The mirror. (Stillwater, Minn.) 1894-1925, 1907-12-26

| uouCtdt Is pFep6reQ Oy unrest, scare
and doubt, why, gentlemen, then it is
easy. very easy, 'fof the gifted crooks
and dishonest manipulators Of q ma
tfen's fiIlances to cause the direst re-
suits that ever 1dafkened the DAYS of
the business world and fhe homes of
q nation. Our financial system gives
them the very helping hand they need
insOrder to. succeed with their plots
and schemes. The very baslng and
structure of our financial system are
such, that at the proper time and un-
der the proper conditions any rogue or
syndicate Of roaues can do oeuntold mis-
chief. 3sl; <3fl vr57at9aw ~ .gl8, !
Our monetary basis Is gold. The
law has ordered that in the national
treasury there shall always be depos-
tied Or on hand 8 certain amount Of
gold asthe actual cash representative
OF all notes and coiiismoney issued and
In circulation. This sum not to ebe
less than one hundred million, either
in minted gold or gold In bars. On
this insignificant asnount sof actual
moneyssare based al the coin-money,
bills, notes. bonds aid papers of credit,
and ell recorded debts in and of the
whole nstion. It IL ridiculous, but It
lie q fact. Now, under financial unrest
and toss Of conlfdence every creditor
calls for gold. The gold cannot be
found, because it is not in existence.
They may move millions Of it from
Europe to the United States in linan.
Ecfai hard times, as they actually have
done and are doing Just at present, but
will . single penny, tf ever so bright,
Ipay your debt Of q thousand dollars !?
mot muchl And tbat-is at least the
ratio tetwsen the exiS Ting gold and al
the coin and paper notes and SECURITY
bonds and mortgages and papers Of eIi
kinds of debts now ia existence. How
easy them fora BUNCH Of crafty manip,
uIators to get together and unite In q
scheme to fstten themselves from the
ruins Of the many by contracting or
cornering all the gold money and un-
miHted gold bars they can get hold of.
They have done it ! they are doing it,
and they will do it as long as we have
aud uphold the present financial sys-
tenn. <l7
Yoi, can easily understand that by
tinkering with the small basis OF our
financial system, tits easy to bring the
whole house to totter and fall in wreck
and ruin over the heads of the nation.
But even this danger can be averted by
q healthy and tranquil social-financial
atmosphere, life fof trust and conf
dence in our leading men and institu-
tions. Aud right here, 1 will state,
that men who have been villified and
muck-raked, hooted at and cursed for
years and years, have In this last finan-
cial trouble proven themselves to be
men Of'hearts aud uncommon generos-
ity. refer to John d. Rockefeller
and James J. HILL The first came
forth and offered the banks and finan-
ciat institutions of New York his vast
financial resources as loans at six
per cent. when every man on every
hand demanded sixty and seventy per
cent. And Rockefeller told the bank
ers they could have his money as long
as they pleased, which was even more
generous than the six per cent stipula-
Etion. James j. Hill put his influence
and his fortune IN negotiations with
the eastern financial institutions for
Supplying funds enough so that the
farm products of the West could be
moved in the proper tfIne, thereby con-
ferfng q great blessing not only on the
farmers Of our western states, but on
the whole containing population
of the world. 81 ,e.. s..
Now, l am not defending those men
for what evil they may have done thru
their different fields Of specuIstions
and explorations. but am willing to
fgive to svsryons his honest due. And
fthe wrong done II these cases may in
tits final snsiyaisd be thnwif 10 have it's
cause. not in the man. but an the con-
ditions surrounding them and in the
existing system of laws aud politics.
! Finally + lay strSss upon my FORMER
I statements itbdts The 1hystsrics and co.
flamitg showldfs No !. eFeafsr danger to
aonr o69ciaI life asd onr hesltby flsan-
ciai. social and pdlticai deveippnent