The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-05-12
A PAGE or HISTORY
HOW THE GOLD STANDARD WAS
SET Up BY CLEVELAND.
Daniel Manning and Vice President
Hendricks Died of Broken
Hearts.

No sooner had Cleveland taken his
seat than Wall street began to raid the
gold reserve by means of the endless
chain of greenback. Daniel Manning,
secretary Of the treasury, told the presi-
dent that if something was not done the
gold reserve would soon be gone The
Fat Prophet was very icy on this occa-
sion. Manning said he I'm seeking
the advice of some experienced finan-
ciers about this very matter; when
need you I'll call you in"
Poor Manning. He went away brol-
en- hearted. AS he left the presidents
office he met Vice President Hendricks,
who had been waiting in the reception
room. Manning was still flushed with
anger. He unbosomed himself to Hen
bricks. Then Hendricks told him how
the president was in the habit of heap
ing insults upon the vice president, by
room the same as ordinary callers. The
two men walked away together. In
Manning's office they had a long talk
over the treasury difficulty.
III tell you what to do Manning, !"
said the grand old Hendricks when
those Wall street sharks present any
more greenbacks for redemption, give
them silver instead of gold. BY doing
SO you will create demand for silver
and its price will at once go up, and
as that is about the last thing these
experienced fnanciers the president
talks of wish to see, they will not pre-
sent any more greenbacks for redemp-
ton. DO it at once, Manning
Secretary Manning saw the force of
the vice presidents argument. He also
knew the value of time. His determin-
alton to redeem greenbacks with silver
must be kept from the president. That
same night he caused to be printed his
decision. Wall street was dumbfounded
Except a very few who were on the in
side, they believed that Manning was
acting on the presidents advice The
very few were even uncertain. Was
Cleveland a Democrat after all?
The president got his first information
of Manning's action through the news.
papers the following day. He sent for
Manning. The secretary responded
quickly. They had a stormy interview.
Manning was severely rebuked by the
Fat Prophet 1T was against nv
policy said the president, with the en-
phasis on My.
1T was in the interest Of the people,"
returned the secretary 81 believe I
have done my duty, Mr.. President" He
used Mr.. for the first time. For some
years in Albany they had been on most
familiar terms. Again Manning went
away from the White House in a.
troubled state of mind He was heart
sick and weary of public life.
Not long afterwards Manning died.
1t was an ordinary cold, said the physi-
clan. Wise men knew that it was a
tragedy-knew that the man who had
attempted to defend the treasury of the
United States against Wall street Shy-
locks, died of a wound to his patriotism
inflicted by Grover Cleveland.
And in the meantime Hendricks had
preceded him to the grave. Hendricks
too, died Of cold. But men who know
all the circumstances know that Hem
drlck's death was caused by broken
heart He tried to serve his country
first, and died because he could not suc-
ceed. Had he been shot down Wall
streets purpose could have been served
to no better advantage.
Genuine Democrats were brushed aside