The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-10-29
MONEY LENDING LONDON.
Alarm Of Ensfish bankers At Pros-
meet az u541eto .Ffas-7.

! Alarm Of EnEtlsl Eanl-er1 At rFce-
pect Of Bi1aetaEliaza.
Money-lending London is seriously
alarmed at the prospect Of bimetallism.
IGf this there is no question. The fears
Of those who profit from dear money,
Iwho cling to the gold standard because
il enables them to rob their debtors,
fears that silver VIII be remonetized
and this power TO legally rob taken from
them, find an echo in the London press,
subserYient, as is the metropolitan
press everywhere, to the mony power.
and as the alarm Of the money lenders
Of London grows so do the hopes Of
bimetallists in England and on the
continent Of Europe.
All money-lending London is not gold
mOnometallic, but the greater part is.
It was money-lending London that ca
ijoled the debtor nations Of the world
into abandoning bimetallism and
throwing themselves into hopeless
financial bondage to the creditor classes
Of Great Britain, and having accom-
plished this, money-lendiHg London
does not care to see severed those bonds
Of financial dependence. Cupidity
draws on the money lenders Of London
toOppose therestoration of bimetallism,
itooppose the undoing of the dear money
system that they have yoked to the
debtor nations of the world. The clos
ing of the minis of the western world
to free silver coinage and the tying
down of the western nations TO the cum
age of gold for their supply of money
made greatly increased demand for
gold, made gold dear and prices Inv,
so that when debtors come to pay their
debts they must give to their creditors
more produce than they coVenanted
to pay or, what is the same thing, pay
Ia gold that viii buy more of the prod
ucts of mems labor than the gold Dor
roWed. And since 1873 gold has been
doubled in value and prices cut in half,
80 that the creditor can exact on loans
made prior to 1873 twice the value
loaned; that is, if he can exact twice the
the value if such piling on of burdens
has not bankrupted the debtor.
So it is that mOney-lending London
has grown in wealth and power with the
closing of the minis of the western
world to silver and the appreciation of
| gold, And at the prospect of losing
this power TO exact tribute from the
rest of the world, the money lenders OF
London, clinging TO this power, to the
monetary system tina; has enabled them
to rob their debtors, take alarm. Thus
it is that most of them are gold mono
metallists, for they have profted from
dear money, and they ding to that
/ which has enriched them by enabling
them to subtly prey upon mankind, to
exact from their debtors more than is
due. But it is not so with all of them
for many have learned that cupidity
S carried too far defeats its own ends
p that when with misery greed gold i;
driven ever upwards and property
down, the point must inevitably bC
j reached when the creditor will fnC
E himself transformed into a property
owner. And as soon as he who started
as creditor finds himself a property
owner his interest lies not in further
enhancing gold and depreciating prop
erty, butin cheapening gold and enhanc
! ing the value of property. So all money
! lending London is not monometallic
: a part, that part which has come int
o possession OF much property through
the bankruptcy Of debtors and tina
part which fears a further appreciation
I of gold, knowing it means bankruptcy
$ for their debtors and ownership o
e property for themselves, is bimetallic
r Yet it is unquestionable that money
S lending London, revealing on the IN
e earned profits coming from a monetary
o system that eonstrains debtors to paJ
+ more than they honestly owe, is pre-
ponderatingly Observation-Disclosures