Show UAX1C OF ENGLAND I I The dispatches say that the gold that is being imported comes from the Bank of England In other words under a gold standard the source of supply in regard to gold is this widely known banking institution Are the American people prepared to perpetuate such a monetary policy Under such a policy the neople of the United States are at the mercy of the money power of England Eng-land It rests with the Bank of England Eng-land to precipitate or stay a monetary panic in the United States and in all other countries that are similarly situated sit-uated That institution can by manipulating i i manipu-lating the discount rates and rates of I I exchange precipitate a gold panic in the United States at almost any time I The Bank of England and the capitalists j j capital-ists of Europe are now playing into j the hands of the American government govern-ment Gold is permitted to flow out to American ports in large volumes at this time for tile single purpose of misleading mislead-ing the people into voting to maintain and adopt a gold standard No matter why it imported whether for legitimate legiti-mate needs or for hoarding purposes I if the Bank of England did not know that the gold standard was on trial for I its life in the United States it would soon raise the rates and stop the movement move-ment Until the American campaign closes foreign capitalists may be depended de-pended upon to refrain from doing anything any-thing Intended in any way to discredit a gold standard In the esteem of the American elector After the election the screws will be turned on and the people peo-ple will be Squeezed just as they have j always been A monetary policy surrounded I rounded by danger like this is certainly 1 I a most unwise one and It does not seem j at all probable that the American people peo-ple who are provided with an avenue of escape who have recourse in the ballot will let an opportunity to overthrow I over-throw it go by unavailed of To perpetuate per-petuate a policy that places the standard stand-ard that places the bayal money of 70000000 people in the control of a single banking corporation thus denying deny-ing the people the right to administer their own financial affairs would be not alone an act of abject folly but an act necessarily fraught with almost inconceIvable In-conceivable danger The national banking bank-ing system with all its ramifications has been denounced as a public menace from nearly every public rostrum in the land How much more injurious to the public weal must be a system with only one bank and that one in a position to arbitrarily take from under the super structural currency every dollar of basal currency One fact should be remembered remem-bered and that is that for the American Ameri-can people to enjoy prosperity they muc adopt that financial policy which will give them a substantial basal currency cur-rency and to the greatest extent possible possi-ble insure them industrial and commercial commer-cial freedom So long as the Bank of England shall direct our financial policy pol-icy just that long will the American people experience that hardship that I suffering and that distress which attends at-tends an inadequate currency In tile use of both gold and silver as a standard stand-ard money lies the only hope for commercial com-mercial emancipation |