The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1896-03-04
SENATOR TILLMAN'S VIEWS.
His Visit to Wall Street and His
Opinion of Its Power in the
Tbo1a To,,,tr,-
Whole C0,lnfr1

w uOlS SOouG1s.
Wall street is a term in very common use
and most people have an essentially clear
idea US to its meaning. AS understood by
the masses it stands tor what has come to
be known as the money power, the force
exerted by aggregated capital.
There Is ut this time u double interest
to the term Wall street by rea-
son Of the fact that everything OF polltl-
cal nature indicates that the struggle TOR
the mastery of this country->whether the
people shall govern it or whether money
shall govern it's approaching climax.
q The hnaucia! question aud It's settlement
is now the uppermost one IN the mlaos Oh
men. Interested persons may attempt 10
push it aside and bcllttle 1t AID to suost-
tute other ISSUES for it, but III the coming
Presidential election 1t must be the Issue.
Feeling thus, and having had cause re
EQUITY 10 give expression to my 1de'Is auo
oululous III the Senate III no uncertain
terms and no uncertain manner, nave
thought il we'll to ask the use OF the columns
OF Americas greatest newspaper, with
view to presenting certain phases OF the
question with more cltarneSS than was
possible on that occasion.
With that purpose IN mlnd l have de-
voted duriGg the past weeka couple Oh days
to the gathering OF some facts oy per-
sonal visit TO New York and to Wall street.
1t SO happened tia. during my term as
Governor OF south Carolina l mad the op-
portuuity while negotiating tor reiund!ng
our State debt to study the methods EN-
pioyed by those who manipulate ana con-
troll the complex machinery by means OF
which q few men, not exceeding nve hun
dred, have laid the industries, the politics
and, IL fact, the government OF this country
under tribute, and are gathering for them
selves wealth beyond computation IN
period of time so short as to Stagger oeNe!.
For the reader unfamiliar with New Iol
CITY it is We'll 20 give brief description rs
TO What Wall street, taken as district OF
New York City, really is to the eye. When
Nuuhattun Island. on which New York
stands, WAS first settled BY the Dutch, they
chose to locate on its extreme southern
point, where meet the East and Hudson
kivers y town grew up, composed OF a
network Of Irregular, crooked streets, Will
oat seeming order, aud all very narrow.
a few hundred yards up Broadway from
Battery Park, where the historic Castle
Garden, now transformed into public
aquarium. still stands, Is Trinity Church.
In the small graveyard surrounding 1t re-
pose the bones OF Alexander Haml.ton,
CAPTAIN Lawrence, Of Don't give up the
shipw memory, aud other great historic
characters.
When auote is ssruek on TrinityS Chi mes
il is carried into every Office and institution
IN the Wall street district, for that district
IS so small that tfoai Iriuity's splre 1t ap.
pears to lay directly beneath. Ihe Office
of Russell SuSe looks right out over the Old
burylug ground, aad Il dingy Office 1t Is, in
q dIngy building, where this one OF tue
Great money kings OF America sits and cuts
bis coupons and calls his high-rate loans.
Casting their shadows on Trinity When the
morning sun rises IN the east stand the
great Office buildings, running over twenty
stories in height III some cases, IN which
some of the great trust companies ago
banks have invested portions OF their euor'
nous surplus ard 10 which they have theil
homes.
Directly in front OF Trinity's bronze por
,als-tle gift OF an Astor--opens Wall stree
proper, q narrow, asphalted thorousLtare
less than one-third OF u4lle long and
banked on either side with massive stone
structures, some of great height. One OF
these is the Stock Exchange, which also
has entrances on Broad street and New
Street, block or two of which streets may
be included IN the Vail street district, us
can q block or two OF Nassau street where q
large number of the richest banks and
trust companies in the land have their
headquarters.
Just across from the New street entrance
to the Stock Exchange stands the Consoil.
dated Exchange, where stock-Samb bilng
game OF thc same character is carried on,
but on a rather smaller scale. Within easy
yunshot Of both, We're It not for the OBJ
stract,on that the buildings offer, are the
Produce Exchange and the Cotton Ex.
charge, where the products of the coun try,
representing the toll Of millions OF farm
srs and other workers, are tosse! up or
down in pr!ce according to the whlms Or
interests Of the greedy gamblers.
Strange 10 say, the most insignificant OF
al. the structures on Wall street proper-o-
at least the lowest and one which would he
the most insignificant We re It not tor Its
nass.veress-Is the Sub-Treasury OF the
United States, at Wall aud Broad streets.
In front of it stands the bronze figure OF
Washington, ou the very spot where lie
took the oath OF Office when sworn IL us the
first President Of the United States.
Just across tue way is the Office Of Nor
gan l. co. The Office of the Sugar Trust is
down the street few hundred feet, just
beyond the Custom. House In the imm.-
diate vicinity OF the Sub Treasury are to be
found the Offices If. the largest private
blukips houses of the country, the repre-
sen;atives OF the foreign houses aad the
headquarters Of the bullion dealers.
So much By way OF explanation as to To-
callties. I propose now briefly to outline
the methods by which the millions of hon
est tuilers throughout this country are la,d
uudsr tribute, and their earnings absorbed
BY this devi.-ish generally known as Wall
street.
1t has been said that if anything is more
timid than 81, 600, 600 lis S2,UOU,UOO. Sud
experience has shown that il there is any
tLlng more greedy and tyannical, more
insati. t. ard r, morseleSs than S5O, 900, ,O0U
1t Is SlU0, 100 600. Euuush is an unknown
word IN the vocabulary ut those who own
this much capital. Ihcir c-y Is More.
Ever mere.
lne great power AMI indurucc Of Wall
,treet, wh:ch has doubled and qnadrnp!ed
aud become more and more Appalling, WAS
.a:d during the wac, wien by The eStio!isi:-
ment OF the National banks aud the control
Of legislation IN their Interest. together
with the specu!ations in gold and National
securities, few hundred Elen utterly Lack
ing in patriotism and without any regard
lor the pubic welfare, seized the Govern
ment by the throat and threatened Il with
bankruptcy ANA paralysis II their dr:naAds
were not granted
Enormous fortunes multiplied. The
owner OF million So Il founi himself
POSSESSED Of lnauy millions. Money bred
money by reason OF the violent fluctuations
III the National cred!ta the iortane, Of
War changed on the battlefield Of the
South.
rhe greer, backs, winch We're te sa.va-
ton OF the U"lo::, were SpecGttte't III daily.
rne Nn:ionui Il e,sury, uEder sslcs> OF
wal, WAS forced to cxcLangr bonds ior them,