The Progress., 1893-09-16

LOou a cUnvulsed financial situation from
China to Peru. If the repeal by the
American congress of the Sherman act
should become inevitable, it would be
partly due to the error that has been
committed in India. The government
must be held responsible. Their action
could not fail toappreciate gold through
out the world while increasing com
mercial difficulties everywhere"
Mr.. Balfour, the Conservative leader
in England, recently said: THE govern
ment had been driven to commit finan-
cial crime. The speech just made by
the chancellor of the exchequer was vir-
tually sneer at the present financial
situation. For the chancellor of the ex-
chequer to get up and tell the country
that he regarded with absolute indiffer-
ence what happened to silver appeared
to him to be something approaching lu-
macy. Let Germany, India and the
United States try gold currency, and
a tremor seiZes every one of our COM
mercial magnates. They look forward
in the immediate future to catastrophe
and feel that the ultimate result may be
q N SlOW appreciation VI iiiC VI
value, which ia perhaps the most dead
ening and benumbing influence that can
touch the enterprise of nation"
1t is so because it makes the mechan-
ism of exchange a commodity and creates
the imperialism of the money huckster.
Let the friends of the people be not de
ceived by hue and cry. The hue and
cry was raised for purpose That pur-
pose was the picking of their pockets in
the disturbance that followed.
SMELLING THE WOODS.
We are all the enemies now of the
sherman act" We lombard it might.
ly. Well and good. But let us not be
too enthusiastic about it. History tells
us, you know, that when the Earl Of
Warwick and Edward " were to fight
decisive battle at Barnet some 400
years ago Warwick spent the whole
night throwing his artillery shot into a
field where he thought the kings troops
lay, but witch was absolutely vacan,
The king craftily encouraged the mi.
take and took the time so to mass his
forces as to secure a crushing victory in
the next mornings mists. History has
a way of repeating itself, they say.
Let us repeal by all means. Certainly.
We must 1t is the price. We have no
choice. But let us in due time take eff
fective measures that Shylock may not
own us body and soul.
Third-Ths significant effects of the
present panic are further indication of
its true origin.
INTERNATIONAL.
The distress has not been local or ma.
tional-it has been international.
The cause was international. The
remedy likewise must be international
We must have an international agree
ment about money. There must be
federation of man in which national lines
shall disappear if the people are to main
tain their life against the encroachments /
of an arrogant plutocracy. The plutoc-
racy of the closing days of the nine.
teenth century is an international affair. |
The masses of the peoples of different
nations must federate for the protection
of their lives and the progress of the .
race.
The intensifcation of capital has been
vastly increased by the present panic.
There will he fewer business establish .
ments after the wreck The rich will be |
much richer and the poor much poorer.
VOICES OF THE PAST.
Let us hear the voice of history. This |
cannot continue without a climax OF
revolution.
Daniel Webster said: THE freest gov
h., L.
tendency of the law is to create a rapid
accumulation of property in the hands
of the few and to render the masses OF
the people poor and dependent"
Garfield said: "Whoeyer controls the
volume of money of any country is alb
solute master of all industry and com
MERGE"
Abraham Lincoln said in 1865: Il see
in the near future a crisis approaching
that unnerves me and causes me to trem.
BILE for the safety of my country. AS
result of the war corporations have been
enthroned, and an era of corruption in
high places will follow, and the money
power of the country will endeavor tG
prolong its reign by working on the
prejudices of the people until all wealth
is aggregated in a few hands and the
republic is destroyed. affirm it as my
conviction that class laws placing capi.
tai above labor are more dangerous tC
the republic at this hour than was chat.
tel slavery in the days of its haughtiest
supremacy. feel at this moment more
anxiety for the safety of my country than
ever before, even in the midst of the war;"
1t is said that
When Egy1t went down, per cent OF
her population owned 81 per cent of hei
wealth.
When Babylon went down, per cent
Of her population owned all the wealth.
When Persia went down, per cent Of
her populati n owned the land.
When Rome went down. 1900 men
nxx-,,aI o1l a. lyN0x,,, xx,o~1I