People's Pilot, Volume 6, Number 8, Rensselaer, Jasper County, 13 August 1896 — Logan's Startling Prophecy. [ARTICLE]

Logan's Startling Prophecy.

A few days since I came'across some lines written by tnyself some time since, relating to Gen-. John A. Logan’s prophecy and its fulfilment, in which I had occasiou to observe that I had recently read some striking predictions made by the late Sena tor John A. Logan when the discussion of the withdrawal of the treasury notes was in progress. At that time Gen. Logan came in for a large share of the lofty scorn, the abusive epithet and contemptuous sneers showered upon Senator Oliver P. Morton, Hon. Thomas A. Hendricks, and other leading statesmen of the people by the

modern American Tories—the usurer class and their sycophants —who thronged the halls of legislation and shaped public thought through the press of the East.

The position of Wall Street (and by Wall Street I mean the stock gamblers aud professional usures of America) in this battle for justice, human rights, and human happmess was essentially that of the Tories in America during the Revolution, who, in hope of wealth through confiscation, used every means in their power to defeat the emancipation of the colonies. This usurer class joined forces with England, And it was at the time when these incarnations of the serpent and the tiger advanced upon the nation with the common object of acquiring the wealth earned by the toiling millions, that Glen. Logan said: I, for one, can see benefit only to the money-holder and those who receive interests aud nave fixed incomes. I can see, as a result of his legislation, our business operations crippled aud wages for labor reduced to u mere pittance. I can see the beautiful prairies of my own State and of the great West, which are blooming as gardens, with cheerful homes rising like white towets along the pathway of improvement, again sinking back to idleness. I can see mortgage fiends at their hellish work. I can see the hopes of the industrious farmers blasted as they burn corn for fuel because its price will not pay the cost of transportation and dividends on millions of dollars of fictitious railway stocks and bonds. I can see our people of the West groaning and bur dened under taxation to pay debts of States, counties and cities incurred when money was more abundant and bright hopes of the future were held out tolead them on. I can see the people of our Western States who are producers, reduced to the condition of serfs to pay interest on public aud private d€t>ts to the money sharks of Wall Street. New York, aud of Threadneedle Street in London, England. Now at this time, when the people are making a last gallant stand against complete serfdo a to the usurers of England and America, let us see how this terrible prophecy of Geu. L - gan, which when uttered was sneered at by the American Tories as a calamity wail, has been verified. ‘•lean see." said the statesman from Illinois, ‘-benefit only to the money-holder aud those who receive interest.” On this point we need merely call tis*-* attention of thoughtful people to the wealth acquired and influence exerted by the great monetary oligarchy which has of late so largely shaped legislation for its profit and which now assumes to dictate the finan cial policy of the nation. For the last twenty five years

the defenders of an independent and sound American financial policy have been pointing out as did Gen. Logan the terrible results which were bound to follow the retirement of greenbacks aud the demonetization of silver, but so subtle and powerful were the gold interests of England and the American Torie that they denied the existence of facts which have been time and again verified, and denounced all patriots who stood for the prosperity and happiness of the wealth creators of America as alarmists, and in various ways have sought.to discredit, those who sought to avert the impending, exactly as Wendell Phillips, John G. Whitter, Charles Sumner, and Abraham Lincoln were assailed bv the selfish conservatism of their day before the cause they stood for proved triumphant. But the constant verification of prophecies mfide by such men as Oliver P. Morton, Thomas E. Hendricks, John A. Logan, and numbers of others has had its effect. Moreover the last cen sus report was a revelation to hundreds of thousands of thoughtful people, while it emphasized in a most signal manner the truth which the betrayers of our national prosperity had denied or sought to explain away for several decades.—Edtior The Arena.