The International Bankers Dirty Secret

The noble class treated low class white wage-slavers with sneering contempt. Social standing was not the providence of the law, but the law followed the rule of the money and those who had money made the Law. Poor people have never had equality with the rich as the one-per-centers continue to prove without effort. To control the masses required  legal sophistries which poor people had no means of self-defense. Money ruled over America more forcefully than bayonet’s, as hunger was by far, more fiercely efficient than a blade has ever been. The crooks themselves were never subjects of any American law, instead they no doubt just laughed at the feeble fools inhabiting the D.C. square like tiny dogs in a cage. When immigrants flooded this country by the tens of millions, they laughed even more as this onslaught ensured labor costs were in the favor of their capital interests. National authority was just another means of control upon the subjects, which of course means citizens.

To peddle influence one has to have the ears of those whom the influence can benefit. In addition, the flood-gates of immigration were opened, thereby insuring that this new class of exploitable “foreign citizens” were ripe for the wage plucking. By the new ‘international’ quality of Naturalization these same  alien-residents-foreign-individuals were unquestionably the subjects of a new federal class of citizens. However, the real money was on the rise of the corporate Person, who as sheltered under the 14th— now had Rights just like those “other citizens” only much more important and influential where real power matters.

To understand more fully the nature of the war which was raging against the ordinary people of the Nation requires the historical insight from a writer of that general period — 1899  Mr. M. W. WALBERT:

—–“Injury inflicted upon the people of the United States as silver was demonetized was critical. What ensued in the form of The Panic of 1873 represented one of the most disastrous episodes in U.S history. The years of 1873 until silver remonetization in 1878 brought bankruptcies and financial disaster to millions. The economic distress, as concluded by prominent statesmen of the time, and many analysts since, was caused by “the shrinkage in the volume of money.”

———-{Particularly hurt were the net debtors, and among them the peasant class at most because they had to face a rising real value of their (generally heavy) debts combined with a decline in agricultural prices of about 3% a year.}

The silver producers, the Populist Party, the peasants and other classes badly struck by the new monetary regime united behind William Jennings Bryan, candidate of the Democrats for the Presidential elections of 1896 on a bimetallist (for inflation’s sake) and progressive platform which included women vote, income tax, end of American imperialism.}

The urban electorates, the net creditors (bondholders, bankers and financiers) and other apostles of “sound money ” joined the platform of the Republicans led by their nominee William Mc Kinley.

The Commercial Bulletin said:-

“The quickest, if not the only way to repeal the Silver Purchase Act is to precipitate a panic upon the country, as nothing short of this will convince the silver men of their error, and arouse public sentiment to a point which will compel the next Congress to repeal the Sherman law whether it wants to or not.”

While the money power of the United States, aided by the press and the unprecedented conduct of President-elect Cleveland, was engaged in the scheme to totally cut off the further coinage of silver, the New York banks were withdrawing tens of millions of gold from the Treasury and shipping it abroad. At the time these banks were engaged in this transaction, they raised the rate of interest on call loans to twenty-five per cent. While plundering the Government of its gold as a part of the scheme to force an issue of bonds, they robbed the people by extorting illegal rates of interest.

Every step taken by the money power to force a repeal of the Sherman law was cabled to London with the avowed purpose of influencing England to close the Indian mints to the free coinage of silver. Every step thus far taken by the money power of the United States and of England to strike down silver was in pursuance of a well-defined plan to shackle the people to an appreciating gold standard.

Shortly after the inauguration of President Cleveland, the national banks of New York City transmitted the following infamous circular to the thousands of banks scattered throughout the United States. The contents of the circular are as follows: –

“Dear Sir: The interests of national bankers require immediate financial legislation by Congress. Silver, silver certificates and treasury notes, must be retired and national bank notes upon a gold basis made the only money. This will require the authorization of from $5oo,ooo,ooo to $1,ooo,ooo,ooo of new bonds as a basis of circulation. You will at once retire one third of your circulation and call in one half of your loans. Be careful to make a money stringency felt among your patrons, especially among influential business men. Advocate an extra session of Congress for the of the purchasing clause of the Sherman law and act with the other banks of your city in securing a large petition to Congress for its unconditional repeal, per accompanying form. Use personal influence with congressmen and practically let your wishes be known to your Senators. The future life of national banks as fixed and safe investments depends upon immediate action, as there is an increasing sentiment in favor of Government legal tender notes and silver coinage.

In a great speech on the banking question, Thomas H. Benton, more than fifty years ago, so clearly, logically, and powerfully traced this bank credit currency system to its source that it merits careful reading. He said:-

“The banks at that center to which currency flows, hold the power of controlling those in regions whence it comes, while the latter possess no means of restraining them; so that the value of individual property, and the prosperity of trade, through the whole interior of country, are made to depend on the good or bad management of the banking institutions in the great seats of trade on the seaboard.

“But this chain of dependence does not stop here. It does not terminate at Philadelphia or New York, It reaches across the ocean, and ends in London, the center of the credit system. The same laws of trade, which give to the banks in our principal cities power over the whole banking system of the United States, subject to the former, in their turn, to the money power in Great Britain.

