Middletown transcript., 1873-10-11
Popular ytlistellanp.
THE CHANGERS AND THE
CRASH.
The Farmers Movement and the Dtshon-
est Ei-ment.

y
Of gamblers. cheats and confidence in
mcn like Jay Cooke & Co, which impcls
certain Eastern organs OF monopoly aud
its handmaid, speculative swindling. to
say that .'thc farmers movement 10 cou.
nec,ion with the establishment of grange.
has had much to do in precipitating this
crash " But what il the allegation be
truo? What il instead Of being merely
one Of the causes which have "precipita.
ted crash" that must, in the inevitable
nature Of things have come sooner or
later. the farmers efforts 10 restrict the
railroads in their cxaeipns" be the sole
and only cause which has precipi,aied the
crash
Let US take this roaring bull by the
horns. and notseek TO dodge it by any
surt Of evasion. What is this crash
and its meaning? The London Tones
told the whole story when j, said Il, is
an effort Of the fiscal system 10 get rid of
its dishonest elements Il is. then. au
honest and earnes, response of the fiscal
system to the farmers movement. which
is an effort of the political system. that in ;.
clndes the fiscal system, to Ct rid of ii.
dishonest element.
The dishonest eleinent in the fiscal sys-
tenn is admirably represented by the jay
Cooke sort of 6uancicrs. though the gen
eris Of the dishonest clemen, is found far
behind all such persons. in that financial
lie Of the federal government which SAYS
that promise to pay dollar is itself a
dollar. Aud who are the Jay Cookies !
k,. .,..
obtaining money under false prctenccs
The Northern Pacific Railroad schemes
was only one in thousand huge "conf
dence games" TO enable swinders TO &c,
something for nothing. The very same
organ Of monopoly and swindling which
asserts that the farmers movement has
done much to preripita,c the bursting ol
the monstrous bubbl. Of fraud aud deecp.
ton. confcsscs the truth in words deprc.
eating the fever Of excessive speculation
which has given rise TO so many vast and
ruinous railway schemcs. professcdly un.
dertaken with the object Of developing the
resources Of the country. but really nf
more than ingenious devices for the aecu
mutation Of enormous fortunes for theil
projectors = such accumulation, it should
be added to complete the truth, being
wholly at the cost of the labor industr,
Of the country. The whole process con
sists in taking something from men wh,
have labored for i, aud giving it to met
who have not earned it. Any person
from the rural districts who. an visit Il
New York or Chicago. has been rclieyet
Of the contents Of his pocketbook by
senteel appearing bu. vulgar. swindl.l
called coincidence man" has had an in
dividual experience Of that mode Of '.ds
veloping the resources of the country
which the Jay Cooke confraternity, aide,
BY the federal government. have bee,
practising upon the whole American peo
pie ever since tho passage Of that msasur,
Of unspeakablc scoundrelism-the social
cd Legal Tender Act"
The Northern Pacific Railroad was pro
jected by ring Of confidence swindlsr
fer the purpose Of swiudling the peopl
out Of nearly 100 .000. 900 acres OF Ian,
By building railroad Ito be also owne,
BY the swindlers) with money To be carne,
and paid BY the people to be thus swini
led. The Union Pacific and Central Pa
ci6c and Kansas Pacific. aud the Lor,
hardly knows how many other so-calle,
'.sasioual Highways" hsd proved success.
ful swindlcs Of the same kind the North
ern Pacific swindl.rs were encouraged b,
the success Of the kindred gangs. The,
would build . railrnsd some 1000 mile
In length. through ..howling wilder
ness where not in halt century coul,
. railroad be made to return q singl,
isrshing on its cost; bu. they would "dc
velop the rcsourccs Of tho country
which means that BY persistent lying snt
Misrepresentation they would induce peo
PIE 70 20 into that wilderness and buy