The independent. [volume] (Lincoln, Neb.) 1902-1907, 1905-01-19

- stSo&ellSO1a14so "a GGBU0Ik0O1e cures
IND Tor Book on Salt Rheum, No. 2.
8. i Hood CO.. Lowell, Moss.
IN z most prosperous and generous
condition; SO much SO that it was pay
Ing 20 per cent premium on it's own
debts until more than SO million had
been transferred to the bondholder in
premiums. Our bonds were good; our
statesmen generous. We had abdicated
our sovereignty and granted to the
money spectators Of the world the
power and privilege to draw on our
treasury at will. They very naturally
preferred United States bonds. to the
corporate securities they were holding.
40 get those bonds 1t was only neces-
Bary to bankrupt the treasury, an easy
thing to do when the volume OF COR
porate securities vastly exceed the
roin supply In the treasury. So they
began to exercise the power congress
had granted them. The drafI on the
treasury for export gold was kept up
t0Itt fuaiiiiy texcept through the har-
vest period) until 1894 when our treas
ury was forced to a bond issue. Five
years before it had SO much gold that
Il was giving away rs million with
every 100 million Of debt 1t paid. Now
Il was trying to borrow back the gold
4 had given away. Fifty millions Of
bonds were issued and more than half
the gold to pay for them was drawn
from: the treasury and paid back in;
and IN q very short time the whole
amount had been withdrawn. and an
other so millions OF bonds were is
sued. Within two months thereafter
69 millions had been drawn from the
treasury. Dating from the first bond
issue to this time 116 millions of dol
lars had been borrowed into the treas
ury and 172 millions drawn out; and
six months later when 162 millions had
been borrowed on bond issues we find
that for that amount Of debt we had
gained in gold in the treasury Just Ia
millions.
At this point Cleveland secured an
agreement with the European money
power (Rothschilds) that they would
take the next bend issue and not draw
on the treasury while they were maxi
Ing payment. Cleveland Is condemned
for this agreement, but he was only
asking them to forego the power which
= congress of knaves had placed in
their hands. The sovereignty OF the
nation had been abdicated; she could
not protect herself. The power was
IN the hands of the invisible empire.
And when the incident was closed the
values In this country had d.
minished one-half; homes were sold.
business bankrupt. banks broke, and q
devastation and wreck which war it.
self could not have produced, pre-
vailed. And the European money pow
er held millions OF United States bonds
IN place of corporate securities and
We had made good all their losses. All
This through the promise Of coin re-
demption and the great statesmen Of
both old parties stand squarely on this
promise. their platforms pledge the
money power Of the world that they
shall have the wealth we produce.
This Is Mr.. Bryan's platform, while |
It the same time he was promising the |
people industrial freedom. which
promise was he going to keep: the one |
made to the money power in the plat |
form, Or the one made on the stump to |
The people. When the IT came be |
stayed with the money rower. chal- |
Ienge these great men to give one
sound economic reason for this prom |
lee Of coin redemption IN our none.
Eary system. II they can not, why is |
y there. and why are they supporting |
4? Il It is necessary, then away with |
ne hypocfitical can't about liberty, for |
there y none and can be none where
thisA promise exists
WeNtoi and produce and save: and |
EheneHer TIE pirates get ready they |
wipe It oVay. When It II over va are !
poorer 80 thex IRE richer. and the |
Ireat statesmen ~ pUt and talk shout |
axln ana silvsr md imp67 7ralsm.
On thjs promise ok cofn TS6e67fjsu
Imperialism rests and can not Exit /