Middletown transcript., 1873-10-11

cotfuPuUfc SoHgTcss uau Notcu W tuc
swindcrs for nothing Cor for few shares
in the swindlc judiciously "plnccd where
they would do the most good") and give
them Eve bushels Of wheat for carrying
one bushel over their road. and thu. pay
the whole cost Of the road out Of the
earnings Of their dupes, ",hc people,
and take their places among the grnndcst
money nnbobs Of earth, own government
and be regarded as public bensfactors :"
To carry out this stupendous confidence
swindle the confidence meu" got char
ter authorizing n capital Of 500, 000..
900. but requiring only $4,000 600 to be
subscribed, and only ten per cent. Of tha,
amount to be actually paid in. making an
actual available capital Of only 5000. 900
not a fif,h part Of the cost Of surveying
the route, Blu, unlimited power to issue
bonds would furnish the money, which
the dupcs who were expected to pay So
an acre for the wilderness and five bushels
of wheat for carrying one bushel to mar
kct would pay. principal aud interest, out
of the products Of their labor So these
pattern Tigg Mou,agues proceeded to
shove their bonds on every money
market 10 Christendom where they
could hope to fnd man with murc money
than nio,her wit. Their course Of pro.
cedurc was characteristic Of the men and
the fraudulent scheme. 1t Was especially
in religious publications that their lying
advertisements we're to be seen. !, was
under the seeming patronage Of Young
Mems Christian Associations that these
sharpers piously recommended Northern
Pacific bonds TO their customers as bet
ter than government securities - Pets OF
the federal Treasury Department, with
branch banking houses in all corners Of
the earth aud ''frcedncns savings banks
wherever there appeared the chance Of
handling some ignorant ucgros small
earnings, with a psalm-sinelng paradise
at Put-iu- Bay aud gorgeous palace at
Chiffon Hills. these nabobs. with their
sanity aud sordid surroundings. sue.
eccdcd By agencies of thorough dishonesty =
in disposIng Of $50, 900 900 of their pa.
per securities, half Of them to pay inter-
est On the other half. What is their Sc.
curity They have built 400 or 500
miles Of railroad altogether they have
bought sone rolling stock. tools. Nc
amounting all told taccordiug 10 i'oor )
Raii,Ddd .Htaaai.l to the cost value Of
SIS. sol. 3I4 - Besides this they hive
earned CHAT Is, aro entitled. under the
terms of their swindIing charter, 10 land
warrants for) iO.0Oo. QUO acres Of their
land subsidy. Reckoning the land at
government price, tlulic as much as could
be got for II under the hammcr) and all
other assets at cost price, and it appears
that the assets Of this confidence concern
amount TO SIS .o5i 37i %. sgains, au
Indebtedness OF sarne $50 ,Oh0 .Uuc , And
of available assets not one dollar.
Such are the utterly rotten character
and worthless foundation OF this Northern
Pacific confidence swindle, who.e timely
explosion has exhibited to the country in
all its lurii ghastlinrss the volcano oi
corruption. fraud aud ehicanery on which
rests that false appearance Of things which
lnonopolisis aud swiudlrrs call 1.-The pros
perity Of tho country hu. which the
men who really make all the prosperity
that any country eau enjoy are discover.
ing Is not prosperity, but robbery ty con
| tiience gaines of which they are the vie.
,ims. III theft indignant uprising again,,
this moustrous mode of plunder; it Their
vigorous and angry protests against ,hy
tsaintly and surdii' confidence rogue,
tina, have 20 long been taking their earn
ing. under false pre,ences and.withou, til,
least return for valuc received il thcii
earnest efforts TO get rid Of the dlshones
elemen, i'll our political aud fiscal systems
| il the .farmrrs movement which Ger
tainly conprehends these meanings. ha,
been Instrumental in precipitatipg the in
cyiiable crash. then let every element o
honesty in the land sing loudes, paaus 0
praise to the farmers movement for til,
good it has already done aud the create
good which it is destined to accomplish i,
pursing the body polite, political, dnan
cial or commercial. of its .'dishonest Gle
mcnts From Me Chicago Times. Sept
%.