The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1915-01-07


piled to our day. that the removing of
all things shakable is now progressing,
that the shaking heavens represent Ec-
clesiasticism, and that the shaking
earth represents social. financial and
political affairs. Everything false. bo-
gus. negotiable. Will be shaken. In
financial parance this is equivalent to
saying that the water Will be squeez-
ed out OF stocks and bonds
The subject Of the decentralization OF
silver was discussed at length Forty
years ago fnanciers concluded that II
would be to their interest 10 have only
gold standard. The public. Of course,
acquiesced believing the bnnkers' tale
that this was really the best thing for
the people. II Is perhaps but fair to
say that less than one-hnlf Of the
bankers understood the philosophy OF
the matter. but were guided by the
more astute. who fully Understood. The
result has been great profits and pow
er to the bankers; for without them
railroad stocks and bonds could not be
handled successfully By what is
known as the underwriting process,
the bankers took over large issues of
railroad stockx and bonds. for which
they were capable agents ut round
profit. advancing money on the bonds
and holding them for sale to the public.
Tho Day of Settlement.
The great banks have their vaults
we'll oiled with these stocks and bonds.
on which they had hoped to make
large profits, but which they are now
unable to sell at any price. Reckoned
In as part of their assets. these stocks
and bonds show the banks TO be
wealthy, with immense SURPRISES; but
now that the water" Is to be taken
out of these stocks and bonds. there
will be an immense shrinkage Ia the
resources of these banks They Will
suddenly become poor without actually
losing a cent By reason Of the falling
market value of their securities.
All banks realize this fact II their
holdings are TO be reckoned at actual
value. some of the richest banks Will
become insolvent and will be called
upon by the Government either to
close their doors or TO make good their
shortage Right there will be their
difficulty: for the rich men of the
world have their capital invested SINH
larly. and the reaction will be bound
to affect unfavorably all great COM
mercial enterprises
As all went amazingly well for the
bankers and the wealthy by reason OF
the demonstration OF silver. so when
the Day OF Reckoning shall have fully
dawned. things will go especially hard
with them. Although the stoppage
and reconstruction will Involve rich
and poor alike. I'm many respects the
rich will feel the pressure more.
Liquidsting Process Begun.
Meantime. the war has brought the
financial world to crisis. The nations
of Europe are being shaken Already
the casualties Of the war amount to
nearly two millions Of human beings
and hundreds Of millions Of dollars;
and it is only begun The thing wanted
Is gold; and as in every war. TINS pre-
cious metal has practically disappeared
in the warning nations. Their home
securities will not be salable for cash:
and general attempt will be made to
sell American stocks and bonds. But
who will buy these? America will be
practically the only market; and Amer
lean bankers are loaded down heavily
Reliable financial authorities declare
that Europe has about FIVE thousand
millions of dollars invested In Ameri
can securities. If but one-fifth of these
be sacrificed to realize gold 1t will
mean financial deluge. American
banks. already overloaded. cannot pur
chase all. hence prices win tumble and
wrecks follow.
Is 1t any wonder that American
bankers fear to see Stock Exchanges
open for business? Had the Exchanges
not closed promptly when they did.
we would have had the most terrible
panic ever known. BY their closing.
the face value Of stocks and bonds
has been preserved. and thereby bank.
ers have been permitted to continue to |
count these at fictitious prices which |
nobody would pay for them today.
The Pastor then demonstrated that
If silver had not been demonetized. |
bankers would not be in the present |
distress; for the world would have had |
twice as much money with which to |
do business. He applied Ezekiel T:19 /
20 present hiding of gold. and To s,l /
vers demonstration. But the vari- |
Gus expediencies being tried by 6nan.
ciers viii be of no avail. II he rightly |
understands Scripture All human eff |
fort viii fail. and the greatest OF all |
financial crashes will take place be- |
cause the hour of Gods Judgment has |
come. Earth's only hope is In the es-
Enlistment of Messiah's Kingdom
near vt hand