“It is not denied that the suspension of the New York banks in 1837, which was followed in quick succession throughout the Union, was partly produced by an application of that power; and it is now alleged, in extenuation of the present condition of so large a portion that their embarrassments have arisen from the same cause. From this influence they cannot now entirely escape, for it has its origin in the credit currencies of the two countries; it is strengthened by the current of trade and exchange, which centers in London, and is rendered almost irresistible by the large debts contracted there by our merchants, our banks, and our States.

“It is thus that the introduction of a new bank into the most distant of our villages, places the business of that village within the influence of the money power of England. It is thus that every new debt which we contract in that country seriously affects our own currency and extends over the pursuits of our citizens its powerful influence. We cannot escape from this by mating new banks, great or small, state or national. The same chains which bind those now existing to the center of this system of paper audit, must equally fetter every similar institution we create. It is only by the extent to which this system has been pushed of late, that we have been made fully aware of its irresistible tendency to subject our own banks and currency to a vast controlling power in a foreign land; and it adds a new argument to those which illustrate their precarious situation. Endangered in the first place by their own mismanagement, and again by the conduct of every institution which connects them with the center of trade in our our own country, they are yet subjected, beyond all this, to the effect of whatever measures, policy, necessity, or caprice, may induce those who control the credits of England to resort to.”

This great statesman, who so ably exposed the dangers of a bank currency which would degrade the United States into a mere dependency of the “Little Isle beyond the seas,” has long since passed away, but his solemn warning still beckons to the people, and points oat the folly of trusting themselves to the embrace of that boa constrictor – the banking monopoly.”

The mercenary character of the New York press, and its ownership by foreign capitalists and the national banking money power, is best illustrated by that veteran Journalist, Colonel Cockerill. He says: –

“The fashion of editing the more influential or the more successful daily newspapers by cablegram has completely destroyed what little virility was left in their editorial pages.

“The non-resident ownership of newspapers leads to one serious result, which, I think, has not been generally considered.

“The owner receives from his newspaper property, at stated intervals, returns in money. He is beyond the reach of proofs.

“The address of his banker is always known. Thither, on the first of every month, large sums of money must be forwarded.

“The tendency of non-resident ownership must, therefore, necessarily be to measure everything by a pecuniary test. The morale of the paper, its course of public measures, and its treatment of the interests of the people, whose trustee it professes to be, with such protestations, are considered only from the point of view of the counting room.

“The worst part of non-resident ownership is its ‘ absolute heartlessness.”

The New York Sun April 29, 1893, exposed this scheme of the New York banks, and charged that they sent abroad $11o, ooo, ooo of gold to assist the Rothchilds to demonetize silver in Austria and elsewhere. It said: –

“Let us point to another fact, and we are done. Never before have the large banking institutions of Chicago and the West ordered their gold in such large quantities direct from Europe, and in this fact is found one reason why our bankers are puzzled over the anomaly that, although all these millions are coming to the country, they experience little or no relief therefrom. The other reason, gentlemen, is, in order to force the repeal of the Sherman Act and to quickly establish your power over the plain people of this land, you first sent out of the country one hundred and ten millions of the people’s currency in order to assist the Rothchilds to demonetize silver in Austria and elsewhere, and then let it remain there, to teach the West and South an ‘object-lesson,’ as the President called it, until you found it was necessary to recall it in order to save your oun house from destruction. Now, you have not only taught the West and South an object-lesson, but yourselves one as well, and you can be sure of it.”

The Sun is an advocate of a single standard of gold, but the scoundrelism of the New York banks aroused its indignation.

During the waging of this war against silver by the national banking money power, aided by President Cleveland, the Herschell Commission was in session  in London, having under deliberation the question of closing the mints of India to free coinage.

The only obstacle in the way of England forcing India to a gold standard was the existence of the Sherman law.

On August 21st, Mr. Cooper, of Indiana, who, by some mysterious process, had suddenly become an advocate of the gold standard national banking system, delivered a speech laudatory of credit. He said:-

“Some gentlemen may ask, Why not have more money and less credit? My answer to that is this with credit you would not need the money and you would not want it, and without credit it would not circulate, and you could not get it, however great the volume might be. Besides, the world is not moving in that direction; The time has come when ‘a good name is rather to be chosen,’ even in the commercial world, ‘than great riches.’ A good name will cause the transfer of more property to-day than all the camels of Job could have carried. A good name unlocks the vaults of the usurer, turns the wheels of industry, and sets the sails of commerce upon the seas. Cash is the law of the savage, confidence an inspiration and instrument of civilization.”

Matthew Marshal, the able financial editor of the New York Sun, exposed the conspiracy of the banks in aggravating the distress then prevalent.

On August 21, 1893, he said: –

“The question is, how much longer our banks can, without bringing on a catastrophe, continue in their course of increasing the volume of clearing house certificates and of denying to their depositors payment in lawful money of their checks. Thus far depositors have been very patient and have good-naturedly submitted to the enforced scaling down of their dues; but they cannot be expected to submit to it forever. A bank that cannot or will not pay claims against it in the regular course of business is, by the decisions of our State courts, insolvent, and, if the Bankrupt Act of 1867 were now in force, a refusal by a bank for forty days to pay checks on demand would be a commission of bankruptcy.”

