The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1892-09-30

ator from Massashusetts well observes
and I thank him for the suggestion
much more many times more thA y L -l-
entire wealth of the country when l5 was
established and founded -Four hundred
persons possess SIO,O0O,0OO each 1000
l possess $35OOO,OO each 1900 possess
{ 100000 eacns 5000 people SlO01OJJ
I each, making total OF BLOOD people who
J possess $36s25OrOOCl000.
/ Mr.. President, it is the most appalling
Z statement that ever fell upon mortal ears
/ It is, so far the results of democracy
/ as g social and political experiment are
J concerned, the most terrible commentary
that was ever recorded IN the books of
I time -a and Nero hddisa while Rome buns.
1 1t ia thrown OF with laugh and a sueerr
So as the froth upon the beer" OF our
/ political and social system, As I said
] the assessed valuation recorded in the great
national ledger, standing to our credit is
about $65,OOO-OO0 600. Cur population is
g, 500, OGOi and by some means by some
/ device, by some machinatiOns by some
| incarnation, honest or otherwise, by some
process that cannot be defined less than
a two thou5sndth part Of our popula-
ton have obtained possession land have
kept out of the peHitsntiary in spite of
the means they adopted 20 acquire IL of
more than Ous-half OF the entire acCumu-
lated wealth OF the country.
NOT EHz worst.
That is not the worst, Mr.. President.
1t has been largely acq uiEed by men who
have contributed little TO the material
welfare of the country and by processes
that / do not care in appropriate terms
to describe ~ by the WreckIng of the for
tunes of innocent men, women and chill
dreni by iuggleryr by bookkeeping, by
huaucieriugs by what the Senator from
Ohio calls 50 speculation and this process
is going on with frightful and constantly
aCCelerating rapidity. The entire indus
try of this country lie passing under the
control Of organized and confsderGtad
capital. More than -ffty Of the HecssSuTiss
r5F rrrHr .1F'
the farmer and The miner cannot be lighted
or his children fed or clothed, huUe passed
absolutely under The control Of syHdicutes
and trusts and corporations composed OF
sPecuiatOrs1 and by means OF these com
binatiOns and considerations com petition
is destroyed, small dealings are rendered
impossible, competence can no longer be
acq uiredi for it is superfiuOus and unuec-
essary to say that if under a system where
the accommodations distributed per capita
would be less than $1,000, $1,000 persons /
obtained possession of more than half OF
the accumulated wealth OF the country, &c I
is impossible that others should have a
competence or an independence. So it
happens MI President, that our society is /
becoming rapidly stEatihed, almost hope
lessly stEatihed, into a condition of super
fuOusly rich and hslplsssly poor. We are
accustomed to speak OF this as the land
Of the free and the home of the brave.
It tUiH soon be the home Of the rich and the
land Of the slHUe.
labOrings industrial and agricultural classes
of this country. who have been made in
tslligent under the impulse of universal
education, have at last awakened to this
tremendous condition and are inquiring
whether or not this experiment has been
succsssfuli and, sir the speculatOrs must
beware. They have forgotten that the
conditions political and social, here are
not reproduction of the conditions un-
der which these circumstances exist in /
other lands. Here is no dyna5tyj here is
no privilege, or caste, or prerogativs; .
here are no standing armies5 here are no
hereditary bondsmens but every atom in
our political system is quick, instinct, and
endowed with life and power. His ballot
at the box is the equivalent Of the ballot
of the richest Spectator. Thomas Jshsr- ]
son. the great apostle of modern demOc- /
racy, taught the lesson to his followers, /
and they have prOhted we'll by his instruc-
tious that under a popular democratic
representative government wealth, cul-
ture, intelligence were ultimately no
match for numbers.
JUST BUT JEALOUS.
The numbers In this country, Mr.. PEssi- /
dent, have learned at last the power of
combination and the speCulators should
not forget that while the people of this
country are generous and just they are
Jealous also and that when discomfort
. changes to resentment, and rsssn tmsnt
passes into eEaspsratiOns one volume OF
/ a nations history is closed and another
viii be opened
Mr.. President, the cotton product of
this country, / believe, is 5000, 900 bales
MI BUTLER Seven million bales.
Mr.. INGALLS,. Seven million bales,
am told. The transactions OF the New
York Cotton Exchange are 100000
bales, representing tEansaCtionE spegula-
tive, profitable and remunerative, by which
some of these great communications have
been piled up an uncomfortable burden
upon the energies and industries Of the
country. The production Of coal oil,
I "a E-H
something like 100000 barrels IN a
year. The transactions OF the New York
Petroleum Exchange year by year, avsE-
age 1900, 100000 barrels, Fictitious, simu-
Ia ted the instruments OF the gambler and
the apeoulstors by means OF which, through
an impOst upon the toll and labor and In
dustry OF every iaborsE Engaged in the
production OF petroleum, additional dim
entities are imposed 1t is reported that
the coal alone that is mined in peunsyf-
vanis, indiap ensabls TO the comforts OF
millions OF men, amounts in les annual
/ product 70 about e4OsOOO.OOO, OF which
oue-third is proht over and above the cost
Z Of production and G faiE return for the
capital invested. That is speculation"
/ Mt President, and every dollar over and
/ above the cost OF production with fair
return upon the capital invested every
/ hlched, robbed violently pLundsred out OF
/ the earning of the lHborsrs and operatives
and farmers who are com PEELED to buy it;
and yet i goes by the suphsmistio name
I of "speculatiOn," and Be- declared to be
: legitimatsi &c IS eulogizsd and defended
I as one OF those practices that ls entitled
I TO respect and appreciation.