. VOL. -II
WADESBORO. N. C., WEDNESDAY, OCTOBER 10, 1895.
NO. 10.
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A FOUL CONSPIRACY
PLAN OF BANKERS TO DESTROY
! 'greenbacks.
Bank Notes That Draw a Double Bate
of Interest Is the Kind of Souncl
Money Sbylock Wants -Iioycott Thelf
:- Notes.
The New York Voice, Aug. 15
Little by little it becomes apparen
that the associated bankers of . this
country are gathering their forces foe
a mighty, struggle during the next ses
sion of congress.
No public proclamation has been is-
sued and no brass bands are being em
ployed; but unless all indications arej
misleading there is on foot a definite
concerted movement that is likely tq
change the whole line of battle on the;
currency question.
The purpose of. the bankers is this
To strike with all their power for
law that shall put out of existence oncdj
for all the entire issue of United States?
notes known as greenbacks. f
. The plea which they will make wil
be the highly patriotic plea that thisj
action is necessary to rescue the treas
ury from its perilous position and es
tablish the nation's finances on a firm
basis. '
The plea will be a false one, the pat?
riotic professions will be delusive, an
the result of the action' proposed will
be a far-reaching disaster whose ulttj
mate consequences are incalculable. j
Here ; are . the . facts. There are iH
circulation to-day about $340,000,000 o
greenbacks. Those greenbacks repref
sent a policy in direct antagonism t(
the policy underlying the national
bank system, and they have from the
beginning been regarded by the bankl
era with hostile eyes. They insisted od
.their Retirement as part of the plan ol
resumption twenty years ago,' and thii
retirement was actually begun. So im
mediate and stern was the popular prol
test, however, that that provision of th
law was repealed and the greenback!
preserved as a part of the national curl
rency.- From that day to this the bank
ers have sulkily watched for their opt
portuftity,and they think they have it
now.- Whether they have it or not thei
uauiuuai uuK.eiii convention neiu a lew
weeks ago took steps to urge upon con
gress ine retirement 01 tne greenbacks
The journals that best represent th
thought of the organization have bee
iur six montns witn innnite tact anq
skill, testing the public temper: on the
subject. The public has not taken
alarm. The time seems auspicious'
The plans have been consummated!
TUa Kill m nli.ni... v.: .i .!
effecting the desired end.
What isthe motive behind all. this
The- ostensible motive is this: The
greenbacks are exchangeableon demandj
at the United States treasury for gold
They are the vehicle by means of which;
the gold reserve has been taken out oi
the treasury. On the face4 of affairs
they are to blame for the treasury's, re
cent troubles. What more plausible
therefore, than to say, as the bankers
do, that the real remedy is' to retin
these greenbacks as fast as redeemed
destroying them at once instead of re4
issuing them. and thus putting a sto
to the "endless chain of buckets" tha
is carrying away our gold?
This is the argument.: It is plausible
Is it . sound or sincere?
No. On the contrary it is impossible
when one is acquainted with the facts
either to believe that the proposed ac
tion will remedy matters or to believ
that the bankers believe it will.
In the first place the greenbacks hay
not caused the treasury's troubles, fo
they have circulated for twenty years!
without trouble of any.kind, and condi-jj
tivxioy ou xcu 0.0 tiirj CVA XJ VUliWCi Ut;u, Ul
the same now as heretofore. The gold!
drawn from the treasury has been
drawn for export. Destroying the green-J
backs would not destroy the demand for
gold for export nor render it any more
difficult to obtain it. The situation!
wmilil Ho 99 IWatthow f arcVinll 4-Vio
financial writer of the Sun, says it?
would:
"If the legal tenders were retired all
debts including bank deposits would
become really payable in gold, though
nominally In silver alsoj The exnorter
of gold would demand it from tfie banks
and the! banks ,would have either to
pay It or to refuse to pay it. If theyf
paid it the country would lose the gold
just the same as it is losing it now, and
If they refused to pay it we should come
to the suspension of gold payments, to
avoid which we have for the last two
years made such strenuous efforts.;
The treasurer now re-issues the
greenbacks in payment of govern
mental expenses. If he is, instead of
that, to destroy them, He must pay
those expenses in some other way. If
he must receive greenbacks but can
not any longer pay out greenbacks, it
is as evident as- that two and two
make four, that the treasury instead
of being relieved will be still . more
greatly embarrassed, and more in
need of help than ever.
No; the associated bankers are not
praoslng this action for the relief of
tu treasury or the relief of the coun
try. Their ostensible motive is not
i'ieir reai zuoiive. it is impossible to,
believe tnat it U.
