Portage sentinel. [volume] (Ravenna, Ohio) 1845-1854, 1849-10-29
Cause and Eject.

IRON Europe, ascribe The Iailnre sef lhe.late
attempt 10 overthrow lnoasarciies, ,to yari.
Jus and Inconsistent causes. One ascrlbes
it 10 fundholders, or rather the ';loan:.
jobbers," another 10 the priests, another 70.
The socialists, another 10. .ahe red repubii..
cans, a filth 10 France, sixth, TO Engian Z
a seventh to The United Stases With tie..
exception OF. The last, SWe.believe tla, all
had some share in the work Tic, probably,
the Two first, bad the most. fsile .;:Ipaa ].
jobbers" are an Anpoftan1 class in Europe
ss ssoss xsi ssai'ass M !sss
in debt SO long as they maintain standing.
armies. Every monarchy n Europe is IN
debt, far beyond its means OF payment.
Every one oil Them has rspudiatea i'll some.
mode, and not one OF them has done what
the Uulted States have done, paid lis debts.
So long as these nations tolerate monarch.
les, they mus, maintain armies; these armies
cannot 10 maintained without loans, and
.oan.jobbers will lend so long as interest
can be paid. The loaE-jobbers alone are
few. a house in London, another in
Paris, another in Fienna, another in Peters
burgh, or uam5urgh or Frankfurt, const.-
lule The majority OF these props 10 mon,
arches; and as lending to governments is
the source Of their immense wealth, they
are directly interested in maintaining the
system But while the jobbers are Jew,
,ile Iundholders are numerous; for the eal
hoaSes are merely the commissioners
through whom thousands and tens oil thou.
sands lend 10 governments. The great
banker negotiated the loan,. the holder Of
small sums, seeking an investment, buys his
hundreds Or thousands at n premium, which
is par, OF The bankers profit. Thus is
who has money atinterest, directly interest
ed i'll sustaining governments thai daily
eal Out the substance Of the toiling millions
The instruments Of these great loan Job.
bers are national banks. They control
these banks, and the banks control lie
governments. Thus the French govern
ment is at the mercy of the bank oil Paris,
that ol England at The mercy Of the Bank
Of England, and so on. ..--..-,
The system cannot endure forever, for
the governments will finally be unable to
pay interest, and will then be unable 10
borrow; and then will come a violent reyo-
luton, passing through anarchy, blood and
reputation, TO q reconstruction of society.
The remedy is bad, as we'll as the disease.
Can a peaceful remedy be iouLd! Ii
governments will disafha, and thus reduce
their expences, they will not only reduce
their loans, but augment their revenues;
r..
ductive industry the multitudes now main
tained in idleness, 10 enforce submission TO
taxation. Bot if they disarm, abandon
mutual aggression and mutually guarantee
peace, The masses left at leisure to examine
their own condition, will demand re(orma-
tons and relormations seriousy y begun,
will end in republlcanism. Well! 40
this conclusion must it come at lasl," aud
therefore Kings and privileged orders have
the alternative OF yielding slowly through
peace, or Of striking 10 keep all with the
certainty Of losing all by violence. Which
is besl9 Republicanisn must come, and
through blood, or through peace, prosperity
and progress. Wise kings will decide
wisely, and the fools will be compelled 10
follow their example. But what must re-
publicans do to accomplish this? They
must dismiss all thought of force, make
universal peace their fundamental rule,
their first step, spread hgh, as fast as they
can, perseyere and be patient, gain one
thing at a lime, and make i. the lever for
gaining something more. They were in n
hurry, tried force and failed. Let them
wait, try reason, and they will succeed
PHILADELPHIA Ledger. .g. .