The midland journal. (Rising Sun, Md.) 1885-1947, 1896-11-20
Our Strength and Our Weakness.

The desperate straits of the money
changers in their battle against the people
i'll the last presidential campaign imme-
diately began to show themselves after
the election. Mills had been forced to
remain idle for months in order to bring
pressure on the labor class, while con-
slant cry was kept up of danger to be ap-
pretended i'll the event of Bryan's cleo
ton. Money was locked up and people
engaged in legitimate business prevented
from using enough to keep their business
moving.
Every one who looked below the surface
saw the plot, but the great mass of the
people cannot see below the surface and
are easily deceived. Immediately after the
election was over the mills that had been
closed for months started to fill the orders
they had been collecting during this
season of concerted idleness.
| The Comptroller of the city of New
York when he opened bids for some six
teen millions of city gold bonds, which
were to bear 81 per cent. interest found
that he had offerings which would have
been sufficient to absorb four or five
times as many bonds as were offered, and
that majority of these bids were at
premium which would bring the rate of
interest down to 3 per cent, or even less.
Moreover, almost all of these bids were
for American investment, and some of
| the offerings were made from institutions
and bankers that week ago were begging
for money, and willing to pay as high as
80 per cent or 10 per cent. for its use.
In the exchange while these bids were
being read another transaction took place
involving the sale by the Bank of England
in our markets of four millions of the
recent issue of Government per cent.
bonds, and these securities were sold at
our price and not at the price of the
London market This sale was undoubt-
eddy ordered for the sake of raising the
rate of exchange so as to prevent any
further departure of gold from the Bank
of England to this country.
But the impression is that it will re-
quire much larger amount to put stop
to importations of gold, since all the in
dications point to continued purchase of
American wheat and other provisions,
which must be paid for in gold or its
equivalent until we begin to import more
than we export.
This is the condition as sized up by
New York correspondent for the daily
press. 1t not only shows the conspiracy
by the money power and privileged cor
poration class against the people, and the
danger to the public and the republic as
we'll, that exists while this power which
Bryan so heroically opposed, is allowed
to remain in control of affairs as at pre-
sent, but the slender thread is exposed
by which that power is fastened on the
people and the Bank of England, that
Babylonish harlet of the nineteenth
century is compelled to sell bonds in the
New York stock market to prevent or
stop run on her hoard of gold which
alone interposes between the pirate and
estruction.
Any political student who will study
these facts can readily discern how very
easily the United States could establish
an independent financial system that
would speedily put an end to the English
pawnbrokerage system by which her Jew
bankers are robbing the world. The very
shallowness of their scheme deceives the
public who are looking for something
very profound and mysterious to fathom.
The wheat of India having been
destroyed by a great drought and they
can no longer get supply there to beat
down the price of American wheat, the
great Jew Bank Is shaken to its center.
If they could not procure wheat and cotton
in India the British nation would be at
the mercy of the United States; and they
could not procure these supplies and
compete with the United States if they
did not get silver from the American
continent at half the value it is to them
in India.
The entire dependence of the English
to maintain their commercial supremacy
against this country rests upon their
ability to get raw material aud bread
stuffs from this country below their cost
price to us. The discount in cost while
ruinous to our industries is a gain to
England A drought cuts off the east India
supply and Immediately the British nation
shows signs of paralysis, and commences
to sell bonds in our market to preserve
her great buncoing Bank from entering
the shadow of an ever threatened danger.
The United States is like strong horse
which not knowing its strength submits
to be driven by child.
! Our people lack education. Let the
Populist schoolmaster continue his work.