Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1900-07-13
THE ENGLISH ..BExEs1s."s

THE ENGLISH .'HENESIS."S
The Single Gold Standard VIII Bring Just
Retribution To The BlufFing Britons.
A recent number of the Investors
Review. of England, published by A.
]. Wilson. contains the following un-
der the caption. "Nemesiss;
Perhaps in this age whose faith is
that might is right; that he should
take who has the power. and he should
keep who can; when materialism. in
short. of the grossest kinds appears to
have taken the place. in the majority
of minds. of any higher ideal of frag-
ments of nobler faith-our attitude
may be ascribed to avatism. Be that
as it may, we do not retain the con.
viction that evil. doors meet with their
due reward. even in this world; that
If men commit crimes. or lend them
selves to the committal. they will suf.
fer for it; that in the case of wars, as
L DWELL sang.
If you take a sword and dror it.
And 60 stick fellow thru,
Guv'mint aint to answer for it,
God'll send the bill to you.
We shall not dwell on this personal
and individual aspect of the present
fractricidal strife pounding and floun-
dering along in South Africa. because
the object of this article is to draw at.
tention to the broader national as.
poets of the Nemesis of suffering and
disaster which is preparing for US as \
nation. Let US come down to sordid
things. and interpret fact and the fore
casts of these and these alone. Is 1t
not beginning to be plain even to the
least instructed mind that this war is
going to bring vengeance upon US
even long before it is fnisheda Look
at the position of our money market
and our stock markets, to come At
once to plain. practical issues. Com.
pared with the highest price of last
year the depreciation on Consols alone
today exceeds ESQ. .ooo,o 900. In all
other securities of what may be de.
scribed as the highest investment class
the same depreciation has gone on.
Since the middle of February EN-.
ployers of credit have been compelled
to lean upon the Bank of England al
most without interruption. The power
to finance new undertakings, to sub.
scribe for fresh loans. and to conduct
the ordinay business of life has been
in no small degree withdrawn from the
market, except as it obtained assistance
from the bank.
Each fresh creation of debt. or fresh
issue of capital by public authority
or corporation. has served to empha.
size the markets poverty aud embar.
rassed position, until now We find that
great and widely celebrated war loan
subscription turning out to be SO hol.
low as almost to represent hoax on
public credulity. Neither this huge
loan nor any other colonial or do
mestic issue has been taken up by in.
vestors. for the good and sufficient rea.
son that investors do not possess the
free means with which to subscribe.
and have b.en plotting and syndicat.
ing and manipulating to present q
show of success SO as to avoid open
failue. With each installment COM
ing due the Khaki loan will reach .
lower price. and presently, when the
government has to confess. as it musi
very soon, that its estimate of the cos
of the war was totally inadquate ane
misleading, and has in consequence t.
appeal to the public for further assist
ance. it may not be able to raise fIo,
ooo, 900 by offering per cent. for it
But ffo. 900. 900 in another two o.
three months time will probably bare
lly amount to one-fith of the amour
actually required to pay the war bill
and how 1t is going to raise all th'
necessary money without breaking on
market in pieces is beyond the wit o
ordinary man to compreheud.
In these observations we simply Civ
An outline of existing market danger
, and probabilities. As weeks an,
months pass this outline will have to b
filed up in fashion SO melanchol
that we forbear to anticipate it; bu
it may be said now that surely Meme