St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-12-08

want OF confidence of to-day throughout the
country, Original very largely in this very
abuse. Wherein does it differ in principle
and violation of honesty TO the issue and
circulation of spurious stocks, or 10 issue
an6 circulate spurious money! It does
make, however, mighty difference in
practice, as the rogue guilty Of
the latter act becomes a criminal, and goes
TO the penitentary, while the rogue who
commits the former act becomes q million
ARE and goes iuto the presidency of rail-
road company. These stock mutations and
stock swindles are identical in character with
the famous, or rather infamous, Mississippi
scheme aud South sea bubble OF history that
bankrupted France aud England in their day
All this, however, is a long ana serious sub
jeet, aud cannot now be entered into be-
yond this mere passing allusion.
Let US now glance at the Syndicate
Coal company. Its own prospectus
tells us the simple tale of its aim and pur-
poses. This plausible pamphlet was issued
by this company few months ago, and
scattered broadcast throughout the country
with the purpose Of furnishing interesting
reading matter to guileless investors and
widows and orphans seeking employment
for the money left them by legacy for their
support. 1t showed a glowing exhibit of
years of prosperity enjoyed by the various
interests composing this coal organization.
This beautifully written prospectus dwelt
with stress and delight upon its gittering
scheme Of making its stocks and bonds the
choicest and most valuable of property,
BY regulating labor and putting up the price
Of coal it proved, as plain as words could
prove it, that all this thing could easily be
done. 1t must be admitted that the syndi-
cate has tried to keep its promises. If it has
disappointed the hopes and expectations of
those confding in these promises, it is
proper to offer an apology that such failure
is due to causes and circumstances beyond
its control. Last spring it put up the price
of coal in lake and other large
markets and the public re-
fused TO buy ii. What alternative
then was left, except to make its miners,
who had been receiving hardly enough TO
keep them in deceney aud comfort, come
down tweuty-eight per cent. in their wages.
The miners refused, and replied that such
reduction meant to their families and them
selves pauperism and slavery. What, how
ever, do such leading spirits rs those who
organize and manage syudieates and rail-
road mouopolies care for such plaintive
peadings and pitiful responses What does
it concern them whether the wives and
children of the poor workingmen are
clad in rags and forced to live in
restitution and squalori To them the al
mighty dollar is above humanity, above
mercy, above conscience. These nabobs
want, and must receive, the full measure of
their interest even L the attempt, as in this
case, involves strikes, rebellion and blood
shed. This interest must be wrung from the
toll of the poor miner, even as the grinding
taxes Of Egypt are wrung from the helpless
fellah that cul:ivates the soil, or as the rack
rents OF the European landlords are ex-
tOrted from an enslaved and plum
dered peasautry. What a shame it is
for rich men who have enough, and even
superiority Of riches, to pinch and grind their
poor fellow beings, whose lot it is to earn
their daily bread By the severest toll. How
hard to demand not only the pound of flesh
but the very carcass Of their helpless victims
l say again and again, more wicked and
more heartless lockout than the present one
las never disgraced America.