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1917 the Watchower and Herald of Christ's Presence

1917 the Watchower and Herald of Christ's Presence

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Published by Timothy Riches
The Watchower and Herald of Christ's Presence. Edited by Franklin Rutherford, second president of the Watch Tower Society. The magazine is now entitled The Watchtower and published by Jehovah's Witnesses.
The Watchower and Herald of Christ's Presence. Edited by Franklin Rutherford, second president of the Watch Tower Society. The magazine is now entitled The Watchtower and published by Jehovah's Witnesses.

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Published by: Timothy Riches on Jan 20, 2011
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(c) Copyright 2001 Research Applications International. All Rights Reserved.
God’s children appreciate the fazt that his Word is a "lightunto their feet, and a lantern unto their pathway." To thedivine Word and providence they look for guidance, instructioriand corn.fort. They believe the Word of God.and rely upon it,and thus walk by faith. They view current events in thelight of divine prophecy. For several years Bible students havebeen expecting a great international war, followed by revolu-tion and anarohy. (1 Kings 19:11-13) They e~peet the greatecclesiastical systems, conceived in sin, born in iniquity andoperated in fraud and deceit, to be swept away with a greatbesom of destruction. (Revelation 18:5-21) They have lookedfor the governments of earth, built upon false and unrighteousfoundations, to crumble away amidst a great storm of humanpassion. (Psalm 18:7-19; Jeremiah 25:8-38) They have ex-pected a dark night just preceding the ushering in of theglorious kingdom of Messiah. (Isaiah 21:11, 12) They expectthese things because the Bible says so. God’s Word is true.For the encouragement of his followers, the great Mastersaid, "When these things begin to come to pass, then lookup and lift up your heads, for your deliverance draweth nigh."(Luke 21:28)
patient, therefore, brethren"; the kingdomof Messiah is at the door."
Current events confirm our expectations. The new yeardawns amidst great strife, turmoil and bloodshed. For nearlytwo and one-half years a mighty conflict has raged amongstthe European nations, and the storm of destruction continuesunabated. In that time more than a dozen kingdoms and na-tions have been involved; and upwards of thirty millions ofmen, armed with the most deadly weapons known to modernscience, have engaged in wholesale destruction of human lifeand property. Approximately seven millions of men have beenkilled, and many more millions are insane or nervous wrecksby reason of the indescribable experiences through which theyhave passed.J~hovah, through his Prophet, foretold the coming of thisgreat storm, describing it as a "gre~t and strong wind whichrent the mountains and brake in pieces the rocks before theLord." The Bible deals largely in symbols. "Wind" is asymbol of war;
a symbol of kingdoms or gov-ernments, and "rocks" a symbol of the solid or more stableparts of the governments. In this picture, therefore, the rockswould very fitly represent the fl~ancial strongholds of the gov-ernments. When the financial strength of a government isgone, the government itself is practically gone.It is apparent to all observing ones that the warring na-tions are on the verge of bankruptcy. For the purpose of pro-curing money with which to conduct the war, the belligerentshave borrowed fabulous amounts, for which they have issuedbonds, treasury notes and other promises to pay. The amountof bonded indebtedness of the warring nations is now soenormous that there is not enough money in all the earth topay the interest on that indebtedness. How then, will it everbe possible to pay the principal?Great Britain and her Allies have borrowed heavily fromAmericans through the instrumentality of certain Americanfnanciers. These nations are desperately attemphing to nego-tiate other loans through the same channels. As an evidenceof the desperatio~l to which these nations are driven, we citethe recent attempt of Great Britain to borro~v from American[6025]
investors one billion dollars upon unsecured treasury notes,which have no basis for issue and are strictly fiat money. Sometime prior to this ~ttempt, the British government obtainedcredits in the United States to the amount of $I,100,000,000.About one-half of this amount was obtained upon unsecuredpaper, and was taken largely’ by munition manufacturers andother large creditors who expected to make enough profit outof the sale of munitions to cover auy 10ss that might occur.About the first of December last, the President of theUnited States became aware of the attempt of the British gov-ernment, through its American agents, to sell to American in-vestors a billion dollars of flat credits, designated as "shorttime treasury notes." Foreseeing the uncertainty of the pay-ment of such notes, President Wilson and the Federal Reserveboard exposed this dangerous scheme b~ warning American in-vestors against the purchase of these. Discussing this questioneditorially, one of the leading American dailies recently said:"When the British government came back for morecredit and wanted a real loan in V~all Street, then ~VallStreet was not so certain of the value of the ~reasurynotes. It wanted security in the shape of American stocksand bonds, and insisted upon having it.
