The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1899-01-05

No operation of the shylocks Of the
world has succeeded in skillfully rob
bing mankind as has the gold STANDARD.
The appreciation of gold by making il
the only standard money has been GO
ing steadily on as country after country
has been brought under the yoke, all
which is seen and felt by the d preCia
tion of values.
The shylocks referred to, are the men
who control governments, holding those
nations in their grasp as debtors, and
dependent on these financial autocrats
for money favors Of which these govern.
ments are likely to be in need at any
time, especially in case of war, with
which they are constantly threatened.
Russia, for example, has just secured
loan through the Rothchilds Of $780,
O00, 900, fall ng to get 1t In New York.
Gold standard papers in this country
have been blowing about our wonderful
prosperity, and claiming that New York
was now the money centre OF the world,
and that London had no longer that
honor.
Indeed, we were told that the Russian
loan was to be taken in New York, that
the balance Of trade was so heavily in
our favor that our banks we're flush, that
they could draw on Europe for large
balances in gold as financial supremacy
was with us.
The bull cliques Of the stock exchange
are full of blow, and in this way they
draw in and fleece the pulls. Well, two
weeks or so ago million Of gold was
ordered in London for shipment to this
country; and the stock brokers were up
stairs claiming they were the fellows in
"absolute controll"
The New York Herald thus tells what
followed: "There was rush to buy on
the part of traders, but they had a dis
agreeable surprise, as the purchase of
the gold led to sudden rise in dis
counts abroad, a consequent advance in
sterling exchange and the sale OF
some forty thousand shares OF
stocks here for European &C
count, The result was a decline,
which might have gone much further
had not the market received judicious
support from cliques that had been
engaged in quietly feeding out their
holdings
1t is easily seen from this who control
exchanges, when, in day, Europe can
throw back upon US 10000 shares of
stock representing some two and half
millio ls Of value, and so smother any
power to demand gold. All this goes to
show that this country Is still debtor
to Europe, and the estimate Of high
authority is that it takes three hundred
millions annually to square up interest
on foreign Indebtedness, pay freights to
foreign ship owners and expenses Of
Americans living and travelling abroad.
During the five fiscal years, 1S94-9s,
the total balance in favor of this
country in our trade returns amounts to
81 ,431 ,000, 900. But counting 1900, O00,.
600 against US each year, we fall short
s14, ,OO0,O year, end so lack that
much from squaring the account. The
fiscal year 1898, ended last June 80, and
since then the balance of trade has been
hesvily in our favor and so will help to
square the advance balance.
We have shown enough to let anyone
see that our bank magnates, with all
their millions, have Aot yet financial
control abroad ,and need not put on airs
and assume that they have the power to
draw gold and control the money mar.
ket. They may have something Of
grip on this country by their partner
ship with the Republican party, but it
does not extend to Europe.