The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1900-03-18
Gage Bank Scandal.

OdnK scandal.
say II mas become the very governA
i l OF the United States II owns a
o osu n, III New York City. The president
~ - .lliS Dank asked the government for
t1a,1 d..s amounting to $1,000, 900 per
cbss.' s' M sot them- He asked to pur-
chase lie site Of the New york custor,
house and he got it. And this is how
-ne business was done. Secretary CAGE
Oue-cu the building for s3s5 no0 Tho
~ eSluent OF the bank said all right and
rendered check to Gaze For, ~
aIlOunt' less $4,000, who endorsed if
alLu hdnoed 1t back for deposit in the
Hein-e OF the government (ApplauseC
W money at all had changed hands.
t DuC the Dank had the building. Later
sne assessor came around to assess the
Ptoperty, out he was told that the
, Ds-lIn SeilI owed $4,000 to the govern
~ therefore the government held
the title and the building could not he
taxed (Applause.)
standard Oil company also owns
s.IOtner pank. the Hanover with a. can
tedlI1dlon OF over $45. 900. 600 but. If
u9eS TINS merely as a teaser. H,augh-
~ II owns nearly ali the conner
mines III or the country except those of
w. a. clark; 1t owns the electric light
p iaiLts OF the principal cities and ia
800 out for more worlds to con-
~ 49, ana yet this great combine in
p, [t eiiaii twenty-five years old. The
t4o,Inschlld house lacks fifteen wears Of
pelng d century old, and vet tbe RoclI-
eLJlers nave passed the RothschiIds T
lsA you 10 pause and think what will
lilly .., VI IL IN the course of a few wears
1hfS gigantic trust takes a mans
property at its own figures. In New
ork lately there was a furry 4
IIIenu OF mine was there and had II
eAPiained to him by Mr.. Rogers. vice
gteSloent OF the Standard Oil company
La LAT l. was no furry at all, but some
cNeM tofkers having some fun. He de-
SOIIDeu an operation in stocks Wherein
Boston bank was instructed to ,-1iy, y
concern that had refused to sell stoclr
LOT Sz-zo worth $685.. The men i'm fhis
concern owned lot of Brooklyn RAND
transit stock. This bank refused to
hOio TINS stock as collateral and notified
all us customers to that effect The
STOCK fell off. Its owners had to raise
money and were glad to sell the 81 "a
STOCK at $2.25. The trust had won. Now
/! asked my friend who he told about
~ what dlHerence there was in that
A M Oh ROBBERY and in robbing a man
He said the latter way re0uired SOME
courage and involved some danger
t-AppIause.) tell you operations of
IIdC KIND, call them what you NAV. are
absolutely lawleSS. If it c0ntin-
ueS IawIessness Will run ram
pant through the land. No man
mas right to take properly
at ms own price simply because of his
Vaccinations and combinations.
No Monopoly or Conscience.
There is one thing tbeca oo,.v1o~o
tlohS nave no monopoly on. They have
no great stock Of conscience. They. of
course, individually are often religious
benevolent men, but tn ecorDroatiOnS
are absolutely without conscience. I
nave friend on the Denver bench. He
wanted to borrow some money. The
cashier told him his security was all
right, out he would have to see the
directors. He saw each director and
was by them assured that tn collateral
was .. &, but that they would have
20 pass on 1t at their meeting. At their
meeting they called him in and said
We have decided that we cannot
grant you the loan, and we return your
security
"'All right said the judge. Tndi-
vldually you are as nice a lot of men
as I ever saw. Collectively yea are a.
set Of ID hypocrites.' 81" (Applausa.)
The speaker further attacked the
combinations for the element of gam
bling introduced into business, and for
the degrading influence on manhood
and independence. "Chauncev Depew
says that this year there are no issues
except gold and glory" Governor
Thomas read from some testimony Civ
en- by Depew in 1892, where he in
weighed against trusts and told. how
they were running the small, indepelld-
ent dealer.
81 hope that a party name win not
stand in the way of anyone from work.
ing &c bring about these reforms. DEM
ocrats, Republicans, Populists-they
are all the same in their original mean
ing. This country has produced four
great Democrats, four great Republic
cans and four great Pcpulists The
principles that made this nation great
were promulgated by Thomas Jeffer-
Jackson, consecrated by the immortal
Lincoln and will be carried into tri-
umphant execution by their cOmpeer,
william Jennings Bryan (Cheers.)
Mr.. Thomas touched on the expan-
zion question, saying that this nation
finds itself struggling to acquire terri
tory that never has been and never
can be part of the western hemisphere.
Favors Expansion.
'T am an expanslonist in the true
sense Of the word. This gOvtrnment is
bounded on the north by the constitu-
ton, on the south by the Monroe doc
trire, on the east by the Declaration
Of Independence, and on the west by
the Ten Commandments" (Applause.)
The conclusion of the speakers ad-
dress was I'm eloquent plea for the
sinking of sIl differences and for Wig
orous united action in the coming
election for the influences it's result
will have on the destinies of the ma
ton.
At the close Mr.. Conroy moved a
vote oe thanks. In response to Chair
man Thatcher the chorus Of ayes was
given three times each with increasing
volume. Mr.. Thomas left on the 1920
train for Butte.
The Salt Lake contingent returned
home at IL by special train.
Those up from Salt Lake included:
Mr. and Mrs. J. II. Moyle, Ben Lloyd,
Moses Thatcher, George w. Thatcher,
G.. Z. Blair. G. 3. Blakely. Alex II. Tar
bett. Major w. a. Stanton, Hon. J. T.
Caine. G.. H. Backman, p W. Sloan,
Mrs w. H. King and Mrs. John S. Lea,
Thomas S. Fowler, W. 3. Andrews, Mr..
and Mrs. George ii. Wood, Walter
Sloan. Soren X. Christ ensen, Andy Tar
bett. Charles Smith, Mr.. and Mrs. Van
Sletter. Hon. Farley l.. Williams, VIII
Grifiths, Frank Higginbotham.