The Havre herald. [volume] (Havre, Mont.) 1904-1908, 1908-04-29
Cause and Effect.

divisions of the main line of the Great
Northern centering in Havre were laid
off. Manv of these men have since
rambled all over the United States,
and some of them are returning to the
old stamping ground-Northern Mint
ana. The tales they tell are all
alike-nothing doing anywhere. Cen
fidence seems to have fled, progress
falters and prosperity is paralyzed
Distress weeps in palace and hovel
and the wall of Woeful want is n ard
all over the land. At a recent con-
ference Of labor leaders in New York
i was estimated that there are A.
800 900 men cut Of work in the
country at present. The panic from
which the country has stuff red is a
crime, for nature certainly has done
few prosper and the people suffer,
Idle. The fields have produced boun-
tiful crops. There is not single
legitimate treason why prosper ty
should have been interrupted. 1t is
due to gluttonous greed and vicious
villainy of commercial vampires The
prosper and the people suffer While
a few have been enriched, millions
have been impoverished. The people
want to know the cause of all this
and those who read the Havre Herald
shall know the truth as it's editor sees
it.
Great editors, epondrous politicians
and the magi of frenZied finance have
in one grand chorus tried to explain
or account for the predicament the
country has passed through and fail
ed because they are either ignorant
or too cowardly to tell the tru h.
Most of them charge President RooSe-
ve1t with the responsibility. In the
year 1889 the same aggregation of
wiseacres told us the panic was due
to the purchases Of few ouces or
silver They even induced Cleve-
land to call an extra session of cong
ress for the express purpose OF repeal
ing the purchase clause ofthe Sherman
law. it failed to stop the panic but
none of them confessed Their ldlocy
They knew little about the money
question then and they know little
more about it today. They know how
to organize trusts, juggle stocks,
thimblerigf markets, steal franchises,
compute interest and absorb profit,
but the science of money is a prorb-
lem which they cannot unravel
The present condition Of the coun-
us one thing. We know we can have
the gold standard and a panic at the
same time. In 1896 republican ora
tors told us this was Impossible.
They also denied the quantitive theory
Of money which in effect was to af-
firm that the reduction in the vol
nme of money did not increase its pur
chasing power.
Casting aside these theories let ns
consider few granite ribbed, rock
bottomed facts in relation to the sub
iect under discussion. President
Roosevelt by putting into actual prac'
tice to the limit of his ability man!
Of the policies advocated by Mr.. Brya1
the past twelve years, did not eau {
the country's upheaval. He simpl!
discovered that a set of rascals hat
set fire to our house of prospect .
ard turned in a fire alarm. He II el
to punish the criminals who started
the blaze and for this he has beef
Damned throughout the financial cen
tiers OF the world 49,. .-~.
The present codnition Of the coun
ary is the result OF over capitalization
The men who are responsible for tn
dropisical condition of most of tn
trusts and corporations are to blame
Criminal trust magnates have es
changed too much water for real NOR
ey. When $1,000,000 represents III
actual value of plant or mimi
company and it is capitalized fc
S10.000,000, thoe who purchase til
stock are robbed of $4,000 600, Fac
dollar of real value received cost the,
ten dollars. In this manner tru
magnates have absorbed a great sha1
of the money of the country and lie
million of people holding the empi
bag. Many banks and trusts com
anies became involved in the villa !
anys become involved in the vil1air
by using money belonging to their d
pos;tors to float wildcat stocks ia
ing worthless paper as securit
Knowledge of these facts was boul
to destroy confidence and incite
panic.
The man who finds a burglar
his house and becomes excited is nc