South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-10-30
OCTOBER 80, 1916.
"!IARD TIMES" VERSUS PROTECTION"
ROOSEVELT "SAND BAGGED"
CONTINUED FROM PAGE ONE)

Iron Cc.,-this Plus IA free loan. without in
tercst of S1fO.OOO.OOO to the Morgan banks.
Theodore Roosevelt or any other republican
for a republican is all Roosevelt is or ever
was. save as "A monetary and demagOgic OPP
pOrtunist,-shOuld he the last i'm the world 10
accuse anyone OF being officially "sand-bag-
ged" by mllIiOnaircs trust magnates, nrsncal
stickup men. etc. of the House OF Morgan va
riety, bsit wiIcn the wOrLingmen want some
thing. and are determined 90 fight for IL, and
10 prevent the clash and the consequent dis
astrOus results. emergency measure is
passed aTOrding opportunity for more
amicable and better mannercd reimbursement
then our republican friends say il Is crime
Notwithstanding that nearly iialf their number
i'm congress voted for il, were cOwardly
10 vote at all.
The republican panic OF 1907, effected in
spite of high tariffs, literally brought upon
the country by the House Of Morgan to force
che absorption of Tennessee Coal and Iron by
United states Steel. IL was possible because
of the defective currency system of the nation,
both of republican making and maintenance,
under the dominance of the Wall money
kings
The panic Of 1898 was of similar origin.
Wall st. was selling its gold and the gold of
the whole country to Europe at a higher
premium than il would bring for legitimate
business i'm America. Europe was demanding
it in preparation for a war anticipated at the
time. but which after 2O years delay finally
broke in 1914. This is financial history. Wall
81. due To its draft the banks inland and
upon ire United states treasury, had brought
our gold reserve down $4,000, 600 before
Benjamin Harrison left Office, and the bonds
that Prcs't Cleveland issued TO repsenisl, the
stock, were printed from plates which Pres't
Harrison had prepared.
We challenge defy. the repul4icon party
TO disprove this statement No republican
that knows his business will dare attempt il.
The panic of 1Sp3-95 would have come just
the same had Harrison been reelected. and the
depression of 19f3-14 would have come just
the same had Taft been reelected, or IL his
SUCCESSOR had been r. ROosevelt.-sO far rs
tariffs concerned.
The tariff had nothing to do with either de-
preston. one way or the other. Both were
money dcpressiOns. Europe began in 1911
again TO lay up gold for its present embrogliO.
preparations that reached their zenith in the
winter of f9tS-t4. and the draft upon Amcri-
can money. drawn through Wall 81, from
throughout the land. made cash for American
business not oily necessarily but wantedly
scarce. and the depression was the conse-
Qucnoc.
Wall ST this time planned TO Kill two birds
with one stone viz: Get rich by supplying
Europe with gold at a premium, and mean
while punish Americans for clecting n demo
cratic president and congress.
Il can never happen again for the Wall st.
o. financial draft has since been limited
ny the regional reserve banks. pretty well to
New York. This check Wall SITS control
over the savings OF the worllingman. the farm
or, and the artisan, for speculative uses. is
VIVA; put the depression OF 1854 on the
rack. tn, Underwood tariff. as the cause,
and the war a. the relief. according 20 rcpub-
Iican citation. are false prctcnses held out for
no other purpose than to swinde you out of
your vote.
.Rk HANNAfS GHOST AND col NITT u A