The midland journal. (Rising Sun, Md.) 1885-1947, 1899-03-10

me trust newspapers, -aHQ a vast ma
jority of the morning daily papers are
trnst organs, although they stoutly deny
it. Perish the thought they will say if
charged with it. The trust newspapers
inform us that $3.50, 900, 900 is the capital.
ization of the trusts which were organized
in the United States in the last six months
of 1898 The business of forming trusts
is still going Oh as industriously as i'll 1898.
The most of these trusts are nothing else
than swindles. The inadequate circulat-
ing medium has driven prices down-and
they are still falling if they move at all
so low that consumption is decreasing on
account Of the inability Of the people to
mills and factories than can find markets
for their products, and large numbers are
idle on that account The owners Of these
Improbable plants are going together
pooling their mills as it we're, and forming
what in common parlance is known as
trusts These Improbable properties are
ny thSl O"hNAo at taiS PiiNS
they stand them, and the newly formed
trust issues stock professedly representing
their new organization. This trust stock
is listed as one of the "industrals" and
placed on the market. The stock thus
issued represents three or four times the
true value of the property capitalized, and
tt,a ,>,h1;c .,bic1, &c rnu ~, ono of ifc
crazy stock gambling spells, buys these
new industrials," and the parties who
have pooled their old unproductive plants
are getting rid of unproductive property
at price approaching its original cost.
Or to speak more directly, they are bun
Going confding public who have just
now an epidemic of the speculative trust
fever, which is bound to bankrupt thous-
ands in the near future.
There will be no dividends forthcoming
on these industrial stocks of the modern
brand and the property will go into the
hands of receivers and the agents of the
trust will buy it in at figures "hich will
wipe out the stock, the bonded debt that
is sure to be held by the bunco steerers
will absorb all the property sells for.
Under the reorganization a few of the
factories or mills, located where the
greatest natural advantages exist, will
represent valuable property and others
which are not so favorably located will
rot and rust, monuments of better days
before the brain of man had devised the
trust, and the money Of the people was
not cornered by the shylocks.
A couple of decades or more ago, in the
palmy days of Jay Gould and Jim Fisk.
there was gigantic railroad swindle con-
Quoted something similar to the present
trust bunco business Railroad stocks
and bonds were issued galore, and fever
ish season of railroad speculation was
rife. After this stock speculation had
run its course the railroads were wrecked,
went into the hands of receivers, were
sold out, rebonded and reorganized.
After the public who had invested their
money in the watered stocks had lost
hundreds of millions by the swindlers,
the roads turned up in other hands, who
are largely composed of the shylock gang
of Rothschilds. That gang is credited
with owning a controlling interest in a
number of the principal railroad systems
of this country
The trust period is now entering the
wrecking stage and swindling the con-
fding public with watered stocks. When
this new buddle bursts the bunco men
who have the inside in these "indus-
trials" will open the mills most conven-
iently located for business and allow the
others to fall into decay. The outlook at
the present stage of the game is for the
formation of few great industrial trusts.
The sugar and oil trusts are the only ones
that have reached their full fruition.
Others in various lines of business are
partially formed, and more or less i'll the
nebrlous state. Given time and they will
form giant monopolies, each controlling
its allotted department of business,
An attempt is being made to unite all
the railroad trunk lines of the country
into one trust, compared to which the
trusts yet formed are innocent and insig.
nifcent affairs. This monster transport
tation trust will have entire control of all
products and merchandise of the country
and also of the passenger travel.
Only one other trust can surpass the
railroad trust when completed which is
the banking trust. The bill to advance
this latter trust that has been pushing
towards its completion for the last rs
years, is now before Congress.