The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-05-27
By H. E. Branch

In the light of past and passing
events, a paraphrase from old Tom
Carlyle. the British cynic. is very apt:
We are nation Of l00000.000-
mostly foolsl''
From the Literary Digest. 4-29-22,
] quote the following:
Keenest competition between Brit
ish and American trade interests is on
the way in China. according to Japan
ese newspapers, which warn their read
ers that Japan must look sharp safe
guard her own markets there. Whether
British or American trade is to come
out on top, they do not venture to pre-
dict, but they do urge the necessity
for approaching what the outcome Of
the rivalry may mean to Japan, not
only in China, but everywhere, says
the Tokyo Nichi Nichi; Britain and
America are displaying remarkable ac-
tivity in restoring trade. In England
it tells us, a floating exhibition com
pany has been organized which will
send steamer round the world next
year. The passengers on this steamer
will be delegates Of about 300 lead
ing commercial and industrial compan-
les in England, who will make inves-
LEGATIONS Of market conditions and 9TH
er matters in every port they touch,
Moreover. this Japanese daily informs
us that in England there is in process
of organization a financial enterprise
of G20,00O,000,000 for investments in
France. Germany, Italy, Belgium, and
other countries. with the view to re-
vive European trade"
Legislation for the past half CEN
fury, the prostitution of the press, pre-
sent damnable conditions and the above
excerpt from The Literary Digest of
April %, 1922, are proof positive that
the handspring of governing powers is
greed, hypocrisy and cant. The pur-
pose of the European war was solely
for the requirement of trade and trade
territory and the establishment of a
military despotism by a few great pow
ers to be gradually reduced to one rul-
ing power over all the world. The
ruling powers are now fighting in diff
ferent way among themselves for trade
and trade territory and the final SUI
premacy Of one power. Is industry
idiotic enough to remain quiescent
while its labor and natural resources
are being confiscated? Why not en-
pIoy its labor and resources for its own
benefit and tell those pirates to chase
themselves?
Gold is the only REAL money recog-
nized by the governments of civiIiza-
ito in actual payment of debt, hence
very few debts relatively are ever paid.
To-day for each dollar in gold the
world owes at least four-hundred dol
lars in debt, and that is the reason for
the initiation and deflation of our cur
rency and its instability. Our notes,
stocks, bonds and currency promulgate
Haunting lies. Our currency. mis-
called money, says on its fact that
1.-THE UNITED STATES OF AMER
1CA WILL PAY THE BEARER ON
DEMAND --..-.-..... DOLLARS" A
greater lie was never published. We
owe $346,00O,OO0 of debt contracted
in 1868. France says we have the
gold of the world in our Golfers, less
than $3,000,O0O,O00, and our debts Of
all kinds. like our currency, promises
to pay dollars, gold. will exceed $780,
O0O,O00,000. Debts, interest, profits,
and dividends are the sole causes of the
high cost of living. social unrest and
financial chaos everywhere existing.
What is debt? Debt is a social night
mare to which healthy civic body is
immune. What has debt done2 Dug
pauper graves, built aims houses, lock-
ed millions up in penal institutions, be-
gat Enforced Idleness and made 300
of our people residents of rented and
mortgaged homes.
For forty years prior to the Europe
an war, our press told US all Europe
was an armed camp waiting for pre-
text to saturate the Earth with the
blood of choicest and most virile man
hood, while reserving the flat-footed,
bow-legged. epileptic, consumptive,
criminal. idiotic. crippled, cancerous,
and insane to propagate degenerate
race. The assassination at Saraieyo
supplied the pretext. By emphatic inn
pIication the press told us Germany
was malignant world enemy who
alone had been preparing for the big
slaughter for forty years, while, as a
matter of fact. occording to the Off
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