The Birmingham age-herald., 1913-06-07
LETTERS TO EDITOR
Control of Money
he Editor of The Age-Herald ::

10 the Editor of The Age Herald:
Yesterday 1 read in your great paper.
whose columns are accessible to the dis
ctission of every side OF every public uues-
tion, that Professor Fisher OF Yale or
Harvard was in favor of putting more
gold into our gold coins
In the same article it was adroitlv men,
toned that the bankers were not in favor
of the professors plan But YOU can take
II from me that big business does favor
leglsiating more gold into the weight of
the gold coins.
The object is obvious, and that is to
make scarce money in order to make
dear money.
The fight is the same now as it was in
the old Farmers alliance days The farm
ers favored larger money volume
Bankers of Wall street favor a smaller
volume with the control of the paper
money in their hands.
Free silver was an effort to Obtain a
greater amount of primary money. That
was defeated by the manufactured panic
OF 1898.
miners found gold in the Klondyke and in
the Transvaal.
The volume of the circulating medium
has increased so much from these dis
coveries that the financiers are desjrous of
restricting the free coinage of goldr by
increasing the weight in the coins. DR..
Kirkland of Vanderbilt, in his commence
ment address at the University of Ala
bama, mentioned free coinage of gold,
in this very connection.
N rhotl 4
Is unimportant to Wall street 1t is the
control. in all selfishness, that iinanciers
want to retain, and this control is easier
when The supply is either not increasing
OF increasing very slowly
In the eighth and ninth decades of the
past century the Farmers alliance grew
into quite a formidable organization, and
no group of men fought the alliance hard
er than Wall street and the country banks
Influenced by them.
The legislation sought by the farmers
gradually is being enacted. Call it So
cialism if you will, the tide cannot be
stopped.
F'inanciers would like to wreck the adj
ministration of our noble President Will
son! He has them in check" for the
present.
He knows with whom he has to deal
That's why he will hang as high as Ha-
man any man who attempts to start an
other panic e.>4
| predict that IL the present Congress
reforms the currency at ALL the control of
il will be taken from the hands of selfish
interests and placed where it belongs, in
the hands of beneficent government,
dsinterested and responsible to the voters.
The ''money trust will squirm and grind
its teeth in impotent rage, but the hand
writing is on the wall.
Never again will you see the national
treasury raided by Wall street sharks, as
was done during the Rothschild- Morgan
raid Of 1898.
There are other signs of the times, and
Mr.. Milton II. Smith has already read
these signs. He rushes into print to get
the sympathy of the voters.
His attorney, Mr.. sydney j. Bowie. en-
tertained us last year in his various writ
ings. which were neither more nor less
than appeals to the people to keep their
hands off PlrS scally we are not against
the railways, but we arc decidedly against
q bunch of pirates no matter under what
fiae they operate.
We might as well try to sweep back the
tide of the great Pacific with a sedge
broom as to try to prevent the final CO.
operative ownership of the means of COM
nunication and transportation. Yours
very respectfully,
THOMAS II. MAXWELL, c. E.
Tuscaloosa, June 5. 1913. 23lo Sixth
vtreet.