Courier Democrat. (Langdon, N.D.) 1891-1920, 1896-10-08

ness.
We were told when we sold bonds at
home we had to furnish the gold to buy
the bonds with. So they tried to buy
the gold abroad, and thus they did
not need to furnish the gold which
they were buying. 1t made little
larger circle. 1t took a little longer to
get around. The one provision i'll that
contract which struck me rs an exceed.
ingly sagacious Que was the one provid-
ing that this gold should be paid in in
stallments, extending over some months.
The beauty of that was that the gold
could not be gotten out until it got in,
and the longer it took getting in the
longer it took to get out. They sold
bonds and sent them across the ocean,
and before six months were up the same
bonds that Went across the ocean at
! 1O4115 came back to this country and
/ took gold away from this country at the
rate Of 1870,
That is fnanciering. That is wisdom
in financial circles. And if there is any
one here that does not see that it is wise
do not SLY SO. because they will say you
are an ignoramus down in Wall street.
That contract contained a stipulation
by which the Rolhschild aud Morgan
syndicate agreed fer certain length of
time to do their best to protect the treas
ury OF the Unitcl States. think that
the worst clause il the contract. 1t was
the worst clause because it recognized
in the contract ,ias the services ct those
men were worth Luying and paving
large Price for. 1t was a recognition
that but for tho purchase the services
scould Tot have been rendered. They
hired two men TO back The treasury. If
this government il going to @daiit that
it depcics fer its financial es-;srcnce
npon he banking firms. one foreign and
one domestic. then it puts itself where
those people eau Charge this government
whatever they please. an not much
Of a G2a2cier, Es't iay ice, is that III
stead ,i hiring i--asa NTH To let as alone
we ought to try 'E.em as they 60 al,y
other ,:-@a Nto conspire against the
government ard Irish them fer con-
spring against the country.
Yet they issued $10o,000,oCO r,cre.
1t was suggested that they were going
4 to be issued at II.vaie sale, and J. Pier
pont Morgan, q IN had beeu in lie tend
deal, where ticy maze such q l1cl5 On
the bends that . lefusetl 10 tell aEcut
when Brought Lctcre a committee CT in
vestigat!cn, after stating that he did it
largely because CT his interest i'll l.o
country, refused 20 tell Low profitable
IT was 10 be ll.iclested III The country
Just ct that time j. Pierpont Morgan
organized another syndicate, and it was
ADVERTISED that lie Was going to submit
bid fer various parties at about ST. O5,
and thcn q circnn.stance arose which
made IL necessary for the PRESIDENT to
advertise for pnLl;c bids DID tie Nor
gan syndicate pat in "a public bid for
the same amount it would have at pri-
vate sale: No. That syndicate waited
until jass before tho time to cren the
bids, aud then thoir bid was put in
more than $5.000,000 above the bid
that they expected to have put III if they
had scored the bends at private sale.
Now that is business saaacity. Of
course 10 fna2cier woald condemn a
man who tried to rat the bends at l05
and then lad TO Id ITO and fax ton
end get item. If that is business sagac-
lty, tLf il I believe it is the business of
this government 10 protect the people
against s1cn saracious fnanciering in
stead CT turning the finances ever to
them
You nay call it patriotism on their
part if ycu will, bat want that kind
Of patriot to serve some ether country
and not nine. If some petty individual
who did not have a high financial
standing were to t,y to beat the govern
ment out Of 500, they would put him
in the pcnitentiary and make an exam
pie out CT him. But if man tiles to
| sat the government out of $4,000, 600,
lie becomes patriot and deserves to be
the chief guest where treasury officials
are banqueted. LIDO not believe the man
who manages the financing should be
the bosom friend of the conspirators
who never lose an opportunity to bleed
the people.
do not say this to secure the support
ct the Morgan syndicate. know when
a say that put myself in the ranks of
the anarchists. Who is an anarchist,
according to the syndicate idea? The
man who believes III the Declaration Of
Independence, that all men are created
equal and stand alike before the law.
Who is the patriot and statesman, &C.
tording to J. Pierpont Morgan? He who
believes the masses were made with
backs to bear the burdens and the few
were made to ride upon the backs Of
those who toll
The people Of this country desire a
government which is no xespecter of
persons, but will deal as heavily with
the great transgressor as with the petty
criminal and which will not confer
special favors upon few people who
CONTROL legl .'ation for private gain.
II you i"A. in q government in