The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-22
THE BORROWER
IND LENDER. ?"

The following letter has been received
by Mr.. ]. T.. Cornforth, of Denver Colo,
from Lynn, Mass. 1t is reproduced from
the Rocky Mountain News:
Friend J. T. Cornforth-I am alone
in my Office. smoking my pipe and believ-
ing as Lord Lytton says, That man
that smokes, thinks like a sage, and acts
like a Samaritan While all at once
thought OF you and your letter, and then
the desire to answer it.
Well if these are the times men like,
then why have they not the times they
want. \ financial system that will al
low the currency of the country to be
continually contracted is the system bus
mess men here in the east almost 10 a
man advocate. and having obtained that
system is their ruin. Yet they see ii not.
How long, o Lord, will the people sleep.
What fools the mortals be, and what a
fool am l to try and convince men. who
little read. devoid of thought and misled
rather believe the devils falsehood than
Gods truth. Well said the old German
philosopher. Against stupidity the gods
themselves combat unvictorioUs.
Terrible Will be the Judgment pro-
nounced by the living and eternal jus
tice, whose decree is final, when this ma
norant of her great laws. the immutable
and authentic laws of nature, man in
mis- rapacity and desire to control the
product of his fellow man. has created
ings are denied the God-given right to
produce. Vain and futile will be his
effort when nature chooses TO execute
her Will, and restore to man that which
men. devils incarnate have robbed him
Of Our day of judgment has come. 1t
is here. in fact all the symptoms previous
to great political changes and uphe2val,
here exist. and are continually growing
more pronounced and stronger. The
longer the bonds hold that keep men
down and under restraint. the more
violent Will be the dissolution. Instltu-
tons which do not admit OF any chanSe
in keeping with the advancement of
science and man control over the forces
of nature, viii surely die. Time IS con-
tinudlly changing the surroundings of
men, these new environments are work
ing upon his method of thinking. ana
thought is but the father of action.
Politics are only means TO an end Ma
ture will compel man to change F2i law
to conform TO hers. Our institutions and
systems must be adapted TO the great
changes that have taken place in the
physical world the last century. Laws
and customs which were then comDati-
BILE are now incompatible. Natures laws
are not mans. which is and always has
been. founded on injustice. arising from
his ignorance, will in this coming StruS-
gle. the greatest that has ever been wit
messed on this earth, surely prevail Well
is il with him, who in this great move
ment mas enlisted under the BANNER OF
truth and fights for cause that VIII
give to mankind a liberty greater than
they have ever possessed. The long cen
turtles of mans martyrdom has procured
for him few truths. few liberties we
are but the barbarians of the future. Ma
ture declares men to be tree ana equal
SO far as to his rights to consume and
produce. Man has obtained IN a great
measure political freedom and with that
religious freedom but II liberty greater
than any of these he is now demanding,
and with truth that gives force TO that
demand 1t is his economic freedom or
his liberty TO consume the fruit of his
toll. that condition can only be obtained
by discharging his debts. All the trou-
bles of today arise from the nllole.aolG
condition existing between his political
and his economical freedom. The pro
Queer has burden placed upon ms
back, that under our present nnanclal
institutions It is impossible for him to
shake off. One-half of the product of the
producer is taken from him and consumed
in paying the interest upon ms dept
which is more than 90 per cent OF the
gagged to the past This debt IS owned
by the non-producer to great extent,
and he will see to it that 1t is never
maid but so handled that the producer
shall always be under his power always
his slave All debts are paid in the prod
uct of labor. The producer must go INTO
the market TO buy money with ms iapor
or commodities. to get the debt paying
mower The larger the volume of money,
the more he obtains, the quicker ana
easier he discharges mis- obligation, the
sooner ne Is d free man. -AS AAADAS
money the less debt and misery
There was a time when the producers
had absolute control of the money vol
ume They now have delegated that pow
er to a private corporation. the national
banks. and these banks are under the
direction and arbitrary management OF
the money power of Lombard street
whose agents constitute the New York
Clearing House association, few men.
the managers of this association. acting
upon the directions received from London
The present demand for bonds comes
from these financiers. and they have such
a power over the treasurer of the United
States who acts the demands OF PreSl-
dent Cleveland, that he knows all obii-
cations calling for coin in gold coin and
having no income payable in that form OF
money, is obliged to buy gold with
bonds Now why is this pressure brought
to bear upon the treasury? There must
be some motive. 1t is this: In 1907 the
bonds can all be paid and called in if the
treasurer should honor them in silver
coin, the money named and specified in
the contract. from the simple fact that
he has silver and silver bullion on hand.
and also revenue that is paid for in that
form of money. But that happy consum-
nation. the discharge of the national
debt. would be the death of the banks as,
no bonds. no national banks. There are