Bisbee daily review., 1903-12-24
HE BIG AND THE LITTLE FiNANClER.

THE LITTLE FiNANclER.
 A man with a clear and honest pur- pose, well posted on his business figures out that if he had little more capital. lis legitimate scheme. or his conMercial or manufacturing enter prise would be able to become still more profitable to him or to himself and his co-partners seeks capital, whereby he may carry out the de signs he is endeayoring to formulate. Financial men around him have faith in his ability, have still more faith in 'his industry, and have still further faith in his integrity. This man has the most difficult task he ever under took to convince people that he will win, or to obtain the financial assist 'ance that will enable him to go through with his enterprise. On the other hand. let some gentleman, down in Wall street, promulgate a scheme. with a dollar mark. and huge array of ciphers, commas and periods. and the first thing the lambs" out around the country do, is to sit quietly down and figure out the proposition for themselves, and like hungry wolves they bite at the tempting meat that is laid down for their mouths to gulp because MT. Morgan's or Mir. Schwabs name was at the bottom of it.
 Some very dirty facts are coming out in reference to MT. Morgan and his company. Not that the publica- -.tion of them will have the slightest VRterring effect on the same thing wiring again in the future, but only
 nv the gullibility and suscepti-
 &the public as rule to grab ' <r for nothing. MT. Nor
 giye away something for
 Fore than can any one
 Jet rich quick" concerns
 A heeo exploited over the o1ntfy.
 MT. Morgan has been held up as a shining example of the new era of high finance" and the main spring to whom went all the Captains of Industry" to have their finances re- paired. Whenever the financial stomach of industrial concerns, rail- way companies and similar institu- tions were little squeamish, the pa tient rushed to the office of Doctor Morgan who carried on a special prac- uce of caring for the financially sick. He did this with great success both to the patient and to the bank ac- ,<ount of Doctor J. Pierpont Morgan
 One of the sickest things that fell "a ;fo1 aP Doctor Morgan was the shipbuilding trust. Investigation reveals the fact that the brokerage firm of liar ris, Gates & Co. were to sell the hold ings of Charles NJ. Schwab and J. Pierpont Morgan & Co. on the open market, before the stockholders were to take their turn at feecing the poor lambs. Wall street professionals just went about with one eye partial ly closed as they met each other, when they heard of the deal. This was just an ordinary thing down there for the suckers" on the out side, and they snickered. After a little. MT. Morgan's name became pretty frequently used with this deal, and the people who are always slow in catching on, raised their eyebrows and said, ''Oh, my, no, it cannot be other than right, because MT. Nor gan's name isn't on the agreement"
 George W. Perkins. of the firm of J. P. Morgan & Co. gave assistance to this view of it, by publishing the statement" that any statement that we were parties 10 an agreement for selling stock is wholly untrue"
 This was on October 8th. Just two months later almost to a day, Mir. Steele takes the stand and testifies that Morgan & Co. at first refused to be parties to the agreement, but, later Mir Perkins had formally acced- ed to the matter"
 If that isn't catching the highway man with the booty on him. then we poor people ont here in the wild and woolly west would like to know what it is MT. Perkins is caught in de- liberate falsehood, and while it af- lords no special consolation to the public, who ''bit of a piece of it' it nevertheless shows that the fellow who acts as the chief yestryman in the high, way up high church isn't always the safe man to tie to either.
 It is said that only 5 per cent of the inhabitants of Colombia can read.