The Louisiana populist., 1895-07-19
CLOUDS THE WORLD.
THE SINGLE GOLD STANDARD
BRINGS RUIN.
An Article In Which 1t Is Shown That
All the Great Governm ments Are Aupu-
ally Spending More Than Their In
comes, and the Reasons.


throughout the world Is directed I,
the collection of interest on none,
loaned. AND the correlated fact is tha
the chief end of business is to borrow
money. The nation is considered
highest In prosperity that can borrow
money cheapest. At bottom it Is this
fact that makes the demand for 9
single measure of values-gold. /,
simplifes usury and increases the
power OF the usurer class.
The effect is seen in Europe more
than in this country-for there the
money lenders absolutely own the
governments, and the civil power,
standing armies and ships OF war are
but collectors of usury. We are re-
minded of this fact with great force
by an article in continental review,
the Message d'Athenes, under the
title OF What Prince Bismarck Costs
U.s." 1t is from the pen of Gen.
Turr, Hungarian civil and military
engineer. We put aside the title and
animus OF the article and deal only
with its facts and figures. for after all
Bismarck was only what tho govern
ing system Of Europe made necessary
for his country in the general strife
OF selfish power and of government at
the expense of the people for the ben
eft OF dynasties-th descendants, as
a mobility" of the ancient robber
chiefs OF a barbarian age.
General 1urr shows that what is
called 1.-THE peace of Europe" is main
tanned at the enormous cost of 81, OOO,-
600, ,O0G year for armies alone. In
the the last twenty-five years it has
cost $25, 900. .000,000 and still this
enormous drain on the labor of the
peoples of Europe is going on without
hope OF abatement.
Germany expends 1926, 0O0,0 900 =
year and collects 1925, 200, 900.
France has increased her debt $425,-
600, 900 in nine years. while she col
lects Iow $640, 000,0 and spends
$500. 900, 900. And this writer sums
up the balance sheet of all Europe as
$2, $50, 900. 900 collected and $780,
600, 900 spent annually-or debt in
crease of $500. 900. 900 each year.
This is the gift of the gold syndi-
cate-the system OF the usurer-to
Europe, and had the writer looked
across the water he might have
added the United States to the list
with her peace increase OF the public
debt of $3.50, 900, 900.
What is to be the end of this sys-
tenn? Either an instant change, or
in Europe the reputation of this
enormous burden by war; Does any
body suppose Europe can GO to war
and pay this debt both? The United
States can yet pay, and the vultures
OF usury are now taste ming their hold
upon America against the day when
Europe breaks down and its oppressed
peoples are unable to longer pay and
eat both.
We hear the cry of "Repudiatiou. :"
Did you ever see flock OF buzzards
driven from their feast OF death that
they did not cry out as il overwhelm-
ed with grief and Indignation? But
there Is no life where they fatten,
Notwithstanding. England is the first
to protest against reputation. yet her
vast financial power rests on the mas
ter swindle aud population of the
world-her consols. The principal
OF her consols she never expects or
proposes to pay, and compromises
with her creditors by dole of nomi-
nal interest. Did the world over
dream before Of such a gigantic repu-
diation of an honest debt? The cap
ital OF these consols was spent in |
fastening her gold power on India and
the world-yet she repudiates the
principal and pays only nominal tax
TO its owners. Let the cry of ..repu-
diation" be taken at its honest worth
from this source at least
The United States up to 1898 was
annually reducing it's debt by q sys-
tenn In harmony with the usage of
mankind since values were exchanged
and in agreement with nine tenths of
the race to-day. 1t was In 1878
stabbed in the house of its supposed
friends, murdered outright in 1898,
and in 1895 we have passed from
lebt paying 10 debt making nation,
aud joined In the march OF death in
The rear OF the European procession.
Now. let us talk plain commoe
sense on this subject. Ia twenty
seven years, from 1865 to 1892, the
United States had reduced the nation.
Il war debt from $4,000. 900, 900 to
/. 600, 900. 900, and at the rate it was
being reduced we would have been out
" debt in 1910. Now just look ut the
condition OF Europe and think what
We, then nation of one hundred
million people. out OF debt would be
q the financial and commercial world.
europe would not be able TO maintain
Ter present condition of government
n the light OF snch an example in q
rec. self-governed people.
Hence the conspiracy to force US
nto the same line OF policy. 1t is the
money power that hes brought this