The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1903-08-21
Hill Speaks
Continued from First Page.D

as 'spectacularism,' if 1 may be per.
m:tted TO coin tina word.
"Spectacularists usually affect supe-
riorlty over other people; in the matter
OF patriotism they desire to be regarded
as the only true patriots; they assume
10 possess all the virtues, while other
people in their estimation possess all
the vices. They abhor silence and OBJ
scrulty- They assert the commonest
KIND Of self evident propositions, which
nave become moss covered from age,
with an emphasis as though they We're
olacless and as though their platitudes
were wholly original.
They have their press agent, who,
unsolicited, supply the newspapers
gratuitously with the details of what
they do each morning, noon and night.
as though the world was holding its
breath for fear hat something would
escape it pertaining to themselves. If
they happen to hold a public office they
are delighted to see their smallest pub
liz acts paraded. magnifed and ap-
pIauded. They are sure that there was
V before such public officials as
tRemselves-so earnest, so honest, so
Self sacrificing. They NEEDLE with
everything, whether within or without
their official Jurisdiction, and usually
mUddle everything with which they
ave anything to do.
Experimentation as here interpreted.
Is a sort of disease-it expands the head
and contracts the conscience; and may
appropriately me called Ego-Manfa
which is another name for egotisrn.
The hope of the country lies in the
great mass of cool, deliberate and con-
servatiye citizens, who pursue their
a V041r jnrS a md narfnruo thair 6,,t;ae ~
ostentationusly, and entertain sincee
convictions of their life's work. They
neither delight in war, in contention,
Tor IN unnecessary strife. They carry
no chip upOn their shoulders always
looking for CUB Their ways are
Ways of pleasantness and their paths
are peace, and they believe that right
eouSness, more than the triumphs of
war exalteth a nation"
Mr.. Hill discussed Fictitious versus
1eai prosperity" as follows:
There is a chorus of assertion con-
Stantly reiterated, that the country at
the present time is enjoying a period
of much prosperity. There are grave
reasons for doubling the entire incor-
reCtnesS of the statement. 1t is conced-
ed that many public works are in prog
ress of construction and many impor-
tant enterprises are in process of de-
Ve-opment but the fact must be borne
In mind that most of these schemes are
beng fiOated upon borrowed capital
that the future is being largely mort
gaged-and that profits to hereafter
accrue and dividends to be hereafter
declared are already being anticipated.
ana there is no adherence to the good
old fashioned and safe doctrine of
paying as you CO. The country has
been surfeited with the issue of various
stocks and bonds which has been palm
ed upon a cOnfding public under the
promise of ~profits-never earned and
not likely to be earned Until a finan-
cial reaction has set in which has dis
turbed public confidence, inaugurated a
failing market and temporarily at least.
even if not some time to come prevent
ed safe financial investments. and the
end is not yet.
Commercial centers seem TO be
ing TO congress for some sort of finan-
ciai relief, the exact nature of which is
not stated twice alike. You will recall
the fact hat it was only a few years
agc when there arose u demand for the
repeal of the Sherman silver law on
the ground that silver was too cheap or
too plentiful to warrant its continued
CClrage as money metal and cOmpul-
SClE silver purchases We're accordingly
stopped. n properly so; and soon
thereafter arose a clamor upon con-
greSS for the creation of a single gold
standard because better money was
said to be desired. and the single gold
Standard measure, as it was, was duly
enacted and the financial millennium
was freely predicted; and now when a
falling market is depreciating values
and Wrecking fortunes we are told that
We u Immediately have additional
financial legislation providing for what
the next speaker of the house of rep
resentatives has recently described or
dubbed as a rubber currency The
question is presented whether this pro-
posed measure is in the interest of the
people or otherwise. We are informed
that its details are not yet wholly per-
fected, but it is announced that it's
principal feature IS in substance and
effect an authorization of the loaning
by the government to national banks
o. the surplus in the treasury of tte
United States upon approved securi-
ties
The financial situation will indeed
De desperate when such eXpedients as
loaning the peoples money to corpora
tiCnS is suggested rather than reliev-
ing the people from the taxation which
has produced the accumulation of the
surplus and which accumulation has
largely caused the present congestion
in the money market"
BASE BAL YESTERDAY.