River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1914-11-19

treating tOday,S text. AS II Is or pecullaf
interest we give it in full. He had applied
Hebrews 1927 to our day, declaring now
in progress the removing of all things
shakable. that only things harmonious
with Divine standards, which cannot DO
shaken, may remain. He held that tho
shaking heavens represented Churchian-
ity = Ecclesiasticism - and the shaking
earth represented social, financial and po-
titical affairs. His questioner wanted to
know what financial shakings are to be
expected. The response fl lows:-
Stocks and Bonds to Be Shaken.
Everything false, bogus, inequitable.
will be shaken. In financial parlance this
is equivalent to saying that the water"
will be squeezed out of all the stocks and
bonds. By methods once sanctioned, but
now everywhere reprehended, stocks and
bonds have been issued for sums far be-
yond the actual value of the properties.
These stocks and bonds have cost their
present owners varying sums from moth
ing up to par; but their actual value is
what the properties would cost, plus
reasonable percentage of allowance for
right of way and business good will"
In ordinary times these had a market
value built upon hope of their future
prosperity. Now, however, the general
public has become aware of the real stu
alton and is fearful to touch at any price
these shares and bonds Of over-capitalized
companies, and the most sound and sol
vent of them share the public distrust.
Now, in the opening of the New Dispen-
sation, when everything is being "shak-
en- we are to expect that all such stocks
and bonds will be shaken in value until
everything like dishonesty and inequity
shall have been shaken out.
Forty years ago the worlds great bank
ers and f1nanciers concluded that it would
10 fIoni,a into CT 70, 1nfiu CiI "
and have only a gold standard This
finally accomplished what they foresaw
and intended: it curtailed the worlds
monetary supply and enabled the bank
ers the better to control the entire situa-
ton throughout the world. By an elabo-
rate banking system valuable in some
respects), it made each gold dollar chase
itself and do the work Of FIVE dollars or
ten dollars, assisted by bank checks and
drafts. Thus the profits of the larger
banks increased amazingly by reason of
higher discount and interest charges,
making them rich at the public expense
The public of course, acquiesced in the
law demonetiZing silver and making gold
the single standard. But they did it un-
der misapprehension, because they be-
lieved the bankers tale-that this was
really the best thing for the people, and
not merely measure in the interest OF
the banker and at the expense Of the
people. 1t is perhaps but fair to say that
less than one-half of the bankers under
stood the philosophy Of the matter; the
others were guided by the weather. and
more astute who did fully understand.
The result has been great profits to the
bankers, and great power; for without
them, railroad stocks and bonds could
not be handled successfully. The bankers
took over large issues of railroad stocks
and bonds, by what is known as the un-
10
sales agents for the bonds at a good
round percentage of profit, advancing
money on the bonds and holding them for
sale to the public.