Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1903-10-29
IRONTON, MO. THURSDAY. OCTOBER
Our Washington Correspondence.


made under oath by Leroy Dres-
ser, late President of the Trust
Company of the Republic, relative
to the thimble-rigging in connec-
ton with the sale of the Bethlehem
steel plant to the shipbuilding
Trust. 1t has shocked even Wall
Street, hardened as tits, and ap-
palled the people. According to
Mr.. Dresser, j. Pierpont Morgan,
Charles M. Schwab, and their part
ners in "high finance" in return
for a property worth S7,2OO,O0O, re-
ceived S30,000,000 in the securities
of the trust, together with an agree
ment that none of the stock or
bonds of the trust was to be mar
keted until the holdings of Morgan,
Schwab ct al. had been sold to the
confding public. What was this
but double-intended cheat on a
gigantic scale? A cheat on invest
ors by taking their money for
water, and a cheat on the stock
holders of the trust by depriving
them of a market for their securi-
ties until the holdings of the "cap-
tains" had been transmitted into
money. What is the difference,
in it's moral quality, of the action
of these captains of Industry
these financiers who practice arts
for the pillaging of the community,
from those which land small swind-
ling rogues in jail? Yet these dis
credited men have held, and still
hold, the financial welfare of multi
,tudes throughout the United States
in the hollow of their hands. And
among these are persons, who
posed as Democrats during Mr..
Cleveland's last term, and were
conspicuous among the boilers of
1896 and 1900. They are the same
SNUG hypocrites who have the
brazen effrontery, the ineffable
gall, to attack an American patriot
like William Randolph Hearst.
They are the same bandits who
unctuously talk about protecting
the conservative business interests
of the country, who want to pass
upon the "safety" forsooth, of the
Democratic Presidential cadidate,
and who, under cover of a sancti-
monius demeanor want to put for
ward one of their tools as the
standard bearer of Jefferson's
party. The Shipbuilding Trusts
records shows that "Mr. Morgan
got his first"
| Well, there doesn't seem to be
such a marked difference between
Mr.. Morgan's methods in this in
stance and when President Cleve-
land handed over to Mr.. Morgan
an entire government bond issue
to ''float." Mr.. Morgan took the
bonds at good deal less than the
market price and two days later
peddled them out at a profit of SIS
or S6 a bond. Again, "Mr. Nor
gan got his first" The New York
newspaper headlines explain in
their terse way: "Morgan got
S5,O0O,000 for a nod," in the ship
building swindle. What did he
have to give for the government
bond floatation inquisition?
Remember that the gentlemen
who engineered the shipbuilding
deal, the exposure of which has
startled even the moral pachyderms
of Wall Street, are the same who
tell us that they must name the
Democratic Presidential candidate.
Will, the people stand it? Will
they allow the men who are pillag-
ing the people, and who are being
helped in their game by the Presi-
dent of the United States and the
Secretary of the Treasury, by loan
ing them the money in the United
States Treasury, to name the can
didate of the Democratic party fol
president? If they do they know
what they will get.
The Republicans in Ohio are
getting scared. Hanna has lost
his head and is swearing and
storming at Tom johnson like 8
maniac. He answers logic ano
reason with curses and epithets
Verify, "Whom the gods would
destroy they first make mad
The Republicans are going to i'm.
port about 1900 spellbinders into
the State to demolish Tom John.
son and John H. Clarke. One O.
these spellbinders is Mr.. Roose.
velt's Secretary of the Treasury
Mr.. Leslie M. Shaw. The voters
in Ohio seem to be trying to arrive
at an honest conclusion in thi