The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1893-07-13

-'.-i'So "1iiti VI lItt EiStDEt Ol
governments. The centre OF government
of this century is not the political capital.
II we Imagine that the capital of America
is at Washington, wemake a sad mistake.
Washington is a very beautiful town. 1t
is handsomely laid OFF. 1t has some
grand bOuIevards some beautiful streets.
1t has acres of beautiful homes. 1t is
pleasing to the eye. We have located
there some elegant buildings We have
a very handsome capitol building, OF
which some very excellent photographs
nave been made by various phOtogra-
piers. 1t has handsome dome, with the
inquire OF Liberty on its summit We
nave some other exceedingly handsome
buildings that cost millions OF dollars
we have an executive mansion in which
the president of the United States lives.
1t Is commonly supposed that the seat
OF government is at Washington or
thereabouts. This is a popular supersti-
ton. AS Il matter of fact the centre OF
government is not at Washington. If
YOU wish to find the centre of govern
mcnt III America, you should walk down
broadway until you reach Trinity church
ana turn INTO a narrow lane to the left.
| Walk down this narrow lane, between
those mountainous buildings that rise
towards the sky, and as you walk the
length OF Wall street you have traversed
the main corridor OF this nation capital
| Wall street is the centre OF the govern
ment of America. 1t has been so for a
generation and there never was Il time
| that it was more so than to-day.
lou may say that we elected Mr.. Cleve-
land President of the United States by
I; majority commonly termed a political
cyclone. True enough. All that hap
pcned. and Mr.. Cleveland is in the presi-
, DENTAL chair, with his cabinet, and the
government is running its usual course.
| That does not alter the situation. Ii
Mr.. Cleveland had dared to stand up be
! for" the world before the election and
say in so many words that he was OPP
posed to the money policy OF the govern
! ing kings of Wall street, he would now
! be practicin@ law in the Mills buildings
! III the city OF New York, us Il private
citizen. the onorOuS burdens of thecXecu-
| tive office would now be on other shoul-
| tl,rS. No president has been elected in
| this nation within Il generation who has
not been in perfect accord with the kings
| OF Wall street on the money question
Any man vino knows anything about
the histsry OF this nation knows enough
not to discuss that proposition.
PAHHIN WALL STREET.
\ short time ago there w;ls an ap
proach to a serious panic in Wall street
Money rose to 50 per cent. You felt i
here. 1t was felt throughout the nation
and felt instantaneOusly. What was tn
matter. There was nothing the matte
with the government at Washington
The Secretary of the Treasury was there
The money was all there in the treasury
Nobody had broken open thcstrong box
The gold reserve was untouched. Th
Secretary of the Treasury came over t.
Wall street, spluttered around for Il fe,
days lfke a bee in a tar bucket and wen
back to Washington. The gOvernmen
was all right. 1t was running with it
usua! regularity. The fact il, it coul
not do otherwise. We have an astrC
nOlnical government. 1t is wound up t.
run four years. 1t can not stop. 1t run
by the moon, and the sun, and the stars
When the four SEASONS have passed, til
four years are complete, there is
change OF administration, not before.
Our government was i'll perfect ruI
ming order, but the government ma
nothing in creation to do with the res
life OF the people at that time. Financis
ruin stared the nation in the face, an
for 81 hours we held our breath to kno'
il the crash would come. What was th
trouble? Simply that Il firm OF privat
. bankers in London was about to fail.
was whispered in Wall street on the da
of this panic that Barring Bros, i'll Lo1
don, Il firm of private bankers, Wei
about to collapse. The money marke
at once was in II state of wild deliriun
| frbnt II, 1Sh nf Win<1,O
Hotel Il group of excited money broker
gathered and were discussing the situa
tiOn. \ man rushed up and had new
Barring Bros would be announced mex
day. \ man leaped from the group, th
parspiration standing in great beads o
his forehead, his face livid with excite
ment, while he fairly shricked in reply
, "My God, man, it is impossible. Earin
Bros. foil? Ii they fail, the Bank of Eng
land goes down, and the financial worl
must collapse" He could not believe il
1t meant with him life and death. An
vet the rumor was confirmed the mex
day. How were we saved from tinancii
ruin? 1t was announced with the al
nouncemcnt of their failure that tn
Bank OF England-that is, the govern
ment OF Great Britan-with all it
matchless resources, had come to tn
rescue of Barring Bros. and saved thel
from collapse. Thus was the creates
financial disaster OF this century avcrte
by the interpOsitiOn of all the resource
OF the next greatest money empire t
ours in the world.
!: We We're threatened with ruin in on
financial centre by whom, by what
England was threatened by whom?
firm OF private bankers had been specu
lating in Argentine securities i'll SOut
: America. The money speculatlOns OF
= firm OF private bankers had brought tn
English speaking world to the verge ,
financial ruin. The only thing that pc
litical government was in for in tha
hour was simply to bring the resource
of the empire of Great Britain to tn
rescue of this firm of private bankers.
THE SOUTHERN CONFEDERACY.
= The money centre is the centre OF go,
; ernment. 1t has been so through til
: past centuries 1t is more true to-da
than at any time within n hundre
,, years The Southern Confederacy iaiIe
{ long before AppomattOX. The Souther
! COnfederacy failed long before n sngI
! brigadicr general had surrendered I'll
p Southern Coniederacy had already faile
when it cost 800 to buy pair of Gov
hide boots The Southern Confederate
a failed for Il very simple reason-not b'
p cause they had not soldiers, had nc
, generals, had not fighting genius an
We're not desperate. They had all thes
i, powers. They had the inspiration ,
o home, of society-the very foundation {
: the social life at stake. The South faile
q in its attempt to establish Il nation b.
i cause they had no money. The cent?
, of a nations government in this age
y its money centre. This is the one resis
y less power OF the closing days of til
;. nineteenth century.
Second-Money is the greatest pow,
!. that moves upon the surface OF the soci;
world to-day. There was a day whe
p ancestry counted, when the pride of al
! cestry was the basis of organization
- so-called nigh society. To-day thG
!, power is money. Money can buy its wa
into any social order OF this century
. from the honors ut the disposal of IL
y | ,,,,, rf nl low, 70 :, =, ~, =