The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1907-11-26

have come every nftren or twenty
years. and NJ one has been wise
enough 70 tell whence they came nor
how they were met and finally RENE
died The conditions IN this country
have been ending towards financial
disturbances for some time a year
and a half since that astute Wall
Street banke-. Clews, SAID ne then
foresaw coming financial trouble. II
viii be remembered by those ~ho read
and retain. that senator Depew, Of
New York. in A speech in 1895 IN
that city said that there Mere twelve
men living in that great city or ia a
circuit OF twenty miles from il. who
could p~reCipitate in one hour upon
this country such a panic. OF such vast
magnitude and consequences. az Was
never before heard OF in all the his
tory OF panics in all the world | Was
editing a newspaper at the TIM and
said he was extremely foolish 10 make
the statement under the circum-
stances, and yet it was probably Well
based on truth. If true then how
much truer now II IS almost certain
that there are now five or six grabbers
and grinders and opressors who can
bring such a calamity upon the Uni
ted States in any day they may choose.
Depew said that there were twelve COR
was il tenD men who could IN one
hour stop entirely the wheels of indus
stationary every railroad,
and stop the whirring OF every fac
tory wheel in al the laud Blu ui~e
men have foreseen the dangers lurking
and threatening in the prevailing and
widening system in our land OF selfish
ness, favoritsm. peculatlon and legal
lied scOundrelism
Most well read men are familiar
with the name Of William L II. Lecky,
the very able and eminent author OF
o M.
eenth Century" in eight octave vol
umes. The first volume appeared in
1871. 1t is a great work and richly
deserves to be studied for it gives
widely extended information, ana even
Americans can learn something of the
Colonial War with England of which
they are not informed by a study Of
thors. Mr.. Lecky was of thorough
education and training He has writ
ten other works Of importance and IN
terest. His last production before he
died a few years ago greatly regretted.
was entitled Democracy and Liberty"
and like all he produced it is pro-
found, thoughtful and stimulating,
Writing of America he shows the fore
cast. the acute discomment of a phil
osophic F.s~torian, and is specially in
teresting in these dangerous times
when the very liberties of the people
dlii liz safety Vi CONSTITUTIONAL Id W
are threatened with defeat if not final
destruction. l reproduce a long para
graph that Will be read with profound
interest by Southern people or inteii-
gence and genuine patriotism. He
writes:
1T is, however. impossible to deny
that there are signs Of grave labor
troubles in America, and elements out
of which very dangerous opinions
might easily grow. IN America. no
doubt. as in all other civilized
tries, most wealth is made by honest
industry. and, more than in most
countries. it has been expended for
public uses. At the ga ne time, there
is no COUNTRY where the struggle for
it is fercer or more INSCRIPTIONS. or
where vast sums have been more fire.
quently or more rapidly accumulated
by evil means. The colossal fortunes
built up by the railroad-wrecker, by
the railway-monopolizer. by the
fraudulent manipulation of municipal
taxation, by unjust favor extOrted
from bribed legislators. by great COM
mercial frauds and commercial mo-
nOpolieS under the names OF trusts ana
~syndicates, must one day bring a terri
BILE Nemesis. These are the things
that do most to sap the respect for
property in a nation, and they are es-
pecially dangerous where no aristo-
cratic or established territorial influ-
ence exists to restrict the empire and
oVerShadow the oStentatiOn of ill-gOt
wealth. The vast development of the
protective system. and Of the system
of substituting great :tultitudeS from
the pension list. can scarcely fail to
weaken the spirit Of s.lf-reliance. and
to teach the American people to look
more and more to government to Gre
ate for them artificial conditions of
W~ell-being.'
l read a few DAYS g a statement
in a newspaper giving the per capita
circulation of money through several
years back. l regret / did not pre-
serve the article. Some fifteen years
ago there were not twc-thirds as much
circulation of currency for each man,
woman AND child in the United States
as there is today. And yet. tell it not
among civilized people. there was but
a few days ago a threatened serious
panic caused By a scarce supply Of
money Did you ever hear OF such
conditions and .such a disturbance?
Napoleon was beyond a fair question
he very greatest genius in war Who
mas lived since Julius Caesar. More
han eighteen hundred years separated
hese two supreme masters in the at
If war. Napoleon made great mis-
-akes and took sometimes the most
- - - ~ II
TO careful historical inquirers. A re-
view Of his many campaigns would re-
veal his vast military and
marvellous risks and successes. No
soldier ever took such risks lur
achieved greater successes. But he
made mistakes all tn, same The
w~ondrous campaign ending with the
terrific battle If Wagram was full Of
adventure and hazard II the greatest
kind. 1t is as easy to oriticize failures
as Il is to applaud great merit and
surprising successes secured BY Aast
enterprise and s~tupendous risks. Our
great General Robert Z. Lee is now
presented a sclfirr IF great io7is-
erection and as having probably lost
u liberties in the gigantic war with
the North. But no one can read his
campaigns and not see the constant
evidence of high generalship as well as
splendid daring He defeated all the
Yankee Generals save Grant He
Grant with 4 COMPARATIVELY
small army. That is to sax, Grant had
always a much larger force and with