The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-09-21
THE CURE OF PANICS.
AN ELcQUEHT AND FEARLESS SER
MON 6Y REV. THOMAS DIXON.

NEW York, Sept. 1.-THE discussion
Of "The Panic--Its Causes and Cure"
was continued by the Rev. Thoma1
Dixon, Jr., in his sermon in Association
hall this morning. The specific subjecr
Of today's discourse was "The Cure o.
He denounced most vigorousl.
the demonetization of half the money
the world and gave as remedies an6
cures for financial panics the increase G.
the currency, the radical reform OF orr
banking system, more Christianity IN
business, less faith in the great capital
istic newspaper scares, the establish
ment of postal savings banks and the
cessation of special class legislation.
The texts were from the eighteenth
chapter of jeremiah and the twelfth and
seventh of Ezekiel:
Thou hast taken usury and increase, and
thou hast greedily gained Of thy neighbors by
extortion and hast forgotten me, saith the
Lord God.
As the partridge sitteth on eggs and hatch
eth them not, 30 he that getteth riches and not
by right shall leave them In the midst OF his
days and at his end shall be a fool.
They shall cast their silver into the streets,
and their gold shall be removed; their silver
and their gold shall not be able TO deliver them
In the day Of the wrath Of the Lord.
CONSPIRACY AGAINST THE MASSES.
We have seen in our present study Of
the financial panic that the immediate
cause was an insane popular fear-in
short, stampede of selfishness. But we
saw upon further study that the primal
cause Of the panic was to be found be.
yond the dust and confusion of the STAN.
pede; we found the evidences unmistak.
able that it was produced by q concerted
movement on the part Of the great
money hucksters of the world; In fact
that 1t was in reality conspiracy
against the masses Of the people by the
great plutocrats of our age. Some OF
the noblest men of our time have beer
men Of great wealth-all honor to theii
names. They have administered theil
fortunes as sacred trust from God fol
the benefit of their fellow men. While
this is true, it has not been the rule-it
has rather been the exception. Tht
money power has grown until few
men possess two-thirds the wealth o
the nation.
When a few men practically posses
the whole commonwealth, there cease
to be commonwealth" and society 4
again simply divided into two classes
masters and slaves.
Have we today democracy?
Is it not in fact plutocracy2
In form we have a government by tn
people.
But as matter Of fact have not ou
representatives for the last generation
simply carried out the edicts and tn
policies of our money kings?
1t is serious question, and the Amer
ican people are brought rudely face b
face with it today.
If this panic is to be cured and its re
currence prevented, the power Of the plu
tocracy must be in some way limited.
Bishop Potter Of New York, at the re
cent centennial celebration of the frs
Inauguration of George Washington, dc
clared that in view of the increasin
power of the plutocrat it was doubtful
whether the republic would ever celc
brate another centennial. In explaining
his remarks he afterward said:
When speak of this as the era Of the plutc
Gratis, nobody can misunderstood me. Every
body has recognized the rise Of the none
power. It's growth not merely stiles tho indC
pendence of the people, but the blind believer
In this omnipotent power Of money assert thG
its liberal use condones every offense. Th
pulpit does not speak out as 1t should. Thes
plutocrats arc the enemies of religion, as the
are Of tho state.
Just before the bishops address Cor
eral L. S. Bryce, in The North Amer
can Review, said:
We ore living In the shadow of an unbr
died plutocracy, caused, created aud cemente
In no slight degree by legislative, alderman
and congressional action; plutocraoy that
far more wealthy than any aristocracy tht
has ever crossed the horizon of tho world
history and one that has been produced in
shorter consecutive period; the names Of whol
members are emblazoned not on the pages
their nations glory, but of Its peculations; WI
represent no struggle for their country's libe
ties, but for Its Doodle; no contests for Magr
Charta, but railroad charters, and whose o.
topus grip is extending over every branch
industry; plutocracy which controls the pri,
of the bread that we eat, the price of the sugi
that sweetens our cup, the price Of the oil thi
lights us on our way, the price of the very co
fms in which we are finally buried.
This is fervid rhetoric, but 1t has mol
truth than poetry In it.
NATIONAL BANKS DENOUNCED.
Periodical seasons of general forecl
sure, bankruptcy and ruin are inevitab
in such condition of society.
Who shall deliver us from the body
this death?
How shall we lift the shadow Of pan
from our fair nationp
There are some things the dark bacI
ground Of the present distress brings OF
with startling distinctness;
First-We must have less bank az
more nation.
Our national banks have been su
posed to be institutions of o nation
character. 1t was supposed that the
existed for the benefit of the communit
at large, 1t was also supposed that
they carried charter from the nation
government and were nominally und,
its supervision that they were hone
and law abiding.
This panic has revealed the fact th
1t is about time for these banks to star
before the world and give reason {,
their existence.
Senator PETER recently introduced
the senate q most reasonable resolutiC
of inquiry as to their methods of co
Quoting business under their nation
| charters.
This resolution simply asked the com
troller of the currency to report to Il
senate whether these banks were beii
l a