The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1915-01-20
Why Financiers Tremble
White Throne Judgment
FINANCIAL, ECCLESIASTICAL AND SOCIAL SHAKMCS
Mems Hearts Failing Them For Fear" Apprehending
Troubles Impending. Sefishness Blighting Humanity.
Messiahs Throne of Purity and Justice and Love Earths
Only Hope.

when We learn the immense
amount ~ these American shares
and bonds held IN European
hands. We need not wonder that
American bankers pale 81 the
thought 81 their being dumped upon
ne American market Reliable
financial authorities declare that
Europe has about five thousand
millions - dollars Invested Ia
American securities. n but one
nfth OF these BIO sscrificsd 20 realize
gold, II will mean an avalanche
financial dslugs. American banks.
already overloaded with these "se-
curities," cannot purchase all; hence
prioes viii tumble and wrecks fol-
low.
In view OF these matters. is IL
any wonder that American bankers
Tear 20 ae. the stock Exchanges
open for businesa7 Had the Ex-
they did. we would have had the
most terrible panic ever known. by
tho closing Of tho Exchanges that
awful panic was temporarily avert
cd. by their closing. tho owners OF
the stocks and bonds have been
numbered from realizing upon them.
mus the face value OF these stocks
ana bonds has been preserved. and
thereby the banks and bankers have
been permitted 10 continue TO count
these shares and bonds at fictitious
prices which nobody would pay for
them today.
Effect of silver Decentralization.
Had silver not been demoneiized.
bankers would not hay. had as
easy a time as they have enjoyed In
corneriDR tho financial market and
getting large rates Of interest and
premiums. but neither would they
De In tho same distress At the pres
cnt time. for the world would have
had twice as much money with
which 10 do It's business. when we
consider that the gold coin Of the
world IL not sufficient for even the
paying OF the isteress OF the debts
No perceive how the banking lnsti-
tutions hay. had the people. figura-
lively. by tho throat. and now are
being choked themselves BY their
own device.
The interest upon the debts can
not DO paid in gold because there IL
not enough OF IL 90 pay the interest
Hence the only thing remaining TO
be done IN 90 issue more bonds. pay
able In gold nso. and the Interest
payable In gold. Now that nobody
viii buy the bonds. what is 10 he
donsr Interest on foreign holdings
Of American securities" estimated
at only four per cent per annum
means a drainage of two hundred
millions Of dollars every year In
gold. needed 20 pay that interest
Now we seem 10 be coming 10 a
dead stop through this war; and
tho wheels OF finance which worked
80 fasorabiy for the bankers in the
past. are turning In the opposite
direction and decorating them flnan-
ciaily.
Apparently our financial house
% cards" In trembling. and about TO
fall Various expediencics are being
tried by the governments and the
nbiest flnanciers OF tho world. We
might hope that their skiii would
accomplish the end they desire. and
save the present inrtitutions-
financiai--from being shaken" TO
pieces. But II We are right I'm our
understanding OF tho Scriptures
" the Great Day OF settlement has
come. In which all tho shakable
things are 90 be shaken and nothing
remain except that which cannot be
shaken. then we may be sure that
all human effort will faii. and that
tho greatest OF all crashes of a
psned viii take place.
IL viii bs NOTICED that I am say
ing nothing new--that what I have
Just said has been said In part at
least. by many. and published in the
newspapers. ! am merely bringing
tNkFtfFF AfkF'~ NIAhkrs anu HNHANk
their relationship TO the testimony
OF the Bible. that we are now In
the great day Of shaking" To
some this viii be considered a
fanaticai pessifnism. because the
vast majority OF people have abso-
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 q recognition OF the fact that
the shaking" upon the nations
gious---ls of the Lord. and not acci-
dental
Under normal conditions American
business should be prospecting as
never before. because her CONNER
cial competitors are at war. and I'M
able TO properly attend TO their com
interests. Likewise. Ameri-
can securities should be In demand.
because all securities OF foreign
have deprecated by the
war. But with the gold standard
and an insufficiency of gold. the
business OF the entire world Is stag
mated. The worlds needs and wants
arc as great as ever. but IL has not
tho gold wherewith to purchase. The
OF silver seems to be
referred to by the Prophet Ezekiel
tT:ial saying, They shall cast their
silver into the street"--trcat IT as a
and not as money. The
come scarce and eventually be COM
pletely withdrawn by the people
hiding IL as though IL were an un-
clean thing. as the Hebrew text Inn
gold shall be removed"
Thus neither silver nor gold win be
Railroad magnates. and the bank
ers who hold their securities. per-
ceive that II II In difficult to raise
money for the meeting OF the inter-
est on the bonds. IL win be more diff
fioult TO issue new bonds TO replace
ones. no matter how sound
and well managed the railway may
he. IL IL any wonder that the trep-
idation Of the financial and political
princes OF the earth Is great as they
look into the futurei Their WELL
grounded fears were prophesied by
t 9Ss s presen % Dne OF aes f bssr'
failing them for fear and for looking
after those things coming upon the
earth"-thc social order-end be-
cause OF tho shaking OF tho heavens.
tho ecclesiastical systems. - Luke
2t:2s.
Fear Uumnnity's Bane.
Tho speaker then passed 20 his
text outlined its meaning. and
sin made moral towards of our
race. From early Infancy fear and
especially In respect
to things future. have been Inn
pressed upon us. We realize that we
are imperfect. that our God Is per-
feet. that perfection IN the only
standard which lie could approve.
and that some kind of punishment
for sin must be expected. The Adver-
sary, taking advantage OF our fore
fathers, misre presented tho Almighty
and has used our fears 10 ALLEVIATE
us from Him and 20 wrest and dis.
tort His Message 20 us In the Bible.
st. Paul assures us that this is
Satan's general procedure: that he
puts light for darkness and dark
ness for light. Thus it comes that
our text, which Is really one OF tho
most beautiful and comforting in the
whole Bible when understood, has 70
many become lash In the hands OF
their fears Corinthians "a
Our text Is one OF the symholisms