Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-04-19
INFLATED FORTUNES
JUDGE oAYNoR or BROOKLYN or
AN ALLEGED DANGER.

Ne Says capitalization IL sspping the vital
Energies Of the National Denuncistion
Of wstercd Stocks aud Bonds-The Po-
liticai Party which wDi Prevail.
The one hundred and fifty second ami
versary OF the birth OF Thomas Jefferson
was celebrated In 81. Louis by dinner at
the Mercantile club, given by the ST. Louis
Single Tax society, in conjunction with
the Young Jeficrsonlnns.
Judge Gaynor Of Brooklyn sent this let
ter:
BROOKLYN. April 8.
The Mercantile Club, st. Louis:
Ireeret that official engagements prevent me
from accepting the invitation OF the Mercan
tile club 10 be- present at its dinner To com
memorato the one hundred and fifty second
birthday Of Thomas jefferson.
In the face Of tendencies apparently bccom.
ing domina Mt in this country, and which, II
not checked. will in the end subordinate the
Anteiiigence. honesty and industry Of the many
- the self interest OF q few, it II wholesome
20 pause and recur TO the fundamental princi.
ples OF Jefferson, adherence 10 which will keep
government and the social order In the con
troll OF the judgment of the many which In
the last analysis IL always disinterested safe
and sound.
The principles OF jefferson do no more than
recognize that, the center Of thought having
passed from the few to the many, the center
OF political control should be- there also. Those
fundamental principles which existed before
jefferson, but which jefferson voiced which
guarantee individual liberty and have in view
the predominance OF the many and the prevcn
tion Of the ACKNOWLEDGEMENT of individuals. not
by their own industry and creation OF sub
stance, but by the appropriation and captali-
zation OF the industry and integrity of the
hon I'M nAfa lad In Ina.
summed up and applied more than today IL
i do not see this clearly, then l see nothing
The untold millions of sham, dishonest and
opprcs i've paper stock and bonds exist
ing In this country, generally upon rights and
franchises conferred by law gratuitously, and
to pay dividends and interest upon which il
Is proposed to sap agricultural. nechsnical,
manufacturing mercantile, professional and
all Other honest industry, may well be the
subject Of grave thought by those who meet to
recur 10 and keep alive principles which are
wholly antagonistic to such condition. and
which cannot be said to be paramount while
such a condition exists There is jealousy
in this country against wealth honestly ac-
quircd in any mercantile, manufacturing, pro-
fessional or other legitimate pursuit, but the
massing of vast inflated fortunes according to
law or protected by laws. forsooth, but all the
time by trick and device. by this means and
by that. out OF the growth. industry, produc-
tion and assets Of the people, is under the ban
of the splendid intelligence and moral sense OF
the people Of this country.
. The political party which makes not a sham
stand, but real stand. against this rapidly
growing and dangerous order, OF things will
surely prevail. II those assuming to be lead
ers are not equal to the demand of the people
I'm this respect, they must stand aside, for the
general intelligence of the people OF this coun-
try, owing mainly to our common school sys-
tenn, which IL behooves US TO jealousy guacd
and foster. Is today, as it always has been, far
in advance Of that of their called political
leaders. Yours very truly,
WILLIAM ]. GAYNoR.