Gilpin observer., 1915-09-16
WHEN DOLLAR is KING

Today the financiers of all Europe
except those of Germany, Austria and
Turkey, are in New York ON their
knees as it were begging the Ameri-
can people to make them a lean of
one billion dollars. The American
people individually haven't the slight
est idsa what one billion dollars look
like, but collectively they have many
billion dollars. Whether they care
to loan them for the purpose of aid
ing in the war is a different prop
osition.
The financiers were told that if
the money was raised it would have
to be done thru the sale of the for
eign securities to the individual Am
erican bondbuyers. America buys ap-
proximately two billion dollars worth
of bonds every year. However, in
tie past she has bought railway and
other commercial enterprise bonds
and she has not bought war bonds.
America did not purchase to any con-
siderable degree tie bonds that were
issued to carry on the Boer war.
neither did she buy the bonds that
We're issued by Russia and Japan to
countries, and we doubt very mulch if
she will buy the bonds of the allies
in this war. No doubt tire bonds are
good. No government has as yet
ever been broken thru the cost of
war, but the idea of using the surplus
cash of individual Americans to pur-
chase bonds tie proceeds of the sale
CT which. are goirg to be used to kill
Germans and Austrians when this
country has those citizens as nearly
one-fifth of it's population, is a diff
ferent proposition.
There are hundreds and thousands
of factories in the United States that
could make munitions of war, but the
owners of those factories have de-
clined to profit by the unfortunate
incidents that are occurring across
the sea- Some way the American
people have a decided respect for the
owner of factory who will take
that position. Fe s'ards just a lit
tie above and apart from the rest OF
his co-manufactrrers in the CONNER
cial world. He appears just a lit
tie better in tie eyes of men than
does the other fellow. We suspect
that that same public sentiment will
work to a disadvantage among the
masses CT American people when
they are called upon to finance a
proposition the object OF which Is
the murder of men, the making OF
orphans and widows.
Notwithstanding this there is an
other feature to the situation that
must be looked upon with a great
deal of pride by the American peo-
pie and. that feature is, the world is
at the feet of America for financial
support. For the first time in her
history America is the Wall street
Of this universe. Before she has
been compelled to go across the sea
and sit in an ante-room while some
butler carried Eer card to the second
assistant secretary and while he
sometimes gave some support, she
was never able to deal direct with
the financial centers in London.
Paris and other money market CEN
ters of Europe.
Today the men who were too busy
to see her representatives at any
time il the last fifty years are
awaiting the pleasure of American
capitalists and they are doing it
with all the grace, with all the bow
ing and with all the scraping of feet
that was ever required to secure ad-
mittance into the holy of holes be-
fore a king. They frankly state
that they are broke so far as ready
cash is concerned. They need cash
and are willing to pay for it. They
have come all the way across the
ocean to get it. They are not only
appealing to tie financiers of this
country, but to the Individual Ameri-
can citizen whom they wouldn't have
spit upon one year ago.
At any rate America has something
to be proud of VIXEN the other fellow
is at her feet trying to get that
which will buy the crust Of bread
so much desired.-Pueblo Chieftain.