The Gem worker and the Idaho labor herald. (Boise, Idaho) 1914-1917, 1915-11-25
(By Marcus Day.


financially to the. rocks of banruptcy
and despair she will have reached il
by Sept. lst, 1916.
She is now spending $25,000 600.
per day and collecting $5,000,0C
in taxation. And holding up the
credit of others who are mixed UP in
her game of war! When Great
Britain goes bankrupt, as she must,
at the present rate of expenditures,
in what state will the worlds finances
be in during the crisis2 How about
the banks. insurance companies, etc.
that have taken over British and
French bonds?
The "o@t and out pacifist" will
never look so good before in his life
to the depositor who cannot get his
money back, to the taxpayer who
cannot pay and to numerous others
who are now " alarmed at possible
invasion by foreign power"
There has been an invasion all
right-the invasion of the dying Eur
opean dynasties into the pocket
book of the American depositor in
banks in order to float their hopeless
burden of war, without the deposit
tors consent but with no financial
loss to the manipuIators and direc-
tors. who will have silently and Sc
cretly put himself on easy street in
the mean time by cutting the cords
that have bound him with any re-
sponsibility in these institutions thru
technical legal bubbles.
The people who are lending Eur
ope money are not lending their own
coin in credit-they are just directing
the investment OF people who are
in their power thru the proxy route.
When the banks go down--it won't
touch the directors of them-not un-
less there is a different front shown
in the punishment of respectable"
rascality.
There are reports now being cir
culated about restricting the credit of
the allies in this country and refusing
them any further credit after this
money has been spent-but do not
believe it reader. The owners of the
war munitions plants are also owners
of many of the great banks-and the
directors of them-and they will con-
tinue to be reckless with the peoples
money because they get it going and
coming Pretty soon you will hear
the whine of the banks that they
were so far in the European credit
promoting muddle that they cannot
draw out in time to prevent loss-that
further credit will have to be extend
ed in order to take a chance on get
ting back what was already advanced.
In other words, the people will be
told that becanuse they have lost
billion it will be necessary for them
to risk another billion, and with the
foresight of the monkey who pulled
the chestnut out of the FIRE with the
cats paw the directors of our mon
ey lending and underwriting institu-
tions will proceed TO take a chance
with still more of the peoples mon
ey. 1t will be deplorable, they will
say, but it can't be helped-that is,
deplorable for the depositor and in
vestor who had this brainy piece OF
financial wisdom pulled off for him
self and family-without giving his
financial trustees any instructions.
When Henry Ford warned the
people against letting their banks
loan money to foreign investors and
warning governments and emphasized
this warning by pulling out his own
individual deposits from banks that
made this hazordous policy of their
institutions. he offered the wise in
vestor and depositor splendid object
lesson that should have been fol-
lowed
But that is the reason Ford is what
he is and they are just the opposite.
While he is alert and questioning
they are in the most instances conf
dent and credulous. While Ford
smiles at the vague and deceitful
promises of fnanciers-they follow
the lead Of the exploiters like herd
OF sheep after the bell-weather Hun
dreds of silly investors will lose every
cent they have put into these Euro
pean securities and they richly de-
serve to do so-they cannot be