Daily capital journal. (Salem, Or.) 1896-1899, 1896-09-05

t'ueS VI DTlCk Wnlie deprived OF the nee
esssry straw. Where is this policy to
end1 IL continued, what will be the
fate Of our children1 Wealth will be.
come absorbed by the few. aud they will
be the task-masters of the world.
Mulhall, the English statistician, esti-
mates the total amount of the gold
money of the world at six billion dol
lars, which is two billion above the
general estimate. OF this amount the
Rothschilds now own Une-ffth. Put in
government 81 per cent bonds and, com
pounded semi-annually, their wealth in
SO years will absorb the entire stock of
gold of the world, and if we remain on
gold basis, they will be the masters of
the world. Prior TO the discovery OF
America by Columbus, the entire money
of Europe had passed into the control OF
one class of men. Under Providence
America was discovered, the precious
metals were found and Europe was
liberated from its thraldom. Provi
dence has placed within our reach the
precious metal silver, which will enable
us to liberate ourselves from our i'm.
pending thraldom. The issue is plain
issue. shall we continue on gold basis
and remain the serfs of the money lords,
or shall We restore silver as standard
money, break the shackles which bind
us and stand forth as free meng
GOLDEN IDoLATRY.
ldolatry is an inherent sin in the
human race. And it is grievous sin.
There is no sin upon which the Almighty
looks with more displeasure, aud there
has been nothing which has been more
idolized than gold. Stocks and stones,
images of wood and clay, beasts and
reptiles, the sun, and FIRE have all had
their worshippers, but to nothing else
has the devout and widespread homage
been paid that gold has received. Ne
buchadnezzar, King of Babylon, erected
golden image t10 feet high to which
the homage Of the entire nation was
bestowed, And the chosen people of
| God after having passed dry shod
through the Red Sea, after having fol
lowed the pillar of cloud by day and thv
pillar of fire by night, after having
drank from the smitten rock and eaten
the heaven-sent quails and m ma, and
right following the visible presence Of
| the invisible God amid the clouds and
fire, the voices Of trumpets and ia,
thunders and lightnings of Mount sinai
while their chosen leader was still OF
the mount, made them golden calf Hni
worshipped it, utterly forgetful OF I'll,
God who had 80 miraculously led ant
sustained them in their journeyings
And even now in the latter part of the
nineteenth century, and in the broad
light of the experience and civilization
of the whole human race and the IRE
futable evidence OF our Almighty Rule
of the Universe of nations and of men
we find as in the ages of the past, al
unaccountable idolatry of gold.
Now, the object of devotion is n Il IL
the shape of the Babylon image or tn,
Israelitish calf, but 1t is In the form o
the British gold basis. The devotees o
this basis are just as unreasoning an,
unreasonable as were the devotees o
the image and the calf. And will no
God punish this idolatry as he Ina
: formerly punished itp Three thousan
Israelites fell for their idolatry and Kin
: NebuchadnezZar for his was was drive
from men and did eat grass like oxen
And for this idolatry of a gold basis
not whole nation sufferingi Let u
hope that, like tho Babylonian king, tn
J worshippers Of the gold basis will ulti
mately have their understanding re
turned unto them, that the evil the
have inflicted upon the country may
lifted from an afflicted people, and tina
; silver may be restored as standar
money and prosperity may be restore
10 the land.
DEPRECIATION OF VALUE.
1I Justice Walter Clark of North Care
lima said that on u recent trip TO Mel
leo, when arriving at El Paso he change
B his United States money into Mexica
money. receiving nearly two dollars 70
one; that twenty years ago both dollar
were at parity, thus demonstratin
| that either the Mexican dollar had q,
preciated or the United States dollI
had appreciated; that the Mexican do
. lar had not deprecated. as was show
. by the fact that cotton was IA cents
= 4 pOuuug WHodt aolluh Duhhelf dn
Z wages the same ~ when the two dolla
! we're at q parity, while In the Unite
States cotton was seven cents poun'
9 wheat fifty cents a bushel and wag
q about half their former rates, shown
! conclusiVely that the United States doll
0 had appreciated, and that such appr
ciation had been TO the injury OF tl
. laborer and producer and 10 the benei
Of the money-owner, the value OF who
wealth had been really doubled by OF
4 financial policy which had demonotizs
! silver and placed the country on Il
narrow gold basis.
,I A Missouri farmer about q year al
: stated that corn was then twenty cen
a bushel and potatoes ten cents bushe
and that II the salary OF Presidel
n Cleveland for one year was paid In con
and potatoes, II would take 10 pay
: i25, 900 bushels OF corn and 5000
!. bushels of potatoes. In the spring
1903 President Cleveland desired II
banks Of the country 10 give 10 tho pc
!, pie an "object lesson" which won
force them 10 acquiesce In the repeal
the Sherman law. The banks. In oh
dienee 10 his wishes, withdrew the
= 4 a IL "a - ~ 1.