The comet. (Johnson City, Tenn.) 1884-1916, 1899-06-29
Financing the InnOcents.

sail. The mariner does not bring on
storm by taking in sail, sometimes the
business man does. The mariners
lack of confidence does not influence
the weather, but the business mans
lack of confidence brings on the very
thing he is guarding against. Then, it
is said, why say anything to destroy
confidence? Well, the knowing ones"
know of the approach of a financial
crash and are perhaps bringing it on to
get possession of the capsized boats of
the "innocents."
Sometimes it is we'll enough for the
"innocents" to attend to "signs," and
sounds in the air." for that is all they
will see or hear until the storm is on,
and it is too late to escape the scoopers.
The stock market has been acting
"crazy" for some time and Henry
Clews iskept busy explaining its antics
in view of our unprecedented pros
perity," which proves that there is
something behind the curtain which
We do not otunderstand, and which Henry
does not care to explain. 1t is said the
great spectators have unloaded on the
''innocents" thus getting rid of unde-
sirable stock and at the same time lay
ing in ready cash to take advantage of
the "innocents" in the financial storm
that is to be preeipitated when all
things are in shape. Only in financial
storms can the promoters of trusts
scoop in the innocent investors" " and
the possessors of money and claims
rake in theproperty of debtors at nomi-
nal prices. Only thus can the whales
devour the larger fish which have al
ready eat the minnows. 1t is the only
way for the money power to t"fnance"
the people.
The stock market, however, is not
the only sign; gold is going out, which
is said to be like a feather going against
the wind or another object up stream
in view Of our unprecedented pros
perity" and exports. Here, then, is
another niger in the woodpile. OF
course we 'innocents" don't know
what the niger is like, but do know
that the goldbugs Of this country in the
indianapolis conclave told the republi-
can party that it was expected to give
them the monetary commission bill.
We also know that Rothschild and the
money power of Europe will not feel
altogether safe till this country rests on
the gold standard. The money power
of Europe would therefore cooperate
with the money power in this country
in bringing about a financial crash by
way of coercing congress and Mckinley
this winter. This, perhaps, explains why
gold goes upstream to Europe-up.
stream as regards the balance of trade
but decidedly downstream as regards
our great Indebtedness to England. Ot
course England can finance" this
country at any time, for we are tht
debtor, just as the money power cal
"fnance" this people at any time al
debtors. No trouble to "fnance" tn,
debtor when he is in hole and he ha
anything to Finance" him on. Th
gold standard is specially favorable t,
financing, being chronic case of crasl
to which the money power at any tim
can give the acute form. If McKinle,
finds himself financed to force the en-
actment Of the monetary commission
bill, the same as the government wa
forced to the repeal of the Sherma
purchasing clause, he will then be abl
to see that high tariff is no defens
against financing under the gold stan
dard. What is it the money powe
could not do in the way of financing
D once it set its head rightly to it. Thi
power could at once send silver belo'
par and then there would be every res
son for redeeming silver in gold to rt
store parity, that now there is for rt
' deeming greenback in gold. OF cours
neither greenback nor silver are eve
below par with the people, but unfol
tunately Harrison, Cleveland and NJ
Kinley consult Wall Street about theS
things.
). When both the silver and greenbaC
u chains begin pulling gold out of IL
e treasury Gage and Mckinley will thin
u ''time in Gillead" if not dream Of i
o Holding the silver and gold in ii
Il treasury would mean in the end IL
5 sale of some billion dollars in bond
u How would the people enjoy that {
/ top their individual troubles with IL
II financial crash? Both the governmeI
$ and people would have their fill {
> "fnancering" under the gold standar
'' and perhaps Uncle Sam would get tireC
l. 1t would be a huge joke on the "fnal
ciers" if they financed us back to b
metallism. Senator Chandler (Rep
n predicts that an effort by force or wit
is out it to pass the monetary commissiC
bill will open the mints to silver, al
maybe set the greenback mills agoin
If, however, the financing peop
> wait till the resolution is passed fxil
= the gold standard as the settled polio
the administration will find itself in
- bad way; in heading off Bryan peop
:. it will have headed itself off from a l
: turn to bimetallism in defense of t
: treasury, There will then be nothil