The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1902-12-03
To be continued.
The peODiu Fooled.

Thc People Fooled.
The New York American in Il re-
cent issue. contains financial item OF
interest to the readers OF The Commo-
ner. 1t says: "One of the important
moves in financial circles which has
developed since the election is the ef-
fort to bring about Il change in the
fiscal system Of the government"
There is significance in its further re-
mark that before the election this
matter was not seriously discussed, be-
cause the bankers did not wish to
have it brought in for campaign dis
cussion. preferring to have the matter
taken up by congress without any pre-
vious expression Of opinion by the
constituents Of the various legisla-
tors"
The Commoner very truly says the
paragraphs above quoted disclose the
methods employed by the tinancierS.
al Of their important moves" are
made just after al election. They al
ways prefer ito have the matter taken
up by congress without any previous
expressions of opinion by the constitu-
ents Of the various legislators" Why
is this? The answer is so plain that it
is strange that any one can be de-
ceived. 1t is because the tinanclers
are not willing to take the people into
their confidence or let them know
what is intended in financial matters.
They studiously conceal from the pub
lie knowledge Of their plans, They
set up conventions, and then, after
securing the election Of men secretly
pledged to them they come out and
use the instrumentalities of govern
ment to advance their pecuniary ends.
That the rank and file Of the Republi-
can party should submit quietly to
such impositions is more than amaz-
ing. and yet for more than twenty
years Republican leaders have acted
in coalition with the money changers
and carried out the plans formulated
in the counsel chambers of the great
banking houses. The American pro-
ceeGs to say:
The first gun in this campaign
was the speech of Jacob SchlfI, OF the
banking firm Of Kuhn, Loeb & Co.,
before the New York chamber OF COM
merce. This declaration Of principles
was decided upon at informal confer
ences between some Of the most i'm
portant banking interests Of the coun-
try. In order that the discussion
may not be- too personal in character,
it is proposed to have the various trade
organizations throughout the coun-
try adopt resolutions asking for cur
rency reform. 1t is likely that a COM
mission will be appointed consisting
Of various representatives Of the trade
organizations. to formulate plan
which will be presented to congress at
the coming session. In the further
ance of this plan Frank X. Sturgis, Of
the firm of Strong, Sturgis X Co., OF
the stock exchange, has gone to
Chicago to interest the trade organlza-
tions OF that city in the general move
ment."
AS The Commoner goes on to say
the plans are first decided upon by a
conference between the important
banking interests, y and then. IN Or
Ger to conceal the character OF the
morement-to prevent its being too
pcrsOnal"-the various trade interests
are to be coerced into the adoption of
resolutions asking for currency reform.
To still further deceive the people it
is proposed to appoint commission
to consist Of representatives CT Varl-
Gus trade organizations. The osten-
sible purpose Of such commission
will be to formulate plan to be pre-
sented to congress. but the actual pur-
pose will be to act as cloak for the
plans already made. The principal
aim of the bankers is to secure some
kind of asset currency which they call
flexible. but the trouble with this
elastic currency is that the bankers
want TO hold both ends OF the elastic
and be able at any time to expand or
or contract it. This may be all right
for the bankers. but it is not safe for
the people because the value OF their
property is effected by an increase or
decrease in the volume OF money, and
the hnancirs cannot be trusted with
such almost OmnipOtent power. Hav-
ing insisted that the money question
should not be considered during the
cam paisn. the reorganizing element
of the democratic party is now in posi-
ton to take an active part in forcing
through the scheme Of the tinanclerS.
The corporation democrats who were
SO anxious to contine the campalgn-to
the tariff issue knew perfectlywelI that
financial legislation was desired and
intended by the banking interests,
and vet they willingly joined in the
effort to deceive the voters. On the
money question they are with the re-
publicans both in principle and IN
method and they would make the par
~ 4 Scrvile tool OF Wall street.