The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1905-07-14
LAWSON AT OTTAWA.

Thomas W Lawson OF Boston, the
famous author Of 'Frenzied Finance"
gave his lecture on the System II
a speech at the Ottawa Kan, chau-
tau0ua last Saturday. To be brief, It
was popuIism revived and raised from
the dead. except as to the gold stand
ard. Difference Of opinion is pardon
able on that score
Most people fail to appreciate the
fact that the pOpuIists and Bryan
democrats we're not for silver as sill
YER. or gold as gold, or greenbacks
as greenbacks, but only for SUFFICIENT
money to do the cOuntry's BUSINESS
and eliminating the possibility OF Wall
street or any other combination from
cornering the money and controlling
the amount This was the core Of
the contention on the money ques-
ton. They cOntended for what all
the standard economic writer's have
laid down as a law, the "quanutiVe
theory OF money The repuDlicaIlS
have taken that theory up and have
inflated the currency from, approx
mateIy, S25 per capita, to $3S per
caDita. or nearly two billions OF dol
lars. This, with the products Of the
farm, ranch and mine, is the cause
Of prosperity, and not the tariff
But il is refreshing to have a BOs-
tonian, and a Wall street manipula-
tor. familiar with ali the inns and
outs OF high finance and the methods
of Wall street come out and tell the
truth. He says that the people are
systematically robbed, and shows how
they are robbed. The pOpulists were
ridiculed about their discussions Of
finance" and the republicans ia
booed the idea that grangers could
understand finance Lawson says
'ranyOne can understand finance The
frenzied financiers, he says, are the
damnedest set of robbers this side Of
hell.
This is refreshing He says the
people are robbed by the banks, trust
companies, insurance companies and
the great corporations, who use the
DeopIe's savings to work their hnan-
ciaI schemes; that they absolutely nix
the price OF every commodity, both
the raw material and the manufac-
ttIred product; that they control alb
sOlutely transportation and distribu-
ton Of wealth; that when the people
buy they must pay the price they TX,
and when they sell must take the
price they offer. That is just what
the pOpulists said
The savant of Boston says their
contraction, the alternate bulling and
bearing Of the market and the fore
staIling Of the market He dis
courses Of watered or inflated stocks
as one Of their peculiar methods 50
did the pOpulists. AS a shining OK
ample Of these methods he cites the
steel trust, capitalized for the GnOT-
nous sum Of one billion five hundred
million, which was either unlOaded
on the unsuspecting people or given
away in blocks to members Of the
combine. In bearing Of the market
this huge sum shrank to 227,0OO,OOO
and the difference was the people
loss Then Rockefeller came in, using
the peoples trust funds, and ScOoPc-i
the stock which has since risen TO
$3.50, 100000.
He says that these trust I1agEates
buy presidential elections and cor
rupt the courts. He gives the spec
inc instance Of Rogers. Of the Stand
ard Oil combine, collecting and ex-
pending $4,000, 900 to elect Mckinley
and to defeat Bryan He says that
elections, even presidential, are pur-
chased with trust monies and that the
decision Of courts are actully the sub
ject Of both barter and sale; that to
keep the plumber they have siphOned
from the pockets Of the people into
their own Golfers, they do not hesitate
to "suborn perjury, bride juries and
pay judges for favorable decisions"