The Washington herald., 1906-11-15
PHOEBE COUzINS PROTESTS.
St. Louis Woman Says Our FiHancia
System Is Being EurOpeanised.

System Il Being EurOpeanised.
/ To tbs Editor Of the Washington Herald.
Il was my especial good luck to be In
/ St. Louis wheHthe bankers convention
met there recently, and to note the dis
/ cussiOns on our finances-which have
finally evolved into this commission, now
sitting in solemn cOnclave here.
/ According to the report Of one Of the
daily papers at St. Louis this important
subject Of elastic currency" was given
one hour on the closing day OF the con-
/ ference. for debate, and the work OF that
sixty minutes was devoted largely 20 an
other subject II is supposed, therefore,
I that the members Of this commission were
clothed with amplitude Of powers sub
I rosa 10 represent that body, since there
was no public opportunity given 10 the
rank and file 10 express their sentiments
or discuss its merits.
/ Reading carefully over the report which
I IS TO come before Congress / find il Is
I the self same plan which has been steadi-
/ ~ advanced at every bankers cOnven-
/ ton for these many years, wherein Con-
/ gress IS TO be asked 10 abrOgate the Con
stitution and place in the hands OF d
/ plutOcracy the right 10 emit bills Of
/ credit and to govern through a cen
tTal bank" the whole potential question
I Of our finances, which by the grace II
/ the noble founders Of this Republic, was
/ placed irrevOcably in our supreme law.
: A. ID. Stickney. president Of the Chi
/ cago Great Western Road, came out fiat
I footed in a former bankers convention
and stated that this central bank" idea
was initiative OF the Bank Of England
and actually extOlled the system which Is
I 10 place in a despOtiC form the finances
I Of this American nation
And now we have a little Jack HOr-
ner." who was dug out Of obscurity by
l Lyman Gage. presenting the plums from
1 his pie. which he Is distributing for the
I big wigs Of Wall street behind him-Frank
EandeTliD by Dame-whO tells US that he,
with a lettre de cachet. has been all over
1 Europe, grasDing in a few weeks the
methods Of the Old World. and finds the
/ systems Of despOtic governments SO far in
| advance Of this country, and so admira-
I bly, adapted 10 a free people, that he. too.
approves Mr.. Stickney's plans-and cries
[ God save the republic through a second
Bank Of England on American shores
I From 1861 TO 1865 this nation was in the
thTOes or a struggle for its life. Did either
friend or foe furnish an elastic curren-
/ cy'' 70 save IL from destruction or lend Il
4 security 10 pay the bills for that enor-
NOUS expenditure Of life and property?
/ Not one, Through its sovereign right this
/ Republic emitted its own bills Of credit.
and gave US an elastic currency which
saved the day and has never been repu-
dated by the people-the immortal green
back.
But now. in times Of peace and prosperi-
I ", 10, the banks. which could never have
drawn the breath of life save by and
through the majesty and consent of this
secured republic. come forward to exploit
the mOthods Of European dynasties. whose
vaults OF gold and banks Of bonds and Sc
CUTities, are Cemented in every stone Of
I their building by the crimson tide of the
soldiers hearts tribute, in war. OF the
bloody sweat Of the poor, defrauded toier,
in peace.
In 1894 while en- route to the Pacific
Coast, I chanced 10 stop at Denver, and
there heard Senator John NJ ThurstOn, Of
Nebraska. read a letter sent by Senator
Don Cameron. Of Pennsylvania, TO the
Young Mems Republican League. then in
session.
It was an appalling prcphesy of the loss
of our liberties. through a subservient fol-
lowing Of European financial dictation,
chiefly that Of England.
one sentence burned itself into my brain.
Don Cameron said: THE bankers of
England have said We must submit, and
We have submitted.
England holds US more closely TO her
allegiance to-day than she did in I776'
How cunning this English encroach-
nent has been fulfilled can now be seen
by the presentation Of her methods In
this appeal to Congress-which vitiates
and violates the Constitution of a free
PEOPLE by an attempted destruction Of the
supreme law. which reads That Congress
alone shall coin money and emit bills OF
credit"
And we have the spectacle of this na-
ton, after i26 years Of freedom. subseT-
vientIy copying the brains of aristocra-
cies and monarchies across the seas for
our financial undOing. while its subtreas-
uries, are filled to bursting with gold
and Silver coin. amply sufficient TO cover
all expenditures OF the government and
meet every want of the people. kept there
IN violation of law-since not a line Of
the statutes authorizes the retention OF
one nickel of any kind Of money as
reserve fund. For the redemption of for
eign blood-suckers. graft and securities. is
fraud throughout
You viii find in the issue OF a period
ical called The Nation" OF February L.
1915. Baron ROthschild's cOngratulatory
Telegram 10 secretary sherman on the
borrowing Of q hundred million for the
cunning trick of a return 10 specie pay
inent. hoping the renewal of relations with
England would be 'eminently satisfac-
tory" Since England failed in her ef-
forts to destroy this nation, during the
civil war, how "eminently satisfactory
are the results to her now can be seen
in Don Camer0ns letter OF warning.
Baron Rothschild's ipse dixit is the only
authority for the retention of a reserve
fund in our Treasury of a hundred mil
lion
The press announces that the currency
commission is holding its sessions be
hind closed DOORS
The time is rapidly coming when "clos-
ed doors" by the servants of this soy
ereign people will no longer be tolerated.
and an open door" for the entrance of
free men to inspect and review all that
which appertains 10 their welfare and in
terests will stand ajar, with the blessed
air OF liberty to keep its hinges alert.
A convention OF bankers IN ST. Louis,
with only remnant of sixty minutes al
lowed 10 discuss this vital question in
the open-and a packed commissioners
hind closed doors-at the Nations Capt.
tal-smacks of the unsavory collar of
serfs to aristocrscies. and the American
free men will have none of il.
PHOEBE ". CouzINS.
Washington, Nov. IL