What then is their real motive?
Listen.
With the greenbacks out of the way,
there will be! no longer .any reason for
the treasury s keeping! a gold reserve.
It will,' as a matter of ourse, gradually
disappear as the' greenbacks! are re
tired. When that ejent occurs, the
banks will be the onljj place to which,
any one can go to get Wold.
The entire j circulation of the country
Will be based upon golip, but the banks
will have a complete monopoly in the
matter of supplying gold, barring alone
the slow production of the mines. The
government Itself will! have to look to
the banks when it : wants gold with;
which to pay- the interest on its bonds.
This Is partjof the reason for the pro
ject of the bankers, j j
Another and similar reason is that
the greenbacks are a constant object
lesson to th people tnat the govern
ment itself can supply! a safe, sound;
end convenient currendy as well as the
banks. The
greenback is a constant
threat to the
ank-nate. And now,
when the bonds on w!hlch thq bank
note issue isj based are! near maturity,
the whole bank-note system is near an
end, unless Ah8 $340,0&0,000 of green
backs can be forced opt of existence,
leaving a vacuum thaf must be filled
by something else. This is why the
banks cannot wait anjy longer. This
is why they have seiied the present
pretext so promptly. This is why, as
we more than j suspect, they propose to
keeps on the ragged edge of another
financial pan
c until congress is fright
ened into the
For it -must
the Belmont-
retirement of greenbacks.
;not be overlooked that if
Morgan-Rbthschilds syn
dicate has been able, as so eulogistic
ally described by the feditor of Brad
street's in thie current issue of the Re
view of ReViejws, "to suspend the opera
tion , of the laws of trdde," to compel
"financial interests ok other govern
ments" "to await on the requirements
ot the treasury of the United States,"
to force the (ordinary broker into
re-
fusing to export gold
transaction Offers him
when ! such a
a profit," if it
has . been able to do that in one case
it can do it in another, land if this year
it brings thej tide of gcjld one way be
cause paid tpjdo so, the iriext year it can
turn the tide the other way if it wants
to force action by corieress that will
DanKS.
m 1 -km
x ne nnanciai crisis
hat will sopn
the entire con-
confront us is whether
trp.l of the currency system oi the fia
uon snail be: handed over to a small
and select class. The crisis is ureent.
the importance of the
volved, tremendous.
iples
princ
in-
CURRENCY. QUESTION DEAD.
4-;
Ohio Leaders
of the "tiro
OI4 Parties
, ,Will Make Office th Only Issue.
It is thought that the j contest be
tween these jold leaders in Ohio will
overshadow the currency question anJ
other issues
jThere is
the repub
so little differ
icah and demo-
ence between
cratic platforms on silvter that! the cur
rency question is now believed '. to bo
disposed of in Ohio, bujt the tariff will
be kept prominent, as jthe parties dif
fer widely on that issu, and Governor
Campbell is expected jto . arraign the
republican state administration of the
past four years-as severjely as he did in
the previous campaigns. Press Dis
patch. I ! 1
It's nothing but a question of which
of the Ohio f'Jeaders" jshall have the
offices. Their jplatformjs are the same.
Neither of them has any principles ex
cept what John Shermn: can indorse.
Had to make the platforms the same,
so that they cquld swapj easierl
It is Brice's turn to bte elected to the
senate, and the republicans will sup
port him to j get the support of. his
party lor a republican g over nor.
Even swap-Ljand nobddy cheated but
the people who don't kiow tlie differ
ence between party and principle.
But the currency question is not set
tled in. Ohio. Coxey is going to have a
hand in that scuffle and don't you for
get it.
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The only thing a sensible and patri
otic silver democrat or republican of
that state can do to help the cause he
advocates is tolvote the populist ticket,
and help defeat both ol parties.
Let Them Dare.
Let the Cleveland gang
more bonds ajnd there will
lution sure enough. The
dare" issue
be a revo-'
patient ass
at length bends with his burden, the
final feather breaks the camel's back,
and the hunted hind goes to- the water
once too often. The people of this
country are lqng suffering and wonder
fully complaceht under inisgovernment
that would cause war 'anywhere else
but there surely is a point where they
will rebel. Certainly they
the line somewhere and th
will draw
e resale or
this already disgraced country to the
greedy Jew syndicate jwilj certainly
prove the jumping-off place. If not,
if our people pre so debauched, so lost
to all sense of shame, io say nothing
of open robbery of their resources, then
indeed have they sunk to the level of
Asiatic serfs jand become fit food for
tyrants to feed! on.r-Noncoriformist.