The clique of national bank congressmen did not even attempt to repel these bitter accusations. They knew they were true in every particular.

On August 18, Hon. J. C. Sibley referred to the false reports spread abroad by these lawless speculators, and he instanced this recent case. He said: –

“Another reason for your panic has been chargeable directly to the action of your Wall street gamblers, who have circulated rumors by the wholesale. They permitted one of these gamblers to go into their chamber a few weeks ago and announce that one of the greatest banks in New York had failed. And how did that body punish him for putting in circulation this false report? They suspended him for a year; and it is said his profits through bear operations since this panic commenced have netted him in clear cash over $1o,ooo,ooo. I think he can afford to stand the suspension. ”

Is it not singular, that every effort made by the associated banks of the United States against silver, met the hearty approval of the influential press of Great Britain?

“I believe in the people, in universal suffrage as fitted to secure the best results that human nature leaves possible. If corruption seems rolling over us like a flood, it is not the corruption of the humbler classes – it is millionaires, who steal banks, mills and railways; it is defaulters, who live in palaces and make away with millions; it is money kings, who buy up Congress; it is the demagogues and editors in purple and fine linen who bid $5o,ooo for the presidency itself.”- Wendell Phillips.

On August 25th, Senator Hill, of New York, strongly arraigned those men who brought on the panic. He said: –

“Some portion of the present panic may be traced to a concerted effort on the part of numerous monometallists to produce it, in order to further discredit silver as a part of the standard money of the coin. That fact is apparent everywhere we turn. We observe it in their senseless arguments constantly used against free bi-metallic coinage and their ceaseless endeavors to confuse the present issue by characterizing it as a contest between monometallism and bi-metallism. They seemed to be delighted when the first ray of financial trouble appeared. They hailed the recent action of India with ill-concealed satisfaction. They talked against silver, morning, noon, and night.

They denounced, not simply the Sherman silver purchase bill, but the future use of silver as money. With ghoulish glee they welcomed every bank failure, especially in the silver States, little dreaming that such failures would soon occur at their own doors. They encouraged the hoarding of money, they inaugurated the policy of refusing loans to the people even upon the best of security; they circulated false petitions, passed absurd and alarming resolutions, predicted the direst disaster, attacked the credit of the Government, sought to exact a premium upon currency, and attempted in every way to spread distrust broadcast throughout the land.

“The best financial system in the world could not stand such an organized and vicious attack upon it.

These disturbers-these promoters of the public peril – represent largely the creditor class, the men who desire to appreciate the gold dollar in order to sub-serve their own selfish interests, men who revel in hard times, men who drive harsh bargains with their fellow men in periods of financial distress, and men wholly unfamiliar with the true principles of monetary science.

“It is not strange that the present panic has been induced, intensified, and protracted by reason of these malign influences. Having contributed much to bring about the present exigency, these men are now utterly unable to control it. They have sown to the wind, and we are all now reaping the whirlwind together.”

From 1792, up to and inclusive of 1892, the value of gold produced in this country was $1,987,ooo,ooo, of silver only $1,146,869,ooo, excess of gold over silver, $841,ooo,ooo.

Senator Teller challenged the gold monometallists to point out where this “flood of silver” was stored up.

They feebly referred to India!

This is an example of the arrogant demands of the panic breeders, railway wreckers, trust organizers, stock, and grain gamblers.

That these men presumed that they owned the fee simple of the United States Government, is evident from an interview with a banker, published by a New York paper. In substance it is as follows: –

It was rumored that the President and the Secretary of the Treasury had a conference with reference to removing the ten per cent tax on State bank notes. A reporter requested the opinion of Mr. Simmons, President of a great national bank of New York, upon the merits of the proposed measure. Mr. Simmons replied as follows. He said:-

“Well I have not examined the proposition very closely, but do not think that I would like it. However, there need not be any solicitude, because the administration will not pass any financial legislation without consulting us; hence there need be no anxiety on the part of the public regarding the subject.”

Another banker, on being interviewed by the reporter, stated that no financial bill would pass which did not meet the approval of the bankers.  After a long debate in the Senate, the repeal bill was passed October 30, 1893. It was sent back to the House for concurrence, as the Senate had added a few slight amendments to the House bill.   After a short debate the House concurred in the Senate amendments, and the bill became a law November 1, 1893.

The effects of the panic, which was created by the national banking money power to coerce Congress into repealing the purchasing clause of the Sherman law, are beyond the descriptive powers of language.

It is safe to state that the loss on agricultural products, resulting from the repeal of the Sherman law in the United States and the closing down of the mints of India to the free coinage of silver, amounted to hundreds of millions of dollars.

And yet the passage of that Repeal Act was procured on the false pretense that prosperity would return to bless the people.

It was further stated that the repeal of the Sherman law was necessary to prevent the exportation of gold from the United States. This was another hypocritical plea to aid in the passage of the repeal, for, in a single year after that act was consummated, one hundred and twenty millions of dollars in gold were drawn out of the Treasury by that set of knaves who had urged repeal as a means to protect the gold reserve.

