Morgan County Democrat. (McConnelsville, Ohio) 1886-1943, 1933-03-16

An open Indictment Of POl1t1c6
The month before the inaugura-
tion Of our new president was
month of intense activity in finan-
cial circles that people of
Noble county and other rural Sec
tions of America could only realize
in very small measure. Our country
was being betrayed into the hands
OF thieves and robbers by the very
politicians who SO loudly extolled
the virtues of certain men in the re-
cent election.
Men who had. in times Of war,
joined forces with their poorer
brethren in outbursts of enthusiasts
tic patriotism, now when more bad
ly needed than ever, have deserted
the ship and sold their country
short. In selfish desire to save
their own funds in the financial
panic they saw coming, they with
drew gold from American banks
and deposited it in the guaranteed
banks of Canada.
In war time such disloyalty
would have been treason, and pun
ishable by Imprisonment Or deporta-
ton. In peace time, Americans, pa
tient and long suffering, just grin
and bear it when their life savings
are "held" by government order in
a determined effort to prevent fur
ther inroads on American gold
, which in few more weeks would
have wrecked the credit of the
United States.
It's just the old case of politics
dominating nation when the truest
patriotism in the country's history
is needed badly.
Who withdrew their :. money?
Were they patriots? Were they men
interested in our country's credit?
Were they statesmen? Were they
men worthy to set before our youth
as an example for future practices?
Only a man with one of three mo-
tives would withdraw his funds
from a bank and take the chance of
running the banks structure of an
entire nation.
He might be designing, selfish
politician who was afraid of the out
come of a change of administration,
and after making his millions in
America at the expense of the rest
of us, he withdraws his funds to
protect them and assure his own
position of wealth and security. He
has no thoughts of the effect on the
country, on the country's banks, or
on the country's credit. He is look
ing out for himself and himself
alone.
Or he might be an outstanding
Republican who had made millions
in speculation on Republican ad-
ministration principles. Democratic
ideas will force him to change his
tactics, SO he proceeds to show the
incoming administration that "he
really wields power" and can cause
plenty of trouble. The withdrawal
of his gold places the bank in posi-
tion where it must seek help from
federal sources, and when this leaks
out other banks in the state, faced
by runs, are compelled to close their
doors. The man has done his deed
well, forcing a new president to do
unusual and extraordinary things in
-4rfs first week in office.
Or he might be an outstanding
Democrat who, fearing that the
crisis might be delayed until the
new president came into office,
withdraws his money, needless Of
consequences, and thus brings the
crisis on in the closing two weeks
of the outgoing administration.
This tends to make the retiring
president the goat" and, if the
new president succeeds in saving the
situation, he becomes a national
hero.
The first is plain selfishness-the
last two are counted by many as
"good politics" All three are
abominable in a country where
Christian principles have been writ
ten into the constitution, and
preached to the people for two CEN
turtles.
Here is an open indictment
against politics, one that the people
of the country can we'll remember in
future elections. Selfish politicians
and financial wizards" have been
slowly sapping the forces of our
great country. For years they have
invested American gold in foreign
countries and involved this country
in many hopeless political muddles
in an effort to protect their inter-
ests. More and more their money
has gone on foreign soil and in for
eign, investments until it has made
noticeable difference in employ
ment and industry here.
These same ones have been
among those to Withdraw" what
funds they had in stricken banks.
In SO doing they have brought about
a national crisis that on Monday of
last week resulted in a complete
closing of every banking institution
in all America. What a way to show |
the government gratitude for what |
~ hoe doro for fhou,g Uyhok a wov