British government has no American stocks andbonds and not a great deal of gold to spare. After havingtaken care of Wall Street’s preferred loans, still it wantsmore American money on credit. So certain Englishagents among American bankers attempted to persuadeAmerieah investors, through American ba~ks, to buyone billion dollars of unsecured treasury notes, when WallStreet was unwilling to lend half that amount against ayear ago without additional collateral American security.
is probable that these Anglo-American bankers,whose prestige is very great, would have carried this dis-a~trous scheme through without a hitch had not the Presi-dent and the Federal Reserve Board interferred with theirwarning.’~rhe~e notes are unsecured, and are subject to thehazard of defeat in war, of national bankruptcy throughprolongation of war, and of repudiation in case of socialrevolution after war."They have no gold bssis; for the British governmenthas already outstanding more of their promises to pay--more of this fiat money, in fact, than all the gold that hasbeen produced since the Christian era began could redeem."There is not gold enough in all the countries of Europecombined to pay ten cents on the dollar of the paper fiattreasury notes that have already been issued by GreatBritain."Financiers everywhere are trembling, and "men’s heartsfailing them for fear, and for looking after those things whichare coming on the earth." (Lflke 21:26) All these thingsthat we see are but the beginning of greater sorrows. The endshall be "a time of trouble such as was not since the begin-ning of the world."Each warring nation has hoped for victory, but it has notcome. Discouraged and dismayed at the utter failure to deala crushing blow, the rulers of some of the nations have im-,pressed their strongest men, that mightier efforts might be putforth. In desperation, government officials have resigned theirpositions; and others have been asked to take their places.
T~aa British ministry recen(ly fell; and a new ministry, organ-i~ed with David Lloyd George as Premier, is now threatened,by those who favor pe~ee. In November last a new rulerascended the thron~ in Austria; a new cabinet was organized,
and within ne monCh hat abinet as fallen.CRY
r0va.0wGermany desires peace and proposes terms. It is be-lieved hat all the ruling ations esire eace; ut some ofthe~e ations, articularlyhe British, re too proud o make
peace ye~. But may we not expect peace among the nations atan early date! We are not inclined to that opinion. The na-tions must be further weakened. It may be expected, however,that the warring nations will agree upon some sort of peaceterms in the not far dista.r~t future. But such a peace will not
lasting one; it will be merely temporary.belt may be expected that politicians will from henceforthhave much to say about peace; that the ministers of thenominal church systems, who have been advising their respec-tive nations to war against other nations, contrary to theWord of God, will also say "Peace"; that people in general,unaware of God’s purposes, will say "Peace" and will believethat safety has come to them. There will be, doubtless, ashort period of peace; but it will be merely a lull before agreater convulsion. We base our conclusion upon the Scrip-tures. These clearly indicate that there will be a great earth-quake (symbolic of
revolution )--"an
earthquake such as wasnot since men were upon the earth, so mighty an earthquakea~l so great."--Revel~tion 16:18.St. Paul, writing of the "day of the Lord,"whioh he dc-clarod would come upon the e~rth as a thief in the night,said: "For when they shall say, Pes~e and safety, .then sud-den destruotion cometh upon them as travail upon a womanwith child; and they shall not esc~pe."--I Thessalonia~s 5:3.
Corroborative of this, the Lord in 1 Kings 19:11 describesthe second stage of the trouble on the earth in these words:"And etfter the wind an earthquake." This picture is symbolicof revolution. Having faith in God’s Word, let us look aboutu~ and see whether there is any evidence that this mightycarthqtmke is near at hand. The Apostle assured the watchersthat they would not need to be in ignorance xespe0ting thatday, saying: "Ye brethren, are not in darkness, that that dayshould overtake you as a thief."Revoh~tion is the result of discontent on the~rt of thegoverned, and a determination on their l~rt to beno longersubject to the rule of constituted authority. Before the warthe people of Europe were greatly burdened with ~xation. Theinorease of national indebtedness, resulting from the war, isnow so grsa~ that the burden of annual taxation must be in-creased more than 400% in order to raise the interest on thedebt. Seven millions of ]~urope’s able-bodied, wealth.producingmen have perished on the battle-field. The earning ~paeity ofthose surviving ls less than prior to the war, because of theirweakened physical condition, even if alter the war there besutfieient employment tor them to earn money. The war hasso impoverished the nations engaged in the conflict .that theycannot further issue bonds to rebuild the destroyed property.~Ienee the opportunity for earning mondy by dai~y labor isgreatly reduced.In addition .to this~ while the men have been at the front,women have been installed in the positions held by men priorto the war. To put the women out in order to give the menthe positions would be an injustice to the women, and wouldcause trouble from that source. If the women are permittedto .hold the positions and perform the work, there will be alarge army of unemployedmen. These unavoidable condi-tions will produce increased discontent. Add to this thescarcity of food supply, the increased cost of living and thelack of opportunity to procure food in a legitimate way, andthe ultimate result will be a great army of starving men,women and children.Naturally~ such an army of unemployed discontents willask,
