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

Money Kings Withdrawing specie
from the country. The Money
Kings brought on the crash of 1873.
But they could not do it by with
drawing specie. They were under
the necessity of resorting to other
means. Before presenting the
means by which the crash of 1873
was brought about it will be better
to bring up the account of their
working in the country to that date,
SO that their operations upon the
currency in 1873 may be better un-
derstood.
The Money Kings are the owners
of our railroads. 1t is known that
the Erie Railroad is owned by the
great house of John Bidall Martin,
in Lombard street, London. A
mortgage was placed upon the Mil
wankee and St Paul, last July, for
s150,OOO, 900, which was taken in
Lombard street, London. John BIZ
dali Martin was the head of q syn
dicate which foreclosed the mort
gage on the Wabash railroad sys-
tenn, two years ago.
An objection may be presented
here, that many American railroads,
and those the most valuable, are no
toriously owned by Americans; that
the Vanderbilts own the New York
Central System; that Jay Gould
owns a large system in his own
right; that Tom Scott owned the
Pennsylvania Central; that Garrett
owns the Baltimore and Ohio, and
that Huntington owns the Chesa-
peake and Ohio and it's connections.
This is matter of such import
ance TO the American people that it
ought to be thoroughly sifted.-
These men h:,ve claimed to be the
owners of these grand railroad sys-
tems-but are they? Or are they
merely the agents of the London
Money Kings, holding the railroads
in trust for them?
Jay Gould's railroads system be-
longs to the Money Kings. In
1873, Jay Gould could hardly have
been worth more than his partner,
Jim Fisk. In the hard times that
followed in 1873, nobody in Ameri-
ca could make much money. Yet,
in 1878, Jay Gould came out West
with Forty Million Dollars. as it
was given out through the newspa-
pers, and bought ten thousand
miles of railroad; and the American
people were made to believezthat II
was his money, and that he himself
owned, in his own right, the rail
roads of the Gould system. His
wealth was regarded as enormous.
He was reputed the richest man in
America. His wealth has been cs-
timated as high as two hundred
million dollars.
But of late years facts have trans
pired which show conclusiveIy that
Jay Gould is only the agent of the
Money Power, to hold and operate
their railroads.
A fact that occurred in 1880 was,
to my mind, conclusive evidence
that VIM. II. Vanderbilt was only
an agent. He then transferred a
controlling interest in the New
York Central Sytem to a Syndicate
of New York capitalists, avowedIy
representing English capitalists, for
$50, 900, 900, which he at once in
vested in four per cent. United
States bonds. Now do not think
that Mr. Vanderbilt would have done
that if the property had been bis.
The transaction is contrary to all
the laws of human motive.
Ten years ago there were in Chi
cago fifty buyers purchasing cattle
for the eastern markets ON their
own account. Two years ago was
informed that four buyers were
doing practically, all the business.
The live stock trade in cattle is in
the hands of the Money Kings. No
individual can compete with them.
They have broke down all the cat
tie buyers engaged in the business,
and have either driven them out of
the business or forced them to be-
come the agents of the Money
Power. In the cattle trade the
Money power reigns supreme, hav-
ing crushed all competition and es-
tablished complete monopoly.
The King of all the pork packers
of America is Armour, of Chicago.
His has been an extraordinary ca
reer. A few years ago he was a
poor butcher, doing an ordinary
business like many other of his fell
lows. But suddenly he became