^ 'reat Red Dragon OREIGN MONEY POWER IN THE UNITED STATES mmmmmimmmmmmmimmmi'taM' '^^By pcacpful rmncdies—to give a nerj direcfwri io ^^^^ f'^^f^^of social life-—utis is flic task set for the eWKKKm^isdom of the future IVi the ho7 Pn wil its anc con- fro'^ ^ates. I tand the ariji oj inougnv ana events, and to ACT 1VISELY. This Book will be a powerful factor in a mighty movement now steadily gathering force, which will arrest, with quiet but relentless grasp, the Arrogant Domination of Monopolistic Capital. * G pe§^ t V Resl •:• J) mpn, OR LONDON MONEY POWER, BY L- B. woolkolk:. CINCINNATI: GEORGE E. STEVENS, 39 W. Fourth St. 1890. Copyrighted i 1889, ^ By L,. B. WOOLKOLK. ALL RIGHTS RESERVED. ; TD THE MMERICHN PEOPLE Trusting that its publicatian will prnmotE the glnry of Dad and the highEst WBll-bBing of Man ; In Exposing, and lEading to ths ovErthrow of thE mightiEst Evil that has buet risEn on thE Earth; and In TEUEaling JEHDI/MH an thE sidE of humanity now, as of old, Isading our RacE in ths praphEtic PILLRR OF LIGHT nut of ths bandagE of ths prEssnt Era into J thE glorious MillEnnial ) Canaan promisod A to Man, %Us Wiax\ Ms an OffEring on ths /Iltar of ConsEcration—and a TributE of Philanthropy from a hEart yEarning with unspEakablE longing and hopo far thE UlEll-bEing of Man- kind, is TEspEctfuUg inscribed by THE nUTHOR. Oi tsiilS*? — —: PREFACE. This work is divided into three parts: Part I gives a History of the Rise of the London Money Power. Part II proves that this Imperialism of Capital, the London Money Power, —is foretold in prophecy, under the symbol of the Great Red Dragon. Part III gives the Remedy for the industrial evils that afflict our country. There are many persons, perhaps, who will be deeply interested in Part I, and Part III, who will feel but little interest in the prophetic portion of the work. The work is so arranged that all such per- sons can skip Part II, and pass from Part I to Part III, without any break in the connection of thought though they will miss the most striking delineations of the character and the activities of the Money Power. On the other hand, those who are interested in the prophetic aspect of the work, will find its struct- ure in proper logical arrangement as a prophetic exposition ; since it is necessary to present the his- tory of the Money Power, before the symbols of prophecy can be applied to it. This work is the outgrowth of a life of thought, largely directed to the study of Prophecy, History, and Political Economy. Indeed, the work is the product of original thought. Its historical portion (v) VI PREFACE. is the history of an Imperialism whose existence has been hitherto unrecognized. —Its remedy is based upon principles of Political Economy that have never before been presented to the world. —Its Prophetic Exposition is part of a System of Prophetic Inter- pretation that is entirely new. The Author may therefore claim the indulgence due to a pioneer, whose movement is over a pathway unsmoothed by the progress of earlier thought. As no history of the London Money Power has ever been written, the Author has been under the necessity of gathering his facts from newspaper items, and from the statements of individuals whose reli- ability is above question. His store of facts has been constantly increasing down to the present time. Some important facts he has learned since the publication of this work began; other facts he learned too late for them to appear in the present edition. —No doubt, in every community facts are known which illustrate the course of the Money Power in this country. These facts will doubtless soon be published ; and it is hoped that ere long a full and connected history of the Rise of the Money Power may be given to the world. PART I. HISTORY OF THE RISE OF THE LONDON MONEY POWER. Chapter L RISE OF THE MONEY POWER—FIRST ERA. I. INTRODUCTION. An Imperialism of Capital has grown up within the last two centuries from small beginnings, until it is now the mightiest power that has ever existed on the earth. It is an Imperialism mightier than the empire of the Csesars, grander than the empire of Napoleon in the hour of his highest glory. In comparison with it all other empires sink into comparative insignificance. This titanic power is the Imperialism of Capital, which I call, by way of dis- tinction, the Money Power. 