The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1890-07-09

twenty million dollars so suddenly
embarked in his businessl
Thus the Money Power has adj
vanced step by step in this country,
until it has devoured almost every
branch of our national industries:
l. For years it has kept our cur
rency contracted, and it has devour-
ed thousands of millions of dollars
WORTH of our produce at half price,
by maintaining panic prices through
scarcity of money.
2. 1t has kept us constantly in
debt through an adverse balance OF
trade, and has devoured our gold
aud silver as fast as produced from
the mines.
3. The Money Power has devour-
ed all our mercantile shipping;
4, Our important trade;
). Our railroads.
6. Our oil production and trade;
z. Our New England Mills;
8. Our iron industry;
9. Much property in Chicago and
other cities.
10. Our cotton trade;
IL. Our wheat and grain trade;
IL. Our live stock trade in cattle;
13. Our trade in hogs, pork and
bacon;
IA. Our dressed beef trade;
Is. Our currency;
And it has throughout all its op-
erations, conducted its encroach-
ments with such cunning, craft,
Stealth, and sublety, that it's amaz-
ing course of ravage has not been
known or even suspected by the
outside public.
The House of A. T. Stewart broke
down one thousand retail mer-
chants in New York City, many of
whom became his clerks. In all
our cities these grand agency retail
stores are monopolizing the retail
trade. l found such stores in many
of our country towns. They al
ways keep an immense stock of
goods of all kinds in their various
departments, which they sell at re-
tail at wholesale prices-and their
counters are swarming with GUS
toners. The old merchants are
being driven from business.
In any of the large cities, if you
go into the Office of the Farm Loan
Agencies which has agents all over
the State, ask for loan on your
farm, the agent will ask where II
lies; tell him the county, and he
will ask the township; and as soon
as you toll him, he will step to the
wall and, after a moment, will
draw down the map of your town
ship and will show you your farm.
They are preparing to mortgage
and buy every farm in the whole
country.
A banker said to me "The mon
ey line of these Land Loan Com
panies always has the thrce points;
the agent in the west who loans the
money; the intermediary in the
East, from whom he gets it-but
the third point in the line is al
ways London. There is where the
money comes from.
We believe that Commodore Van
derbilt made s1OO,0 900 in twelve
years. That Jay Gould made $780,
000, 900 in ten yearsl That Rocka-
feller has made 10000, 900 in fif-
teen yearsl And that Armor made
s12O,00O,000 in three years! Is
there anything the American peo-
pie will not believe, if the newspa-
pcrs tell them it is so2 Had those
men possessed Alladdin's lamp, and
diligently rubbed it all the while
from Monday to Saturday night
they could not have made SO much
money in the timel
Our people must stand together.
Our greatest misfortune has been
the divisions among our people,
Every class of industry has, unfor-
tunately been forming class organi-
cations, and the different classes are
full of the spirit of rivalry. The
farmers have a separate organiza-
ton, and seek their own interest,
without any thought of the inter
ests of the other Industrial classes.
And often in the pursuits of their
own interests, they work an injury
to the mercantils class. The Labor
of the country organizes separately,
and consults its separate interests,
without consideration for the other
classes of industry.
This is the first great evil that
needs to be remedied. Until this is
effected nothing can be done; all