The number of failures for the year 1893 loomed up to the portentous figures of 15,242, with liabilities of $346,779,889.

The extent of suffering among the working classes cannot be estimated, all of which was the direct result of the conspiracy organized by the national banking money power, and which was executed by its minions throughout the length and breadth of this land.

The New York Tribune estimated the shrinkage of value of all kinds of property at ten billions of dollars during this panic, which it bad urged the bankers to inflict upon the- people as an “object-lesson. ”

Other competent writers estimate the shrinkage of values, in 1893 and 1894, at not less than twenty billions.

It was lamentable.

“When the laws undertake to add to these natural and just advantages artificial distinctions; to grant titles, gratuities, and exclusive privileges; to make the rich richer and the potent more powerful, the humble members of society, the farmers, mechanics, and laborers, who have neither the time nor the means to secure like favors to themselves, have a right to complain of the injustice of their Government.- Andrew Jackson.

In October, 1894, the National Bankers’ Association met at Baltimore. During this meeting Hon. J. C. Hendrix, of whom mention has been made in these page, delivered a speech in the course of which he thus sneeringly referred to Congress:

“Men who never had a discount in their lives, and would not be entitled to one; whose highest occupation has been sitting on a barrel at R corner grocery, whittling a piece of wood; others who have followed the plow all day in the hot sun and tried to settle, by the rule of thumb, questions of political economy, over which men of scientific attainments have studied and grown gray-such men come or send their like to the halls of Congress, and they want to dictate the financial policy of the country. ”

This sarcastic allusion to members of Congress was cheered to the echo by the hundreds of national bankers present during its delivery.

This cuckoo national bank member of Congress, who spoke so derisively of his fellow legislators, had been, prior to his election to that body, a citizen of Missouri, and from thence had migrated East. He was appointed postmaster of Brooklyn during the first administration of President Cleveland, and after his term of office had expired, became President of a national bank. He was elected to Congress, where his labors in behalf of banks were indefatigable.

It was during this bankers’ convention that Charles C. Homer, President of a national bank of Baltimore, brought forward what is known as the Baltimore plan of banking, a scheme which met the approbation of the associated banks.

This plan proposed that all paper money should be issued through the medium of the national banks, and that the redemption of all such bank notes should be guaranteed by the Government.

In the meantime, the banking monopoly was forming plans to seize upon, and to appropriate to itself, the complete and absolute issue and control of the currency.

These deeply-laid schemes did not coincide in every particular, but they all concurred in the principle that the banks should issue bank notes to circulate as money, and that the Government should burden itself with the responsibility of finally redeeming all such notes eventually in gold.

The banks of issue, however, were to be the sole beneficiaries of each and every system so proposed.

President Cleveland aligned himself in behalf of these demands of the banks.

This man who persistently exhibited the supposed dangers of a fiat money,” and who wanted the “best money of the world” as a medium of exchange, was really a fiatist of the most extreme type.

On January 8, 1895, that noble tribune of Democracy, Hon. J. C. Sibley, boldly assailed the coercive measures of the administration for its attempts to push this bill through under whip and spur, and the speaker incidentally exposed the dastardly means by which the repeal of the purchasing clause was secured in August, 1893. Mr. Sibley said:

“Have Americans become so spiritless that they have no rebuke for the imperiousness of a would-be autocrat? No answer to the attempted usurpation of legislative rights? Do men tell me that the power of the administration was not used to force the repeal of the Sherman bill? Why, Mr. Chairman, there are members of this House who told me with their own lips that they were against the repeal of this bill, and four days afterward they came forward and voted for it, and when a few months afterward I asked them why, they told me that their banks asked it and that they had been promised positions for constituents if they supported the repeal! Are the offices, are the positions of trust of the country to be bestowed upon those persons, and those persons only, who support the will of the Chief Magistrate?”

On February 8, 1895, the Secretary of the Treasury negotiated a secret contract with two great banking houses of London, England, for the sale of $62,000,000 of 4 per cent thirty-year bonds.

The text of the infamous contract is -is follows:
“This agreement entered into, this 8th day of February, 1895, between the Secretary of the Treasury of the United States, of the first part, and Messrs. August Belmont & Co., of New York, on behalf of Messrs. N. M. Rothschild & Sons, of London, England, and themselves, and Messrs. J. P. Morgan & Co., of New York, on behalf of Messrs. J. S. Morgan & Co., of London, and themselves, parties of the second part.

“Witnesseth: Whereas it is provided by the Revised Statutes of the United States (section 3,700) that the Secretary of the Treasury may purchase coin with any of the bonds or notes of the United States authorized by law, at such rates and upon such terms as he may deem most advantageous to the public interests, and the Secretary of the Treasury now deems that an emergency exists in which the public interests require that, as hereinafter provided, coin shall be purchased with the bonds of the United States, of the description hereinafter mentioned, authorized to be issued tinder the act entitled `An act to provide for the resumption of specie payments, approved January 14th, 1875, being bonds of the United States described in an act of Congress approved July 14th, 1870, entitled `An act to authorize the refunding of the national debt.’

