The midland journal. (Rising Sun, Md.) 1885-1947, 1893-07-21
Confidence and Credit.

These terms in financial parlance are
Synonymous. We, are hearing more of them
since the money panic has assumed its
virulent, epidemic type. The terms are
used principally by the master spirits among
the national bank class, and their news
papers, whose chief function is to echo and
herald to the world the wise things on
''fnance" and business" which drop from
the lips of national bank presidents, ex.
Secretaries of the Treasury and such wise
heads as stand highest among The priests OF
the temple of Mammon.
The public has heard so much recently
about the want of confidence and sustaining
The rational credit that its head is..fairly turn
ed TO tell what is meant by this word ICON.
fdence" ami the twin to it, national
credit" or the "credit Of the government"
According to these national bank oracles
this rare bird confidence" has suddenly
taken flight and left the country and the land
is in mourning for its return; when pros
perity, contentment and happiness will
spread over the country like burst OF
sunshine after storm, gladdening every
heart.
National, or the "credit Ct the govern
ment" seems TO be inseparable, in fact, a
part of this rara auis which these eminent
t'fnanciers, who dwell in Wall street, call
confidence, which has recently left that
golden haunt.
The truth is there never was greater
pair of cheats palmed on the public than
confidence" as fundamental principle of
business, and national or government credit
as an indispensable sustainer of the panacea
for all financial ill which is prescribed by
these financial quacks and bamboozelers.
Confidence and credit simply mean debt,
nothing else. As long as the business pub
lie can be cajoed into the belief that credit
is all the currency required to conduct
business, and confidon nee in the credit loaner
end custodian of the peoples money, to
cash all demands that are presented in the
shape of checks against the credit thus
eunningly adjusted phantom system of
finance is sure to slip cog OF loose a pin
and then the whole machine goes to smash.
The actual money is called for which this
colossal debt represents, that was built up by
kfe skillful use of confidence the public were
persuaded to have in the men who dispensed
credit to them in lieu of money, and fixed
huge debts on their property which nothing
but money will release, and the money it
was supposed TO represent having been a
phantom in the beginning cannot be found
1t is nowhere in the country, and property
on which the debts rest cannot be exchanged
for money, the inevitable result is that the
property must fall into the hands of the
men who sold the phantom credit to the
business men and toilers who were buncoed
by this steerer for shylock, confidence"
''Confdence" is a parsonage of superior
ability in business, the public are persuad-
ed to believe, but is nothing more than
bunco steerer bringing people to where
sfiylock sits manipulating the cards of
credit, and fleeing every one by usury that
ventures within his charmed circle.
And this is our sysem-the worlds system
of finance, The greatest fraud by all odds,
that was ever practiced upon The human
family. About all the ills society aud civ
ilization are cursed with can be traced to
abe root usury. The evil seems to be of
Hebrew origin, though those people may
only have adopted it from a prehistoric
race. At all events they have faithfully
handed it down to succeeding generations,
aud made use of it 10 rob every other family
of people. Their religion strictly enjoined
them against practicing it among lhems-
elves. In Deut. 20 1920, they are com
manded: "Thou shalt not lend upon usury
to thy brother" "Unto the stranger thou
shalt lend upon usury, but unto thy brother
thou shalt not lend upon usury."
There is the strongest circumstantal
reasons for believing that this injunction,
which was made part of their religion by
the founders of the Jewish hierarchy. is far
more strictly adhered to in modern times by
the Hebrews than when they constituted
one of the nations of the world. 1t is
noticeable that the wording of this command
or law is "thou shall not lend upon usury"
to thy brother. But TO the stranger the
nsury screws might be applied.
Go through our largest cities and notice
the signs and it will be found that the
Hebrews occupy nearly all of the best
business stands on the principal streets
which few years ago were owned by "the
stranger" There is no earthly means by
which this great business revolution could
have been produced except through the
power of usuIy. The Jews adhere 10 and
strictly practice this tenet Of their religion
laid down in Deuteronomy, of loaning TO
their own people without interest, while
the stranger is sailed with usury not only
by them but by his Christian brother. How
long think you could large business estab.
lishment stand which had 10 pay interest
for all the money it was necessary TO use,
against similar house in every other