The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1906-02-09
WALL STREET IN DANGER.
Frenzied Financiers Initiate Gassop.
Stocks and Howl for
More Money.

The leaders of "frenzled nuance" :.
Wall street are intent on inhAuag 10
currency for they ind they have NO
enc igh money available 10 specula.s
With. A great panic is predicted n
jacob H. Schin. head OF the banku.
drNl OF Kuhn, Loeb a CO.. nnle,s
oa gress provides for more curreucy
He fayors "A currency based on come
uercial paper. and does not approve II
he plan OF Secretary Shaw, which hs
declares would aid speculation rather
than legitimate business. Mr. Sch.a.
who Is one of the Rockefeller crowd Of
financial princes, has been foremost IA
watering the stocks of railroad and in
dustrial corporations Imitation is no
principal business of these frenziel
fnanciers. and they have inflated tAe
Wall street balloon with such a vol
ume OF gaseous stocks and bonds tina
they now find It difficult TO hold doWI
their creations
There appears TO be plenty OF moneV
for legitimate business. but not enough
for the stock gamblers. The volume
OF business all over the country IS
greater than ever before. and no pro-
Queer. be he miner. manufacturer or
farmer. but can get money for his
produce at the market price. The cur
rency OF the United States has been
Increased 4Gls per cent since 1896. OF
nearly one billion dollars In nine years
for whereas il was s2l.42 In 1896 i
is now s31.4O per capita. OF this vast
sum nearly one-fourth was created by
the act OF congress Of March. 1907
which allowed the national banks ~
issue currency TO the full amount ~
their deposited bonds and TO new
banks that have been started. and ihA
other three quarters is from the ia
creased output OF gold.
Yet with all this imitation. the fren-
Aed fnanciers of Wall street are cal
ing for more money. and their dupcs
who speculate there have been payirg
as high as 100 per cent. for money -
carry the stocks they buy some of
which are not iutrinsically worth III
margin deposited The facts are tina.
the financial princes. or pirates. which
ever view is taken OF them. have
used all the surplus money Of the New
York banks and trust companies .
buy the stocks and bonds that haN z
been offered on the stock exchange 50
as 10 advance the price. or al all eve.
not allow prices 10 sag. In the hopo
that the dear public-known as ne
lambs in Wall street parlance-wil
eventually come into the fold and o4
shOrn, by buying the inflated stocks
II really is a shame that congress
does not pass a law allowing Mr.
Schiff and the other Wall street bank
ers 10 issue money. with their inflated
and watered stocks as security. II
such wild cat" currency could he cir
culated only in Wall street Their
would be no great harm done, except
10 the frenzied financiers and Thea
specializing dupes. but even such. like
other vicious people must be protecte.
by wise laws from their own depravii'
for the general welfare.
AS the Republican party has dom
everything possible for their friend
the frenzied fnanciers and trust mag
mates. even 10 depositing in then
banks all the free money in the Unite
States treasury, that could be spared
il IS no wonder that they fear PAM
IS impending. for the finger on the wal
Is writing their doom and that ihei
kingdom is TO be ended by the Dem'c
racy-tnen honest men will get the
due