, 1876-11-04
The Hard Money Shrickor of Wall
Street a Rag.Dnby Maker
In tho West.
How His Mining Companies Issued
Thousands of Dollars in
ShinpIasters,
And Forced Ills Hard Working
Labofcrs to Accept the Same
Mt Par, Whcn Mt Dis
count.
:. N --l-, 49,. i !
sAhIMY'S RAG-BABY.
Who tnanhiactdrcH At his mills,
Millions Of spurious pnper hills.
With which, Tho Marquette 1Afa he fllts?
Fills with tllo Ellis Of Tlllcn.

aoH MADE THEIR
y. svt:ia, ca,r<,1ona:as. nMa ~ ~. a.r;san.
:. SAnauzrrr, 'Mcl'., .'July. M. .:Tiidcn's
connection with enterprises IN tho iron region
of the Upber Pcu,nsula Of Michigan. 20 far al
mnin knnwn. i1oca not rn1ourd n ,hot pros.
i,1t.,to1 ,snt,ort,. .root T.,. $1,000. , -.
published some ACCOUNTS Of the Issue OF what
was known as tho "fson Currency md the
atatcrntnts made In TINT regard arc generally
stta,' 4 t..,e. A,s" tA 4l".' ~ ,, isnps,a'Aa'
stlch., @ Is corporation ol Two stoekAoltlefs.
| AIr. Itltlcn owns, however, more thnn two
thirds Of that valuable property. From tic
mn',rronc,, ,,aI e, ,,eo ,a .e0 o"' ~. ~ "
l 4'.7, oeut4 'so"o'' ~ ~ H1st WV
urafts-for such the CURRENCY really amounted
tS1ush angFaSea sa In tho ss, snltaa' 81
w. Smith, .Mr., Tdcn'a private secretary,
further issue was made; but insitnd of "sight,'
a 1s ssv Ss G T. %s 5as Mr. bs1 9sp
manage, ,-the Iron Cliffs Company, ut Negaunec.
A!lel.,- .,-lssued still more. "ctirrc1cy" tfnn tic
drnwu "at sight," but in the "pusli " Of 1873,
tl,cy Ind i -" : - . -
| - hroun MONTHS AFTER DATE"
atcd company, Of Witch Mr Ttlien IS @ 1ncinGer,
tho sIichlenii Iron Conlpa1ly,-hail becj, issu..
tic lruits III. tiio sniit,iis Il money. ncforc
tllo crash OF 1878, tlrsc dr,fts lad bcvn mid at
tl,ut memorable wear q largo d1nnr,nt OF, four
montlis' ,,arcr wss ect afioaf. anti coSsIdetabio
| or It Is still unrcdcctt,cd; Let nc soy narcn-
thctit;lly Tint llonc of thescissucs ot 'e~"
| -tnpAsTAnb CtjiiREycY u
bore interest," So Anal over md ,nlovn thu iarrc
amounts atinuaily Lust, worn out, and burnt Il,
accidental fires, these Companies mude d largo
forced loan Of the people for which they, paid
were comnclletl, BECAUSE tho better currencv
was Displaced by thu p0orer, to do bustnees al
MI additional expense on acconnt Of to ttis-
beyond liz losses austans,t ~ failures. H D1''''''
f., lint it nav III sa1 thnt Mr: Ni,1r,, alou1d not
be held Responsible fdr tho issue ofe the iron
Clifis and Michigan Cotnpanies' Iron ,no,ioy.
supporter Of tic Dcinocratic ootni11ee. md
anGother Iard-,nonev Domocrat manarcs lin IRON
Clilfs Company, and the Michigan is Il bank.
t ,rc ~ naacp 10 ~ ta NnM 9at Tnr, . teh fn
nof can il b cotrnyrrtcI tlst racn u1n rernv"
iis ahart of tic profits nccruiug ur tho lss,,e
niadc by tho :dtlcr companies. ''' '.S '''''' '
| Int fct tfjs rn. tri,n smhi"ci han hco, ,cr.,.
1atud. A9 e30'0s' .A' o's" '.o'''
Mr' r.. aftar lila cf,,coc,ova b,-,, han ,1..o1
him ii nomnatol,, was screnaIcd t1y VII tIcr rJaes,-
a ton oscnsnn m m sose W. 20 orn e III ahnrin,
ccton aorvcs me- MI eacata tn ~ S, y ref1 fhs
| 11cdfta az hid cnlafbrrra IN fLe n,inna f,irnnrns
worst,nns ctc.' tower.'a - tbs a"c chsaf sn.d,iiar
III liz ron rurroncy, ur1 ta am,scrn W IN ra.IFon1
man nn In, har ,a x hp', ha.s slo ~ .e.Is
oihrr i,nyn cnn1nvment IN tic fen,trn ~
iro,, ar thn ncc,irr,,jation ~ cnmtn h hv thn W.
p''nSss .aia @fianagosSSSs t4gsg ,o. ..o,,o,ao
tha NStr"a,i 1rnn rn,,r,nt m' nd tSst tat m
nnttnn p Iaa ~ aHE tnat 1a1 1as c9r @
Eonnant nd Icn nefur}n1 ,1'v,Ioi,o. ao.o tp
.mae, tao ,No infnaees ~ Cthrksoprg M aud Gteoh-
a,m'c5 ~ 10, ~ ySIH ploat, ano currency
cjIonners 1ntnrcrs' frnnre.,nn c"1ysos ~ Mvpn
crs, etc.
IT didn't prove Il boon to the laborcrs; for It
was not generally aeeeptablG except ut thu Com
ssoes ,,os ftahpaay, .h noweser tno
sctti" lab6r "siIns RIA W.Rimxr Ts,u nn E" H. 10
which III. Ti!en. IN tnc hn,,I;r,,nt rc,.nr,is' IL ia