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Newspaper Page Text
THE MONEY-LENDERS ARE ABOUT READY FOR
THE CHRISTIANS TO PRAY HARD FOR PEACE
BY N. D. COCHRAN
There are indications that the international money-lenders, a craft
without nationality or patriotism, are growing tired of the war. Once they
decide to put on the screws their Influence will be more potent than all the
prayers of a Christian world for peace.
Governments may fight without religion, but not without money.
If the war goes on too long at a minimum cost of $50,000,000 a day,
the debt might become too great to make bonds issued for war loans de
sirable for investment. You can't tax a people beyond their physical ability
If the war debt becomes too big it may be followed by agitation in
favor of repudiation of war debts and bonds Issued to pay them.
Money-lenders always see the profit side of war. The founder of the
enormously rich Rothschild family got his start by getting the news of the
result of the battle of Waterloo ahead of the other money-lenders and
making shrewd use of his information.
When this war is over the countries involved will issue millions upon
millions of bonds. And bonds are really government promises to pay in a
given time. But the people who issue the bonds and sell them don't do the
paying. The producers qf wealth pay it all the farmers and workers
The profits of the money-lenders comes quick. They underwrite the
bonds and float them among the people. They take down their profit on
the spot, by way of a commission for handling the bonds and getting the
money together for their purchase.
They float the bonds on the people through banks, trust companies,
insurance companies and other investors of other people's money.
Even if the commission were only 2 per cent, the money-lenders of the
world who will float these war loan wisll rake down $2,000,000 for every
$100,000,000 of bonds issued. Besides that they may buy them at one figure
and sell them to the public at another. There must be a profit for all the
middlemen between the governments that issue the bonds and the people
who finally buy them.
For all the battleships, forts, armament, etc., bonds have been Issued,
and millions of this kind of property are being destroyed. But the money
lenders don't lend money on such collateral as battleships, forts and guns.
The bonds are a lien on the entire resources of the countries issuing
them, and that means on' the production of the peoples of those countries.
The farmers, clerks and workingmen who are now fighting will go
back home after the war is over and work their finger-nails off to earn
money to pay the interest on the cost of the war. The money-lenders,
who did none of the fighting and didn't risk the loss of a hair on their heads,
will profit by the sale of the bonds to pay the debt.
Vast profits will be made by the business men who stayed at home
and sold supplies and equipment to the governments just as some of the
great American fortunes were built up during the Civil War by men who
sent substitutes to war and stayed at home themselves to make money.
The International money-lenders might have prevented this war by
putting a financial veto on it before it began. But they smelled profit and
per cent in war. And let the rulers go to it.
But enough is enough. They are business men these money-lenders.