The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1903-01-25

We may begin To grasp tho appalling fraud
which permcutes the entire system We
may reasonably infer from this InStan""
that practically onC-haf the seven bilious
capital represented by the dividend. bcnri'ls
securities Of the industrial trusts is purei,
fictitious II is CertHin, AT any rate. tina
The amount Of imaginary capital on which
the American people must nay eNorhtui
interest In the shape Of arbitrary prices is
fragrant example Of public plumber 10y pr1-
vatc monopoly In human history ZAP
plausel
II is not therefore, a matter Of surprise
that the owners and hcnehciarics OF the
trusts are rapidly absorbing the entire
werlth ~ the people; that an ariStocracy
has arisen which dominates the Industrial
and social world, This aristocracy my he
nerpetuuted hy the transmission of trust
stock from father TO sou. The power when
the trusts have centered In the gllded few
IS astounding. Mr.. Sage, in speaking of the
The chief owners OF the Standard on
business have become - enormously
wealthy that 10 their individual as wei as
their corporate capacity they dominate
wherever they choose 30 70, They can make
or unmake almost any property, no matter
how vast They can compel any man +"
sell them ANYTHING at any price.
These are the words Of Il man whose au-
thority on this and kindred subjects Is uni
versaly respected. II is difficult 70 con-
ceiye n more alarming couditi n. The In
come OF Mr. John Davis Rockefeller. tue
nrIncipal owner OF the OIL trust, WAS In
ioO1 about S1OO OOO,OOO. IIc Is soon TO be
come the first Millionaire in the history, ~
the world. This Uncomfortable wealth has
| been ACQUIRED within fewer than thirty
years The story Of his triumphs over all
| competitors Of their submission or IN III
| min of his successful evasion and defiance
- nh nv. until he had estal liShpd IN mos
/ invincihlc monopoly the Garth eyer saw.
| will II ever written. form gloomy com
mentary upon the age.
] 1herc were 5000 civil suits pend nE
against this economic despot at one time
| n suit IN almost every county ~ ever
| state in the American Union But the peo'
| pic aud the peoples laws were helpless.
! and today he towers above congress above
| the president, above the Legislatures ana
! the courts. above the people, lent sym
/ hol OF -industrial tyranny. lAppiause NJ
| socinted with him Is Mr.. ] Pierpont Nor
| gan These two men are the most com
| handing fguTcs OF contemporary history
| Mr. Morgan controls over S3,nDtNO,WO ~
! railroad securities and nearly S2;VoNVO,ph
! 81 corporation securities An lustr tiof
of his power may be found In the recent
coal strike II was within his will 70 stop
that terrible conflict at any time; q con.
dict which resulted IN suffering so uulyers
and Intense that the moor have been CON
nelled TO burn the pictures OF their dead
Tor fuel and In some instances 70 steal A
netltion was addressed to PRESIDENT Roose
Welt from the citizens Of Wilkesbarre, III
storm center OF the strike, which concluded
as follows:
Mr. Morgan has placed han upon nj
which means uulNeThul rum AfHiAlHllbu II
hIoodshrd. Is j. p, Morgan gre ter thar
the people? Ia he mightier than he gov
rrnnient? VIII ne he permitted 20 retalr
this mcnaclng powerf We appeal q :. Il
Mr. President, TO stay the juggernaut which
brushes us. We appeal from tho king o.
tho trusts to the president ~ the poole.
This appeal Is the s7ddcst and most sig
nIOcant occurrence since repul lean ul
began. II shows the Qycrsha1ow ne we
az organized wealth. Connected Wit Gocke
teller ard Morgan are an incr as ne mum
her Of multLmlllionaires, aud to-et or thc'
constitute an omuipCtent ollcarch Of
They are the Vsnde~bilts, Gohs and Nlsl
goils OF or modern time. 1her IRE IT,
cconclnlc tyrants Of the United states, mr.
tbe'r Increasing strength is q IN mace 4
every principle and every institution o
nouilar government. lApplause5
Rrpuhicans. have l ovcrdrTtwn the pic
trre5 let me direct your attention 10
speech delivered by Mr. THEODORE Roose
yelt nj Minneapolis on Labor Dar OF 1901
shortly before he became the official heat
~ me nation. In reference 10 tho trust
he said
4 "a shackle cumming "a Ia the past We bav
sbsrkied force The vast indy iduai an'
,orposate fortunes. the vast combination
Of capita which have marked tas develop