People's Pilot, Volume 3, Number 49, Rensselaer, Jasper County, 25 May 1894 — FINANCIAL HERESY. [ARTICLE]

FINANCIAL HERESY.

Archbishop Walsh's Reference to Those Who insist on a Gold Standard. Archbishop Walsh has been guilty of heresy. In a communication to the bimetallic conference at London he refers to those who insist, upon the maintenance of a single gold standard as “doctrinaires.” This is indeed revolutionary. The “financiers” of Lombard and Wall streets have for years been attempting to teach the world that people who do not think as they do are the dreamers and idealists. Many a man who has allowed himself to fall under this delusion has found in the course of years and the processes of observation and experience that there is no dreamer like the one who eats the lotus fruit of Lombard and Wall streets. Lombard and Wall streets admit, because they must, that times are hard and growing harder all over the world. They admit, because they must, that these conditions have grown up since the destruction of bimetallism and the forcing of gold monometallism began. Yet they exalt gold monometallism and deride bimetallism. When asked for relief they do not afford it They are unable out of the wisdom of which they boast themselves to bring back the prosperity which was the world’s under the bimetallism of the ’‘dreamers.” Archbishop Walsh has given timely expression to a growing conviction. Either the gold monometallists are doctrinaires pure and simple or they are what is far worse —Shylocks who would cut their pounds of flesh from out the very heart of mankind.—St Louis Republic.