Democratic Sentinel, Volume 20, Number 2, Rensselaer, Jasper County, 17 January 1896 — More Ass Than Lion. [ARTICLE]

More Ass Than Lion.

The destructive ability of a bull in a china shop has passed into a proverb. The world has evidence of the asinine folly of John Bull in what is practically a china shop of his own. The United States are a debtor nation. They could not have carried forward the tremendous en , terprises ot all kinds which have marked their progress were 'hey not a borrower. They have borrowed largely from the accumu lated capital of Great Britain, a nation that having beet much wi ser than the United States in the matter of trade relations with the world has become much richer than the United States. John Bull is very much like an Indian upon the plains, who thinks to accomplish a great result by stampeding horses. The Indian, however, is andeavoring to stamSede somebody else’s horses, while ohn Bull is frightening horses of his own.

The raid on the New York Stock Exchange upon all of American secnrities is a raid started in Lombard street. Downing street tipped the wink to Lombard, and Lombard understanding that the old tory wants to stampede Americans and frighten them on the side of the almighty dollar, bears down prices and the loser is—nobody but John Bull himself. The dunderheads of Great Britain seem to have forgotten one impoitant fact, namely, that in recent vears British money has been placed in the United Htates notin its bonds alone nor in its lines of transportation, but also in large lines of industrial properties not heretofc re ventured} upon by such capital. Take Chicago for instance.— Who owns the stock yards in Chicago? British capitalists. Who owns the major number of grain elevators? British capitalists Who have made consolidations of certain local packing interests?— British capitalists. Who own a large number of Chicago brewer„ ies? British capitalists.

It does not seem to have occurred to these gentlemen on the other side of the water who think to play smart wPh America that British property lies right here subject in the event of hostilities to seizure. Appearances indicate that British capital in banking interests in this country contributed to the utmost of its ability to promote John Bull’s panic in Wall street. It is entirely within the power of the United Stages to order branches of foreign banks out of the country. They ought to go themselves if they show such hostili y to the people and the institu ions of the country that has given them profitable support. Juf- t as soon as the congress of the United States puts an end to the means whereby the treasury of th 3 United States can be called upon for gold and the notes used in procuring the gold can be had anew from the treasury for th? same purpose just that soon John Bull will discover that he has been more of an ass than a lion in his dealings with America, and that in any event he has by his attemp: at a panic in Wall street hurt his own pocket morh than the pocke ; of any one else.—Chicago Chronicle.