Arizona republican., 1905-07-14
Tells St. Paul People Of
 Frenzied Finance
HIS PROPOSED REMEDY
It Will Be Financial Revolution but Will Not Disturb Political Parties hateriaIly-Secret Still Withheld Lest the System Block It.

St. Paul, July 13-"I have no polit- ical ambitions. I could not accept po- IiticaI office were it rendered me. have work cut out which even if l de- vote eighteen hours per day to it will last me until I am over ninety years old-too old to think of political hon. ors.''
 So said Thomas W. Lawson in an addresss to a large audience at the Peoples church in this city tonight. MT. Lawson did not deliver a set speech; he talked informally, in q con yersational tone, devoting his time to answering a series of questions pro- pounded to him by local newspapers. He declared that should his so-caIled remedy be put into effect there would be no political revolution; Nthe various parties would go on battling for their principles as heretofore. But a great financial revolution there would be; there would be no more stock infia- ton; the money stolen from the people by the system" would be returned to the people, because railroads and in dustriai corporations would have only to earn a fair percentage on the true value of their investments, cost of liv- ing would be reduced. and wage earn CTS would be able to enjoy greater
 
 of their earnings. As to when he would propound this remedy, he said that it would be foolish to make it known until the people were ready for 1t; otherwise the system" would find means to render it non effective. Peo- pie must first get rid of their stocks and bonds; sell them to the system at the present inflated prices, and that when the system" was forced to let them go. the people should buy them back cheaply and forever keep the control in their own hands. When this had been accomplished his reTr edy, which he declared to be a simple, businesss proposition. could be put in 10 force, and there would never again be imitation of capital stocks. As to whether or not his plan was a danger ous one, he replied that it was; that is, dangerous for the other fellow" 4 panic might ensue; in fact, he hoped and believed a panic would ensue. but not until the people had sold their stocks to the system"
 My friends, said Mir. Lawson. wall street is nothing but machine "a trick machine. Every year lnan- ciers run the American people through that machine from one end to the otf- CT, and as they pass through the mon ey in their pockets falls into the 'system's' bucket. What I propose to you is to simply reverce the opera tiOn; run the system" through the other way. and in that manner separ- ate it from it's ill-gOtten gains and re- turn its stolen millions to the rightful owners-the American people,
 Of the insurance question. he said that his fight was rot against honest insurance, and he believed that mosts of the insurance companies were based upon honest principles. Some of them, however. are run in a dishonest mar ner. He expects to bring suits against certain companies on behalf of 5000 policyholders, in an effort to secure restitution of moneys wrong fully detained, and these suits will be prosecuted to the end.
 MT. Lawson was introduced to the audience by Governor John A. John son. and throughout his address was frequently applauded.