Watson's Jeffersonian Magazine, (Vol. III, No. 1), January, 1909Various
History
Watson's Jeffersonian Magazine, (Vol. III, No. 1), January, 1909
Various
United States -- Politics and government -- Periodicals
Please answer the following questions in the Jeffersonian or Magazine
or both: Has the Democratic party, at any one time since the Civil War,
been in full control of the National Government? If so please give
proof, not that I wouldn’t believe you in every particular, but I want
to prove it to some “hot headed democrats” who don’t want to believe
you; also please give the time in which they were in control.
Hoping for an immediate reply, I am,
Yours for the cause,
W. G. STANLEY.
Answer:—In 1892, Cleveland was elected President as a Democrat, and
the Democrats had a majority both in the Senate and in the House during
Cleveland’s term of four years, 1892 to 1896.
The official records prove this, and no truthful Democrat who is posted
will dispute the fact. Suppose you refer the skeptics to Senators A. O.
Bacon and A. S. Clay.—T. E. W.
* * * * *
=QUESTION:= Why is it that the whole world presents the same general
picture of unrest, hard times, business depression, and unemployed
labor?
=Answer=: The Kings of High Finance have chained the whole world with
the gold standard, the effect of which is to contract the currency. A
contraction of the currency is invariably followed by the same results,
to wit—the ruin of the debtor class, the curtailment of business, the
suspension of work, and the creation of an army of the unemployed.
For three thousand years prior to the discovery of gold in California
(1856) both gold and silver had been in use, over the world, as money
metals. Now, however, gold alone is the standard of value, and the
money of final payment.
* * * * *
=QUESTION:= Why were gold and silver selected as the money metals?
=Answer: BECAUSE THEY ARE SCARCE=. By confining money to these two
precious metals, it was believed by the financiers that the volume of
real money would never get so large that they could not control it.
=The limitation of money to these two scarce metals was a practical
limitation to the supply.=
So matters stood throughout the world until the discovery of such vast
quantities of gold in California frightened the financiers. They feared
that so much gold would be added to the currency of the world that
prices would go down, bonds would decrease in value, and that they, the
financiers, would be unable to control the supply of real money.
Consequently, they hired able writers, like Chevalier and MacLarren, TO
WRITE AGAINST GOLD, in the same way that =THE MONEY KINGS HIRED DAVID A.
WELLS AND EDWARD ATKINSON TO WRITE AGAINST SILVER=, more than a century
later.
Germany and Austria excluded gold from their mints (1857) and Belgium
and Holland adopted the single silver standard.
* * * * *
=QUESTION:= What checked the demonetization of gold?
Public-domain text, read in full here on John Shaqi.
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