People's Pilot, Volume 5, Number 46, Rensselaer, Jasper County, 21 May 1896 — THE GOLDBUGS’ GALL. [ARTICLE]

THE GOLDBUGS’ GALL.

EASTERN GOLDBUGS TRYING T INFLUENCE CONVENTIONS Jews, Gentiles and Mahometans Hhk Joined Hands Regardless of or Religion And Ceatrallse Tlielr Money to Control Legislation.

At the regular monthly meeting ol the New York Chamber of Commerce the following appeal was unanimously adopted: To the Commercial Bodies and Business Men of the United States: “The Chamber of Commerce of the State of New York believes that the time has now come for a movement on the part of the commercial bodies and all men, whether engaged in farming, manufacture or trade, who are interested in commercial prosperity in the United States to remove from political agitation the question of the permanence of the standard of value upon which all the business of this country is transacted. It invites a co-opera-tion to this end, in an effort to create a strong public opinion in behalf of an unequivocal declaration by the political conventions of both of the great bodies in favor of the maintenance of our existing standard and of the elimination of all doubtful expressions in respect to the reopening of the mints in the United States to the free coinage of silver. “The time is past, if it ever existed, for any halting, doubtful phrasing rn express the meaning of political parties upon this important subject. We must have no platform that can be interpreted to mean one thing m one part of the land and another thing in another part of the land. “It is important to every business man, producer and wage earner to put a stop to the enormous cost to the government and to all our people resulting from the continuance of the agitation i in favor of the free coinage of silver, j which stands in the way of a revival | of confidence and national business i prosperity. “Therefore, we ask all citizens to unite in a vigorous effort to urge the selection of delgatys to the political parties who will advocate clear and distinct platform utterances in favor of the maintenance of the present gold standard of value. The time is short/ and action ought, therefore, to be all' the more prompt and determined.” Let us ask of whom does the New Aork Chamber of Commerce consist? Almost to a man, it is composed of this country’s bitterest enemies; mammonistic in their desires, cold and grasping, heartless in every sense, selfish in all commercial transactions, pitiless when want cries for aid, blind when poverty is in sight, deaf to labor’s appeal, heartless in every sense of the term when the interest of the masses is at stake. They are the emisaries of the Rothschilds and autocratic bankers of London, who, also, care not for the people of the United States or the masses of England, only in so far as they can rob them out of the small gains saved from hard labor. It is almost beyond belief, but nevertheless true, that in their manipulation of the financial machinery they have so arranged matters that one-half of people of this country rob the other half, and the poor dupes cannot see why or how it is. Jews, Gentiles and Mahometans have joined hands regardless of politics or religion. They centralize their money for one purpose alone— to control legislation. They care not which ticket a President may be elected on so long as he is subservient and will do their bidding. Cleveland. Carlisle, or McKinley will be acceptable this year. At present it looks as if McKinley had been selected for a winner, and the McKinley tariff question will be used as a hoodwink to blind the people. Carlisle, the Secretary of the Treasury, has been most lamentably defiled by this wicked combination. Only recently he was sent into Kentucky to deliver so-called “Sound Money” speeches for the purpose of disrupting his own party. * * * The time has gone by for these socalled “Sound Money” arguments to have the desired effect. The people of the South are too in: diligent to be bam-boozled by the carpet-bag windblowers sent among them by goldbug manipulators of finance. It can readily be seen why these yellow metallists are anxious to secure United States senators. They want a majority in the Senate. They will, however, expend millions of money to secure the election of a goldbug President, knowing that in him is vested the power of veto, while the silver men are numerically too weak to furnish the two-thirds majority necessary to make a law after the President has exercised his power of veto. Why is it that our wool-growers ax*e blind to their own interests? How much did the McKinley tariff of 13 cents per pound put on wool in 1890? Did it raise the price of wool? It only went up 3 cents per pound. Why did it not raise 13 cents per pound? Because we have a gold standard and nothing else, while the competitive wool producers in silver countries have either a double standard'or silver monometallism.' They are using the 50ceht silver dollar where we use the gold dollar. It is true that our gold dollar, as they use it, is worth two silver dollars. Here' is where the 100 per cent advantage comes in. They produce the same amount of wool with a silver dollar that we do with a gold dollar. We all have the world’s market to sell in. * * * Nearly all the world’s coins outside of the United States and Mexico are 15% to 1. This puts our silver dollar at a premium in all countries using the 15% to 1 ratio.

