OCR Text |
Show THE CITIZEN the process that took place when the spree and money was being prodigiously and purposes. To stop that ed for speculative In other words the cost of discount rate was advanced. was arbitrarily raised by the banks having the capital Tica pital At that time it was good business, good banking, good . simply reversing s on a spending non-producti- ve Banks have capital piled up and ld supply is in this country, ?orty ie wors per cent to a cheap money basis and lowering the rest of the world 4 the situation is andards of so far rate in reversed. value. met this new dislending their capital. Evidently they figure that the as is apparent the banks have not still in full swing. banks has been choking American high wages charged by The lower-flh- e Tpfise an(j retarding a return to normal conditions. rates to borrowers would induce borrowing and- start anew bt filing over of capital. It would bring into circulation, if the up. lower their charges, not the aristocratic dollar that moves V nrould but the poor mans nimble dollar i tleisurely, at high wages, earn its moderate wages. e: t las to hustle around to banks would be mitigated ei rge vast control of business by the k borrowers rate was forced down. There appears nothing to this consummation now that the Federal Reserve banks, of k r major reserve districts, have lowered their discount rates, ft: ould be immediately reflected in lower rates for money over jounters of the banking institutions, if the greatest measure of is to be derived by industrial and agricultural interests, tociething must be done to eat away the wide margin that now r es the bankers dollars from the avenues of legitimate industry. be substituted for work and no law designed to divide up the wealth of a nation can survive the down-fa- ll exemplified in Russia. Beware of the reformer who would make a law to regulate everything from just to satiate his desire to control. His method is madness and his system will lead eventually to the same form of terrible debacle and retribution now being witnessed in Soviet Russia. A plethora of little, sneaking laws to regulate the lives of the people leads to dictatorship; dictatorship tends ultimately to communism or to feudalism, which might be worse. The economic laws of nature are bound to assert themselves in the end, and woe to the nation, that has tried to subvert them or to replace them with the visionary edicts of the raving prophets of reform. hell-to-breakf- i t Pi a a: an: eh peak of radicalism has passed in this country, yet ill such an excess of rantings of d theorists, visionaries mercenaries, who are bent upon accomplishing all things by hon, that it would appear that nothing is to be left to the laws of the universe, not even the length of a womans skirt rClCeWticular shade she may dye her hair. Ik idea that almost everything may be corrected by legislation taien strong hold on many of the people who have been led yy ranting advocates of a code of laws to govern every aspect it daily tramp through life. But there are some laws, for all things beyond any man-mad- e US plre subject to economic laws, which operate regardless of the majorities may express or minorities fail to express in legis-jj- r t form. This craving for law to govern every avenue of mans I ivjr leads straight to communism and we have seen a mild form ,u.Te Results of communism in our taxation and labor systems in nation. But it remained for Russia with her pc starving millions, ve to the world the pitiful picture of the greatest failure, the t d fcas ever witnessed, of this savage craving for man-malaws jj.. everything and everybody. i te Carlyle was right. A lie may be passed from man to man, but a ma' so. pass a lie on to nature. The lie of communism a law be: ything and for everybody has been passed from lip to lip, cunning brain to the brains of the ignorant; but when the tried to pass that lie on to nature, the answer came back, kens come home to I j roost, in millions of starving men, tohaps the half-bake- iA de Rus-pcop- le . and children. rpur people can learn a wonderful lesson from Russia today and jtb its experience as we endeavor to help her starving citizens. 0t 1C esson communism to Russia is appalling, but a Wa :r teachiS 11 lesson that admits of no mistake. e law can make water run up hill; no laws passed .irPj inscribe and define the morals of a people can make them as is tliey would be if left to work out their own problems with c ? of laws may education of the right sort; and on man-mad- e wan-nud- It seems the consensus of opinion of the great minds of the world, and it has been nearly demonstrated by extensive research into physical nature, that we are the outcome and manifestation of an absolute condition, back of our present relative condition, and are going forward to return again to that absolute condition. This being granted the question arises, which is better, the abso- lute or this state? There are not wanting many bright minds who think this manifested state is the highest to which man attains. Thinkers of great calibre are of the opinion that we are manifested specimens of undifferentiated being, and that this differentiated state is higher than that from which we came. Because in the absolute or undifferentiated state there cannot be any quality, they imagine that it must be insensate, dull and lifeless; that only this life can be enjoyed and therefore we must cling to it. First let us enquire into another solution of life. There was an old solution that man after death remained the same and that all his IMMUTABILITY OF ECONOMIC LAWS. ts ast, AT THE END OF THE RAINBOW. Ending spree is - 5 good characteristics, minus his evil characteristics, remained forever with him. Logically stated this solution means that mans good is the world this world, carried a stage higher, with elimination of its evils, which would correspond with the stage called Heaven. On its face this theory is absurd and puerile because untenable. There cannot be good without evil, or evil without good. They are relative conceptions of" this state of life and one cannot exist without the other. Good is good only by comparison with evil. To live in a world of place and form where all is good and no evil exists is manifestly impossible and is what logicians call a dream so-call- ed in : the air. Another theory advanced in modern times is that mans destiny is always improving, always struggling towards, but never reaching the goal. This theory though very soothing to the senses, is also absurd, because there is no such thing as motion in a straight line. Every motion in the Cosmos' is in a circle. If you could take up a stone and project it into space and then live long enough, that same stone would come back exactly to your hand. A straight line, indefinitely extended, must end in a complete circle. There is one outstanding fact patent to all scientists: Nature works on the same plan everywhere. What is being worked out in one sphere is also being worked out in millions of spheres. The huge wave is a mighty compound of small waves. The life of the world is a compound of millions of little lives and the death of the world will be the compound of these millions of lesser entities. Philosophers emphatically declare that man is a degenerate, that he is slowly passing through the various stages of physical and spiritual evolution. No religion on earth says that man in his present state is perfect. The idea is that his being may be perfect and pure but that he degenerates until he cannot degenerate further and that then must come a time when he shoots upward again to complete the eternal circle. Which is the higher state? The eternal circle is there. It mustbe traveled. The glory is at the end of the Rainbow. - |