The Iola register., 1901-06-14
DR.. Talmage Arraigns the Spirit of
Wild Speculation.
He Gives Some Account of the Finan-
cial Ruin of other Dnys-Money
Golden Breasted
bird.
copyright. 1901, by Louis Klopsch, N. "
Washington, June 9.
bird.

hlcheS certainty make themselves
wings; they fly away as an eagle
toward heaven"
Money is a golden-breasted bird
with silver beak. 1t alights on the
office desk or on the parlor center
table. Men and women stand and
admire it. They do not notice that
it has wings larger than ravens,
larger than a flamingos, larger than
an eagles. One wave of the hand
of misfortune and it spreads it's
beautiful plumage and is gone-"as
an eagle toward heaven my text
says, though sometimes l think it
goes in the other direction.
What a verification we have had
of the flying capacity of riches in
Wall street. And Wall street is one
of the longest streets in the world.
1t does not begin at the foot of
Trinity church, New York, and end
at the East river, as many suppose.
1t reaches through all our Ameri-
can cities and across the sea. En-
couraged by the revival of trade and
by the fact that Wall street disas-
ters of other years were so far back
as to be forgotten, spectators run
up the stocks from point to point
until innocent people on the outside
suppose that the stocks would al
ways continue to ascend. They
gather in from all parts of the coun-
try. Large sums of money are
taken into Wall street and small
sums of money. The crash comes,
thank God, in time to warn off a
great many who were on their way
thither, for the sadness of the thing
is that a great many of the young
men of our cities who save a little
money for the purpose of starting
themselves in business, and who
have $500 or 81 900 or $1,000 or $10,-
600 go into Wall street and lose all.
And il there ever was time for the
pulpit to speak out in regard to GER
tain kinds of nefarious enterprises
now is the time.
Stocks rose and fell, and now they
begin to rise again, and they will
fall again until thousands of young
men will be ruined unless the print
ing press and the pulpit give en-
phatic utterAnos. Ny counsel is to
countrymen, so far as they may
hear of this discourse, if they have
surplus to invest it in first mort
gages and In moneyed.. institutions
which. though paying comparative
ly small interest, are sound and safe
beyond dispute, and to stand clear
of the Wall street vortex, where so
many have been swamped and swal-
lowed. What a compliment IL is to
the healthy condition of our country
that these recent disasters have in
nowise depressed trade! l thank
God that Wall streets capacity to
blast this country has gone forever
First of all, Wall street stands as a
type in this country for tried integrity y
and the most outrageous villainy
Farmers who have only few hundred
dollars worth Of produce to put on the
market have but little to test their
character, but put man into the
seven times heated furnace of Wal
street excitement and he either comes
out a Shadrach, with hair unsinged, OF
he is burned into a black moral cinder
No halfway work about 1t. If l want
ed to And integrity bombproof,
would go among the bankers and mer
chants of Wall street; yet becaus,
there have been such villailies enacted
there at different times some mel
have supposed that it is a great fnan
cial debauchery, and they hardly dar,
go near the street or walk up or dowI
1t unless they have buttoned up thci
last pocket and had their lives insured
or religiously crossed themselves. Ye
If you start at either end of the stree
and read the business signs you will
find the names of more men of in
tegrity and Christian benevolence thar
you can find in the same space in an.
street of any OF our cities. When tn
Christian commission and the sanitar,
commission wanted money to sen,
medicine and bandages to the wound
ed, when breadstuffs were wanted 70
famishing Ireland, when colleges wer
to be endowed and churches were to b
supported and missionary socetSe
were to be equipped for their work o
sending the Gospel all around tn
world, the first street to respond ha
been Wall street, and the largest re
sponses in all the land have come from
Wall street.
But while that street is a type O
tried integrity on one hand 1t is also
type of unbounded swindle on tn
other. There are the spiders that wal
for innocent flies. Thererare the crocc
diles that crawl up through the slim
to cranoh the calf. There are tn
anacondas, with lifted loop, ready t
crush tho unwary. There are inancis
wreckers, who stand on the bsac
praying for Caribbean whirlwind
sweep over our commercial interests
Let ma say 1t is no place for ma
TO 90 into business unless his mor'
principls u thoroughly settled. Ths
Is no plSoo for = man to go into bus
ness who does not know when he
overpAid ave dollars by mistake whetl
er he had better take 1t back again c
not. Thai Is no place for man to q
who has large funds in trust and VIII
Is all the time tempted TO speoulat
with thom. That is no place for ma