Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-05-20
A NOTABLE DOCUMENT
LET ALL EARNEST REFORM Frs
READ, THINK, DIGEST. AND
THEN ACT.
The Money Fewer Says the People
Must Be Kept In . State Of Political
Antag0nlsm.
Editor Of the National View:

Editor Of the National View:
The ''imperialism Of capital" in
structs its henchmen AZ follows: 1t
is the most important document dis
covered since the Hazard Buell. cir
cular letters. Refo. mers, read, think,
digest, aud then act. Here it Is:
WALL STREET, NEW York,
March II, 1892.
Developments abroad this week
have been quite as important As those
at home. The appointment of q re-
ceiv.r for the bankrupt speculative
banking house of Murreis & Co. ends
u long agony among capitalists and is
long step towards tho final liquida.
ton of Englsnd's latest financial folly.
The continental crisis which has long
been pending seems to be at hand.
The failure Of leading banking
house of St. Petersburg a few days
ago, the suspension of Paris bank
to-day, more intense financial dis.
trust in Spain and Portugal, and the
political complications at Berlin, all
point Enthusiastically to a climax of the
wretched condition of financial and
political affairs that has existed upon
the continent for years.
1t is not to be wondered at that the
American market, no matter how
sound and healthy it may be, should
stand still in the face of these events,
and others of which they are the pre-
cursors.
London, having relieved itself of a
surfeit Of securities by extensive sales
Of its holdings of Americans, aud by
so doing having filled her bank vaults
with American gold, is in q position
to take care of its holdings of Argen
tine securities, for which there is prac-
tically no market at present.
English bankers, brokers, and in.
vestors certainly will not touch conti-
mental securities unless they should
fall in vslue to such figures as might
tempt bargain hunters, for all of these
securities have been tabooed in the
London market, and will continue to
be until capitalists determine whether
or not to bring on general war be.
tween European nations. 1t is rea>
sonabie to assume, therefore, that the
minor and local financial troubles of
the continent will DO limited to those
who are locally responsible for them
that is, as far as the misfortunes of
any nation can be confined within it's
own territory.
Out of all this disorder better and
sounder condition OF affairs will be
developed by the imperialism of cop
ital, but the process of reaching that
basis will inevitably be slow, tedious,
and costly.
We must proceed with caution, and
guard Well every move made, for the
lower orders of the people are already
showing signs of restless commotion.
Prudence will, therefore, dictate 4
policy Of apparent yielding to the
popular will-until all of our plan s
are SO far consammated that we can
declare our desi GINS without fear Of
any organized resistance.
The Farmers Alliance and Knights
OF Labor organizations in the United
States should be carefully watched by
our trusted men, and we must take
immediate steps to either control
these organizations in our interests, or
to disrupt them.
At the coming Omaha convention,
to be held July 4, 1892, our men must
attend and direct its movements, or
else there will be set on foot such an
tagonism to our designs as may re-
quire force to overcome.
This, at the present time, would be
premature, as We are not yet ready for
such crisis. Capital must protec,
itself in every possible manner
through combination ard legislation
The courts must he called to our aid
debts must be collected, bonds and
mortgages foreclosed as rapidly q.
possible.
i When, through process of law, the
common people have lost their homes
they will be more tractable. and easil,
governed-th,ough the influence O
the strong arm of government, ap
piled by central power of imperia
|, wealth under the control of leading
6naciers.
A people without homes will no
quarrel with their rulers. History re-
4 peats itself IN regular circles. Thi
truth IS we'll known among our prin
3 cipal men now engaged in form
ing an imperialism OF capital t,
govern the world. While they ar
doing this, the people must be KEEP
in condition of political antagonist
The question of tariff reform must b,
urged through the organization know,
n as the Democratic party. The ques,io,
OF protection, with reciprocity. mus