The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-11-09

one-fifth OF these be sacrificed to realize
gold, It will mean an avalanche
financial deluge. American banks. al
ready overloaded with these "Becurt-
ties" cannot purchase all: hence prices
will tumble and wrecks follow.
In view OF these matters. II II any
wonder that American bankers fear to
see the stock Exchanges open for busi-
ness? Had the Exchanges not closed
promptly when they did. we would have
| had the most terrible panic over known.
| BY the closing OF the Exchanges that
awful panic was temporarily dperted.
| by their closing. the owners OF the
/ stocks and bonds have been hindered
/ from realizing upon them. thus the face
, value of these stocks and bonds has
been preserved and thereby the banks
and bankers have been permitted to
continue to count these shares and
/ bonds at fictitious prices which nobody
would pay for them today.
Eject of silver Demonstration.
( Had silver not been demon etized,
bankers would not have had as easy a
/ time AZ they have enjoyed in cornering
/ the financial market, and getting large
| rates OF interest and premiums: but
neither would they be In the same dis
I tress at the present time. for the world
would have had twice as much money
with which to do its business. When We
consider that the gold coin of the world
is not sufficient for even the paying of
the interest Of the debts. we perceive
| how the banking institutions have had
the people, figuratively, by the throat.
and now are being choked themselves
! by their own device.
The interest upon the debts cannot
be paid In gold because there Is not
enough of II to pay the interest. Hence
the only thing remaining to be done Is
I 10 ~. .-1.l
also. and the interest payable I'm gold
Now that nobody will buy the bonds.
what il to be done? Interest on for
eEn holdings Of American securities /"
estimated at only four per cent. per an
mum, means n drainage OF two hundred
millions OF dollars every year in gold,
needed to pay that interest. Now we
seem to be- coming to dead stop
through this war. and the wheels OF
/ finance which worked so favorably for
/ the bankers in the past, are turning In
the opposite direction and decorating
them financially.
|. Apparently our financial "house OF
| cards" is trembling. and about to fall.
/ Various eNpediencies are being tried by
/ the governments and the ablest finan-
/ Ciers of the world. We might hope that
| their skill would accomplish the end
] they desire, and save the present insti-
! tutions-.financ!al--f being shaken"
/ to pieces. But II we are right in our
understanding Of the Scriptures-if the
great Day OF Settlement has come, in
which all the shakable things are to be
shaken and nothing remain except that
which cannot be shaken. then we may
/ be sure that all human effort will fail,
and that the greatest of all crashes of
"A financial kind that have ever hap
pened will take place
| 1t will be noticed that ] am saving
/ nothing npw-that what / have iust
said has been said in part at least, by
many, and published in the newspapers.
/ ] am merely bringing together these
things. and showing their relationship
to the testimony of the Bible. that we
! are now in the great day of Shaking"
! To some this will be considered a
fanatical pessimism. because the vast
majority OF people have absolutely no
| confidence in the Bible. Nevertheless.
| when these things shall come to pass
| in the very near future. some may be
| helped To an understanding OF the true
situation-to a recognition of the fact
that the shaking" upon the nations
financial. social, political and religious
is OF the Lord. and not accidental.
! Under normal conditions American
business should he prospecting as never
before, because her commercial compe-
titors are at war and unable 10 properly
attend to their commercial inter ests.
Likewise, American securities should be
in demand, because all securities OF
foreign countries have deprecated by the
war. But with the gold standard and
an insufhciency of gold the business Of
the entire world Is stagnated The
worlds needs and wants are as great
as ever. but it has not the gold where
with to purchase The decentralization
OF silver seems TO be referred TO by the
Prophet Ezekiel G:l9) saying: They
shall cast their silver into the street
treat it as commodity and not as
money. The Prophet then tells how
god will become scarce and eventually
be completely withdrawn by the people
hiding II as though Il were an unclean
thing, as the Hebrew text implies
Their gold shall be removed" Thus
neither silver nor gold will be available
Railroad magnates and the bankers
who hold their securities perceive that
II II Is difficult TO raise money for the
| meeting OF the interest on tho bonds
II will be more difficult to issue new
bonds to replace maturing ones, no mat
ter how sound and well managed the
railway may he. Is It any wonder
that the trepldation OF the financial and
political princes OF the earth Is Great
az they look into the future Their
well grounded fears were prophesied
by our Saviour as one of the signs
OF the present time; mems hearts
| falling them for fear and for looking
after these things coming upon the
earth"-the social ordar--and because
OF the shaking OF the heavens. the &C.
lclesiastical systems.-I.uke 2l:26.
Fear HUMANITY Bane.
The speaker THEN passed to his text
outlined It's meaning, and said:
Sin made moral towards of our race
From early infancy fear and apprehen.
sion, especially in respect 10 things
future, have been impressed upon us
We realize that we are imperfect, that
our God Is perfect, that perfection IL tn,
only standard which He could approve
and that some kind of punishment fol
sin must DE expected. The Adversary
taking advantage Of our forefathers
misrepresented the Almighty and has
used our fears to ALLEVIATE us from Hin
and to wrest and distort His Mesa &,
To us In the Bible. st. Paul assures
us that this IL Satan's general proceed
ure; that he puts Hight for darkness.
and darkness for light. Thus II come,
that our text, which Is really one o.
tho most beautiful and comforting II
the whole Bible when understood hai
to many become n lash in the hands o
their fears,--2 Corinthians "A.
our text IL one of the symbolism
: of a Book filed with symbols. God
people guided by His Holy Spirit, In du,
time Will appreciate these symbols. Fo
many OF them that due time IN alread,
: here. The Throne Is Messiah's: II rep
resents His Mediatorial Dominion o
earth for thousand years. Its white