Weekly Chillicothe crisis. (Chillicothe, Livingston Co., Mo.) 1878-19??, 1882-09-14

lhg American Sentry.
In his report for the year ending
June 30, 1881, the secretary of the
treasury states that the worlds totaI
production Of gold for the year wa,
SlO1O37, G97, and the consumption OF
gold in the arts for the same time to
have been S7j,000,000 which leaves
the paltry sum of S32 ,O37, COZ to make
mp the worlds total loss by wearing
away Of gold coin in use, loss of gold
by vessels going down at sea, as well
rs in all other ways, and to serve as !;
gold basis for the vastly increased
amount of paper currency required to
serve as money in carrying forward
the monstrous increase in the world S
production and trade.
That the loss Of gold in various ways
was fully equal TO the amount left for
purposes OF coinage there can be no
room for doubt, rendering it certain
that the sums boarded by individuals
must, to the extent Of such boarding.
reduce the amount available for use us
money, thus greatly reducing the
worlds gold redemption basis, while
the amount OF paper money prOfcsScdlv
rcdccmabIc in it is, of necessity, great
ly augmented. The consumption of
gold for dental purposes is every year
increased by millions Of dollars, while
to the extent that production and trade
are profitable, the increased wealth
and refinement of the people, as well as
the imperative needs Of u high order of
civilization, demand and compel IN in
crease in the consumption of gold in
the arts that, if continued for a few
years more, will completely use up the
gold basis
Nor is it oSSible to stay this course
OF events except by remitting the world
back to state of barbarism.
The march of civilization, wealth
and refinement is rapidly eating away
the gold basis, and the financial Struct-
urc that rests upon it must, as it is now
doing, grow more and more shaky cacl
year until it finally tumblcs into irr,
tricvablc ruin
Under existing circumstances no
thoughtful man can wonder at the
growing uneasincSS Of the nations of
Europe as they find their gold basis,
with only brief periods of rest, grow
ing thinner and thinner, while each
struggles to arrest the course of events
and each consoles itself with the hope
that the tide will soon turn in their ia
VOr.
So long as nations cling to the gold
basis, 50 long will their wealth and in
dustricS be at the mercy Of any man or
combination of men who are able TO
control Il few hundred millions of dol |
lars and know how to use the power in |
their hands.
To-day the ability of the RothSchilds
to control gold, places the welfare of
any nation that relies upon the gold .
basis, at their mercy, aud while they
use their power discrcctly, they are stiil /
using it cIlcctually for cnriching them
selves and their cO-workcrs.
The power that the gold basis and .
their control of gold gives them and
their co-wurkcrS over the wealth and
welfare Of nations constitutes power
ana crushing monopoly IN their hands
To which the worlds workers are COM
prllcd 10 bow down and pay tribute.
and in comparison with which all otl.cr
monopolics are only pigmics.
The Struggle Of the nations for the
gold basis grows sharper and more dcs-
prratc each year, while their national
debts are annually piled higher and
the masses sink lower into TIC bottom
less mirc Of bond slavery.
It is against these rapidly growing
pcr'S and evils to honest industry and
civilization that nationals wage war in
behalf of Justice and humanity, holding
fast to the constitution Us the helm and
guiding star by which to shape their
course, and lead ON their march, eau
tiously and wisely, TO the full frution
Of the liberty which our Heavenly
Father has contdcd in trust to Ameri-
can, for the final delivcrancc of the I
world from the greed and grasp of the
money changers. :