People's Pilot, Volume 5, Number 43, Rensselaer, Jasper County, 30 April 1896 — Page 6

6

• Illustration from American Peoples Money. I i i Oi ! W&tw ; uif I />/' iT€®t M. m 1 1 Wk3l tSW Stell i jlgi ; JB & . Poverty: Kind sir, will you relieve me of a little of • my heavy burden? j Wealth: Not to-day, sir. not as long as I know any of , the U. S. Supreme Court. ►

Extract from American People’s Money. •In 1855 Germany demonetized gold and made silver the only legal money. Even in England numerous cabinet meetings were held to consider the advisability of doing the same thing. But it was soon learned that the gold supplies were principally surface deposits, and 1 th® yellow flood began to decrease; and the nations of Europe took the back track. Then came the large production of silver in Nevada, and the bankers said: Gold is to be the scarce metal and silver the abundant one; therefore we must remonetize gold and demonetize silver.’ ” “I am very much surprised,” said Miss Bowman. “I have read so much in the daily press in praise of gold and in denunciation of silver, that I can scarcely think it possible that only forty-five or fifty years ago the very men who are now trying to crucify silver, and drive it out of existence, were ready to make it the sole money metal of the world, and reduce gold to the position of a proscribed commodity. Are you sure of the facts?” “Perfectly sure. Iwill ask Mr. Hutchinson whether the statements I have made as to the demonetization of gold in 1850-1855 are not true?” “I believe they are,” replied Mr. Hutchinson. “And the motives were as I have given them?” “Well, Ido not care to go into those questions,” replied the banker. “You will at least admit,” said Mr. Sanders, “that the warfare upon gold at that time was because it was supposed it would be the more abundant metal.” “I suppose that can hardly be disputed,” replied Mr. Hutchinson. “Now,” said the farmer, turning to the peak nosed man, “suppose this recent story now going the rounds of the press, proved true,—that' the whole American beach es the Pacific ocean, for 5,000 miles, is largely made up of gold washings, and that gold was about to become as abundant and as cheap as copper, do you think you would still advocate gold mono-metalism?” “Not at all,” was the reply. “I would go in for silver mono-metalism.” “But suppose mountains of solid silver were discovered in Alaska, what then?” “Then I should be in favor of a limited issue of greenbacks.” “Then,” said the farmer, “your whole policy would be to make money out of something that could not be abundant.” “Exactly,” said the other, “how could I lend my money out and live on the interest of it if every man was prosperous and had his pockets full of cash. I must look out for my own interests.” “And must not the people look out for their interests?” “Certainly,” “And their interest is diametrically opposite to yours.”

Illustration from American People’s Money. ! & a 1; X & Ffl - /vJKBg^a A / /r^J/KSLP'/7» / “ xc/ Sm - I TilV J sch-: “How the American people get their ideas.” I '

THE PEOPLE’S PILOT, RENSSELAER. IND.. THURSDAY. APRIL JO 18H6

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What We Are Coming To. Ji John Bull:zGet off the planet, you hold fraud. You were conceived in a blunder and your existence is a reproach to the money-poWer of the world. Get hout! Rothschilds:aGei away wit you! Der is no God but Mammon, and John and me are his prophets. Here, take your “Teclaration of Independence mit you. All a lot of lies.”

Extract from American People’s Money. ENGLAND’S INTEREST IN MONOMETALISM. “But I have shown that the bill could only have passed Congress, in the absence of all public demand, ‘with the stealthy tread of a cat,’ by the force of corruption; and somebody must have furnished the money, and no small sum at that, to ‘sneak’ it through both H6uses. Who did it? Who had the interest to do it and the money to do it? Who to-day defends the system thus established and stops the European governments from agreeing to re-monetize silver by international action? England. And why does England do this? Mr. Gladstone, with charming frankness, told the whole story when he said that England would never consent to bi-metalism because she was the great creditor nation of the globe; and that the whole world was in debt to her, and was obliged to pay her thousands of millions of dollars annually, for interest; and, said he, it is England’s purpose that the money in which this interest is paid shall be the scarcest and dearest that can be found; because therewith she can buy so much more of the wheat, the cotton, the wool, the corn, the beef, the pork, the tobacco of the nations, at the lowest possible rates. She can thus supply her own people at half price, To restore the conditions which existed prior to 1873. would simply be to double England s grocery and butcher bill; and what is it to England if the whole world sinks into bottomless ruin if only she can survive? The nation that forced opium and missionaries—in the same treaty—upon the Chinese, at the point of the bayonet; and whose merchants are now giving away the same deadly drug, by the wholesale, to the Hindoos, in order to cultivate the appetite for the Hell-purveying poison among her own subjects, would shed no tears if the people of these United States, from ocean to ocean, were starving, or were swimming in a sea of fraternal blood.

Illustration from American People’s Money* I ■ «Bg®l