The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-04-30
DEMAGOGY OF Mr. nsss !

YIN. uEpE|
one seldom sees stronger ,,,l
= demagosy exposing tse,, 7. '''uslfssl
alanopoiis Sentinel, than -, 'ass shs Il
chauncey Depew in 4. ~ given p
MontaulS club dinner. fIe' .s peel q
'lme 70 make an onslaurA ! = 4
speeches made at recent as. %
ne IT'S, with such sentiment d M W
The general proposItiou. .a'''
crime to make money : .s NY toat
to keep 1t; that We liva :, ssss'sr cs,1
sa s'sss .. uommercialism; that ou, ,' =
mas worse attack than any - oouals N
me worship Of the dollar NJ .'r tl
I pubic spirit. patriotism rslls,e s''''s q
a. aims and high ideals. shade u WI, Z. pael
hese apostles claim to be your Y.
Ihey teach the seventy AZ. uselplal|
Az. ,uan people who revere your n.y."
mat such is the result Of tn III. l'ns'
worked out In practice, in 4. ne'p''
ment which you and your irr,o.. s0'ef's|
SidteS Rounded" tl@H1
What could be more 80.
soslcai than this? Who made &. ,
p la,,i as this' Where can N, X
pew point to any such sta,ama.. - y
any speaker at any democrs.,s aHs y
Nobody said anything Of tn s's
speakers did deplore the con,ro, s w
lation for the purpose Of mav,n. '.l''s'''
and the betrayal of the interest,", wv !, Y
people INTO the hands of the stock man.. |
iators by officials chosen ID $500
them. Does Mr.. Depew deny thss MIMI NJ!
charges are true? No. He saws
another form is that which m,l.. y
vital business OF Legislation suho.s,. "
TO Stock speculation, the auctuatlor !,
Vaiues and the undermining I, ,..,''
With an ingenious stock broker .s sS's
lawyer and skillful press arer, NJ
is complete. The bill & \.
PRODUCED, its advent heralded a. ILL.,
boom and a patriotic effort in ths ,n,,'1''
Oh the people. The COMMITTEES fayo,.,,.
reports. the stock of the company u.
goes down, the investors become Az.
ened and throw their holdings uuon h.
market, the Spectators, who bave Z,
short In anticipation of this effect ~.
their contracts at a large profit. NJ,
'nen pny again at the panic price Il.
measure is quickly killed, the stacks ~
bonds affected resume their norm., II.
tlon' the spectators are again the M.
ners, hundreds, perhaps thousands 81 ~.
pie who could i'll afford it are the Iosers
and legislation and legislators are injured
in that essential of government the eon.
idence of the people"
~
Mr.. Depew knows as well as anybodv |
hat this is only one of the many form,
n which legislation is used for personal
profit and he knows that this sort Il
scheme is usually worked by the men via
control corporations. Will he. or Az
lther man, pretend that sugar trust std
vas ever manipulated thus from the out.
tide? Every intelligent man knows Il d |
lot. The bosses OF these corporations trs
he ones that work such schemes through
heir friends in legislative positions, and
when the time comes to shake the plum
rec" they stand together in the dIstFIhu,
ion of the benefits. 1t is just such things
hat the people complain of and that wers
of in democratic speeches re-
erred to, and all that is complained Of BY
democrats anywhere. 1t is the cheapest
t falsehoods TO pretend that anybody OBJ
ects to people making money, or having
money. But there are many who pf0tas
gainst monopolies that shut out people
rom making money, and who protest
gainst legislation that enables some pea
lie to take money out Of Others peoples
rockets. And it is their protests Ihal
ave at length aroused Mr., Depew =
Omit that there are some wealthy people
Tho are guilty Of such abuses, Mr.. Deper
urther went on to tell what splendid
1ings corporations are, and declared ina
at least seven tenths of the capital ana
ight-tenths of the labor are under M
Orporate flag" Doubtless this Is true
ut in the next breath he admitted tna'
orporate powers are grossly abused 80
aid:
Three per cent interest, after the tska
re taken out, leaves little income Tor tne
lpport of the helpless, which every ply
ent and right minded man desires Y /
rovide. This situation was speeall
rasped by farsighted and speculative NC
ho have organized the present indusHaI
'aze. Come with u.s. they cry, ana W
IN give you per cent upon our bonas
per cent upon our preferred stock ana
4 income upon the common only top'
auged by the growth OF the county
hree thousand millions OF dollars at par
! these securities have been foated slncs
lie list of January. Some of them doupl'
IS are good, some of them bad, ana SOIL;
BOD as to part of their securities alo
orthless as to others. The crying neea
the hour is for some method by wnleD
ght shall be let into every one OF lass
operations or chartered concerns and tM
iblic advised of their condition, theii Y,
atoms, their management and 1nei' 70"
live"
Precisely. That is what deniccfaM
eakers demand-"that light shall % y
to every one OF these corporations -ala
rther that they shall all be required
,ey the laws, that they shall pay 'aAs
their property as individuals co. 'n''
ey shall not be enabled by lesislanoa
i've others out OF business or '0ns
Ibute from the people. That Is wn',
e democratic party STANDS, a.Iar 4
acre Jefferson stood, corpo,as Nv ths
rely an artificial being crease9 h ~ n
ate for beneficial purposes. hscouass
lrk ceases to be beneficial anu go %