do we find ourselves in this miserable condition?Have no% our comrades given up their lives for our country?tIave we not suffered great loss for the same cause, and are wenot now entitled to food and shelter ? If war is responsible ,forthis miserable conditions, why should we have gone to war atall? Who sent us Ca) war?" Of necessity the answer must bethat they went to war at the behest of the kings, and rulers;tl~t the clergy of the various nations have long advised thesekings and rulers that they were ruling by Divine right, andthat therefore they were justified in whatsoever course theymight take; and that the same clergy class have urged the peo-ple to go to war. Hence the political and ecclesiastical ele-ment will be held responsible by the comnmnpeople for theirmiserable condition.Bloodshed becomes commonplace in time. The sheddingof blood upon the battle-field month after month develops
disposition in men to shed more blood under different cir-cumstances. The conditions that led up to the French Revolu-tion exist among many nations today. A small act at thattime stared the "earthquake"; so now but little will be re-quired to provoke a world-wide revolution. Once started, itcannot be stopped until the fire of anarchy, begun by the revo-lution, tins burned itself out.
Statesmen and worldly-wi~ men see ~hat revolution is un-avoidable. 5lax Nordau, one of the greatest of modernscientists, in recent months published an article calling at.tention to the conditions in European countries and statingthat revolution is certain to follow in every country now en-gaged in the war.About September 1, 1916, the
London Times
published anarticle from the pen of Lord Beresford in which he stated thefollowing:"We began the war with two groat assets--~the fleetand our wealth. The second asset is being squandered bymillions without business supervision or adequate return.We shall soon be bankrupt if this goes on."A few weeks after Earl Loreburn, in the House of Lords,warned Parliament and the nation of the tremendous revolu-tion which will ,result if the European conflict is prolonged.He said, "Unless the collective commonsense of mankind pre-vails before the worst comes, Europe wilt be little better thana wilderness peopled by old men, women and children. It isno exaggeration to say that if the war continues indefinitelyrevolution or anarchy may well follow."In the House of Commons Andrew Bonar Law, Secretaryfor the Oolonies, recently said that England had to riskbankruptcy to bring the war to a successful conclusion, andthat the situation was extremely dangerous. He further said,"The moment the country cannot caise indefinite loa,ns---a~dif the war lasts long enough that momer~t will come---4~ecountry will have to find other means for carrying on
Sir George Paish, the ablest financial authority in Eng-land, in a recent public address, said:"Fmgland is carrying the financial burden of the war.The adverse trade balance, if we include what we havedone for our Allies, is already between three billion andthree billion~ five hundred million, to balance which wehave succeeded in borrowing about two hundred and fiftymillion, our moiety of the American loan."If we go on spending money as we are now, we shallsee another break in American exchange, accompanied bya break in Canadian, Argentine, Australian and Indian ex-changes. This probably will mean the suspension of speciepayments, and we shall have ta tell the world that we
unable to pay our debts."
Suspension of specie payment by European governmentswould produce the greatest financial panic ~he world has everknown, and would especially affect the United States, therebyinereasin~ the discontent here.The ]~ord Jesus, deseribing tl~e condition throu~ whichthe world is now passing, s~id that the wars woul]" be fol-lowed by "great earthquakes (revolution) in divers placce,and famines and pestilences." (Luke 21:11.) A glancethe present situation is convincing that the world is rapidlyadvancing toward famine and pestilence.Broken, bleeding, starving Europe is frantically graspingfor food in American markets. Exportation of food stuffs hasbeen so gre~t, and the supply in America reduced to such an~darming degree, that Congress is considering the placing
an embargo upon all food supplies. Congressman Fitzgeraldis quoted as recently saying:"I favor an embargo on food stuffs. The embargushould be imposed for purely domestic reasons: the pricesof food stuffs have reached levels that are bringing wide-sprea~l distress %o the country. Many thousands of ourpeople are sufferin~ from the lack of the necessities of life.Wholesale prices m many commodities arc less abroad~oday than they were a year ago; and here the retail priceshave advanced alarminglj~.
The Los Ar~geles Tribune
editorially says:’~We venture the prediction ttmt unless radical actionis taken to prevent the exportation of food stuffs, nowproceeding at a rate that presently will strip the country[6026]

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