The Marshall republican., 1907-08-16
WI

that Sugar panic in which I was
robbed Of millions by the System
through Barry Consnt. In that panic
the System with It's unlimited re.
sources, Alehed from the people by
the arbitrary manufacture Of stocks,
and by their manipulation did to me
what'I sfterward discovered I could
do TO them, without any resources
other than my right to do business on
the floor Of this exchange. You saw
the outcome, in the second Sugar
panic. Of my FIRST experiment. In a
few minutes I cleared a profit Of $40.
0oo. ZOO. I could have made II fifty mil.
lions. or one hundred and ffty, but
raj not then on familiar terms
with my new robber.robbing device,
and ! had ySt n heart. To make
this ten millions Of money, all
that was necessary for me to do was
70 sell more Sugar than Barry Conant
could buy. This was easy, because
Barry Conant, not knowing Of my
newly invented trick. could buy only
what he could pay for on the morrow.
or. at least, what he believed his
clients could pay for; while I. not in.
tending TO deliver what I sold-unless
by smashing the price to a point where
] could compel those who had bought
20 resell TO me nj millions less than I
sold ~st-could sell unlimited amounts
literally unlimited amounts. When
Barry conant had bought all that he
thought he could pay for, he was
obliged TO beat a retreat In front OF
my offerings. and ! was able TO smash,
and smash. until the price was so low
that be could not BY the use OF what
he had bought. as collateral. borrow
sumcient TO pay mi for what l had
sold him. Then he was compelled 10
turn about and sell what he had
bought from me, and when ! had 70
bought II for ten millions less than ]
had sold II for. the trick had been
turned. I had sold him 100, 900 shares
say at 220. He had sold them back
20 me say at 40. and he stood where
he had stood nj the beginning. He
had none OF the 100. 900 shares. Both
Of us stood, 10 far M stock III con
cerned. where W. had stood at the be-
ginning, but m TO profits and losses
there was this difference: ] had ten
millions Of dollars profits. while Barry
Conant's clients. the System were
ten millions. losers-and all by Q trick.
The trick did not differ In principle
from the one In constant practice By
the System When the 'System.'
after manufacturing Sugar stock. sell
100000 shares 10 the people for 310.-
0oo. 600. they 30 manipulate the market
by the q Of the $40. 000. 900 that they
have taken from the people ne 10 scare
them into selling the i00. 900 shares
back TO them for So. 200. 900. After
they have bought they again manipu-
late the market until the people buy
back for 80. 000. 900 what they sold for
e6.0oo.o0 0 The System commits NO
legal crime. ! committed no legal
crime. ] had not even infringed any
rule OF the exchange. any more than
had the System when they performed
their trick. Since my experimental
panic ! have repeatedly put the trick
In operation. and each time l have
taken millions. until to-day ! have u
my control. as absolutely as though I
had honestly earned them, as the 10
borsr earns his weeks wages, or the
farmer the price OF his crops, ovsr
1000. 00o. 900. or suficient Z keep e.
shaved the rest Of their lives q miliioa
people.
what DO you intelligent men thinS
Of this situationf You know, because
you know the stock-gambling gams.
that the American people. with ths1s
boosted brains and courage. come year
after year with their bags Of sold. the
result Of their prosperous iabors. ~
dump them, hundreds OF millions. ia1s
this gambling inferno Of yours. Tea
know that they are fools. these slny
millions OF people whom you tern
lambs and suckers. You chuoklo @.
year after year, having been seat avay
shorn. they return for % shsaring.
You marvel that the merchants. Danu-
~factursrs. miners. lawyers. farnaea.
who have suficient intslIissase -
gather such surplus legitimatsly. would
bring Il 70 our gambling he'll. where
upon al sides 10 plain proee that ~
who conduct the gambling. a. NJ
produce nothing. are Obliged 70 tn1o
from those who DO produce. huD1reds
q millions each year for enDsasea.
AID hundreds OF n,llions sac0 yons ~
Protector you know that ~ hove
nothing to give them In rstnsn ~
whet they bring to ~. Fou know tn