The Coming Battle

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

Chapter I
Origin of the Money 
Power in America

   After the close of the civil war in America, Great Britain had become a large holder of United States bonds, railway stocks, and securities, and other obligations of this country, to the amount of many hundreds of millions of dollars, the great majority of which were purchased for a pittance. 

   The great banking houses of New York City and Boston are the agents of the money lending classes of Great Britain, and are the mere echoes of Lombard street, London.

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   Napoleon III, the Emperor of France, on the 4th of January, 1867, extended an invitation to all the powers, including the United States, to hold a conference in Paris, for the purpose of extending the principles of the Latin Union throughout the commercial world. This Union was originally formed December 23, 1865, by and between France, Italy, Greece, Belgium, and Switzerland, whereby these five nations agreed to establish for themselves jointly a system of common coinage, weights, and measures, as a means for the promotion of commerce.

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   Senator Sherman, who was the Chairman of the Committee on Finance of the Senate, on information of the receipt of the invitation of the Emperor, visited London in the spring of 1867, prior to the convening of this monetary conference. After consulting with the London bankers and capitalists, he hastened to Paris where the conference was to convene in the near future, and in reply to a note of Ruggles, sent a communication to that gentleman in which he advocated the adoption of a single gold standard.

A global currency in the making.

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