The midland journal. (Rising Sun, Md.) 1885-1947, 1895-07-12
The Debt and Honey Questions.

Redmond and other New York goldbug
magnates just from London, report that
Europeans are buying all first class Amer
lean securities and the supply is not equal
to the demand. In the face of these facts
we find Cleveland and his Secretary,
Carlisle, selling United States bonds,
which stand at the head of all securities,
at discount of nearly twenty per cent
below their market price Is it matter
for surprise that the democrat party is
discredited throughout the country as
being wholly incompetent to be trusted
with the management of public ufairs?
But what we desire to direct our readers
attention particularly to is these "Aneri-
favor with the money trust of Europe.
What are American securities They
are American debt which the foreign
money trust are anxious to secure in
order to draw interest from the wealth
creating industry of the people of the
| United States.
The vast volume of business and
latent wealth pressing for movement
and development i'll this new continent,
are causing the people to submit to the
most painful and ruinous sacrifice to
secure means for the prosecution of these
enterprises. The government is virtually
i'll the hands of this mountaineering and
money-cornering ring of the old world,
or the European part of it, with agencies
i'll Wall street, and the want of American
money drives the industry Of the country
to go abroad and borrow money from
these foreign interest drawing shylocks in
order to secure the necessary funds to
transact the current business and develop
new lines which call for the use of more
money than is i'll the country. This load
of debt, called Securities" creates such
drain on the earnings of industry to
pay interest, that there is not sufficient,
after the interest and working expenses
are cared for, to go to any perceptible
extent towards liquidating the debt, and
the energy and efforts fthe unparalleled
industry of American labor are nearly all
expended and wasted in satisfying this
ever hungry debt This is realization
of the fable of Sisyphus rolling the stone
to the top of the hill only to slip and
again go to the foot, compelling the end
less round of labor to be repeated without
perceptible results or requite for the toll
expended.
These United States can never be free
and independent nation as set forth by
the Declaration of Independence of their
founders, they were intended by them to
be, till these foreign debts are extin-
guished, and domestic debts are so stric-
tured as to prevent industry from being
bled to death by usury in its every form.
This remedy can only be found i'll fnan-
cial system purely American, as the sys-
stern old patriots of the revolutionary era,
who believed in themselves and had con-
fidence i'll the natural resources and pos
s:bilities of the country to back them i'll
their undertaking. The question we have
to solve is, have their descendants lost
much of that patriotism and confidence
i'll their powers and the natural resources
of the country. The apparent answer,
though yet undetermined, is that they
have. By bribery and corruption the
stealthy money power, of mainly
/ EnU1a1l hoe &c
ment of this country, and by system of
contraction of the currency, largely
through the clandestine act demonetizing
silver, succeeded in lowering the price of
industrial products, which leaves little if
anything to the creators of wealth after
living and operating expenses are deduct
ed, above the interest payment on foreign
and domestic debt which has been fastened
on the country and its producing class.
This inflow of foreign capital which the
enslaved daily press pipe in exultant tones
as the harbinger of returning prosperity,
is the exact opposite, and sign of in
creasing slavery to the industrial masses
in every line of useful employment.
The master spirits ofthis foreign money
oligarchy are the gold bankers, located in
the capitals of European nations. They
have successfully robbed the labor of
those old world nations by system of
government debt till their interest con-
stitutes the circulating medium Of the
country. The annual interest on those
debts more than absorbs the entire cir
culating medium, the money indispensa-
BILE to transact business, hence annually
they, the debt holders, become absolute
owners of the entire volume of money in
circulation, and through this periodic
ownership are enabled to direct its use or
withhold 1t from use at their pleasure.
This power to manipulate the worlds
money is used for vicious and selfish pur-
poses, mainly for the enslavement of labor
to further increase this bloated tyranny
of wealth.
The American people to escape further
encroachment of this money oligarchy
must rise to the emergency of the occasion,
and wrest from the banking power of this
country the control Of tie money, by
placing its control in their OWL hands
through the agency of their government.