Okolona messenger. (Okolona, Miss.) 1900-current, 1903-12-23

EN2flS-g measure OF our national success
(2fS49gS says W. r. Hearst in his New
&MSA4 - York American.
StV ssEA-9 Growth mental and material, il
1-wUSnse~ dependent upon comfort, freedom
] from anxiety-in short, upon pros
@>G-NSE perity.
The enemies of the country are those that threat
en- it's prosperity. And it's friends are those Z
whose efforts prosperity is due.
What is prOsperityi f1
Il is, FIRST Production Of Wealth.
Second, and equally important, the Distribution
Of Wealth.
The predatory trusts are the enemies Of the peO
pie because they attack and diminish the PrOduc
tion Of wealth by limiting production through con
spiracies in defiance of law.
The speculative trusts attack and prevent th'
Distribution Of wealth by robbery Of the publi'
through fraudulent stock schemes, through exOrbi
tant charges for necessaries, through attacks OF
wage scaes In order to make up for their shameless
mutations of stocks-in the vain effort to pay divi
dends on unlimited oceans Of water.
The dishonest trusts are the enemies Of all thos
whose combined efforts go to make up the nationl
wealth--the big and little; The Laboring Man.
All Of these the predatory trust attacks and in
iures.
Through stock iObbing schemes that destroy ma
tjHnal confidence and destroy values legitimatel,
earned wealth is injured, intimidated and driver
from circulation.
Through fraudulent sales of stock, fraudulen
valuations typi6ed in the Shipbuilding bubble anC
the Steel Trust swindle, confidence is destroyed
the life savings OF the thrifty man OF mOderat
means are taken from him.
The predatory trust, conceived in defiance of Law
and in spirit OF piracy begins it's career OF Tobber
at the top of the financial tree in Wall Street ant
goes straight through the country, rObbing al
classes on its way, until it reaches the WOrkingma
and endeavOrs, by reduction OF wages, to cOmpe
him to pay the dividends on fraudulent issues Q
stock.
II this country is threatened with decrease O
prosperity in spite OF unlimited wealth, its unlimit
ed abilities and possibilities, it takes no prOfOun
student fpOlitical economy to point out the reaso
for the uncalled for national illness.
The criminal trust c0nspiratOrs, through misTep
resentation through financial lying, backed by sup
pOsedly respectable names first attack the saving
Nbig and little capitalists.
$, Millions, tens Of millions, hundreds Of millions
thousands Of millions Of practically valueless water
ed stock are pamed of upon the public. The Stee
Trust alone succeeded in getting rid of nearly on
thousand millions Of stock that represented nOthin
but trust dishonesty.
The crash comes. One stock alter anothe
Ishrinks The honest stocks are dragged down il
the effort to hang on to worthless paper.
The banks are frightened and limit their loans
The merchants, in turn, are afraid that credit viii
not be extended to them. They limit their opera
tiOns, which means limiting the expenditure Q
money, decreasing the orders tOmanufacturers.
The rich man who has escaped some form Of trus
sWindling is rare. But even he follows the genera
example and cuts down expenditures.
If he intended to put up great building be post
pones the intention fearing lack Of tenants,
II he contemplated some manufacturing enterpris
he gives up the idea-the first signs Of business dc
preston are q sufficient warning to him.
This means that the trust not only checks build
ing operations by it's extOrtOnate prices for material
but stops them entirely By destroying confidence
the immediate future.
The small investor has been robbed, thrOug
some stock sWndle, Of his accumulation Of savings
II he is brave man he sets to work pluckily
make up his loss. But how does be do iti B
greater economy, by increased retrenchments Tn
merchants with whom be deals gets less Of hi
money The theatre does not sell him seats. b
foreQoes his vacation and the little Summer hOtl
suffers His wife and daughters save on thei
clothes, and the little dTessmaker suffers ia be
turn.
The prosperity Of every individual Iegitimatel
engaged in labor in business in the United State
depends upon the even and continuous diAtribudO
Of Wealth.
Every man in the country depends upon the ~
impaired ability Of the other citizens Of the nation
spend money, 70 buy products freely, IN accordanc
with their MEANS
The trust-robbiug ct both ends, sWindling Il
home customers with excessive charges while sellin
chaaplv abroad. choking national development b
criminaI restrictions on production, and finally rot
sing the public Of it's savings big and little, throug
etoek-iobbing schemes-checks the healthful hoo
~ prosperity through the country as ehectually
the life current in Individual IS checked py aea'
" cold. -. -,