The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-01-22
SALT HERALD. FRIDAY; JANUARY 2s 1897.

about $500 of these institutions. They
each require at least $4,000 in bonds to
obtain their charters and 10 renew their
lease or life, and mark my words, moth
Ing will be done till their wants are sat
isred. even by doing the people are
thrown out OF work, business paralyzed,
men now in easy circumstances ruined
and the whole producing capacity OF the
nation mortgaged to the Shylocks, both
in this country and the old world. But
IN so doing they are only Fastening their
own destruction. and time will prove the
truth of this assertion. They are not
suitable TO the demands of the times. and
must either go or be willing to suffer
great change in the methods of conduct
ing their business. they are doomed
simply from the fact that those who con-
duct them will not acquieSce to this de-
mand.
The producer will never obtain the
ability to pay his debt so long as the
medium of exchange is furnished him
by the banks. They never will allow
lar-e volume of national money to be
created. as by so doing the people can
use their own and not be compelled TO
depend upon the banks Tor their credit
form of currency, in the shape OF bank
checks, bank obligations, resting upon
the money of the nation iuIe IN their
vaults, as the foundation of that credit,
and that form of currency, at the option
of the banks, expanded or contracted ac7
cording to the amount of legal reserve
on hand. The banks have absolute con-
troll over this credit money, which does
50 per cent OF the business exchanges OF
the country. The producer must control
the volume, regardless of its intrinsic
worth, or those who now have that pow
er will own and subjugate him. 1t is
we'll said in the Hebrew Bible that the
borrower is servant to the lender the
lender is today the master, the borrower
the producer. only trust that the
American producer will arrive at that de-
gree of mental capacity, that common
sense, that natural wit, to understand and
comprehend his true position and obtain
that which in his ignorance he has re-
signed-the ability 10 pay his debts.py
possessing the greater prerogatlVe OF
sovereign, as he is, the coming OF money,
and by fixing its exchange value by
exercising a null and unlimited power
over its volume. the number of units
so coined, and guard and maintain with
u jealous eye his greatest liberty.
This right we are gust commencing 10
battle for. 1t is farreaching, world-en-
veloping, and viii prove to be one OF the
most stupendous struggles that ever man
has contended for, and when won Will
give him a degree of power ana prosper
ity such as ne never possessed. In TINS
struggle, who is to win? Man or nature!
0 man. stupid idiot that you be. canst
thou prevail over nature, and divert her
laws from their true course, or by tny
puny efforts counteract the eternal laws
of God, stop intellectual development anu
the evolution OF man? CanSt thou Gluten
al the wheel spokes OF time and stop
nature in her grand advancement! Ut
deny man his NATURAL IL Oil Siiio
the kings of the lower world say, Yea,
and smooth-voiced tiatterers cry, Peace;
peacei But there is no peace. -The SWORD
of Damocles, by a single hair, is hanging
over your head. ready to fall. Fools
laugh at your conceit; wise men sweat
great drops of blood beholding your ar
rogance and ignorance. Great Heart
abides in his strength. Love overiaps all
the barriers of prejudice and superstition,
and Faith sees the dawn of u better and
more glorious day, and laughs you 10
scorn. Not always will the poet sing:
Allah Allah, cries the stranger,
Wondrous sights the traveller sees,
But the greatest is the latest.
Where the drones control the bees.
Friend Cornforth, it is for you, it is for
Americans worthy 10 so be called; 1t is
tor me to grid up our loins as we never
girded them before. The fight has but
lust begun To your tents. Israel
The Philistines are upon u.s. with Amer
lean soil beneath our feet, American
hearts within our bosoms, and the Amer
lean flag proudly waving over our heads,
God DER head and soul within. do our
duty for humanity, for our God. and for
America. h .. NEW HALL.
LYNN Mass