Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1892-06-04
WALL STREET, NV YoRK,
March u, 1892.

Developments abroad this week
have been quite as important as those
at home. The appointment of re-
ceiver for the bankrupt speculative
banking house of Murreis < Co. ends
long agony among capitalists and
is a long step towards the final liqui-
dation of highlands 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 few days
ago, the suspension of a Paris bank
today, more intense financial dis
trust in Spain and Portugal, and the
political complications at Berlin, all
point Enthusiastically to 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
precursors.
London, having relieved itself of a
surfeit of securities by extensive
sales of its holdings of Americans,
and by so doing having filled her
bank vaults with American gold, is
in a position to take care of its hold
ings of Argentine securities, for
which there is practically no market
at present.
English bankers, brokers and in
vestors certainly will not touch con-
tinental securities unless they should
fall in value to such figures as might
tempt bargain hunters, for all of
these securities have been tabooed in
the London market, and will contin-
ue to be until capitalists determine
whether or not to bring on general
war between European nations. 1t
is reasonable to assume, therefore,
that the minor and local financial
troubles of the continent will be linn
tied to those who are locally respon-
sible for them-that is, as far as the
misfortunes of any nation can be con-
| fined within its own territory.
Out of all this disorder better
and sounder condition of affairs will
be developed by the imperialism of
capital, but the process of reaching
that basis will inevitably be slow,
tedious, and costly.
we UluSl pIOSCGu Will CdullOIl,
and guard we'll every move made,
for the lower orders of the people
are already showing signs of rest
| less commotion.
Prudence will, therefore, dictate a
policy of yielding to the popular will
until all our plans are so far con-
| sumnated that we can declare our
designs without fear of any organ
lied 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 a crisis. Capital must pro.
tect itself in every possible manner,
through combination and legislation.
The courts must be called to our aid,
debts must be collected, bonds and
mortgages be foreclosed as rapidly
as possible.
When, through the process of law,
the common people have lost their
homes, they will be more tractable,
and easily governed-through the in
fluence of the strong arm of govern
ment, applied by central power of
| imperial wealth nnder the control of
leading tnanciers.
A people without homes will not
quarrel with their rulers. History
repeats itself in regular ciscles. This
truth is well known among our prin-
cipal men now engaged in forming
an imperialism of capital to govern
the world. While they are doing
this, the people must be kept in con-
dition of political antagonism. The
question of tariff reform must be
urged through the organization
known US the Democratic party,
| The question of protection, with re.
ciprocity, must be forced to public
view through the Republican party
BY thus dividing the voters, we can
| get them to expend their energies in
| lighting each other over questions OF
no Importance to us except as tethers
| to lead the common herd.
Thus by discreet action we can Sc
cure all that has been 50 generously
planned, and, thus far, so successful
ly accomplished.
There you have it reader. The
program is out. 1t is the ''imperi
alism of capital" to govern the
the world" The common herd
are to be made homeless. "a peo'
pie without homes will not quarre,
with their rulers" Do you see
Have we not told the people fol
years that the two old parties were
the tools of the money power? That
the people between them was 9
sham? Hearl "The people must
be kept in a condition of political
antagonism." Tariff reform" must
be urged in the Democratic, anc
l l.