People's Pilot, Volume 5, Number 19, Rensselaer, Jasper County, 31 October 1895 — “DEAR MONEY” MEANT. [ARTICLE]

“DEAR MONEY” MEANT.

THE POWER OF THE GOLD SYNDICATE MONOPOLY. A Severe Arraignment by a Loading Ohio Demoerat Paper The Gold Standard Meaaa Dear Money Instead of Money.** Th® gold syndicate is the largest and strongest syndicate in the world. It control® all the great government loans as well as the great loans made to railroads, states and city corporations. Its object is to make dear money. It uses the words “sound money” instead of “dear money.” Now, dear money is money that demands a large amount of other property in exchange for it; for instance, dear money means more acres of land for a given amount of money; it means more bushels of wheat and more pounds of cotton and more hours of labor for the money received. This syndicate subsidizes every known influence to strengthen itself, it controls papers in .the great money loaning centers; it controls politicians; it controls statesmen, or men who claim to be statesmen; it has its agents in every bank and broker’s office where bonds are for sale and mortgaged are negotiated, its end it great gain. When a government, strong and rich, even as the United States, needs money, this syndicate will take the loan for a consideration. There is no missionary business in it. No one expects it. This syndicate is as wide reaching as the arms of Briareus; it will at one time control all the gold or nearly all the gold in the world. It will parcel out a portion of this gold to the government that is in need; it will take the securities; it will sell them to the people and to institutions; always at a profit and a good round profit. It is said that this same syndicate made from fifteen to nineteen millions of dollars in the last bond sale of the United States. This is no mean sum, but every dollar of that must come out of the work and the industry and the honest business of the people of the United States. Not enly that, but the principal must be paid, as it is with every debt. What this great gold syndicate wants is to have its hand on the necks of nations, so that the people themselves shall do its bidding. The silver men are no less for sound money or honest money, but they are for money that is good both for the people who do business and for the money lender. The, silver men have been forced to be the representatives of the business world; they are no more friends to silver than of gold, but they are decidedly opposed to a monopoly in money and this gold syndicate is the greatest monopoly that the world has ever known. The gold syndicate has already established a bureau in New York, and in nearly all our Eastern cities, to disseminate gold monemetalism literature. They are afraid that the people will be enlightened on the subject of bi-metallism. Some of their arguments are the most frivolous, most of them are the arguments of paid attorneys; all of them are special pleading in favor of gold miners and the owners of gold bullion and gold money. They are all in the interest of the money lenders, and plainly, yet very adroitly, against the interest of the plain people of this country, and those who produce, those who work and those who do the business. Forget it not, the word to use is “dear money” instead of “sound money” when referring to the gold standard. —Plain Dealer.