The" bankers in this country stead $25,
OOO.QOO a year unlawfully; ye't tney have
the gall to raise
he cry that
their notes
are honest'
WHAT
KEEPING OUR CREDIT.
FARMED OUT TO A SYNDICATE
'. OF BANKERS.
Case of the Wolves Guarding, the
Lambs And They Talk of Cleveland
for a Third Term rrom a Gold Pa
per. Fellow countrymen, read the follow
ing. It comes from the editorial cpl
umns of the San Francisco Chronicle:
Wall street, the money power las an
organized influence, if not. indeed, an
organic body, is aimine at nothing! short
ot the absolute domination and control I
lbfreticfwhJtiviH
ment. If anvthine were needed to con
vince the country of this fact the stu-i
v - .
died efforts that are now being made to
defend and justify' the infamous con
tract with the Rothschilds-Morgan syn
iicate and to laud the money kings who
3ofnpose the syndicate as national ben
9factors, the fulsome articles and state
ments that are now appearing simultan
eously in the magazines and papers of
the country ought to satisfy, any intel
ligent American that the Shylocks who
hold the governments of Europe in
their hands are seeking to get a firm
grasp upon the United States.
There is certainly something signifi
cant in the sudden activity of the pen
servants of the syndicate. In the Re
view of Reviews for July there is an ar
ticle by the editor of Bradstreet's writ
ten for the confessed purpose of show
ing that if it had not been for the gold
purchase contract the credit of the gov
ernment would have been wrecked, and
that the American people are, therefore,
beholden' to the syndicate for having
"protected the treasury." Protected the
treasury from what, from whom? Why,
it iwas these same money sharks and
their associates who were draining the
treasury of gold for j;he very purpose
of forcing another issue of bonds.
The portraits of thej American mem
bers of the syndicate jare given in the
article and they are spoken of, as al
ready said, as national benefactors.
There is also the picture of Lawyer
Stetson of New York the former law
partner of the president, "wTho drew up
the contract." But thke is no mention
in the article of the! onerous and in
famous terms and conditions of the deal
which petted the syndicate some $10,
000,000. Protectors of the treasury!
Benefactors of the nation! Why, the
members of this syndicate are the mon
umental Shylocks of the age.
It will only be a few months when
congress will meet and when the out
rageous affair will be or should be in
vestigated to the bottom. It is more
than likely that the articles that are
now appearing, of which the one just
mentioned is only an example, are put
forth for the purpose of forestalling the
action of congress.
A. B. Hepburn, a New York banker
who served in some capacity, under the
first Cleveland administration and who
is always at the front in defense of the
gold ring, has an article in the Forum
for August entitled "The Bond Syndi
cate: Its Excellent Work." He also
goes to the fullest extent in sustaining
the expediency and honesty of the con
tract. Then again here is the latest
weekly "special'' circular from the
banking house of Henry Clews & Co.
Mr. Clews is a very inconsistent finan
cier, and there are strong indications in
his circular that he has not been forgot
ten by the syndicate. He, too, speaks
of the incalculably valuable services
rendered by the syndicate in "protect
ing"the treasury. He even suggests that
"the members of the syndicate will yet
find the .means of guarding the treas
ury by some permanent form of protection."'.'
THE NON-INTEREST BOND WILL
It is difficult to find words to express
the sense of shame that should fill the
minds of patriotic Americans who read
such language. Not only that, but
thoughtful men ought to feel anxiety
for the future when such assertions are
made and are not reproved on all sides.
Has it come to pass that the credit of
the United States is dependent upon a
particular ring of money lenders, mon
ey sharks,?
The "editor of Bradstreet's" is fol
lowing up his service to the syndicate
by his weekly articles. A week ago he
asserted in a long editorial that there
is no doubt that the syndicate will
maintain" the treasury gold -reserve,
Vnd in
the issue of last Saturday, as
telegraphed to the financial columns of
paper asserted with
much vehemence that nothing had oc-
curred, particularly in the recent ship
ments of gold, to "shake confidence in
the ability of the Belmont-Morgan syn
dicate to protect the treasury."
It is high time that the American peo
ple should wake up to the danger and
tne disgrace of the state of affairs indi
cated by the line of defense marked out
by the syndicate in anticipation of the
meeting of congress.
ANARCHY .AND SOCIALISM
Are Jfot the Same, bnt Exact Opposites
of Each Other.
The populists are indiscriminately
called "socialists" and "anarchists," as
if those terms meant the same and were
both terms of reproach. We give the
definitions in parallel;
WEBSTER'S DICTIONARY, 1893.
