The Advocate and news., 1898-03-30
Closing Act OF a Great Conspiracy.

NAAN
ness Of the men who speculate In gold.
The news that came after that article
was written, giving details ol the new
currency bill, Is Of most dangerous
character, though 1t Is altogether prob
able that the people are so much occupied
with the 10-cent war ahead Of us that
they will pay no attention to this mas
terpiece of spOliatiOn. It Is the last act
in conspiracy to bring the working
force of the country under subsection to
the power which moves the money that
controls the affairs Of the world"
Ever since the time when Parliament
promised to reimburse the goldsmiths OF
London for the value of their gold taken
from the Tower by King Charles, the
people Of Great Britain have been ruled
by the class Of men that lent money to
the King and then set up banking on the
debt.
WellingtOns success at Waterloo re-
stored hope to English capitalists, and
they aVailed themselves of the common
rejoicing over a prospective peace, to
quietly change the monetary system OF
the country from a silver standard to
gold, and the harvest reaped was rich
beyond estimate, though gathered and
garnered by men who had not sown. The
gains to the great lenders of money were
enormous through the appreciation OF
gold and decline Of property values con-
seQuent upon resumption Of specie pay
ments, we're made up OF losses sus-
tained by the men that toiled In the fields
and factories London money lenders
first conquered Britain and then set out
to subdue the rest Of the world. Now
they are celebrating their later victories
The monetary conference at Paris In
1867 reported, "a to IL, that q gold stan
dard was the only thing that could bring
about monetary unifcatlOn Of the
world, and John Sherman returned from
his labors in that body TO complete work
already begun in his own country. Sus-
pension of specie payments by the banks
in 1861, the passage Of the national bank
act in 1868, the more elaborate measure
the next year taxing the State banks out
of business, and the continuous prom
ising of the treasury officials that some
day the government would resume coin
payments-all these and more had made
Mr.. Sherman's way easy. So, on the 9th
day Of January, 1858, he introduced q
bill in the Senate-"A bill In relation to
the coinage Of gold and silver" provid-
ing for change in the weight OF our
coins to make them correspond to the
French coinage. The silver dollar was
to be dropped, the half dollar to be the
largest silver coin, and the legal tender
R,,unkTcus 10 tha Si1vyar nnlua ahnAtlh hA
limited to sums Of $40.
The bill was referred to the Committee
on Finance, Of which Mr.. Sherman was a
member, and in due time It was favora-
bly, reported by him, accompanied with
arguments to sustain It's provisions. That
was five years before the ''crlme Of '73''
was consummated. Indeed, beginning
with the outbreak Of the war In 81, the
footprints of the men who ran gold up
to 2.S5 in July 1864, are plainly visible
In our financial legislation; and In the
meantime all the strong nations except
Mexico have followed Britain's lead and
adopted the gold standard.
And now, In the face Of probable war,
when money will be in demand and ex-
pended with lavish hand, we have at the
head of the Treasury Department a great
banker who, before his selection for that
important position, found 1t convenient
to publicly announce that he was not
tainted with the 'sllver craze" that he
favored the best money--the worlds
mOney--the only money that has the
Almighty's mint mark upon 1t, and who,
since his induction into his high ONCE,
has been assiduously at work on Ideas
which are written out in the framework
of the new administration currency Dill.
Along with these favorable symptoms
come kind expressions from our ancient
cousins across the sea, renewing friendly
suggestions of perpetual alliance Of
fenslve and defensive, between the
United Kingdom and the United States.
Government or Bank Paper Which ?