The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1892-05-17
MONEY THIEVES ACTIVE.

The Imperial Of Capital sends forth
the following dispatch for the enlight-
eminent of its servants:
WALL ST., N. Y, March 81, 1892
Developments abroad this week have
been quite as important as those at
home. The appointment of a receiver
for the bankrupt speculative banking
house of Murrieis & Co., sends a long
agony among capitalists, and is a long
step towards the final liquidation of
England's latest financial folly. The
continental crisis which has long been
pending seems to be at hand"
The failure Of a leading banking
house at st. Petersburg a few days
ago, the suspension of a Paris bank to-
day, more intense financial distrust in
Spain and Portugal, and the political
complications at Berlin, all point I'M
mistakably toa climax of the wretched
condition of financial and political
affairs that has existed upon the con-
tinent 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 it.
self of a surfeit of securities by extern
sion sales of it's holdings of Americans,
and by so doing having filled her bank
vaults with American gold, is in a po-
sitiOn to take care of it's holdings of
Argentine securities, for which there
Is practically no market at present.
English bankers, brokers and investors
certainly will not touch continental
securities unless they should fall in
value to such figures as might tempt
bargain hunters, for all of those seCuri-
ties have been tabooed in the London
market, and will continue to be until
| capitalists determine whether or n 1T to
bring on a general war between Elro,
pean nations. 1t is reasonable to as
sumo, therefore, that the minor and
local financial troubles of the continent
will be limited to those who are locally
responsible for them-that is, as far as
the misfOrtunes of any nation can be
confined within its own territory. Out
! of all this disorder a better and sounder
condition of affairs will be developed
by the Imperialism of capital, but the
process of reaching that basis will in
evitably be slow, tedious, and costly.
We must proceed with caution and
guard we'll every move made, for the
lower orders of the people r already
showing signs of restless commotion.
Prudence will therefore dictate a policy
of apparent yielding to the popular
will-untl all of our plans are so far
consummated that we can declare our
designs without fear of any organized
resistance. The Farmers Alliance and
Knights of Labor organizations in the
United States should be carefully
watched by trusted men, and we
must take immediate steps to either
control these organizations in our in
terest, or to disrupt them. A the
coming Omaha convention, to be held
July 4th, our men must attend and
direct it's movements, else there will be
set on foot such antagonism to Oul
designs as may require force to over
come. This, at the present time, would
be premature; we are not yet ready
for such a crisis. Capital must protecr
itselfin every possible manner, through
combination and legislation. The
courts must be called to our aid, debts
must be collected, bonds and mortgage
foreclosed as rapidly as possible
When, through process of law, thu
common people have lost their homes
they will be more tractable and easily
governed-thrOugh the influence o
the strong arm of government-applit
by a central power of imperial wealth
under the control of leading financiers
A people without homes will not quar-
|. rel with their rulers. History repeat
itself in regular circles; this truth
we'll known among u principal mel
now engaged in forming an imperialism
of capital to govern the world. Will
they are doing this, the people must b
kept in a condition of political antag
onism. The question of tariff reform
must be urged through the organize
! ton known as the Democratic party
: And the question of protection, wit
| reciprocity, must be forced to publ
view through the Republican party
By thus dividing the voters we a &c
them to expend their energies in fight
ing each other over questions of no IN
portance to us, except as tethers
lead the common herd.
Thus, by discreet action, we Ca
. secure all that has been SO generOusI
}, planned, and thus far successfully a.
s compished .-ChicdqO Daily Press.