The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-07-06

deeper spiritual meaning. Ihey are the
incarnation of great hopes, noble faiths.
They may be crude efforts They are
great, not for what they are, but for
what they promise, for the ideal Of
which they are the dim outline.
As nation we should study the mon
ey problem, and we should be among
the first, il not the first, to solve it,
God has given wealth to us as to no 9TH
er people born on the earth. BY the
census of 1880 America had more money
than Great Britain, on whose empire tho
sun never sets, whose flag floats in every
sea and whose ships ride proudly at
their anchors in every harbor of the
world. We had in 1880 wealth enough
TO buy one-half the known world-lands,
houses, kingdoms, scepters, empires
But after we had bought hemisphere
and paid for it we would have money
enough to carve new nation out Of the
undeveloped west.
One Of the first things that strikes the
student of economics and of the relation
Of religion to the great social problem
is the fact that money is the mightiest
power that moves today upon the sur
face Of modern civilization. We observe
this fact:
WASHINGTON NOT THE NATIONS CAPITAL.
First-In the power manifested in the
making and unmal;ing Of the history of
governments. The center Of govern
ment of this century is not the political
capital. 1t is the commercial, the mon
ey capital If we imagine that the cap
ital of America is at Washington, we
make a sad mistake. Washington is a
very beautiful town. 1t is handsomely
laid off. 1t has some grand boulevards,
some beautiful streets. 1t has acres Of
beautiful homes. 1t is pleasing to the
eye. We have located there some
elegant buildings, We have very
handsome capitol building, Of which
some very excellent photographs have
been made by various photographers.
It has handsome dome, with the figure
of Liberty on its summit. Wehave some
other exceedingly handsome buildings
that cost millions of dollars. We have
an executive mansion in which the presi-
dent of the United States lives. It is
commonly supposed that the seat of gov
ernment is at Washington or thereabouts.
This is a popular superstition. AS mat
ter Of fact the center Of government is
not at Washington. If you wish to find
the center of government in America,
you should walk down Broadway until
you reach Trinity church and turn into
narrow lane to the left. Walk down
| this narrow lane, between those noun
famous buildings that rise toward the
| sky, and as.you walk the length of Wall
1 street you have traversed the main cor
ridor of this nations capital. Wall street
| is the center of the government of Amer
lea. 1t has been SO for q generation,
and there never was a time that it was
more so than today.
You may say that we elected Mr..
| Cleveland president Of the United States
| by majority commonly termed po-
| litical cyclone. True enough. All that
| happened, and Mr.. Cleveland is in the
presidential chair, with his cabinet, and
the government is running along its usu-
al course. That does not alter the stu
alton. If Mr.. Cleveland had dared to
stand up before the world before the
election and say in so many words that
he was opposed to the money policy of
the governing kings Of Wall street, he
would now be practicing law in the
Mills building, in the city of New York,
as private citizen, and the onerous bur-
dens of the executive Office would now
be ON other shoulders. No president has
been elected in this nation within a gen.
Grafton who has not been in perfect ac-
cord with the kings of Wall street on the
money question. Any man who knows
anything about the history Of this ma.
ton knows enough not to discuss that
proposition.
PANIC IN WALL STREET.
i A short time ago there was an ap
proach to a serious panic in Wall street,
Money rose to 1876 per cent. You felt il
here. It was felt throughout the nation
and felt instantaneously. What was the
matter? There was nothing the matter
with the government at Washington.
The secretary of the treasury was there.
The money was all there iE the treasury.
Nobody had broken open the strongbox.
The gold reserve was untouched. The
Il
Wall street, spluttered around for few
days like bee in a tar bucket and went
back to Washington. The government
was all right. 1t was running with its
usual regularity. The fact is, it could
not do otherwise. We have an astro.
nomical government. 1t is wound up to
run four years. II cannot stop. 1t runs
by the moon, and the sun, and the stars.
When the four seasons have passed, the
four years are complete, there is a change
of administration, not before.
Our government was in perfect run
ming order, but the government had
nothing in creation to do with the real
life of the people at that time. Finan-
cial ruin stared the nation in the face,
and for "a hours we held our breath to
know if the crash would come. What
was the trouble? Simply that firm of
private bankers in London were about
to fail. 1t was whispered in Wall street
on the day of this panic that Barring
Bros. in London, o firm of private
bankers, were about to collapse. The
money market at once was in state
of wild delirium. That night in
the lobby Of the Windsor hotel q
group of excited money brokers
gathered and were discussing the situa-
tion. A man rushed up and had news
direct from London that the failure of
Barring Bros. would be announced next
day. A man leaped from the group, the
perspiration standing in great beads on
his forehead, his face livid with excite
ment, while he fairly shrieked in reply:
my God, man, it is impossible Barring