The Progress., 1893-07-08

gathered and ,vere discussing the situa-
tion. 4 man rushed up and had news
direct from London that The failure Of
Barring Bros. would bc announced next
day. y man leaped from tine group, the
perspiratiUn standing in great beads on
his forehead, ms face livid with excite
ment. while he fairly shriekcd in reply:
NV God. man. it Is impossible. Barring
Bros fail: If they fail. the Bank of Eng
land goes down. and the financial world
must collapse He could not helcycit
1t meant with him life and death. And
vet the runor was confirmed the next
daV How were we saved from finau-
cial ruin: Il was announced with the
announcement Of their failure that tie
Bank of Engiand-tEat Is, the govern
meat of Great BTitain-with all its
matChlcss rcsOurccs. had come 10 the
rescue Of Barring Bros. and saved them
from collapse Thus was the greatest
financial disaster of this century avo~ted
by the iutorposition of all the resources
of the next greatest money empire 10
ours IN the world.
We were threatened with ruin in our
financial center 10y whom. b. what:
England was threatened by whom? Y
firm Of private bankers had been speca-
lating in Argentine securities in South
America. The money speculatIons Of d
firm of private bankers had brought the
English speaking world to the verge OF
financial ruin. The only thing that 10
litical government was i'll for in that
hour was simply to bring the resources
of the empire of Great Britain to the res
cue of this private firm of bankers
TIE SOUTHERN CuNFEDEIACY.
The money center is the center Of
government. 1t has been so through
the past centuries. 1t is more true to-
day than at any time within IA hundred
years. The southern confedcracy faiiei
long before Appomattox. The south
ern confcdcracy failed long before u
single brigadier general had surreu-
dered. The southern confedcracy h?'l
already failed when II cost 800 to
buy pair OF COWhidc boots. The sOutN-
ern confederacy failed for "A very
simple reason-not because they had
not soldiers. had not generals. had not
fighting genius and were not desperate
They had all these powers. They had
the inspiration of home. society-thc
very foundation of the social life at
stake The south failed III its attempt
to establish IA nation because they had
no money. The center of u nations
government IN this age is its money
center. This IS the one resistless power
of the closing DAYS of the nineteenth
century.
Second Money is the greatest power
that moves upon the surface of the social
world today. There was II time when
ancestry counted. when the pride OF an
cestry was TIE basis of organization Of
so called high society. Today that poN-er
is money. The power that makes 50
cial prestigc-thc power that organic
social cliqUeS and classcs-is the Noucv
power. Money can buy its way into any
social order of this century-from thc
honors at the disposal of the queen 81
England down to an entrec into Ward
McAllister's Four Hundred. II does Det
matter where man made his money 81
how lie MADE 1t SO he has il. The spirit
of this social struggle has as its standard
of measurement the question Of posses
sion. the question of brutal success.
Nothing succeeds like success Is one st
their vital notices, The whisky manu-
facturer. the brewer. the ward politician
who has stolen his money. the Napoleon
of finance who has wrecked thousand
homes by his gambling schemes the man
who kills pigs in Chicago and the m?u
who owns real estate IN New York.
take their seat in the same banquet la .
There is no gristocracy of brains and of
moral worth today in the regnant circle
of modern society. Money is the magic
power that dominates the social sets OF
the present century.
THE MAGIC WAND.
Third-Money, when properly used. is
today one of the mightiest powers fCT
good in the world of philanthropy AMI
of real charity in our century. Money
is the magic king whose wand opens to
the human race new empires, new king
doms. 1t is the power that explores un-
known seas and gives to humanity the
results for an inheritance even for gen
erations YET unborn. 1t is the power
that tunnels the mountains, opens uney-
plored continents, crosses unknown
seas and binds the nations of the eartn
in the bands of commercial if not fra
ternal unity. 1t is the pioneer power
in this age which leads the vanguard
in the army of human progress.
1t is the power that develops and
gives to the world thousands of in
ventions and that has stimulated inven-
tions to point at which the progress Of
the race is the miracle before which the
philosopher stands in increasing wonder.
1t is the power today that is being used
by thousand ready hands for the sal
/ vation of the race. 1t is the power that
crosses the seas with thousands of ma
chimes as messengers of light to worlds
that sit in darkness. 1t is the power that
prints millions of Bibles and sends them
around the world upon their mission of