The Montgomery advertiser., 1905-07-09
TOM LAWSON
 SPEAKS OUT Sensational Address at
 Ottawa, Kan. MORE "FRENZIED FINANCE" People of United States Be.
 ing Robbed. BostonIan's Alleged Expose of Methods Used-He Points Accusing Fin- ger at Several Prominent
 Americans.

Americans.
 Ottawa, Kan, July s.-Thomas W. Lawson, of "frenzied finance" fame, made q notable and sensational speech here today, exposing. as he alleged, the methods by which the people or tnis country were being robbed by the few who had grown rich, and told now some of them had become millionaires and billionaires by their frenzied meth ods.
 "I have come to Kansas on simple mission" said MT. Lawson, ito point out to you that the American people are being robbed. by whom. how ana what the consequences will be If the robbery Is not staid and an example made of the robbers. I know whereof I speak, and I know my audience. Des- pite its present supineness l know tha, when the American people digest the brutal facts that l have to lay before them. and realize that they are abso- lutely in the power of a few men-and these few the foulest robbers this side of hell-they will stop for one brief minute to pull themselves together. and
 Men and women of Kansas: No race since Father Time took down his scythe and went forth will bow lower to Gods and mans laws than the American people. but let the American people once get 1t firmly into their heads that in their midst Is power working for the annihilation of their comforts, their happiness and their freedom-once let them really make sure. and they will rise and go forth, and before they return there will have been placed between the covers of his- tory pages that will need no bookmark for coming generations to open to; there will have been added to the worlds history pages so black and so red that those telling of the doings of St. Petersburg and Paris will appear as though printed with chalk and wa ter.
 You don't like this thought--neithe do I, but shay I remain Silent because the truths4I must tell are unpalatabte and unfattering? It Is my duty to de- scribe to you the terrible conditions I see closing in upon you. so you may be warned before it is too late.
 What right have I to speak more than another, you ask?
 T speak of a subject that I have spent my life studying. I know the robbers and their methods have hunted with their pack and been har- ried by their hounds, I have felt the yoke of the system round my own neck and have thrown 1t of. Mine is voice from the prison house, and my statements are not the assump- tions of closet financier or book worm student. I speak out of full knowledge of the facts and I demand your attention because you need the assistance can render to you.
 John A. Mccall.
 Take for instance, John A. Mccall. President of the New York Life. and recognized in Wall Street as A. very great fnancier. few years ago this wonderful person was an ordinary. hard working insurance agent who knew no more about the business of the nation. of stocks or bonds and ''frenzied finance" than one of my Sl,OOO a year clerks-as much, but no more. By those pulls and hauls, slips and slides of city politics with which you are all as familiar as I, John A. Mccall got into the insurance depart ment of New York State, and presently there was an explosion in the great New York Life Insurance Company, an ex- plosion which was heard around the world This corporation had been built up by one of the early generation of frenZier finencfers," a man who org mated some of the methods of working insurance graft which have since be- come classic. But his operations were conducted on a limited scale. for be shared his swag with few-he didn't make any "divvy" with the leaders of the Wall Street grafters. or. perhaps. he might have avoided the explosion. There were examinations and investi- gations and something of the same kind of scandal we are now having in the Equitable. and the wind-up was that President Bers was fired and John A. Mccall. who had learned so many se- crets while In the insurance depart mI. make his services desirable 10 the Equitable, was put into the reorganized New York Life Insprance Company as President with a salary of $100.000 per year and the absolute control for all practical purposes of it's hundreds of millions of assets and its scores of mil Hons of surplus.
 The next morning after John A. Mc- Calls election as President of the New York Life Insurance Company he was one of the great American financiers. for he had learned overnight the un- fathomable mysteries you are told the masses cannot comprehend. And this same John A Mccall. only a few years ago an insurance agent at a small sal ary, is one of Americas multi million aires, for he has been able to save from he salary the policy holders pay him for the use of his great intelligence during the brief term of his Presidency of the New York Life a fortune of from $10,- 0O0, 900 to 15,000. 900.
 James H. EckeIs.
 But President Mccall Is not the only government official who gained over night the extraordinary knowledge that befits one to handle high finance. There is James H. Eckles. whom some of you remember as rather a sharp young man in a small Illinois town. In the course of events, by some mys- terious turn of the political wheel. young Eckels became controller of the currency under Grover Clevelands Secretary of the Treasury. John G. Car lisle and he had charge of the second bond issue, about which SO much was written at the time. It was in the dull days of 1893, and the government needed hundreds of millions to meet the deficit in its revenues. The first bond issue was obtained from the philanthropic .Pierpont Morgan, who, with his associates, made a profit of $15,000. 900 out of the transaction.
 J. Pierpont was in fair way to draw down another s15, ,000, 900 from