The independent. [volume] (Lincoln, Neb.) 1902-1907, 1904-08-25

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next season to turn his 10000 stock
dollars into real dollars, and c. the
Private Thing, knowing their real
value to be but So, 800, refuses to make
the exchange, but instead, by pro-
claiming their real value, compels b.
who must have real dollars to meet his
debts, to sell them for what C, the
Private Thing, is Willing to pay. c.
the Private Thing. is willing to pay
their worth which he alone knows is
So, 800; he repurchases them at that
price from b. that he may repeat the
operation at the return of the next
wave of the country's prosperity
by this operation B. the farmer,
has lost as absolutely as though they
had been taken away from him by
government decree, $1,000 Of his own
making, and c. the Private Thing,
has made as absolutely as though
the government had allowed him to
coin them for his own benefit, $500
real dollars. and The Bank, created,
regulated, and controlled by law, and
existing because of the peoples de-
posits of money, has been the instru-
deprived b. the farmer, of his saw
ings, because c. the Private Thing,
is at one and the same time during
the operation | have outlined, himself
and The Bank.
"A careful study of this illustration
by even laymen unacquainted with f.
nancial or corporation affairs, will
clearly show that the foundation of
this transaction was The Banks put
ting in jeopardy $4,000 of BIS de-
posted $4,000, and that if the $4,000,
after being put in jeopardy, had been
the loser, which, in turn, means that
the compensation for the jeopardy in
which the $4,000 was placed was the
possibility of $500 profit, and that,
therefore, the $500 profit when made
should have gone to the owner Of the
$500, b. instead OF to &C, the user
of it. 1t is. therefore. In this sense
that shall use the term made dollars
wherever they are made or 'un-
made by one set of men using the
dollars OF others without the others
knowing they are being used, and
where the result of such use Is that
made by the ones who use others
money, and where dollars are 'un-
made they are lost by the ones who
own the dollars which they don't know
are being used"
And SO having given the key to the
system" he proceeds to show that
exactly as in the foregoing outline,
" Standard OiP' with the conniyance Of
the National City bank OF New York
city, proceeded to fleece b. the pub
lie, of their earnings, to the extent OF
$36 100000 at a single sitting. And |
here is the way he sets it forth, his |
description being SO graphic, showing
him to be not only candid man, but
one in whom, notwithstanding his |
long association with the pirate horde, /
the milk of human kindness has not |
been "churned to limberger cheese
and in whose heart strong sense of |
justice still fingers, that we reprint it I
entire:
In showing how thirty-six millions
were made in the brief space of this
creatures (Amalgamated Copper's) I
life, deal with reality and not ro-
nance, but let my readers for a mo-
ment give their imaginatiOns play and
picture to themselves one scene in this
stupendouS drama. A great room in
The greatest banking house in Amer
lea, If not in the world-silent, solemn
An atmosphere of impregnable rec
titude--the solid furniture, the heavy
carpets, the chill high walls, the mas
sive desks, the impressive chairs, the
great majestic table portentousiy sug-
sestive Of power. Presto! the dim
,alm is broken; the air vibrates as
when an ancient church is invaded
by swarm of vampire bats. Into
he great room enter a group Of men
Ind flock OF youths, who settle In
he impressive chairs round the ma
estic table. You wonder what Is the
motive of the assemblage. These
rave lawyers. whose names are
veighty in the nations councils, and
hese gray-haircd. dignified financiers
night we'll be gathered 10 arbitrate a
Iispute involving empires. but why
hose Office boys and clerks, with their .
estless. surprised eyes and uneasy
,esturesg The ilourishing OF papers.
he murmurlng of voices and n con- {
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