The Caucasian. (Shreveport, La.) 1900-192?, 1907-11-12
FINANCIAL CONSPIRACIES.

The United States is experiencing at
this time the direful effects of hnan-
cial conspiracy of which there have
been several since, if not before, the
Civil War. Not satisfied with the ire
mendous power conferred through the
national bank system, an asset currency
scheme has been devised, and which is
more fully explained in an article in
this issue reproduced from The Com
moner.
At the beginning of the war, the
sharks in New York by combination Sc
cured the control of the gold and silver
in the United States and had plotted to
bleed the Federal government, which
frustrated the designs of these cold
blooded robbers by issuing currency
called greenbacks, which were full ten
der for all debts. . As this currency
was equal to gold and silver for all pur-
poses, there was little demand or use for
money, gold or silver, which the sharks
had boarded bnd controlled exclusively.
To make this boarded gold and silver
valuable and to force it in demand, the
conspirators in 1862 secured an amend
ment to the currency bill which stipulat
ed that the greenbacks should be legal
tender for "all debts public and private
except duties on import and interest on
the public debt which from that time
forward should be paid in coin.
II was through this trick that the
greenback was discredited, until, at one
time during the struggle, it was depre-
ciated to so and 70 per cent, while gold
ranged sky high.
The next scheme of the conspirators
was the National Banking Act of 1868.
Through this system of robbery the
sharks who had deprecated the green
backs were permitted to invest these
greenbacks in government bonds at face
value. These bonds not only drew in
terest payable in advance in gold, but
b. this scheme the sharks actually had
90 per cent of their value returned to
them in national bank notes, with which
they could carry on banking business
and loan money on the most advanta
geous terms.
As it was in the power of these banks
to further rob the people, in the guise
of law, there was passed in 1868 an act
through which there followed the con-
tracing of the currency, which de-
stroyed the greenbacks.
Then came the decentralization of sill
yer, which destroyed the money quality
Of silver ana strengthened the system
which already controlled the currency-I
gold, silver and bank notes.
What is the scheme today?
The scheme in brief is to create a
central bank, to make more complete
and thorough the control Of the finances
BY z few. who, as now, have the power
Of precipitating panic, on the fimsiest
Of pretensc.
# a central bank is necessary, that
bank should be placed in the control
Of the United States government, who
would issue currency notes Of all de-
nominations necessary to commercial
welfarebeing a full legal tender for all
debts, convertible into coin. gold or sill
yer, at the option of the holder.
With the government issuing the cur
rency as i does, its gold and its silver
som. there could be no contraction by
lhe Shyiocks and sharks, as the govern
ncnt would always be ready to meet all
seessary and conservative demands.
root Of the financial evil is in the
banking system, which should
8 tsly oblitcrated, and then
i! yalsions and panics created
snd for speculation would