Show WISE AND HONEST FINANCIERS Reports yesterday from New York were that the i stocks were all off How the chickens do come home homei i i. i to roost for the benefit of those Wall streeters More than forty years ears ago in order to double the proceeds proceeds pro pro- coeds of their bonds which by the w way y they bought at 50 cents on the dollar and to double the interest and principal on all interest-bearing interest securities by J bribery and by a sneak they pushed a bill through Congress which which demonetized silver and an unsuspecting unsuspecting unit President signed the bill y No on one outside of New York City had wanted any such bill its passage was a crime its effect was to cost the people of the United States more mon money y than the great war had cost In their own way they engaged some of the foremost journals of the f East to justify their act They employed certain called so-called political economists to declare that the act acts s was necessary and was wise statesmanship 1 Of course the immediate result was that silver bega began be- be f ga gan to fall as measured by gold and s so did Hid ever every other form of pr property perty and when earn earnest st men cried out against the infamy those thieves in the East who had wrought the misfortune assumed high ground and bewailed the fact that there were certain cel tamp tain men men- who were so depraved that they would pay their debts in a depreciated dollar That their 1 act had caused the dollar to depreciate made no noY Y differ difference nce with them The They were perfectly willing willingto to take advantage of their own wrong and ass assume assume me virtues that had they never t t The result was that the country in th the course of a few years became drained of money property fell 40 per cent in value as measured by inflated gold I and the distress was universal from sea to sea Inthe In Tn v the meantime they broke down one statesman after another to subscribe to their infamous creed They boycotted every Congressman who dared to to do what whit was r right So it went on for twenty years then thenon on f a platform promising the restoration of silver they 1 elected a President whom they knew they could depend depend depend de- de pend upon Then to supply him with an excuse they sent circulars to every bank in the United States advising that they should cease to ex extend eni credit and should call in what was due them because be be- because 1 cause there was grave danger that that the countr country would go to a silver basis Then the first important act of this newly elected elected President was to call Congress Cop in extraordinary nary session for the purpose of putting the final q quietus on silver He Hel succeeded silver was finally j all men who had been in debt for 40 per percent percent cent of wh what t their p property was worth in 1873 i when the bill was originally passed had worked j from ten to twenty years for nothing and then had hadi i 1 lost all they had The moral effect was just as bad the young men and the young women on the farms worn v r 1 out with w work rk and hopeless of f any prospect of betterment had flocked to the cities and thousands thousands thou thou- sands and tens of thousands of them were lost Th The whole country was in a state of despair indescribable indescribable indescribable j able the tramp became a recognized institution and 1 f armies of destitute and aimless men marched arched up and down the land a burden to themselves and to the J country This depression lasted three years It would shave have lasted l longer nger except that the outside world suffered a failure of crops in southern Europe in yin i India in Argentina and in Australia and the whole w world had to come to us to buy bread That fi filled ed the exhausted treasury of the country with gold Inthe In III the meantime the cyanide process had been discovered discovered discovered ered for reducing low-grade low gold ores in Cripple Creek in South Africa and in West Vest Australia mighty deposits deposits' of gold had been found and the worlds world's F treasury was reinforced b by supplies never dreamed of This has gone on ever since but even now it seems seems there is not money enough and even now the theL L merchants and manufacturers of the Western Vestern countries couri coun- coun- coun t tries ie in their trade with silver standard countries v tare are all the ti time e troubled not kno knowing v ing when they sell goods whether the mone money they receive will pay them only half or will pay them double 1 1 In the meantime these same Wall street harpies refuse with a persistency and an ignorance that are f appalling to give decent recognition to silver and compel j American miners to sell their product at bout about half what the United States and all the rest of f the world are using it for in their coinage and andS S still they are in trouble The They say that there is not J money en enough ugh to keep up with the business of the thet t country u 1 and th they y sit on their perches and croak like so many vultures waiting in the meantime for some new new new misfortune to come upon the business of the people that they may prey upon them And the people stand it and have not the nerve to dictate with v th ith their ballots a poli policy which would restore things to their normal condition and compel compell justice A to the East and West Vest alike |