The independent., 1903-06-25

/
wAsss
all monopolies, trusts and labor OPP
pressions, the bringing about OF gov
ernment ownership OF the railroads,
and universal prosperity of all the
people. There is no way to do these
things but by increasing the money
circulation to at least $50 per capita
and then as much more as we find
necessary. have multitude of his
toric facts covering the past for hum
dreds of years to prove this. accept
no mans mere theories, not nv own
even. Here | will cite a few perth
nent facts. Sir Archibald Allison s
History of Modern Europe says:
"The suspension of specie payments
by the Bank of England in 1897 led
to the issue of an enormous amount of
irredeemable paper money. The next
eighteen years of the war, from 1897
to 1915, were, as all the world knows.
the most glorious and talen as a
whole the most prosperous which
Great Britain had ever known. Ush-
cred in by combination of circum
stances the most calamitous, both
with reference to external security
and internal industry, it terminated
in blaze of glory and food of pros
perity which never since the begin.
ming of the world descended upon any
nation. Prosperity universal and un-
heard Of pervaded every part of the
empire
nyf tIn oo< >f Io, MI Df e,
payments of 1819-the change of the
financial system from legal tender pa
per money to metal money. was ruin
GUS to all the industries of England
The distress became insufferable and
iE Manchester $4,000 men, women
and children assembled demanding
blood or bread, and many of the peo-
pie were killed and many wounded
by the British troops"
Ana here below are some things
said about this English prosperity
and adversity and about our own
arising much later from a simila.'
cause, by Wendell Phillips in his let,
ter to the New York legal Tender
club. dated August %. 1875 He said:
"History is repeating ITSELF Eng
land never knew more prosperous
years than from 1900 to 1920 All
that time she extended and contracted
her currency without any record
whatever to gold. Her enormous trade
and expenditures were all paper. We
had similar prosperity during the war
and after on the same terms. In 1922
England listening to theorists, tried
IT, put this new wine into old bottles
and bankruptcy. the very history of
which makes the blood cold today,
blighted the empire
eve entered the some valIev of the
shadow of death when in 1865 Nc
Cullough began contraction. Woe TO
the political party which the nation
shall finally pronounce responsible
for this fatal mistaFe. It's leaders will
he buried in curses as men whom
neither history nor their own ex-
perience could make wise"
The foregoing are great. undeputed
English and American historic facts,
ir the light of which the Omaha plat
form of July a, 1892. was framed and
adopted, declaring among other things
ioi thC opCCuy lHCIedse VI JHe GIT
culating medium to not less thon $50
per capita. In 1865 when. as Wendell
Phillips said we had great prosperity
before, Mccullough began contraction.
our money circulation was s57G5 per
capita, all irredeemabIe naper money,
as can easily prove. although great
pains has been taken by hieh govern
mental authorities to conceal from
the people knowledge of the amount
Of our money circulation at that time.
If there is ANYTHING at all to he
learned by the uniform experience of
the past. it is, that If we ore to have
government here that shall be of
the people. by the people and for the
people, instead Of a government of