The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-07-09


land are mado Of clay and not divinely
inspired ard Mr.. Lawson, declared that
he could take one ofshis thousahd-dollar-
a-ycnr clerks nnd With the snme oppor-
tunitlcs make OF him ms great n financicr
as many Of those whose names have be-
come household words. Especially I'D
he fire fronzicd phrases ut Thomas T..
Ryan, and quoted freely from the recent
article ofsMr John SHELTON Williams OIL
that subject, 9and It may be said. by the
way, that he informed his hearers that
Mr.. WILLIAMS was a Baltimore banltcr.
Tho personal part Of the address was
spicy all the way through, but we must
hurry on to consider tho wcishticr part
Mr. Lawson told Ills hearers how they
had been robbed by the frcnzlcd fnan-
ccrs; how they had been made to buy
stocks and bonds at cxorbitant prices;
how they had been made to pay OUT
rageous railroad rates in order that in
forest on inflated bonds and dividends
on watered stocks might be earned; how
the money of the people was gathered
into the banks at 8 per cent. interest
and then employed to promote oppressive
corporations. 1t was the same old story,
and If Mr. Lawson is good prophet the
time is coming when the people will rise
up in their righteous wrath and over
throw the money changers and drive out
those who gamble in stocks and wash
their hands in tho blood of the frenzcd-
that Is to say, unless Mr.. Lawsons adj
Vice should he taken. for he has REM
edy, and it Is neither the ballot nor gov
eminent ownership. lie said that the
saw Rogers. OF the Standard OIL COM
pnny, take five million dollars and rob
William j. Bryan of the presidency. He
has great respect for President Roose-
Welt, but he told the Kansas folks that
with all his goodness and sense, the
President was as helpless in the 'sys-
tents" net as a bull in balloon. Worse
than all, he said that the System"
owned tho courts
AS for government ownership, he said
lHHI .WOulO De luSClOuS Pie lOE. the SyS-
tenn.
municipal ownership said he. is a
WI l-o'-the-wisp. The system" circu-
lates the idea Of II among the people to
keep them out Of mischief. 1t Is n rattle
and a rubber ring for the country to
play with If Rogers and Rockefeller
ana the other frenzisd financiers were
starting over again, they would ask moth
ing better than to begin in a world in
which all tho banks, railroads and man,l-
facturers were in the hands of the gov
crnment, because they could steal them
easier. quicker cheaper, and more sa fe-
ly from elected authorities than from
individual owners"
But what is Mr. Lawson's remedy:
He not only stated tilt had been stated
hefore-b,rt emphasized it in his speech of
yesterday. 1t is simple. 1t is as fol1ows
Tho, first step is for the American
people to divorce themselves from the
System" and sell every share of stock
and every bond they hold back ito the
frenzied f!nanciers at present inflated
prices.
Take the money thus realized and
place it in banks and trust companies,
or, better still. in government. State and
trust companies steer clear. to the best
of your ability. of those institutions that
are linked up with the System" When
you all have done this you have cut the
| foundation from under the inflated price
structure the system Is maintaining
and collapse is inevitable When the
| value OF securities declines TO a given
nont the 'systenS must throw over
| the stocks and bonds It is carrying, for,
| st.
own outright the stocks and bonds that
F, s2o,O0o.oO0 will be found owning $4,000 900
OF stock, borrowing the 100000 from
Ethe funds of the people In the banks.
| When the SYSTEM sells, the public
alone will be able to buy. Then the
system will be no more. There is my
simple plan-to load UP the system
with the stocks and bonds distributed
among the people, in addition to the
stocks and bonds 1t owns Itself. Then
deprive it Of the money of the people.
Result: the artificial price structure
collapses. the stocks and bonds of rail-
| ways and manufactures and gas COM
panes AL drop to the real cost and val
ues of the properties they represent. Then
the people, the money owners, purchase
| the stocks and bonds, and having only
to pay interest on their rGal values, can
reduce rates Of fares and freight and
prices generally and the revolution will
| then be complete ~
Simplicity itself. All together Sell
Stocks and bonds! Sold. Down goes the
price and the System Bottom reached.
Altogether again. Buy! System
busted and put out OF business. People
lin charge of the banks, the railroads
and tho factories, and reveling in Qig
profits and low prices. The wicked dis
comfited. The people triumphant and
happy, Everything lovely.
Great is Lawson and his Remedy.
ACKNOWLEDGMENT