“Now, therefore, the said parties of the second part hereby agree to sell and deliver to the United States 3,500,000 ounces of standard gold coin of the United States, at the rate of $17.80441 per ounce, payable in United States 4 per cent, thirty-year coupon or registered bonds, said bonds to be dated February 1, 1895, and payable at the pleasure of the United States after thirty years from date, issued under the acts of Congress Of July 14, 1870, January 20, 1871 and January 14, 1875, bearing interest at the rate of 4 per cent. per annum, payable quarterly.

“First, Such purchase and sale of gold coin being made on the following conditions:

“1. At least one half of all coin deliverable herein under shall be obtained in and shipped from Europe, but the shipments shall not be required to exceed 300,000 ounces per month, unless the parties of the second part shall consent thereto.

“2. All deliveries shall be made at any of the sub-treasuries or at any other legal depository of the United States.

” 3. All gold coins delivered, shall be received on the basis Of 25.8 grains of standard gold per dollar, if within limit of tolerance.


“4. Bonds delivered under this contract are to be delivered free of accrued interest, which is to be assumed and paid by the parties of the second part at the time of their delivery to them.

“Second, Should the Secretary of the Treasury desire to offer or sell any bonds of the United States, on or before the 1st (day of October, 1895, he shall first offer the same to the parties of the second part; but thereafter he shall be free from every such obligation to the parties of the second part.

“Third, The Secretary of the Treasury hereby reserves the right, within ten days from the date hereof, in case he shall receive authority from Congress therefor, to substitute any bonds of the United States, bearing 3 per cent. interest, of which the-principal and interest shall be specifically payable in United States gold coin of the present weight and fineness for the bonds herein alluded to; such 3 per cent. bonds to be accepted by the parties of the second part at par, i. e., at $18.60465 per ounce of standard gold.

“Fourth, No bonds shall be delivered to the parties of the second part, or either of them, except in payment for coin from time to time received hereunder; whereupon the Secretary of the Treasury of the United States shall and will deliver the bonds as herein provided, at such places as shall be designated by the parties of the second part Any expense of delivery out of the United States, shall be assumed and paid by the parties of the second part.

“Fifth, In consideration of the purchase of such coin, the parties of the second part, and their associates hereunder, assume and will bear all the expense and inevitable loss of bringing gold from Europe hereunder; and, as far as lies in their power, will exert all financial influence and will make all legitimate efforts to protect the Treasury of the United States against withdrawals of gold pending the complete performance of this contract.

“In witness whereof, the parties hereto have here-

unto set their bands in five parts, this 8th day of February, 1895.
Secretary of the Treasury.

Secretary of the Treasury.
August Belmont & CO.,

On behalf of Messrs. N. M. Rothschild & Son,

London, and themselves. .


On behalf of Messrs. J. S. Morgan & Co., London,

and themselves.


W. E. Curtis.
Francis Lynde Stetson.”

If any citizen of the United States doubts that there is a great international gold and bond trust, seeking to bind the world to its golden chariot, let him read this notorious contract and be convinced of his error.

A construction of this contract discloses the following remarkable facts: First, that two American banking companies of New York City represented two great banking houses of London, England, and Secretary Carlisle presumably the United States. Second, the gold coin so purchased should be paid into the Treasury at the rate of 300,000 ounces per month, except these foreign firms should agree to make larger monthly payments. One half of this gold was to be obtained in Europe. Third, the Secretary of the Treasury bound himself not to offer or sell any bonds of the United States to any other parties, on or before the 1st day of October, 1895, without first offering all such bonds to this foreign syndicate. This placed the Government at the absolute mercy of alien bankers, and was a most cowardly surrender of the interests of the people to a foreign gold trust. Fourth, the Secretary of the Treasury reserved the right to substitute bonds specifically payable in United States gold coin, provided Congress should confer authority upon him to make such substitution.

The purpose of this clause in the contract was, should Congress consent thereto, to issue bonds specifically payable in gold coin, and thus commit the country to an issue of gold bonds. Therefore, should the United States issue an obligation specifically payable in gold, this example would be followed by every creditor, and every mortgage, bond, note, or other security, or evidence of debt, would become a gold obligation, and the nation and its citizens would be bound hand and foot, and delivered over to the tender mercies of the national banking money power and the international gold trust.

Is there an international gold trust? Clause five,of paragraph four, of this contract, is an explicit acknowledgment on the part of the United States, that there is such an institution. That clause is as follows: “In consideration of the purchase of such coin, the parties of the second part, and their associates hereunder, assume and will bear all the expense and inevitable loss of bringing gold from Europe hereunder; and as far as lies in their power, will exert all financial influence, and will make all legitimate efforts to protect the Treasury of the United States against the withdrawals of gold, pending the complete performance of this contract.

Think of it! This great nation having resources far exceeding the whole of those of Europe, with a population of seventy millions of energetic people, ascertaining that its Secretary of the Treasury had bought the protection of a foreign bond syndicate!

Let them further ponder, that this syndicate considered itself so powerful, that it could protect the Treasury of the United States against the withdrawals of gold therefrom.

