The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1899-03-10
THE MONEY TRADE.
ovsrnowing Golfers Of Capitalists
DO Not Indicate General
Prosperity.

OK. and IA other large cities also that
the banks cannot get rid of It, Al
though their loans never were greater
II 80 large. still the rates II inicres.
are lower than ever known. lower even
than in London, and London has bor-
rowed several millions in New York
aud Chicago TO prevent their losing
their dear and most beloved gold.
American capitalists are even consider
ing the policy OF initiating the English
and seeking investments abroad. These
"hnanciers' are predicting that ''we'
Will soon be a creditor nation" like
England. Their aspirations and ambi-
ton, il is noticeable always end in the
hope that 1--WE" may be enabled to imi-
tate England, 10 do as England does,
TO be like England.
II these New York "financiers" were
fnanciers in fact. and understood the
true science of money, they would get
their eyes off Of Wall street. and Lon
don. and their chambers of commerce,
boards of trade. bourses, etc. where
gambling is termed business. look
abroad over the land, consider the con-
dition of the laborirg. producing class,
and then they would comprehend. that
although an imemnse volume Of bust
ness appears TO be transacted. there is
little or no profit. They would compre-
hend the reason productive enterprises
are not being extended, new railroads
being built and the kind OF business
that calls for the investment OF money.
which looks for its return in increased
wealth and profitable prices.
The business that is moving at pres
ent in the great center is, outside the
movement Of wheat, speculative a spe-
cics Of gambling which adds nothing 20
( the wealth Of the country. All wealth
creating enterprises are stagrant
Prices remain below the cost Of produc-
ton. hence the plethora Of money
which;sapparentto the eyes Of the class
az fnanciers and business men Of the
Wall street brand.
This class is engaged entirely in the
money trade. They add no wealth 10
the country. and have made money so
abundant in the "centers Of business"
that they do not know how 70 dispose
OF it IN order TO add to their plethoric
stores. by making il scarce to every
body engaged in industrial pursuits
Their harvests have all been money har-
vests and their graneries are bursting
with the products of their skill.
During the civil war the government
issued money sufficient to set all the
Idle hands to work. Railroads and cities
were built. farms opened in the mighty
west, factories were established or
every hand mines opened. and vol
ume of industry created. which EN-
ployed all the money issued by the gov
eminent to conduct it, and exchange
the steadily swelling volume OF wealth
The wealth creators, estimating theii
ability 10 make a profit based on the
prices received for the products Of theii
industry. risked borrowing money ano
placing Obligations on the property
they had acquired. never dreaming o.
the conspiracy which had been import
Cd from Europe to plumber industry OF
all the accumulated wealth Of the years
when government had furnished q
supply of money to reward their ener'
giles by liberal prices for The products
Of their toll The war was hardly end
ed when the conspirators commenced
preparations to destroy the money and
reduce the quantity in circulation
when more money was demanded "a
supply the vast volume of new business
that had grown under the era Of suf.
ficient volume of money, and also tc
supply the needs of IL 100000 Of people
in the southern states who came out OF
the war penniless.
As the circulating medium com
mcnced 10 contract, while demand TOT
more money commenced 10 rapidly IN
crease. prices began TO fall. The honest
toilers. not aware of the conspiracy
carefully planned to rob them. looked
upon the drop in prices as temporary
occurrence incident TO the natural
fluctuations of business that would
soon pass and prices again assume
their normal condition, and didn't he 81
tate TO add more debt TO that which al.
ready rested on their property, know
ing that if business continued rs in the
past. they could pay out. But prices
continued to fall. interest required
much larger amounts ofproduce 10 pay
than formerly. when thc debt was ere
atc,l. Being thus caught in the tolls OF
debts. the temptation born OF neces
sity. lured thousands on TO go stilbdeep
er in, till finally crushing load rested
on their homes and property. This was
the condition Of the entire western
country. and as prices tended steadily
TO a lower level. the eastern portion o.
the country was soon as hopelessly in
volved as the west.
The millions Of Industrial people
however. still continued their efforts
rebuilding their energies 10 escape
from the taskmastcr of debt. IL posi-
bic. but in vain, The great volumes o.
wealth they produced were drawn az
surely and steadily into the hands O
the usurers as dew. And this process
has continued TO the present day, and Il
steadily going on. The capitalists, a.
they delight TO call themselves. have
gathered all OF this vast wealth into
their possession through the alchcm,
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