Daily Kennebec journal., 1896-10-20

| 10 neip MN IN ms mad work OF de-
| atruction and revolution. they refused
to have anything To do with him Then
| the public learned what power for
good organized labor might be when
| governed by intelligence prudence
| and common sense.
! What IL this money power that Dehs
| and Bryan and Tillman are holding ur
| before their dupes as a Gorgon likely to
| strike them dead2 What is Wall street.
| what is Lombard street. who are the
Rothschilds? What is Capital? omit
| ting some nice distinctions which
! economists make between capital ap-
piled to purposes of reproduction and
| capital in other forms. ii may be said
generally that it is everything of a
| material nature which makes human ex-
| istence fortable-everything which
| makes life worth living. Has labor any
| occasion Of quarrellinS with that? Arc
| Debs and Bryan helping labor if the
practical consequence of their teach
| ing Is to lessen the sum total of the
good things of this world. which MAKE
| up the sum of capital? But they say
they are not against capital. bu,
against the possessors of it. They art
| money power and Wall street anG
Lombard street
Well. what is money power? 1t is
| not any individual in particular, but ar
aggregation of individuals who are sup
posed to be forcing the government tt
issue bonds, to be 'cornerng gold" OPP
pressing debtors and wrecking indus
tries for the mere pleasure of doing so
How much money must any man OF
woman have to be entitled to a place in
The ranks of the money power? Are the
savings banks part of the money
power? They have nearly two thousand
million dollars of deposits. That looks
like a large sum. but they are not gen
orally clasSed with the money power
because the depositors are generally
persons of small means. Yet they are
in the midst of Wall street because
considerable part of their money is de-
posted in the commercial banks. Does
not this transfer of their little driblet.
into a large stream make them pari
of the money power? Here is poini
that has not received the attention il
deserves at the hands of Bryan. Debs
and Sovereign. If a savings bank re-
ceives ten million dollars in deposits
from people who have only one or two
hundred dollars each. and if it puts a
million of this money in 4 Wall streel
bank. does the savings bank become
thereby Il part of the money power ol
does it make the Wall street bank
part Of that power? And in either cast
what about the individual depositors
the real owners of this money? Are
they part of the money power or not :
Where shall we draw the line?
The truth is that Wall street and
Lombard street are places to which
driblets of capital flow from all drec-
tionS for investment or for safety
Some of the owners are persons of large
means. but the greater number are
persons of small means. They have
saved something and they want to
make it earn something. They want to
get an income more or less from it, This
is what the human race without eXcep-
ton has been striving after ever since
it emerged from the cave and the forest
All those who are believing on the |
stump about the money power are try
ing to get an income from capital, il
they have any. and it is a funny cir
cumstance that they generally stipu-
late. like Gov. Altgeld, that this income
shall be paid in gold. They are a part
of the money power in exactly the same
way as the Rothschilds and the Nor
gans. The difference between them is
not in kind but only in degree.
An extraordinary instance of heredi-