The absurd pretense put forth by President Cleveland and his adherents, that the national credit must be strengthened by substituting the term gold, for that of coin in its obligations, was fully exposed by subsequent events.

Ten days after the issue of the original bonds, nearly thirty millions of them were sent to London to be sold by the syndicate. In twenty-two minutes after these bonds were placed on the market, the subscriptions for them amounted to ten times the sum total of the bonds.

To-day, these bonds that were thus disposed of by this nefarious contract to a foreign syndicate at $1.04 1/2, are now worth $1. 29 1/2–being an advance of twenty-five cents on the dollar!

Again the bold attempt of President Cleveland to fasten the gold standard on the country ignominiously failed.

On February 7, 1895, one day previous to the communication of the bond contract, House bill 8,705 was brought forward in the House of Representatives. This measure proposed to authorize the Secretary of the Treasury to issue $500,000,000 of bonds to maintain a sufficient gold reserve, and to redeem and retire United States notes.

These repeated attempts of the administration, and its satellites in Congress, to burden the people with an enormous bonded indebtedness, is one of the most remarkable phenomena in all history. It seemed that the whole energy of President Cleveland was directed with an eye single to loading down the country with a vast perpetual debt, even though it would ruin the party which had honored him so frequently. He unscrupulously used the immense patronage of his office to force his measures through Congress, but beyond securing the repealing of the purchasing clause, he failed in every instance to coerce Congress into submission to his will. He likewise failed in this proposed bond measure, for, on a motion to engross the bill and pass it to a third reading, it was defeated by a vote of 162 nays to 135 yeas.

In a few months after the secret bond contract with the Morgan/Rothschild syndicate, the attack upon the gold reserve began anew, as the bank of England bid $4.91 for gold, being equivalent to a premium of one per cent on the dollar. Whenever the bank of England desired to increase its stock of gold, it raised the price at its counter, and this policy attracted gold from all over the world. The usual exchange value of a British sovereign in gold is $4.86, therefore, by raising the price to $4.91, it gave notice to all the world that it was offering a premium for gold.

In August, 1895, while the rate of exchange stood at $4.91, the New York bankers raided the reserve to obtain gold to ship to London for this premium. In that month, $15,000,000 was withdrawn from the Treasury and exported to that country. In the following month, the high rate of exchange still continued, and the gold gamblers of Wall street drew $16,000,000 out of the Treasury for exportation. This process still continued, and, in the meantime, the administration opened negotiations with the banking house of J. P. Morgan & Co., for the disposal of $200,000,000 of thirty-year 4 per cent, bonds at private sale.

This brazen attempt of the administration to again sell bonds at private sale to this syndicate, at a figure away below the market price, brought forth such a storm of indignation and protest that even President Cleveland quailed before it.

Therefore, on January 6, 1896, Secretary Carlisle issued a circular, inviting proposals for the sale of 4 percent, thirty-year bonds. The bids received for this proposed series of bonds aggregated $568,259,850— more than five times the amount of the bonds offered.

The Morgan syndicate offered to take the whole issue at $1.1069. This bid was six per cent higher than the syndicate would have paid at private sale, had it been consummated. It was a little over six per cent more than the syndicate paid for the issue of the $62,000,000 of February 8, 1895. There were 780 bids at prices higher than that offered by the Morgan syndicate.

The facts detailed in the foregoing pages exhibit the wonderful prescience and the consummate plans of the national banking money power, as follows:

I. It secured the partial demonetization of government legal tender currency in 1862-3;

2. The payment of interest upon a vast bonded debt in coin, and, therefore, it obtained absolute control of the gold of the country;

3. The establishment of national banks to issue paper money, which could only be put into circulation by building up a creditor and a debtor class;

4. The control of the entire volume of money in the country, as a means of securing possession of the great railway properties, and to organize those mighty trusts which now monopolize all production and distribution

5. The demonetization of silver as a means of holding the West and South in subjection to its will;

6. The consolidation of all great moneyed corporations, with the view of subjecting the productive energies of the nation to its domination;

7. It has joined hands with the money power of England in as efforts to control Federal legislation;

8. It had, time and again, used its immense power to thwart the will of the people as expressed through Congress;

9. It has asserted a superiority above all law and the Constitution, and has declared that its fiat is more powerful than the authority of this nation;

10. It has robbed the Government of its highest sovereign power-that of issuing and controlling the medium of exchange.


1. The restoration to the Government of the power of issuing and coining money.

2. The permanent destruction of the national banking system.

3. The application of the principles of Jefferson to the administration of government.

“Oh, beware my fellow-citizens, of stock jobbers or banking associations who have an interest as distinct from that of the community, as that of drones from that of bees. Oh, beware, ye legislators, how you create a moneyed aristocracy, as dangerous to government as Pretorian bands in Rome, or Janissaries in Turkey. Let me repeat that: I behold this country as the asylum of the afflicted, the sanctuary of the oppressed, of which the eyes of philanthropists are everywhere fixed with affection and anxiety. Moral feelings, common interests, and general principles unite as a band of brothers. Whatever appertains to the general welfare should emanate from the general Government. This is the spirit of our Constitution-this is the central axis upon which the Union must revolve, and any important deviation must make all return to chaos. If I am assailed for this interference I shall reply, Homo sum et nihil humani a me alienum puto. “—-Thomas Jefferson. {:  I am a human being: I regard nothing of human concern as foreign to my interests}

“It is to the property of the citizen, not to the demand of the creditor of the State, that the original faith of society is pledged. The claim of the citizen is prior in time, paramount in title, and superior in equality.”- Edmund Burke.

