The midland journal. (Rising Sun, Md.) 1885-1947, 1897-04-30
Friday. April 80, 1897.
The Gold Trust and the Coal Trust.


ditions of trade, after referring to the
magnificent showing of the export trade
of the United States for three quarters of
the year ending March 3Ist says:
mo country but the United States
could make such showing as that i'll its
foreign trade for thre- quarters OF year.
But there is another side to the picture,
which also could be seen nowhere but il
this country, and which shows how weak
we are, in one particular, at least. Some
foreign gentlemen have made profitable
contracts to deliver gold to Austria, and
the Japanese Government is Withdrawing
the war indemnity money deposited with
the Bank of England.
''These gentlemen propose to withdraw
gold from this country to supply these
demands, and it is believed in New York
that, notwithstanding the most magnifi=
cent balance of trade ever piled up on
this globe that we will be compelled to
furnish gold to two distant parts Of the
globe, with which we have very slight
dealings, at the dictation of the masters
of that metal i'll Europe. If the gold is
taken at this time it ought to teach this
country valuable lesson, and the result
should be means which should protect
our gold with the care and jealousy that
the metal is protected in Europe"
The grander the showing the more
humiliating the condition this great
nation is kept in by set of men whom
too confding people consent to trust with
power, who if not traitors are not states
men or true Americans. The spectacle
of undeniably the greatest nation today
in the world in limitless resources,
wealth, power and advantageous location,
playing the role of mere dependent,
suffering itself to be dictated to by the
nations of the old world, controlled by
crowned heads, and which are from every
national point of view but second rate
powers when compared with the United
States, is one of the most humiliating
national spectacles that it is possible to
conceive. The above quoted writer we'll
says "there is another side to the picture
which also could be seen nowhere but in
this country" That is a most shameful
truth. This other side is that some for
eigners have made profitable contracts to
deliver gold to Austria and Japan, which
they propose to get the most of out of the
United States Treasury. During Cleve-
lands Tory administration these "for-
eign gentlemen" who are no other than
the Rothschild gang, robbed the people
of $500, ooo, 900 at least for similar spec
ulation. The President and Carlisle were
partners in the deal of laying a thirty
year mortgage on the people for which
the country never received one cent of
advantage. According to the above and
similar statements in other financial
papers, the same thing is to be repeated
under Mr.. McKinley's administration.
There is 1854, 900, 900 of gold in the treas
ury to draw upon when these foreign
gentlemen" get ready for operations.
This magnificent balance of trade" was
created by the robbery of the country
through Cleveland's bond deals, and his
other financial blunders and crimes, every
one of which was aided and abetted by
the Republican party, which was in a
position in Congress to have prevented it
all. The price of everything the industry
of the people had created was knocked
down so low that they undersold European
producers in their own markets, and that
was the way the great magnificent balance
of trade was created, which piled I54
millions of gold in the treasury and other
millions in the gold banks of London,
which these foreign gentlemen" are
preparing to sell to Austria and Japan at
a large profit to them and a correspond
ing loss to the farming and other indus
trial classes of this country. This does
not show chow weak we are' but how
strong, and what fools we are to trust the
management of the affairs of the nation
in such hands as we have been allowing
it to be placed, and according to the above
quoted commentator, the government
still reposes.
We believe the people are learning this
svaluable lesson" and when the present
administration repeats the Cleveland gold
role, which is predicted by the goldbug
writer, the people will have committed
the "valuable..lesson" by heart.
The above is what the Gold Trust has
mapped out to do and glimpse of what
that trust has accomplished. The next
chapter is on the operations of the Coal
Trust. The same writer says of the Coal
Trust:
"The anthracite coal trade has dis
tinctly improved. There has not been a
time recently when the leading producers
were so harmonious as to the conduct of
the trade. and there is very little coal SELL
ing below the accepted official prices.
The output of coal in March was just
what was agreed upon, as it was i'll Feb
ruary. 1t is now understood that there
will be no increase i'll the tonnage this
month or next. i'll which case produc-
ton of at least a, 900, 900 tons per month,
to the end of year, will be necessary to
supply the demand. From the producers
point of view the trade never looked
more promising, as prices of coal are high
as we'll as stiff Bituminous coal has
been sold on the basis of IS to 65 cents
per ton at the mouth of the mine 1t is a
curious fact that the anthracite sizes
which come into competition with btu
minous coal are scarce"
In the above paragraph we have the
confession that most perfect coal trust,
embracing both anthracite and bitumin-
GUS coal is in operation. The coal trade