SOCIALISM A ANARCHY Ab
theory or system of sence of govern
focial reform which ment; the state of
f ontempl ates a society where there
complete recon- is no law or su
Itruction of society, preme power; a
fvith a more just state of lawless
and equitable dis- ness; political con
tribution of prop-fusion,
erty and labor.
Populists are all directly opposed to
anarchy.
And as to socialism, in its ideal condi
tion, it would be a realization of the
millennium.
We are not opposed to socialism yet
as a practical solution of present day
problems, concerning a people who av
erage considerably lower than the an
gels, we are-somewhat inclined to pro
nounce socialism too far in the future.
There are many bold practical prob
lems that will have to be settled under
our present system for the benefit of the
people now on earth.
The reforms of this age may help the
next generation to attempt greater ones.
But something has got to be done
right now.
. As our illustrious (or notorious) pres
ident has said, "It is a condition and not
a theory." confronting the American
people.
We must deal with actual people and
practical questions until the ideal peo
ple are created and the theories of so
cialism become practical.
The Declaration of Independence and
the Omaha platform contain probably
as; much socialism as will be realized
within the next hundred years
However, if the whole world should
be I converted to practical Christianity
sooner than that, thus rendering so
cialism possible, so much the better.
i Eternal Punishment.
Justice is not mathematical. A tramp
in Alameda county who stole twenty
five cents worth of property was sent
to jail for fifteen years In that county
there is an office-holder who is $11,000
shtirt, and this leads a man to figure
out that the said office-holder should
serve 22,000 years in jail. RecoTd.
Why not say for eternity and call the
jail by its proper name?
DO.
PENNSYLVANIA REPUBLICANS.
Declare- Themselves Opposed to Free
Coinage of Silver.
In the Pennsylvania! republican con
vention Congressman palzell, discuss
ing the money plank in the platform,
said: "There is not an industry that
does not demand the maintenance of
sound money, and by sound money I
mean money good at par in any market
in the' civilized world. ! An impression
has gone abroad that there is a free
silver party in Pennsylvania, and; that
that party is republican. Hence, in
my judgment, there Is
sity for the republican
a crying neces
party in Penn-
sjlvania in this convention assembled
to declare itself unequivocally against
the a free and unlimited coinage of sil
vetf at any other ratio than that, fined
by j international agreement. There
are thousands of republicans west of
thelMississippi who claim that the re
publican platform as adopted at Min
neapolis means the free and unlimited
coinage of silver. I want to get rid of
that impression. In order that there
may be no straddling, and in order that
no man can stand UP and say Pennsyl
vania republicans are seeking to catoh
votes by straddling the tree silver ques
tion, add to' your platform that the re
publican party of Pennsylvania de
clares it is opposed to the free and un
limited coinage of silver in any other
ratio than that fixed by internatonal
agreement."
The convention complied with Dal
zell's command by adding to it meaning
less jumble of tangled relative and
parenthetical phrases khe declaration
of its "opposition to the debasement of
the national currency by the admis
sion of silver to free; and unlimited
coinage at the arbitrary ratio of lfi
to i: , j
The first part' of the money plank
adopted is the same old double-back-action
flip-flap Groveri Cleveland hay
been performing: "We accept unre
servedly the determination enunciated
by the republican national convention
of 1892 that we demand the use of both
gold and silver money with such re
strictions and under. such provisions t
be determined, by legislation as will se
cure the maintenance of the parity of
values of the two metals so that ih
purchasing and debt-paying power of
the dollar whether of! silver, gold or
paper shall at all times be equally
faithful to the republican party."
They want money that is "faithful id
the republican party." i
jiuucj 10 r n a i. luuLiuus me iepuuiic-;
an party and It wouldn't be good pol
itics to have money in this country
that was faithful to all, the people.
Sounds funny, don't it?
The Globe-Democrat, leading west
ern republican paper, says: "The;
money plank shows that the Pennsyl
vania republicans are in line with their
party all over the country on that is
sue." , j
They are in line with the party, in
line with Cleveland and Sherman, in
line with England and Wall street.
Of course money will
the republican party."
be "faithful to
; If you had a mule and it was balky
and would not serve you, what would
you do with it? Would you keep it?
Of course you wouldn't.) You would get
rid of it as soon as possible. If you
had a neighbor that had lied to you
about the same things for twenty years,
would you believe. him ny longer? Of
course you wouldn't. Well, why don't
you exercise the same amount of sense
in voting? Say, are you a political
chump? r ) '
If you are not pleased with the situa
tion suppose you change your vote. .
