The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1903-10-21
OUR WASHINGTON LETTER.
Special Correspondence of Intclligenccr.

Washington, ID. c., Oct. 10, 1903.
Official Washington is amazed and
astounded at the revelations made
under oath by Leroy Dresser, late
President of the Trust Company of
tho Republic, relative to tho thimbie-
rigging iii connection with the sale OF
the Bethlehem steel plant to the Ship
building Trust. 1t has shocked even
Wall Street, hardened as it is, and ap-
pnlled the people. According to Mr..
Dresser, j. Pierpont Morgan, Charles
NJ. Schwab, and their partners in "high
finance III return fora property worth
S',2O0,0O0 received S30,00O 600 in the
securities OF the trust, together with
an agreement that none of the stock or
until the holdings of Morgan, Schwab
ct al: had been sold to the contiding
public. What was this but n double
intended cheat on gigantic scale? A
cheat on investors by taking their
money tor water, and cheat on
the stockholders of tho trust by
depriving them of q market for
their securities until the holdings of
the captains" had been transmitted
u,
in lis moral quality, of the action of
these captains of industryi-these
financiers who practice arts for the
pillaging of the community, from those
which land small swindling rOgues in
jail2 Yet these discrcdited men have
held, and still hold, the financial well
fare of multitudes throughout the
United States in the hollow OF their
hands. And among these are persons,
ypI, II &c Il n
Cleveland's last term. and were con-
spicuous among the boilers Of 1906 and
1900. They are tho same snug hypo-
critics who have the braZen effrontery,
the inetfa ole gall, to attack m Ameri-
can 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" foreooth, of the demo
cratic presidential candidate, and who,
under cover of q sanctimOnius deneanOr
want to put forward one Of their tools
as the standard bearer Of Jefferson's
party. Tho Shipbuilding Trusts re-
cords show that "Mr. Morgan got his
first"
Well, there doesn't seem to be such
marked difference between Mr.. Nor
gan's methods in this instance and
nHcH ItSsiuoAt NAoSoluuu Hhuueu OSeT
bond issue to float" Mr.. Morgan
took the bonds atn good deal less than
the market price and two days later
peddled them out at q profit of So or So
u bond. Again, "Mr. Morgan got his
first" The New York newpaper head
lines explain in their terse way: "Mor-
gan got S5,000,000 for nod" in the
shipbuilding swindle. What did he
t,n1 ~ rpsxy F<,r 81 L. =
tloatation inquisition?
Remember that tho 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 it9
Will they allow the men who are pill
laging the people, and who are being
OF the United States and the Secretary
Of the Treasury, by loaning them the
money in the United States Treasury,
to name the candidate of the demo-
cratic party for 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 John
son like maniac. He answers logic
Verify, "Whom the gods would destroy
they first make mad" The republicans
are going to import about 1,8OO spoil
binders into the State to demolish Tom
Johnson and John ii. Clarke. One of
these spellbinders is Mr.. Roosevelt's
Secretary of the Treasury, Mr.. Leslie
NJ. Shaw. The voters in Ohio seem to
be trying to arrive at an honest con-
clusion in this strenuous campaign
RI fhny rno oil inn
The republicans are trying to make
the campaign on national issues and
endeavoring to dodge State issues.
It is presumed, therefore, that the
honorable Secretary of the Treasury
will contine his speeches to national
issues of finance and taxation. In that
case suppose some good farmer should
invite him to answer these questions:
Is It j1st 0st to TO- continue taxing the ,peo-
needs Of the government
Would 1t not be better as we'll as
more equitable to leave the money not
required f0r the expenses Of the gov
ernment In the pockets of the people
who earn it, rather than to deposit it
in favored banks Without INTEREST,"
Why should ncS Congress at the COM
Ing session repeal or reduce the duties
on steel and other trust-made products
tufSt oEO lu0uuAdStuEcU Cuo6p0E uoI6
than they can be abroad, and are ac-
tually sold In foreign markets atprices
lower than to our own consumeIs9
When will the republicans repeal or
reduce duties that are no longer need
ed for either revenue or protection, but
that, in the language OF the Iowa re-
publicane, "ehelter monopOlyp Does
the Secretary think the "day after
never satisfactory taleq CT is it
his opinion that the time and the char
acter tariff revision should be fixed by
the monopolies that benefit by the du-
tiesf
Candid answers to those questions
open the eyes Of thousands Of voters
in this election. Let us have them.
The question Of how the farmers Of
the western States stand on the tariff
and trust issues has been strongly in
dicated through the enterprise Of the
Farm and Home," published in Chica-
postal cards requesting answers % to
seven questions, amongst which was