The great West. [volume] (St. Paul, Minn.) 1889-18??, 1890-09-12

sunshine of a summer day. Why, in
the name of the people, why, is the
government under obligations to as
sist horde of soft-handed pirates,
while untold thousands of the horny
handed sons of the soil are grooming
from oppression and are told there
is no helpforit. Why are the brokers
cramped? Too much watered stock
has caused it. Let us explain. For
example we will say Mr.. Gould builds
a railroad which costs him $40, 900
per mile. But this $4,000 is Dor
rowed on mortgage-bonds for the
farmer to pay-no real cash is put
into a road.-ED. GREAT WEST. I
Upon that $4,000 he realizes 5 per
cent, this of course is paid by the pa
irons of the road. Soon Mr.. Gould
says | will capitalize my road, and
sells a bond for $4,000 per mile.
The road is just the same as before,
but now the people must pay 5 per
cent. on $4,000 with the $4,000.
Mr.. Gould builds another road. He
now sells another $4,000 bond, the
road is still the same, nothing in the
way of money has been added to it,
but the people must now pay 5 per
cent. on $4,000 and so added mil
lions until the railroads of the coun-
try which cost to build and equip
3,OOOper mile are watered to $780,
600 per mile. Standard oil stock
has $15O,OOO,00O of watered stock.
The telegraph has $9O,OOO,OOO and
other corporations in like proper
ton. There is another way of water
ing stock and that is to sell to the
share holder additional stock. No
addition of capital however is added
to the business but the per cent. must
be made on the original stock and
also the watered stock. This process
OF watering has continued until
stock has gotten so high brokers
can no longer realize on them, hence
they call on the government for aid.
In rendering aid to foster a business
which has already stolen millions
and driven hundreds to aims houses
the Secretary commits crime black
as the smut pipes OF perdition, for
less than which men have been hung
upon the gallows. By your votes
you will endorse or condemn this
damnable policy of ruin. A vote for
the old parties is an Endorsement.
Will you, can you, in the face of all
these wrongs, with your wives and
children looking to you for support
and sustenance, give your indorse-
ment to such crimes? In the name
OF justice and right arouse and rebuke
the monster Or ruin is your doom.
1.-The roasts that paper gave La
throp. Hall and Olson are positively
sickening, especialyin view OF the fact
that perusing back numbers of the
6. W. discloses the fact that the G.
W. once doled out to these men big
dishes of taffy. What has caused
the change? Hall, Lathrop and o.
son would never have had prominence
in the Alliance work had it not
been for Donnelly and the G.. w. Is
it possible that these men have, dur
ing the past few months. become the
biggest rascals unhung, that the
G. W. would have the pople be-
lieve?"
Yes, it is, also, too true. The La
throp business can all be cast on to
our shoulders. But we little dreamed
that he would SO soon yield to temp
tation. Olson never was a "pet'' of
ours. 1t was earnestly sought to
have us step in and save the Labor
Echo"-but the siren song OF Eric's
$4,000 Doodle had lapsed into a wild
ow wOman's warrant for arrest, and
we couldn't bite the bait. However,
for "peace and harmony" we publish
ed about one-tenth of his rhetoric
sent us.
AS to Hall we did believe in him,
got him to help us organize, etc.,
during which he (HalD wrote those
beautiful and touching epistles telling
how big rascal Sprague was
and related how Indignantly he shat
tered his connection with them-just
one leetle minute before he accepted
the presidency from Sprague's gentle
hand. Yes, pile on the odium-we
did help them when honest-and now
hang our head on the willows and
weep for Jerusalem.
IF John Lathrop, of Lac qui Parle
county came off his form with