This is why the goldbugs would take ; our silver away and leave only gold i in the United States. The monopolists ; want our silver —are obliged to have it. ! We cannot blame them for buying our I silver at 50 cents on the dollar, when ' we realize that they are smart enough ; to byy our legislation, even from the ! page in the lower house to the President inclusive. If we could change the one billion two hundred million silver using people to a gold standard way of thinking it would give immediate relief. But this is an utter impossibility. In the first place the silver people do not want gold. In the second place, there is not one-fourth enough gold to supply the people. Again, the goldbugs would make a harder fight against this plan than they would to keep up a gold standard, as this is where they are at present making their money. The goldbugs are working the double cross! We imported, last year, 41,476 tons of lead. It cost 3 cents per pound, including 1 cent duty paid. Without duty this lead can be put on our shores for 2 cents per pound from Spain and Mexico, as its protection is paid for with 50-cent dollars. If one will give this subject a thought it will be seen that the lead costs $2 per 100 pounds in gold, or $4 in silver dollars. If silver should be remonetized our four silver dollars would be worth four gold dollars and lead could not be exported to our shores for less than 4 cents per pound, because they could not buy one of our silver dollars for less than 100 cents in gold. I mean that the silver dollar goes for the same value in their country for labor and domestic trade as it ever did. It does not matter what silver vis worth with us, any more than that the lower our silver is the better it is for them. Everything we export to them is valued by the silver dollar. If theii silver is worth 50 cents in gold, we must sell our products at about the same price. This means that everything has gone down correspondingly in gold value with the silver dollar. THE SHERMAN BILL. The Sherman bill, passed in 1890, was the greatest curse ever perpetrated on the American people. It was a deep laid plot concocted by the Rothchilds, and worked like a charm all the way through to Washington. The Shermanites, the Harrisonites and the McKinleyites acted as hired emisaries in this fight, carried it through successfully and won another great victory for their masters —the Rothchilds. On the other side, the true silver men fought the proposition with every argument imaginable. Scarcely one of them had a dollar invested in a silver mine, but they knew what the people wanted, and, like true patriots, fought the unholy scheme With all their might. Look the record up and find who the men were that voted against the atrocious bill and you will see they are still working for the people's interest. HAD A FREE COINAGE BILL PASSED at this time, instead of storing our silver and debasing it to a par with pig lead, but a small per cent of it would have been coined. The major portion would have gone on to the world’s markets and been distributed amongst one billion two hundred million people who are using silver every day The amount sent out would have averaged 25 cents per capita had this rule been followed for the past six years. This silver would have brought us $1.29 29-100 per ounce, paid in gold. The gold would have remained in the United States, general prosperity would have blessed the land, all products would have advanced in price with silver and the general increase in value of all properties in the United States would have aggregated at least ten billion dollars more to-day. WHY WAS THE SHERMAN ACT REPEALED? The question is an easy one to’ answer. In the first place the goldbugs of London wanted it, and were the direct cause of the Sherman bill being passed. After the unworthy bill had passed, these gold monometallists j saw they had debased the white metal and got It down just where they wanted it. They kne'w that with the bill taking up 51,000.000 ounces of silver per annum, the production of silver

falling off and the arts’ consumption increasing there would soon be no silver for the world’s market. There had been a mistake made, but these money makers had profited by the mistake. With their immense capital invested hemp, jute, and other products in India, they began to realize they would soon have no silver to work with, as India had nothing but a silver currency. This is the way the act was repealed. English capital ordered it done, and it. was done through t'heir emisaries in New York. Having perfect control of Cleveland and Carlisle at this time the work was made easy for the New York goldbugs. Cleveland called an extra session of Congress in August, 1893, for the purpose of pushing the goldbug interest to repeal the Sherman law. The whole plan was concocted by the Rcthchilds and was carried out in regular order by their agents in America. The New York goldbug banks contracted the currency in the United States with the result ihat thousands of banks and business houses suspended or were broke, and millions of people were ruined or so badly injured financially that they have never recovered. This was done to convince the people at large that the whole trouble lay in the Sherman bill, and it should be repealed to save the people. (?) One can easily see through the scheme. The English wanted our silver to supply silver coqntries. London has always been the world’s market place for silver. The greater portion of the world’s production goes to London first and is there parceled out for distributed to silver countries. According to last year’s statistics the SILVER IMPORTED INTO LONDON was only 57,000.009 ounces. The price paid for it was 333,190,000 in gold. Figuring the population of India alone at 250,000,000, gives a fraction cf over 15 cents per capita iq gold. When coined into silver at 16 to 1 it amounts to about 33 cents per,capita, but when divided with the silver world, 1,200,000,00*1 people, it would give them less than a nickel each; it would not even give them all a ride on a street car. This is only one year's production of silver that goes on the world’s market outside of what is used in the arts in the United States and coined in Mexico. It is the bone of contention which has caused all cur present financial trouble, llow remedy these evils? Pass a free coinage bill, 16 to 1; let,the silver go on to the world’s market at what it is worth in gold; keep the gold in our country and the price of labor and products in America will rise to their proper value. CLEVELAND AND CARLISLE. It is most surprising that a man like Cleveland, President of the United States, a man chosen to govern the people, should allow himself to be used as a mere tool to wor’* for English goldbugs as against the interest of'h:s own constituency and the masses- generally, whom he knows is in a starving condition. * * * During the panic of 1893 our vaults were loaded with silver coin. Carlisle, the once staunch friend of silver, carried the keys. At this time the distribution of $50,000,000 of this coin would have given perfect relief to the who’s country and saved from ruin millions of people. With a frivolous excuse he turned a deaf ear add cold shoulder to the pleading masses and quietly remarked “The people have nothing to say; Cleveland and I are running this machine.” As agent's, of the Rothchilds their work is well done. Carlisle wpnt further. He refused to comply with the Sherman law tnd buy silver before the act was repealed. It was part of the scheme to depress ihe people, to force the repeal act and then throw our silver on the English market at a debased figure for the benefit of English goldbugs. This was accomplished at the Cme when silver dropped t<- .59 cents per ounce, and all products tumbled with silver’s fall. This was the time Cleveland called au extra session of Congress to repeal (he Sherman act. With his bulldog tenacity and John L. SuiiJvan braga docia he threatened to kick every mao

oat of Congress who would not vote for the repeal of the bill and. through fear, many of the members voted ‘n its faror. Others voted for the repeal of tt* bill through ignorance of the people’s wants. Such ignorance is unpardonable and such cowardice reprehensible. , The election of such men should be guarded against in the future. Here is where, after ninety days’ hard fighting, Cleveland won a victory for the goldbugs, but it is also on record that since the beginning of this government he is the first President who disgraced the high office by grading his patronage for votes. While the repeal of the Sherman act brought great distress, 'twas better have it come that way than to suffer from slow poison for many years, as that was what the Sherman bill amounted to. An object lesson has been taught the people and they will profit by it * * * AT THE CRISP-SMITH DEBATE in Augusta, Georgia, March 21 last, it surprised many to see Hoke Smith in line with the goldbugs. However, it was a groundhog case with him. The Rothchilds had sent orders through their New York agents. Smith must obey or lose his political head. It was hard for Smith to be thus forced. He asked an old farmer from Richmond County, a silverite, if he had any silver mines to sell the government, and said: “Senators Jones and Stewart have them to sell and this is why they want free silver.” The answer was good. The farmer said: “I have some duck farms to sell the government for Cleveland to hunt on.” The applause was great, but the goldbugs, in order to turn the tide of opinion, threw several floral offerings on the stage. I have known Senators Jones and Stewart for many years, personally, and know that Senator Jones made a fortune from his silver and gold mines twenty years ago. If he has any interest in them now they are not for sale, as they are worthless., Jones’ work is for the people. Being the owner of one of the largest gold mines in the world—the “Treadwell,” of Alaska, having a vein hundred feet wide, which, yields gold work 300 stamps—the question might be asked: "Why is not Senator Jones a goldbug?” * * * Senator William' Stewart has never been a miner; he is p. lawyer by profession. He has never owned a mining interest, except possibly some wildcat stock, which kept him broke paying assessments. He is also a staunch friend of the people, one whose convictions are honest. He. is beyond the reach of goldbug iafluence, which only seeks to rob and starve the poor. Hoke Smith, in his Augusta speech, said: “We have more money now than we had when silver was demonetized.” It is true we have $16.87-100 per capita, or about $1,180,000,000 more money than we had twenty-three years ago. Mr. Smith, however, did not tell where this money is to-day. Had he quoted from the following table, published in the L’Economist-European, the explanation would have been complete. Thia journal shows the amount of gold concentrated in European banks during the past six years, commencing Dec. 31, 1890 $ 936,918,500 Ending March 12, 1896... 1,494,429,100 Showing a net gain 0f... 557,510,600 While this is true of Europe, the same may be said of America. At least one billion dollars of our gold has gone to goldbug countries in six years —about one-fourth of all the gold in the world.

At this rate but few years will elapse before all the gold in the world will be concentrated at a few points where the goldbug banks will have it, with the Rothchilds in the lead. The wise man can predict what will happen then. Why are the intelligent masses blind to this gigantic robbery? It is easily accounted for. With their immense wealth it has been an easy task to buy the press. No good silver paper is allowed to run for very long \in the goldbug centers if money will buy it. For twenty-five years this course has been pursued, and those who have so so wantonly sold their principles have become wealthy. Our gold is going away and becoming centralized. It shows what the repeal of the Bland-Allison act and substitution of the Sherman bill did for us. It has taken the gold from the people. Silver coin has been locked up. * * * Can Hoke Smith figure out how much money per capita there Is to the people outside of goldbug centers and vaults at Washington? If he can answer this question I will buy him a $lO goldbug silk hat. Pass a free coinage bill, 16 to 1, and the gold will be forced back where it belongs. COTTON. We imported last year $38,000,000 worth of .cotton, mostly in cloth. A large per cent of this came from Japan and other silver currency countries. * * * silver • countries can produce cotton at the same price in silver that it costs us in gold; hence, it is not surprising they can undersell us in any gold standard market. Texas, the largest and most fertile state in the Union, produced 3,114,000 bales of cotton last year, almost onethird the total amount raised in the United States. JOSEPH K. CLARK. One of the great questions of the hour is whether we shall pawn our credit with the national banks or not. Money should be the servant of mankind, but under the present system, with the banker controlling it, it is the master of the human family. / Free coinage of silver means more money, and that is what the people want.