oil America and Europe were long age
warned, even by their own organs. or the
revolution they were preclpitating. As
sally as January last The New York
World. speaking OF their raids upon the
lrsasui,. admonshed them as follows:
'Woula ]. not sgsm that common sense
and selr-intetest. not TO speak of patriot
ISM. IN tbs BANKERS would compel them
IN bow to the will of the people. aban
dor their pool and join With the people
az ;ae support of the national credit and
tie national honor? Can they doubt that
me people of this republic are niehtier
THAI any ring of selfish purse potentates,
that the people will rule, not the purse
potsntates?
This. arrogant money power, bl:ndcd
by selisiness and pride OF wealth, will
tI1 vel not to force the issue. For II the
jrsue IL Joined the end is sure. The
people will triumph, And II 1t