Gilpin observer., 1915-10-07
WHAT THE eoLDsUes DID TO US

1873 it was done by a small company
OF high-class thieves in London and
New York for the purpose of making
perpetual tie tremendous interest
bearing debt ander which this coun-
try had been whelmed by the great
Civil war. There was no demand for
the legislation. Not one in ten of
Ahe congressman who voted for the
measure knew what was intended.
Neither did the president who signed
the bill. 1t was the work of would
be thieves, carried through by
sneak. The depression that followed
became so unbearable that tie Sher-
man law was passed in 1879.
This would have restored silver to
its old place except for the extraord-
mary efforts of Dan Manning, the
secretary Of the treasury, and who
when reconciliation was imminent,
bought thirteen million ounces of sill
yer from France and Mexico and de-
feated it. The same coterie of thieves
brought on the panic of 1898 to sup
ply an excuse fer calling an extra
session to bulldoze congress into re-
pealing the purchasing clause of the
Sherman law and the selling of
$3.50 100000 interest bearing bonds
in time or peace to run the govern
ment, upon which bonds the people
are still paying interest.
The depression was so terrible tlat
Mr.. Mckinley was elected on a plat
form that promised q conference
to restore silver. He named com
miss,oners to that conference. they
went to France, were most cor
daily welcomed and basis fer re-
monetization was agreed upon. The
premier of France went with them to
England to get the concessions which
the chancellor of the eXchequer had
agreed upon, when the India council
in London backed by the thieves OF
Newcourt rose in protest and our sec
retary of treasury. Lyman Gage,
cabled to London that the United
States did not desire remonetiZation.
This was prompted by Mark Hanna
and MIR. Kohlsaat of Chicago who had
hold ON the president which he
could not shake off.
In 1896, '97 and '9S there was a
universal failure of crops in India
Argentine and Australia, and a
three-year engineers strike in Eng
land which forced the world to bring
their gold to us for both food and
the manufactured articles they need
ed, with the result that in two years
our country's money was reinforced
by $4,000. 100000 in gold from
abroad. Then business doomed in
many parts of the east and the state
ment was often heard "see what the
gold standard has done for u.s." But
in 1907 a new panic came like thun-
der from clear Sky; the gold gamb-
lers of New York who had absorbed
the country's money finally quarreled
and overplayed themselves; one
great house went down, then the
others were obliged to do as they had
done in '93. get back to back. issue
paper promises to pay and compel
the people TO take them or nothing
fer money.
Then they continued to control the
money of the country up to the pass
ing of the currency law of last year.
But in truth there has been depres
sion on the country ever since 1907.
Now. too, 1t Is clear that the act
which demonetized silver destroyed
our export trade to the Orient, to falf
the psople of the earth, and by the
same act. in effect. offered a premium
OF sixty per cent upon all that the
naked wretches OF the world can
send us in competition with our work
ing men. II has. too. confused our
exchanges with half the remainder
of the world. II has robbed our own
country of quite $1,000, 100000 to
date.
Last year j. p. Morgan, of New
York declared that there was not
money enough in the world to serve
as a basis for the worlds business.
Since tf6n tens of billions of debt
has been added to this inverted pyra-
mid tha: topples on its point of gold
and business halts because the am
cunt of gold in the wcrld Is not
sufficient to make money any longer
n fair measure of values or anything
like an ample circulating medium.
Moreover such volume OF interest |
bearing dett is piling UP that uni
versal Reputation is imminent. Gold
as a single measure of value, instead
of being a convenience and blessing.
has become q torture to the masses