1st. The Money Power Defined. I do not mean by the Money Power to include any per- sons possessed of property, who are engaged in independ- ent business Enterprise. I do not mean any American business men, or business Companies engaged in inde- pendent business enterprise, whether they be farmers, mer- chants, manufacturers, bankers, miners, builders, or per- sons engaged in any department of business enterprise. The Imperialism of Capital to which I allude is a knot of —: 8 RISE OF THE MONEY POWER. capitalists—Jews almost to a man—who have their head- quarters in the Money Quarter of London, in Thread- needle street, Lombard, and other streets in that vicinity, where bankers have their habitat. These Jew capitalists have succeeded in centralizing in their own hands the industry and commerce of the earth. —They own almost all the debts of the world, —the debts of nations, states, counties, municipalities, corporations and individuals, amounting in the aggregate, it is estimated, to seventy- five billion dollars, on which they are annually receiving about four billion dollars of interest. —They own the manufactories, the shipping, and the commerce of Great Britain, and most of the manufactures, shipping and com- merce of the whole world.—They have attained control of the industry and trade of the whole earth; and are rapidly centralizing all business in their own hands. They hold possession of all the great lines of trade and business of all kinds, and they regulate all prices by their own arbitrary methods. —These Jew Money Kings have estab- lished a grand Imperialism of industry, commerce and wealth, which is thoroughly organized, and rules in the sphere of industry and trade with autocratic sway. In our age. Capital is King. This Money Power of the Money Quarter of London is the only grand preemi- nent Imperialism existing on the earth. Monarchs sev- erally rule their own dominions, and no one of them has preeminent power. The Imperialism of Capital, in our time, stretches the arms of its power over the whole earth it alone sways the nations with preeminent rule. It buys all the products of the earth : it fixes all prices of all commodities without regard to the law of supply and de- mand, by its own arbitrary will. It is Imperial over in- dustry and trade, and none can resist it. It is rapidly progressing toward its ultimate aim, of possessing itself of all the world's wealth and all the world's property. If DISCOVERY Of ITS EXISTENCE. 9 things remain as they are, these Jew Money Kings will, at no distant day, have achieved their aim, and \v\\\ own the earth in fee simple. 2nd. Discovery of Existence of Money Power. The world will be surprised at the statement that such a grand Imperialism of Capital exists. For it has grown up so silently, and has veiled its operations in such se- crecy, that its very existence is unsuspected. The Author was as ignorant of the Money Power as all the rest of the world outside of the ring, until, when visiting England many years ago, he, through a combination of circum- stances unnecessary to mention here, became acquainted with the existence of this grand centralization of Capital in England, and was given a pamphlet that was intended for private circulation. This pamphlet, and the boastful statements of the Englishman who gave it, imparted to the Author information which is carefully kept from the general public. Quotations will be made from this pam- phlet later on in this work. No confidence is thereby vi- olated, and its statements ought to be known to the world. Thus informed of the existence of the Money Power, the Author has watched its progress for over twenty years. As events occurred, his mind, strongly magnetized, as it were, by this subject, seized upon and gathered to itself all facts bearing upon the question. A newspaper item, meaning- less to others, was to him an important historical fact in the rise and growth of the Money Power. He has thus, point by point, gathered the materials for the sketch which here follows. Before quoting from the pamphlet just mentioned, it will be better, in order to give consecutiveness to the subject, to first trace the rise of the Money Power; and then to make quotations, to show that it was already a grand Im- perialism in the decade extending from i860 to 1870. lO RISE OF THE MONEY POWER. II. FIRST ERA IN THE RISE OF THE MONEY POWER. The Money Power of the World had origin in small be- ginnings, in the i8th century; but it has reached its grand development in our own age. It had its origin in the Brit- ish East India Company, and has grown up so quietly that its grand centralization has not attracted the attention of mankind. Indeed, it has only become powerful enough in our own age, to produce startling effects upon the in- dustry of the world.