The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1905-04-26
STOCK GAMBLING.

Another living example of the perni
cious effects of stock gambling is ex
emplified in the confession and arres
Of Frank G. Bigelow. president Of tn,
( First National bank of Milwaukee
Honored and respected by all VIII,
knew him, elevated to positions O
honor and trust; rated as a millionaire
and having family standing high IN
the realm of society, he was not salts.
fed with being a millionaire with u
life position paying at least $4,000 u
year, but must rush into the gambling
pit and not only lose all of his own
money, but a million and a half dol
lars entrusted to his care and keeping
by confiding friends and associates
who have assisted him to acquire a
competency This is the effect and
invariable result OF stock gambling.
Stock gambling is considered as le>
gitimate business by the commercial
world as selling dry goods or grocer
les. 1t is participated in by men worth
millions who have it in their power
to sway the prices on change and
bring ruin TO hundreds of happy homes.
They can make or break a man at
pleasure, and it matters not that they
have filched the money lost from their
employers or from the bank deposits
Of the poor laboring people, as long as
they can pile up fabulous fortunes
upon the wreck of suffering humanity;
1t matters not to them how many men
are ruined or how many innocent wo-
ment and childrens lives are blightei
or homes made desolate, and these
same men often are recognized as the
pillars in the fashionable churches in
the great cities.
1t is not strange that DR.. GLADDEN.
objected to accepting the 100000 do
mated by John D. Rockefeller for tho
spreading of the gospels of He who
threw the money changers out of the
temple for gambling. 1t is not strange
that honest and conscientious minist- |
ers throughout the land are objecting |
to accepting money filched from the
poor by dishonest and disreputable |
money sharks Like begets like. Birds
of feather flock together and from
this We deduct that disreputable and
dishonest ministers whose associates
and bosom companions and advisers
are the stock gamblers, have no COM
FUNCTIONS Of conscience from accept Z
ing the stolen products of stock gam u
bling, and as rule. certain percent II
of the donations goes into the pockets
of the accessories in crime and the
foreign missionaries are still crying
for help.
The board Of directors Of the bank
of which Bigelow was the president
have decided to make up the loss S
from their own private fortunes ana F
protect the depositors of the bank, I
with the announcement that BigeloW- p
will be prosecuted to the fullest ex- v
tent of the law. A man that admits 81
that he has robbed his trusted friends RI
Of $1,450,000 and is admitted to bail h
In the sum of $4,000 is probably not cl
afraid of being unduly prosecuted foi o.
his crime. He will simply move over n
to Canada and join the army of bank "
1efaulters now living in luxutry undeI d.
the protecting arms of the Canadian
government.
There will never be a cessation from 81
defaulting bank presidents, cashiers, ia
AMI trusted employees until stock s
gambling is made a crime and 1t viii RI
'nly be stamped out by the coming of II
he millennium. AS long as It has the bl
support and Endorsement Of the money IA
powers Of the world; as long as 1t is
ndorsed and approved by the wealthy
churches Of the land, who are sup tU
ported by the ill-gotten gains filched II
rom the savings Of the poor laboring If
,lasses. just so long will stock gam. W
vocation and the list Of ruined men
augmented by daily accessions to their NJ
anks. We of Astoria, so far away he
rom the marts of speculation and Of
took gambling, little realize the per, m
Iicious effects of the nefarious crime, co
committed under the protection ana ne
anction of law
The terrible excitement announcer
D the telegraph dispatches in the Chi oy
ago wheat pit in which the Armours to
nd John W. Gates are ostensably the hc
entral figures, is simply the same old tn
cheme Of inveigling the men of mod
rate means and those holding posi-
ons of trust to put their money I'm o.
he wheat pit for the sole benefit Of Al