Telegram-herald., 1888-03-12

ai3oat heaven = hen taes nlost Eeeslssi q nage
ths psllgIts preasn taat ~hleA Hoaid either
"a them e. rspsnteHcs ef thGasier them
o0t u the holy eoamunions sLere tnsir
presencs as a sacrii-ge aud IA iHfamy
" 10 must especlaIly deelors the misfortune
of nsln<s IA gaTlss1s parts II this country IA
that they d4InaZs the banking institution,
which . tao great consenisnos Of tbs cen
tlriss AMI Indispensable - eommercs and
rhs Aisaacs ~ Ratloas- With onS hand Il
blesses ths lender. aad win fas ether it
tlesses the boFroWer The bank va born 0f
tne worid nsee>sities. aad = seRsrabis Win
ths marks II tno,lsaa1s oi years. Ise hGza-
drsd years before hrist the hanx of Ilium ex-
is5@d aad pald iEs depoaItors 10 PR cent. The
bank II Venice Vas established IL lIzl, aud
was q such hizn crettlt that It's bils were az
a premium above coins, which were fre-
qBentiy clipped Bank Of Genoa, founded IA
l1t5 tank Il Barcelona, l4Ol Bank OF AM
ster,iam, iokl. Bank Of HAm5lHg, founded
1913, its circulation based Cn great silver bars
kept IA the vaults, Bank OF England,
started by illiam FattersOn In lo42,
up - this day managing the stupendO1s
deot q Engiand. Bank Of Scotland, founded
IA it55. Bank Of Ireland. l3s3; Bank OF
North America, plaT.aed by Robert Morris,
iT7l, without whose financial help all the
bravery * cur grandfathers would not have
achieved American Independence But now
We have banks IA all our cities ana towns.
thousands and thousands. On their shoulders
are the interests Of private individuals and
great corporations In them are the great
arteries through which run the currents Of
ths nations life. They nave been the 70
sources Of the thousands Of financiers in days
Of business sxigency. They stand for ac-
connmodation, for facility, for individual.
state and national relief AT their head and
in their management there is as much in
teresr and moral worth as ia any class OF
men-perhaps more How nefarious, then,
the behavior OF those who bring disreputs
upon this venerable, benignant and God
honored institution
We also d-plore abuse Of trust funds, be-
cause they fy IN the face OF that divine good
ness which seems determined 70 bless this
land We are having the eighth year OF UNI
exampied national harvest The wheat
gamblers get hold OF the wheat, and the corn
gamblers get hold OF the corn. The full tide
Of Gods mercy toward this land IS put back
by those great dykes Of dishonest resistance.
When God provides enough food and clothing
20 feed and apparel this whole nation like
princes, the scramble OF dishonest men TO get
more than their share, and get it at al
hazards. keeps everything shaking with un-
certainty and everybody asking: What
nextr Every week makes new reveia-
tiOns- How many more bank presi-
dents and bank cashiers have been specu-
lating with other peoples money, and
how many more bank directors are in
imbecile silence letting the perfidy go on the
great and patient God only knows! NV
opinion is that we have got near the bottom.
The wind has been pricked from the great
bubble OF American speculation. The men
who thought that the judgment day was at
least 5000 years off found it in 1888, 1887 and
1886, and this nation has been taught that
men must keep their hands out Of other peo-
pies pockets. Great businesses built on bor-
rowed capital have been obliterated and men
who had nothing have lost all they had.
believe We are started on a higher career of
prosperity than this land has ever seen. II.
and IT, and IL
IL the first men, and especially Christian
men, viii learn never 70 ospeculate upon bor-
rowed capital IL you have a mind 10 take
your own money and turn it all into kites. to
fy them over every commons in the United
States. you do society no wrong, except when
you tumble your helpless children into the
poor house for the public to take care of.
But you have no right 70 take the money OF
others and turn IL into kites There is one
word that has deluded more people into bank
ruptcy and state prison and perdition than
any other word in commercial life and that
Il the word borrow; that one word is respon-
slble for all the defalcations, and embezzle-
ments, and financial consternations Of the
last twenty years. When executors conclude
To speculate with the funds of ar estate COM
mitted to their charge, they do not purloin,
they say they only borrow; when a banker
makes an overdraught upon his institution,
be does not commit theft. he only borruws
When the officer Of company. by flaming adj
vertisenent in some religious papers, and gilt
certificates OF stock, gets multitude of
country people to put their small earnings
into an enterprise for carrying on some un-
developed nothing. be does not frauduIently
take their money, he only horrovs When a
young man with easy access TO his employer :
money drawer, or the confidential clerk by
close propinquity to the account books, takes
few dollars for q Wall street excursion. be
expects 70 put it hack, he viii put 1t all
back. he viii put IL all back very soon. He
only borrowS What IL needed IS some man
= gigantic limbs - take his place at the
cisrhstone IN front Of Trinity church. ard
wher that word borrow comes bounding
along kick II clean through 20 Wall street
ferry boat. snd II. striking on that. it bounds
clear over ;ili it strikes Brooklyn heights or
Brooklyn hil. 4, VIII De well for tho City Of
Churches
Why. uhen ron are going 70 do wrong,
prcuounce - long a word as borrow. a word
II SIX letters. when Jon can Get n shorter
word more descriptive II the reality, . word
of on5y tirs letters. the word steal
There ara tiInes when We all borrow. and
borrow iezitissately. aud borrow with the
divine blessing. for Christ IN his sermon on
the mount enjoIns. From him that would
borrow q thee turn not thou away- A
Young man rightly borrows money To ge-
his efucsrfcn. Purchasing = house and not
able ~ paY III down IN cash. the purchaser
rightly borroVs it On mortgage Crises
come in business when il would he wrong
for nan not - borrow But roll this
warning thrsu-h all these aisles. over tie
hsckx n al these pews. never borrow -
specniste. rot dollar. not cent. not a
fsrthinx Young men. young men. I warn
ynu hy your worldly prospects and tie value
q your immortal Souls. do nos DO it There
are hreakers distinguished for their ship
wrecks ne Hanwsys, the Needles. ths
Csskets the norvers. the AnierIos. tha
Sker-ies-snS -nsny craft hss gone -
pieces N those rocks. brt hsvr "a tel Tou
that al the Hauvays. and The Needles. and
TIE Casketz. and he Skerries ARE as rcfhinz
corrnrrd with tae icnS hne of breaksrs
q r
ncr-h. south. essr and weSt ~lsb the white