The herald-advance. (Milbank, S.D.) 1890-1922, 1907-03-01


out again. We owe sou nothing.
These piglets belong to us" Such is
the logic of the system. With the
other pigs eaten and only $16.84 real
money on the island, the syndicate S
pigs were worth, at the market price
OF $40 pig, $500. You would think
greed could go no further? Wait,
remember just after we had land
ed on Cocobolo island that C. Peter
Grlggs induced me to go into a deal
TO sell rotten cocOanuts to our fellow
islanders. The system at that time
claimed the sole right to sell cocoa
nuts on the island. c. Peter Griggs
hired ME to peddle his rotten cocoa
nuts. BY carefully hiding the decayed
portions | was able to sell great
many and the monopoly of the system
was threatened
knowing that G. Peter Griggs was
a rascal ! was afraid every moment
that he would throw me over | went
to Podgers. He received me at his
home. He opened a bottle of sulphur
water in my honor
"Podgers,' ] said boldly, 81 have
come to talk plainly, as man to man.
! Simpson" said Podgers. "Griggs
| will do you dirty trick yet Cut
! loose from him. Come into the sys-
| tenn"
'Podgers,' ! said no! Never.
Griggs trusts me. | will not sell him
out to you. ! am a man OF honor.
| think | can still make something out
of him. What will you give me?'
| simpson, said Podgers, taking my
! hand and weeping, Eve need loyal.
tough-hided, foxy young men like you
in our system. We will give you
| $40"
| For reply | threw his hand on the
floor and stepped on it.
| Villain" | cried You get me TO
come here, by my own request. and
then tempt me to sell out my EN-
| ployer. Oh, lowness. Oh, baseness!
Ten dollars. Why, the least | expect
! ed was twenty"
/ rodgers rage was something thrill,
ing. Raising his foot he kicked the
roof Gift was only made of palm
| leaves
| The next day went back and sold
out GrlSgs for $1,000 AS | left Pod
gers office | met Griggs coming to
sell me out Griggs was an unmiti-
gated rascal
Having thus established close rela-
tions with the pig system, my next
| thought was to fix up deal with it
by means of which | could make some
money. AS | am, by profession, mil
lionaire, it is necessary that / should
have at least little money
For the information of the uniniti-
ated | must explain that there are two
kinds OF money-real money and imi-
tation money. Real money is the kind
that rings when it is tossed on the
counter; imitation money includes
stocks, bonds, certificates of deposit.
laundry tickets, pawn tickets, postage
stamps and wampum.
Pigs are neither one nor the other.
they are property
When the pen was built and the
islanders deposited their pigs in it, the
system issued certificate of deposit
for each pig, value $40. AS long as
the pig remained in the pen the certi-
ficate had a real value. 1t stood for
a SO pig. Forty-three pigs were de-
posted and 43 certificates issued, with
real value of $500
But see the insidious villainy of the
system! When the pigs were with
drawn the islanders We're obliged to
give back their certificates of deposit
to the keeper of the pen The pigs
were honestly eaten, but what did the
system do with the certificates? Did
they destroy them? No, They kepty|
them! They became richer immedi.
ately by the face value of the certif-
Gates. Although the pigs on which the
certificates were issued were eaten
and digested, the certificates remained
to represent imitation money. This is
what | call on awful defrauding of
widows and orphans
The next step of the system was to
form stock company-the Cocobolo
Pig Pen company, capital $200,OOO.- |
900, and divide this among it's mem.
bers. More unjust imitation money,
1t then formed the Cocobolo Mutual
Insurance company
The public certainly had 81 lives TO
insure, and in this Podgers saw a |
means of supplying the public with
money that should be it's own, morally
and legally.
There was no doubt that in time
the islanders would die, if only of old
age. Therefore, for protection, it was
right that they should be insured
The insurance company therefor is. |
sued to each man. woman and child an
insurance policy for $1,OOO,OOO 900. !
agreeing to take notes for the pre-
miums as they became DUE AS notes
were to be accepted for the premiums
there could be no doubt that every
islander would keep his policy in force
until he died. Therefore each islander
was sure to receive, sooner or later.
81 900 100000 AS he was sure to