It was then that the strategy of Chairman Mark Hanna, of the Republican National Committee, came to the- rescue of McKinley, by calling into requisition, the moneyed assistance of the gigantic corporate interests of the nation.

The great railway corporations, controlled to a very large extent by British capital, organized their hundreds of thousands of employees into “sound money” clubs, who were plainly given to understand that further employment depended upon the success of the Republican candidates.

The loan and mortgage companies of the East, holding billions of dollars of mortgages on the farm lands of the West and South, notified their debtors, that, in the event of the success of Mr. Bryan, they would close in on them and sell them out; but that if McKinley was elected, these mortgages would be renewed.

The immensely wealthy life insurance companies flooded the country with millions of letters, urging their policy holders to support McKinley and Hobart, and these philanthropic corporations stated, in these documents, that they did not wish to be compelled to pay their policies in “cheap dollars.” This scheme was very effective.

The saving banks, and building and loan associations were also guilty of this deception. Thousands of banks notified their multitudes of borrowers, that it was necessary to elect the Republican ticket in order to obtain a continuation of banking favors.

As a necessary result of this campaign of fraud, lying, coercion, and intimidation, practiced upon the people, the Republican ticket was elected, receiving 271 electoral -votes, to 176 for Bryan and Sewall.

One remarkable feature of this election was the enormous increase in the vote in the states of Iowa, Michigan, Wisconsin, Illinois, Indiana, Kentucky, Ohio, and West Virginia, all of which were carried for McKinley and practically assured his election.

Immediately upon the results of the election becoming known, the national banking money power made known its demands through the press.

On the day succeeding the election, Lyman J. Gage, President of the First National Bank of Chicago, came out in an interview published in one of the leading Chicago papers, in the course of which be stated that sufficient bonds should be issued to take up all the silver dollars in circulation, and the bullion composing them should be thrown upon the market and sold as “junk”; that the greenbacks and treasury notes should likewise be taken up by an issue of bonds and destroyed; that a billion of bonds payable in gold, and running for one hundred years, and exempted from taxation, should be issued as a basis for national bank currency.

The speech of President McKinley was highly gratifying to the Tory press of Great Britain.

On January 31, 1898, a leading gold standard paper of Chicago, published a cablegram from London, headed as follows:

“American stocks advance.” “McKinley’s speech pleases British speculators and investors.”

The article goes on to show that American railway stocks led the market, and that Spanish bonds rose in value.

On the same page of the journal, from which we have quoted, is a special dispatch from New Castle, Delaware, exhibiting an awful state of affairs among the working people of that city.

This article is headed as follows: “Dire want in New Castle, Delaware.” “Six families found starving-six hundred idle iron workers. ”

This dispatch goes on to show that the families of six hundred idle iron workers were crying for food, and that fifty families had left the town in a single week to escape starvation.

Starvation for honest Americans, wealth for British stock gamblers and speculators.

This is an illustration of the effects of the policy of President McKinley, who, during the campaign of 1896, struck an impressive attitude before the cheer- multitudes, and told them that the only means of restoring prosperity were to “open up the mills.”

In the meantime, trusts and other illegal combinations of capital continued to multiply with alarming rapidity, having for their object the absolute monopoly of production and distribution.

Foremost was that colossal railway trust, the joint Traffic Association, with a capital of more than $2,ooo,ooo,ooo, and organized through the efforts of J. Pierpont Morgan, the American agent of British capitalists. To a very large extent, this association was formed out of the railways wrecked during the panic, and whose stocks were purchased by these foreign capitalists at a mere fraction of their former values.

To place before the reader the immense possibilities for oppression that is within the power of a combination like the joint Traffic Association, the fact should be constantly kept before him, that single railways have been empowered, by unjust discriminations in freight charges between different localities, to blight the prosperity of towns, cities, and even whole sections of the country, and to build up more favored points on the ruins of the former; that these corporations have, by systems of secret rebates, bankrupted tens of thousands of enterprising citizens, while a few favored shippers have been enabled to create the most gigantic monopolies of any age, and to accumulate the wealth earned by the toil of millions. It is trite that this railway trust was declared illegal by a late decision of the Federal Supreme Court by a vote of five to four of the judges composing that tribunal.

At the present time, there are hundreds of trusts in full operation, and they have become so menacing to the rights of the people, that the public press is demanding prompt action against these combinations by the Federal Government.

In almost every instance, the promoters and managers of these trusts are closely identified with the national banking money power.

The national banks of New York City, Boston, and other commercial centers are combining their assets, now aggregating more than $4,000,000,000, under single managements.

Flushed with political success in 1896, the privileged money power and the trusts are reaching out to control the influential colleges and universities of the land-seats of learning whose precincts should be sacred to the dissemination of knowledge-but which -ire now sought to be made instrumentalities to uphold the tenets of an aggressive plutocracy.

