The midland journal. (Rising Sun, Md.) 1885-1947, 1894-04-27
The Railroads and the Outlook.


years first fell upon and devoured the
farmers. The railroads and factories of
the country are now in the suck of the
whirlpool.
A list of twenty roads, whose earnings
have been published for the last eight
months, since the Ist of July last, show
decrease of earnings of nearly $4,000,
600, or loss of per cent on 81, 900, 900,
600.
OF this shrinkage the Pennsylvania
Railroad lost over nine millions, the
Union Pacific nine millions, the Northern
Pacific over four millions, the Atchison
over four millions, the Burlington and
Quincy nearly four millions, the St.
Paul two millions and a-half, and others
large sums.
The cause which created this ghastly
showing among railroads has closed the
factories of the country and filled the
land with idle men and women seeking
employment. They seek in vain and must
continue the vain search unless Congress
adopts measures to reverse the legislation
of the republican party of thirty years.
The democrat party cuts no figure in this.
1t is purposeless imbecile and has been
for forty years. Its tariff reform" is a
humbug and political cheat, as this
Congaess is plainly proving to the most
bigoted partisan.
The railroads are putting forth every
effort to save themselves from the i'm
pending ruin which their management
see before them. The wages are being
cut from president down, trains are with
drawn, shops depleted of workmen, but
there is nothing before them but threat
ened bankruptcy. The blight which
struck the farmers has fallen upon them.
The transportation and passenger bust
ness is steadily declining, and the i'm
mense debts hanging over them must
roads in the hands of receivers. Every
thing is then sacrificed to pay running
expenses. Stock is wiped out by the
million, second and third mortgages 60
by the board, and in the end the roads
will fall into the hands of the foreign
holders of the first mortgage gold bonds,
who hold at the best estimate which
can be arrived at, eight thousand
millions of gold interest bearing debt on
the property of this country, which debt is
largely composed of railroad obligations.
The same ring-which is the gold ring
of the Rothschilds fami1y-has engi-
neered through the national banks and
their feed attorneys in both Houses OF
Congress, the single gold standard system
of finance which has blighted like mil
dew every industry of this country.
| If the people do not rise in their indie
pendent might and hurl from power both
the democrat and republican parties, that
foreign ring of Jew gold bankers will,
through its tools in the old parties, heap
an additional public debt of thousand
millions on this country. The President
and his drunken Secretary of the Treas.
ury are anxious to force their ''pie
counter" congress to pass a special law
authorizing an unlimited issue of 4 per
cent gold bonds. The extravagant ex-
penditure of congress is running the
expenses ahead of the receipts, till in
addition to the $50, 100000 of bonds
recently issued, there is in sight deficit
of SIS, 900. With our daily decreas-
ing volume of circulating money, prices
are steadily falling, and the revenues OF
the government must inevitably fall of
with everyth ng else.
The scheme of this European gold ring
which Congress and the President are
bending every energy to carry out, is to
continue to issue gold bonds to supply
the deficit i'll revenue, thus making the
country poorer by laying additional bur-
thens of tax ON the people while denying
them money sufficient to keep business
going and the working people employed.
Is not the case as near parallel as con-
ditions and times will permit, to that of
Pharaoh who denied his slaves straw to
cement the clay together?
Business cannot start along all lines of
industry again if the people allow this
gold ring to control their President and
Congress, till wages and prices fall fifty
per cent lower. The prosperity of this
country has reacted on Europe, in former
times, helping the people there, and
opening an outlet and new homes for the
Old Worlds surplus population. The
depression, poverty, low prices and
declining wages here will react in greater
depression there.
The money famine which the pluto.
cratic system of government that has
been saddled on the people of the United
States, by the legislation ofthe last thirty
years, is the sole cause of all this unpar.
alleled distress, which causes the country
to TEEN with idle people and bands of
Coxeyites to be rising up every where
and marching for the Capital. The con-
dltions which cause these abnormal
movements are hourly growing worse,
and portend instructions in all quarters
OF the country before the close of the
year. The laboring men whose wages
are being cut down, together with those
who have no wages at all, are endeavorirg