The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-24
MONEY SHARKS At WORK.

If the conspiracy on the part OF tHe
great money lenders of the world to
make the people repudiate Mr.. Cleye-
lands patriotic attitude on the Nene-
zuelan question serves no other pur-
pose than in opening the Presidents
eyes TO the baseness and selfshness Of
the money power, this latest banefuI
exhibition OF strength will not he an
unmixed evil.
As a President, Mr.. Cleveland has
had one grave fault. He has apparent
IN believed in the patriotism ana hon
estv of the great bankers and bond
holders, and trusted too much in thei
financial opinions, never seeming to
understand that the policy they adyo-
cate is the policy that brings grist to
their mill. no matter what the cost be
to the taxpayers. Now that he shows
that he is ut heart a real patriot, ami
mated by the same love of country
that inspired Washington and Jelfer-
son, who is it that seeks to destroy the
credit of the government in order to
force him from his position? 1t is the
men who have urged upon him the
financial policy which has made them
rich and Keeps the government at their
mercy.
No message was ever received with
more popular approval than that OF
the President declaring that there is
no calamity which a great nation can
invite which equals that which fol-
lows a supine submission to wrong an
in Justice and the consequent loss OF
national self-respect and honor" Hard
" a note of discord was heard in the
general voice of approval until the
foreign pawn-brollers and money
changers began to apply the screws.
They began to scare the smaller brOk-
ers and bankers. made panic for q
time. and sought to brighten the Presi-
dent and the American people into
..supine submission" Then the daily
thunderers and mugwump cryers be-
gan to denounce the President, and TO
charge him with bringing on the evils
of which the capitalistic cabal was
alone the author.
1t is fortunate that these unpatriotic
cries have not deceived all the leaders
of the people. Sundays Washington
Post contained an editorial that ought
TO be read by every citizen Of the Re
public. We print it in full, endorsing
and commencing every word of it. The
Post said:
THE people in the country at large
are not likely to be affected by the
lamentations of Wall street or TO re-
cognize in a panic on the stock market
any real disaster to our domestic m
dustries. The country Will not be
frightened into submission to Eng
lands arrogant pretensions because
few spectators are forced TO the wall
bv furry in gambling circles. Ii
foreigners choose to get alarmed over
the situation. and TO send their stocks
and bonds to New York for sale at a
loss. that is no concern OF the Amefl-
can people The fact does not mean
that the railroads. mines. and manu-
factories upon which these stocks and
bonds are based have lost their earn
inc powers: that is the only question
with which we need concern ourselves.
As n matter of fact, we know thateyery
industry in the land would be stimu-
a 1af r,aJl NNQII4n
do a larger business than ever before.
and that commercial enterprises gen
orally would receive an impulse OF ac-
tiyitv. Nobody outside OF the specu-
lators themselves is injuriously affect
ed. Those who hold stocks in solvent
business establishments are as well OH
as they were before. \ few lame ducks
have been brought down and that's
all.
THE whole aim and purpose OF this
unloading of American securities by
foreign holders is to brighten or dis
suade us from the course we have
marked out for ourselves. The ltoths-
childs and the BIeischroeders imagine
that this republic can be intimidated
bv a concerted movement Of the pawn
brokers and noney-changers OF Lon
don. Paris, and Berlin. They want
peace. with or without honor, il is all
the same 10 them, because peace IS
better for their business. They are
blind enough 10 hope that panic III
Wall street and the collapse OF a cor
porals guard of stock gamblers Will
baIll nation of seventy millions OF
people Of its will They do not know
rs. that is all They have yet TO learn
that American industries cannot be eN-
tinguished by Rothschild quotation,
and that American spirit is lifted far
above the reach of a sordid and avari-
cious conspiracy
I'VE shall teach them these lessons,
however, before all is done, nor will
the education be interrupted by the
.c1nrIaints and the omtcries of more