In the early part of 1897, occurred the most notable instance of this attempted perversion of these centers of learning, in which it was sought to humiliate tile learned and distinguished R. Benjamin Andrews, President of Brown University.

Be it remembered that this renowned institution was placed in the front rank of American colleges mainly through the ability of Professor Andrews.

The minions of corporate greed regarded this scholar and educator as a shining mark against which to direct their attacks, and incidentally to pattern this university after that of Oxford, England, which has always been the servile apologist of kingly tyranny.

This last mentioned institution was a school, which, for centuries, taught the infamous doctrine that kings rule by divine right, and that they can do no wrong.

To quote the language of Pope: “The divine right to govern wrong- was the special birthright of British kings according to the tenets of Oxford.

At the command of the dissolute Charles II., it had exiled its greatest ornament, John Locke; and had committed the sublime works of Milton to the flames, because this great man advocated the rights of conscience, the liberty of thought, and the enlightenment of the masses.

It behooves every citizen of this great republic to verse himself in the principles of free government to watch diligently the trend of public opinion, to scan the proceedings of legislative bodies, to familiarize himself with the character of the public men who aspire to be the legislators of the people, that he may cast his vote in a manner becoming an American freeman.

That there is a gigantic combination of the money dealers, a powerful international trust of usurers, asserting a superiority above all jurisdictions, and having for its servants the so-called statesmen and potentates of various nations, who willingly register the decrees of this money power upon the statute-books of the respective states, is a fact that can be sustained by irrefutable evidence.

This great international monetary trust now menaces the very life of this nation, and the people must dethrone it and subordinate it to their will, or American liberty will vanish.

The Declaration of Independence, which announced the true principles of government, was a memorable protest against the rapacious money power composed of the landed aristocracy, the trading, commercial, and manufacturing interests of England, which, by a long series of vicious and unconstitutional acts of Parliament, sought to eat out the substance of the colonists. ——-

After absorbing the information so far of this long running historical battle it is not a great leap of faith or logic to conclude the People lost the war against the enemy in a fog of political rhetoric.  The manipulations and schemes of the foreign powers to keep the American people under the whip of a taxing agent for the expressed purpose of paying “Tribute taxes” thinly disguised as bond debt, enacted under the banner of “income taxes” is the Red pill of truth.

The curious and rather bizarre use of so many indeterminate terms, to describe people in awkward relationships, to the purpose of taxing every possibility of money making, is a giveaway something else is actually being accomplished. The Code is written to hide the fact it is operating as a great mechanism to remove as much wealth as possible by extraction, from the nation as a whole, by obtuse methods of classification, which presume no Rights exist at all. Any man who resists is punished as If merely asking for his Rights to be honored is the proof of his guilt!

The 1939 version of the Code is superior in many ways to the 1954 version because it included clear examples and referenced the “authority” for those provisions. The strange thing is it reads as if the American people lost a war and were under foreign ruler-ship. The code dictates every last detail over every conceivable quality of foreign Trade and business as a Master demands of his slave. By the end of world war 2 it must have been quite clear that this quality of demand was not going to work as envisioned.

I maintain the radical idea that General Patton was not supposed to win the war— His knowledge of secret deals apparently led to his murder:

—–“The newly unearthed diaries of a colourful assassin for the wartime Office of Strategic Services (OSS), the forerunner of the CIA, reveal that American spy chiefs wanted Patton dead because he was threatening to expose allied collusion with the Russians that cost American lives.

The death of General Patton in December 1945, is one of the enduring mysteries of the war era. Although he had suffered serious injuries in a car crash in Manheim, he was thought to be recovering and was on the verge of flying home.

“But after a decade-long investigation, military historian Robert Wilcox claims that OSS head General “Wild Bill” Donovan ordered a highly decorated marksman called Douglas Bazata to silence Patton, who gloried in the nickname “Old Blood and Guts”.

His book, “Target Patton”, contains interviews with Mr Bazata, who died in 1999, and extracts from his diaries, detailing how he staged the car crash by getting a troop truck to plough into Patton’s Cadillac and then shot the general with a low-velocity projectile, which broke his neck while his fellow passengers escaped without a scratch.”—-}

So having set up the American people, who were forbidden to own the so-called barbaric metal, or silver for reasons even more absurd, to be under a tax whip which has no moral constraint, the deeper truth as to why lawful dollars were no good as money was politically a dead issue. The stage was set for a mass “capitation” tax to be pushed on the people Marx style.  It is also empirically obvious that gold and silver were quite valuable or those shyster bankers would have demanded something else to settle those Bonds. How many swindles does it take to bankrupt a country was answered by the time of the New Deal. The synthetic dollar hailed as good as gold, but not as barbaric, was about to go into mass production by the debt machine. Politically, the people were being properly conditioned to accept the noose and if not the IRS was ready and willing with a big stick inscribed ‘voluntary’ compliance. Either way people were going to be marked with a bright red, ‘citizen’ bulls-eye and no amount of “Rights” was going to keep the tax man from getting the Return.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: