Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1907-02-28

'hN iobiN VI bic oyottha WIN the
other pigs eaten and only sl6.Si real
money on the island, the syndcate's
pigs were worth. at the market price
Of $40 a pig, $500. You would think
greed could 20 no further? Wait.
! remember Just after We had land.
ed Oh Cocobolo island that e.. Peter
Grlggs induced me To go into deal
To sell rotten c0coanuts 10 our fellow.
islanders. The system ut that time
claimed the sole right To SEA cocoa.
nuts on the island c. Pe( riggs
hired me TO peddle his rott& cocoa.
nuts. by carefully hiding the decayed
portions ! was able to sell 4 great
many aud the monopoly Of the system
was threatened.
Knowing that C. Peter Grlggs was
rascal was afraid every moment
that he would throw me over. went
to Podgers. lie received me at his
home. He opened bottle of sulphur
water In my honor.
'Podgers," said boldly, Il have
come To talk plainly. as man to man"
Simpson" said Podgers. "Griggs
will do you a 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 man OF honor.
think ! can still make something out
of him. What will you give me-"
Simpson" said Podgcrs. taking my
hand and weeping, I'VE need loyal
tough'hided, foxy young men like you
In our system. We will give you
So"
For reply threw his hand on the
foor and stepped ON II.
villain" cried. "You get me 10
come here. by my own request. and
then tempt me Ia sell out my en-.
ploycr! Oh, lowncss. Oh, basencss!
Ten dollars' Why. the least expect.
I'D was twenty"
Podgers' rage was something thrill.
ing. Raising his foot he kicked the
roof Oft was only made of palm
leaves.
The next day | went back and sold
out Griggs for $l0.jO. 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 II
10y means of which | could make some
money. As am. by profession, mil.
lioIaire, II 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--rcal money and in!.
ta;i0n money. Real money Is the kind
that rings when il IL 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 il. the
system issued certificate of deposit
for each pig. value $40. As long as
the pig remained In the pen the certi-
iicate had real value 1t stood for
Il $40 pig. Forty.three pigs We're de.
posted and 43 certificates issued. with
Il real value OF $3.50.
But see the insidious villainy of the
system. When the pigs were with.
drawn the islanders were Obliged 10
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 kept
them, They became richer immedi-
ately by the face value Of the certifi-
cate Although the pigs on which the
certificates We're issued were eaten
and ligested, 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 $2OO,OOO,-
900, and divide this among its mem
hers. More unjust imitation money!
IL then formed the Cocobolo Mutual
Insurance company
The public certainly had 81 lives TO
insure, and in this Podgers saw
means Of supplying the public with
money that should be its own, morally
and legally.
There was no doubt that In time
the islanders would die. II only Of old
age. Therefore, for protection, 1t was
right that they should be insured.
The insurance company therefor is
sued to each man, woman and child an
insurance policy for $l,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
receive II some time. the insurance
company advanced that amount at
once. taking The policy as security.