Bennington semi-weekly banner. (Bennington, Vt.) 1894-1902, 1895-04-19
INFLATED FORTUNES.
JDGE CAYNOR OF BROOKLYN ON
AN ALLEGED DANGER.

Says Capitalization Is sapping the Vital
Energies of the Nation,-A DenunciatiOn
Of Watered Stocks and BOnds-The PO-
liticaI Party Which VIII Prevail.
The one hundred and fifty-sccond ami
s rsary of the birth of Thomas jefferson
rs celebrated in ST. Louis by dinner at
Q Mercantile club, given by the st. Louis
nglo Tax society, in conjunction with
Young Jcffersonians.
Judge Gaynor Of Brooklyn sent this let.
r:
BROOKLYN, April s.
ne Mercantile Club, st. Louis:
regret that official engagements prevent me
pm accepting the invitation of the Mercan-
club to be present at it's dinner to COM
.moratc the one hundred and fifty.second
3-thday of Thomas jefferson.
n the face of tendencies apparently bccom-
dominant in this country, and which, if
t checked, will in the end subordinate the
telligencc, honesty and industry of the many
. the self interest of n few, it is wholesome
pause and rCcur to the fundamental princi-
rs of jefferson, adherence to which will keep
vcrnment and the social order in the con.
a u of the Judgment Of the many, which in
Q last analysis is always disintercsted, safe
d sound.
Thc principles of jefferson do no more than
,ognizo that the center of thought having
ssed from the few to the many, the center
political control should be there also. Those
ornamental principles which existed before
3fferson, but which jefferson voiced, which
arautee individual liberty and have in view
predomnancc Of the many and the proven
their own industry and creation of sub
ncc hut by the appropriation and capital
ton of the industry and integrity of the
nest, working many, never needed to be
nmcd up and applied more than today. II
10 not see this clearly, then | sec nothing.
The untold millions of sham, dishonest and
pressivc paper stock and bonds now exist
in this country, generally upon rights and
InchisCs conferred by law gratuitously, and
pay dividends and interest upon which it
proposed to sap agricultural, mechanical,
InufGcturing, mercantile, professional and
other honest industry, may well be the
bjcct of grave thought by those who meet to
'ur to and keep alive principles which are
holly antagonistic to such condition, and
lich cannot be said to be paramount while
IN II condition exists. There is no jealousy
this country against wealth honestly ac-
sional or other legitimate pursuit, but the
ssing Of vast inflated fortunes according to
OF protected by laws, forsooth, but all the
be by trick and device, by this means and
that, out of the growth, industry, produc-
N and assets of the people. is under the ban
the splendid intelligence and moral sense of
people of this country.
The political party which makes not sham
nd, but real stand, against this rapidly
owing and dangerous order Of things will
rely prevail. If those assuming to be lead
are not equal to the demand of the people
this respect they must stand aside, for the
leral intelligence Of the people of this coun-
:, owing mainly to our common school sys-
b, which it behooves US to jealousy guard
foster, is today, as it always has been, far
advance of that of their so called political
ders. Yours very truly,
WILLIAM J. GAYNoR.