The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1905-07-08

CURED curing the last three years in
the affairs of the greatest trust in the
world. One year ago the SIS, 5ss, 900 pre-
ferred and common steel stocks had
roughly market value of 1927 900, 900,
and at these figures STANDARD Or
went in and bought enough to make it
the dominant factor in the corporation,
ousting J. Pierpont Morgan and his as
sociates who had organized it. Today
the "SyStern'S'' machinery is filing the
papers, the News Bureaus and the
air with stories of the value OF ''Steel
preferred and "Steel common and the
two stocks have mounted from their
low valuation at which they were pur-
chased and now have a market value
of over $3.50, 900, 600. There STANDARD
Oil'' and the system" is keeping them
poised and eminent financial touts are
busy explaining to the public, to the
widows and orphans and trustees what
an excellent investment these securi-
ties are. If the public bite and ex-
change their savings for these stocks,
the system will have made a profit
of several hundred millions and later
will repeat the process, for, take my
word for it, u. S. Steel will again drop
to so cents on the dollar or lower
This particular instance is one of the
TENS" methods of gathering in your
savings, and when you look over the
several immense profits represented in
this steel transaction alone, you will
D62In 10 grasp WHITE some more OIL
your share of the country's prosperity
has gone to.
Life Insurance Plunderings.
The great life insurance corporations
specially designed by the people for the
protection of their widows and orphans
have become potent arm of the "sys-
tem'S' robbing machine. Under it's
guidance premium charges far beyond
the sums necessary to meet the annual
death losses and expenses have been
charged policy holders on the pretext
that it is proper for such institutions to
keep on hand sums large enough to
Iiquidate all their outstanding obIiga-
lions at any moment The people sub
mitted to this exaction. though they
well knew that no such contingency
could possibly occur, but they believed
their laws and their insurance depart
ments absolutely safe-guarded their
savings, and they were willing to make
any sacrifice to insure their dear ones
from want in case OF untimely death.
Enormous sums were thus accumulated
by these great corporations, and the
fsfrenZied financierS,' not daring to steal
these millions outright. set out to devise
safe ways of annex1ng them and milk
ing and bleeding them for their own
profit. This is about the procedure. The
directors of these great institutions Or
ganize banks or trust companies, in
which they deposit millions Of the in
railroad is laid out or a steel trust pro-
NOTED by other frenzied f1naneiers the
insurance directors are let in in consid-
Grafton of allowing the use of the in
surance companies funds to start off
the deal with. Next, the same directors
of their companies, large amounts of
the enormously inflated stocks and
bonds of the new trust or railroad,
thereby deriving millions themselves
millions that rightfully belong to the
insurance company through whose funds
they have been made The next step is
using the insurance money to nanipu-
late the prices of the stocks and bonds
of the new corporations on the market,
raising them still higher and then I'M
loading on the public. This is about
the process upon which these directors
plume themselves when they direct the
peoples attention each year to the fact
that in addition to attending to the in
suraIice business, they had made money
for the policy holders out of their stock
gambling operations. The misguided
policy holders, taken in by the appar-
emit splendor of these performances,
have patted their directors approvingly
on the back instead Of taking them by
the name. of their necks and saying;
you scoundrels, what do we want Of
this kind of money? Do you suppose we
think you have worked magic? This
money was made out of our Fellows
What have you given them in return
for the millions you have stolen for u.s.
and the other millions you have stolen
for yourselves? Do you suppose we
don't know If the stocks and bonds you
have bought doubled in price that 1t IS
because the people are to be charged
excessive prices for some services rem
dered?"
Terrible Consequences.
Aod ha 60psonIJ0nCeS-91 seems
well enough today, for the land still
yields plenteously, the rains have oeen
generous, and the skies are fafr-but
sooner or later must recur pefloo
floods, her drouths, her epidemics OF
disease. Are you prepared by the
years of your prosperity to sustain
such an ordeal? Is it not true that
few of you have enough laid by to last
you over 80 days of such an unlucky
interval?
Bryan Robbed of Presidency.
What are YOU going to do about 1t :?
You know that the economic condition
which allows the few to possess all
and the many are LETT with nothing,
must be ended. If it is not slavery is
ed? BY your ballots? What are bal
lots against dollars, and the system
has unlimited dollars. With So 100000
I saw Rogers rob the able, fearless,
honest, DuL-dll-WToHS-O -ulS-lilOAAcS .
question, William Jennings Bryan out
of the presidency of the United States
in 1896. Do you imagine he would
shrink from repeating the operation in
1908 if he feared that the man you
nominate would upset his control?
Roosevelt Bound Hand and Foot.
Today at the helm of your affairs is
an able and fearless American, bold to
conceive and strong to execute. To all
of you he is a hero, and you are be-
hind him, ready to back upzhis course
wherever he sees fit to go. President
Roosevelt knows it. and today no man
in the country is more keenly aware
of the necessity of curbing the corpor-
ate despotism under which we live
but what can President Roosevelt do?
I hate to say it but he is as helpless
in the Systems" net as a bull in a
balloon. Like CULVER in Lilliputia,
he is bound by 1000 threads-con-
the Saraata the nartx,s iaterssts.