The Jeffersonian. [volume] (Atlanta, Ga.) 1907-1917, 1910-02-24


peoples assets and substituting
therefor the same amount of interest
bearing debt These cremated green
backs, too, which were infinitely bet
ter than the bonds substituted for
them, because they were cash, were
bought at fifty cents on the dollar by
the public creditors, domestic and
foreign, thus doubling the value of
their property at one fell swoop with
out one cent of value received.
Next comes the conspiracy of
bankers and fnanciers in Paris In
1857, where it was secretly deter
mined to put the United States upon
gold monometallic basis, again
doubling the value Of the property
dishonesty acquired before by the
creditor interests, and John Sherman
was hired, as Benedict Arnold was
hired, and for the same traitorous
purpose, to betray the people. This
was achieved in 1878 by the act of
Congress surreptitiously and deceit
fully dropping the coinage of the sill
YER dollar. AS soon as this treacher-
Gus act was detected by the people
after several years, for nobody but a
lot Of bankers and financiers and
John Sherman knew what had been
done, Or the inevitable effect of what
had been done, an effort was prompt
ly made to reopen the minis to it's re-
coinage, and in one campaign a.
600, 600 votes were cast for the
restoration of bimetallism (see the
platforms Of every political party up
to 1904) and only $4,000 palmer
& Buckner) against it! And yet we
didn't get it! And this is called a
government of the people!
The ultimate effect of the act of
1873 was to depreciate the value of
silver bullion SO per cent. AS
neither the United States nor any
European government had changed
the ratio at which each coins it's
silver bullion into money, but the
former still coins millions of dollars
into subsidiary coin at 16 to /, there
by making profit off our Industrious
silver miners of ten million dollars q
year, while European governments
continue to coin their shillings and
francs and marks and rubles at a
ratio value of Is 1-2 to 1, whereby
these coins come out of the mint
with a gold valuation of $1.29 to
1913 per ounce, so that it is plain
that each of those governments
makes profit of $50 per cent, more
Or less, off unsuspicious American
citizens, every dollar of which goes
in to the treasury of those govern
ments, and every dollar of which
would have remained in the pockets
of American miners but for that UNI
patriotic and absurd act of 1873.
Does this look to you like a saga
cious business policy from an Ameri-
can point of view? To me it would
seem quite as sensible to compel the
farmer or the planter, by legislative
enactment, to sell his wheat to for
elgn consumers at 40 cents per
bushel, or his cotton at cents per
pound. And you see nothing in this
to condemn, but approve it by your
silence, on the principle, I suppose,
that whatever is, is right.
There is another aspect of the sill
yer question which I need not men
ton further than to refer you to J.
j. Hills article in the Worlds Work
for January, specially to the para
graph headed "A little known Chi
nese Menace" although this result of
gold recommendation was pointed out
by Senator Teller and Sir Morton
Frewin thirty years ago, to say moth
ing of VIM. J. Bryan at later Pc
Rod. Mr.. Hill himself refused to
see it at that time but the logic Of