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More money is good if or the individ
ual why not the nation?
"CIECLE OF TJttJTH."
POVERTY CAUSES INTEMPER
ANCE" SAYS MISS WILLARD.
Opinion of the Great Temperance Ad-
i
ocate Miss Willard Recognizing the
Itoot or the Great Krll of Drunken
ness at last.
Milwaukee Advince:; At the great
St. Louis conference of labor and re
form organizations!
where the organlza-
tion was affected
that resulted in the
Omaha convention
Miss Frances WIN
lard was an honored . guest and by
i courtesy was made a member of the
committee on resolutions
This corn-
mittee was very
large;, having raoro
than 100 members,
and a very strong
Miss Willard and
fight was made by
other prohibitionists tn favor of plac-
ing a prohibition p
ank in the platform.
The fight lasted fiom 11 o'clock p. rn.
until about 3 o'clock in the morning,
and the principal contestants were Miss
Willard on one sidje and Robert SchllN
lng on the other. The latter held that
prohibition was not only a violation ot
personal liberty bit Impracticable and
j that it could not be enforced as long
as poverty drove people to drink. His
argument was that people well fed and
well educated needed no prohibition
and that -drunkenness was lne result
of misery and destitution.
Miss Willard seems to have adopted
this view now. wie find the following
sentence quoted in
the Representative,
'gnatius Ponnelly's paper:
We used to say intemperance was the
:ause of poverty,
pleted the circle
Now we have com-
Of truth by saying
poverty causes intemperance, and the
inder-paid, under-sheltered, wage
earning teetotaler deserves a thousand
imes more credit than the teeetotaler .
vho is well paid well fed and well
sheltered. In the slums they drink to.
target. We should make life some
hing they would gladly remember; so
vould you. Our objects are the same.
"t us clasp handsjin the unity of spirit
nd the bond of peace.
All honor to Miss Willard. If. every
ne of our prohibition friends would
ake the same position, a union of re-
'orm forces
plished.
would be easily accom-
CLEVELAND AND HIS CUCKOOS.
Are Managing Democratic Convention
Democratic
I
This Year.
i
In an
interview Gen. Thurman-
ot
Ohio says:
"During Cleveland's first administra
tion an order was issued forbidding fed
eral office-holders! from taking part in
the convention, yjjt this, year in Ken
tucky every revenue ; collector,, every
postmaster and every whisky gauger
was turned loose jon the state to help
Carlisle." Only last year Cleveland
worked tooth andjtoe nail against Gor
nian and Brice, yet now he turns about
and drums every jfederal office-holder
into the Brice ranks. The democratic
party .gave these men their offices."
And so it has been at all the demo
cratic conventions throughout the coun
try. The president orders hla ple-at-ers
to go and work for an English finan
cial system under threat of being "sum
marily dealt with" unless they . obey.
The democrats wt.o have threatened to
leave the party fall In line from habit
and everything's ilovely.
'THE PARAMOUNT ISSUE."
Both OW1
Parties Endorse the' Sam
Policy. : '
Mr. Brice said
Ohio convention:
in his speech at th
"The great paramount Issue upon
which the battles of both this year and
next will be fought will be the tecord of
the democratic party under President
Cleveland; the j question will b
whether it is to be endorsed and Its pol
icy continued, or Whether it shall le re
pudiated and its policy ended."
The republican party endorses that
record and Uie only issue with both old,
parties will be j to down the "silver
craze" and populist lunacy.
Grover's record, will be endorsed, but
the democratic party will be ended
end over end ihtp the republican goldr ,
bug camp, where the same policy has
been, pursued forjten years longer than
Rip Van Winkle slept-and still the
"daddy-was-a-democrat" fellows are
asleep. .
i . . .
A Goldbu Blunder.
; The goldbug papers.ln their suddenly
developed derision for the Horr-Har-vey
debate, are charging that it was a
mere' money-making scheme to sell
books for Mr. Harvey. Since they
challenged Harvey themselves and
went to New York after Horr and
brought him to j Mr. Harvey's home
Chicago, it seems a little strange that
they should go so far out of their waj
and do so much jto further the sale of
Mr. Harvey's books. And now, to cap
the climax, comes a publication of an
assignment by Mr. Harvey of all prof
its from the sale pf the book containing
the debate to the silver committee, to
be used in promoting" the cause. Thess
goldbugs had a well come down of!
their perch and confess that they have
blundered and made a bad bargain.
The National Banks won't take your
note. Don't take thelr's.
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II -V.
61
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