The Coming Battle

Chapter VII  - National Banks Secure a Continuation of Their Existence

Chapter I
Origin of the Money 
Power in America

Chapter II
Origin of the Present National Banking System

Chapter III
National Banks and Silver

Chapter IV
Conspiracy of New York and London Bankers
and Bond Holders to Demonitize Silver

Chapter V
Efforts to Remonitize Silver and Preserve the Greenback

Chapter VI
The National Banks Wage War Upon the Credit of the United States

Chapter VII
National Banks Secure a Continuation
of Their Existence

Chapter VIII
The National Banking Money Power Secures
Complete Control of the Treasury

Chapter IX
Money Power of England and United States Combined to Annihilate Silver

Chapter X
National Banking Money Power Brings on the Panic of 1893

Chapter XI
Special Session of Congress Repeals
The Sherman Law

Chapter XII
Senate Votes for Repeal

Chapter XIII
Efforts of Administration to Force Carlisle Bill Through Congress

Chapter XIV
National Banks and the Administration
Combine to Issue Bonds in Time of Peace

Chapter XV
Campaign of 1896

"The abandonment of silver will result in the enhancement of the burden of all debts and fixed charges, acting as a drag upon production, and suffocation, strangulation, are words hardly too strong to express the agony of the industrial body when embraced in the fatal coils of a contracting money."  --Francis A. Walker

"Many of our rich men have not been content with equal protection and equal benefits, but have besought us to make them richer by act of Congress. By attempting to gratify their desires we have, in the results of our legislation, arrayed section against section, interest against interest, and man against man in a fearful commotion which threatens to shake the very foundation of our union.

"It is time to pause in our career; to review our principles, and, if possible, to revive that devoted patriotism and spirit of compromise that distinguished the sages of the Revolution and the fathers of out nation. If we cannot at once, in justice to interests invested under improvement legislation, make our Government what it ought to be, wecan at least take a stand against all new grants of monopolies and exclusive privileges; against any prostitution of our Government to the advancement of a few at the expense of the many, and in favor of compromise and gradual reform in our code of laws and system of political economy."         --Andrew Jackson

The National Republican Convention met in Chicago on the 2nd of June, 1880. Among the leading candidates striving for the nomination for President were John Sherman, General Grant, and James A. Garfield. After a long contest, lasting seven days, the latter received the nomination. The Vice-Presidential candidate was Chester A. Arthur of New York.

On the 27th of June, 1880, the Democratic National Convention met in Cincinnati, and its deliberations resulted in the nomination of Major-General Winfield S. Hancock for President, and William H. English, of Indiana for Vice-President.

After the 4th of March, 1881, the Republicans had full control of the Government, and there was no obstacle in their way to hinder or obstruct the execution of their policy.

William Windon, of Minnesota, was selected by President Garfield for the post of Secretary of the Treasury.

During the Senate debate on the joint resolution to renew the charters of the national banks, Senator Voorhees eloquently and truthfully depicted the vast bounties that had been bestowed upon these creatures of Government. He pointed out the overshadowing influence of the national banking power.

"This Government is at the mercy of its own creatures. It has begotten and pampered a system which is now its master. The people have been betrayed into the clutches of a financial despotism which scorns responsibility and defies lawful restraint."  --Senator Voorhees

Page 174, 175, 178, 179


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