The midland journal. (Rising Sun, Md.) 1885-1947, 1893-09-01
Wrecking Millionaires.

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1t is difficult to surmise to what
extent the millionaire wreckers desire
this present panic to continue. 1t is
we'll known fact, and vas commented
upon for menths before the panic began,
that five men in this country could
bring about panic at any date they
chose. The names of these men will
be found in the directory of nearly
every powerful corporation and trust,
not only in this country, but frequently
abroad. In collision with, if not in
actual partnership with the European
money power, they have concluded to
bring about panic, and we are now
enjoying the height of its run.
The same power can stop it whenever
their interests are served.
1t is interesting to take the names OF
the Standard OIL magnates and then
look over the lists of directors in lead
ing corporations, and pote how often
the "Oir' interest is represented, and
to what extent.
An instance, one among dozen, OF
how this combination of capitalists has
fatteued off the disasters which they
deliberately conspire to produce, was
given of Wednesday, the 26;h. A
Wall street firm of brokers was saown
to have some choice lots of dividend
paying stock worth in gold, at present
depressed prices, at Mondays quota
tions 127. These brokers, like all
other Wall street operators, pledged
their stock as security for loan the
money con CALI could &c demanded at
any time. At the proper hour 81
Wednesday the money was "called."
The firm could not secure it, for these
same conspirators had provided that no
surplus money should be found upon
the market, The firm cried "Give us
time !" The bRnks cried, "Give US our
money!' The firm aahesaeed its
inability to pay, it suspended, and
under the rule the securities we're sold
out for their aecoaGt, The market was
in panic. The securities iSotsa but
two days before at 127, and represent
ing property that is paying ten per cent
gold diviaesds, were sacrificed at
seventy three. Who got then? In a
few hours two members OF the STANDARD
Oh! crowd were elected by their own
votes into the directors chairs of the
road-the Evansville 4 Terre Haute.
Standard Oil was half million richer
for the days disaster. 1t had picked
up 300 Biies Of railroad on a bargain
counter. This is tbs process daily
repeated in greater or less degree
| throug bout the country. and when the
maguates see 6t to release the millions
they have locked up Saa bring about a
return of business activity, it will b.
because they have carried their opera
tions SIS fer as they dare, and are
willing 10 let their VICTIMS up for
another "era of prosperity psadiug
aRotbor squeeze out
Now al this sind of operations can
best be managed under gold standard
but once successfully completed a
double standard will do them as well,
for with tie resumption of double
standard it would be foaRd that they
had gained possession of all the beet
paying properties, and whatever the
ensuing prosperity, the dividend and
interest would Rlgays be payable TO
the same crowd. 1t is aGueston if
after this squeeze is over they will not
be satisfied with any kind Of currency
that pays interest and dividends, in as
much as the greater share Ofthe income