Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1907-07-22
LAWSON'S REMEDY
FRENzIED FINANCIER SAYS PUB.
Lie IS NOT Quite READY.
Claims to have Remedy I'D His
Sleeve, Which tie will Announce
When the Public Mind Has Been
Duly Prepared. Why Should it be
DELAYED!

In recent issue of Every body's Mag
azine, Mr.. Lawson concludes his series
OF articles on Frenzied Finnace and an
nounces that he will follow his exposure
OF Wall Streets doings with series OF
short stories. He explains that he does
this to maintain interest in the subject
until he is ready to set fo,t tn his "rem-
edy." He says that the remedy IS with
held because the people are not ready
for it that the physiological moment
has not arrived. Few will agree with
him as to the wisdom OF Withholding
any remedy which he has in mind. 1t
would do no harm to submit it; if it is
good the sooner it is given to the public
the better. He must not expect imme-
diate acceptance, and time wasted can.
not be recovered. He ought to say what
he has to say and trust the people to act
upon his remedy according to its merits.
It is not certain, however, that he has
actually withheld tha remedy. He in
Inmates that it is to be found in legisla-
ton limiting dividends and preventing
the issue of fictitious stock. He says:
ERGO, if instead Of trying to prevent
these rascals from getting these millions
which we can never do because by using
this vast wealth they can corrupt people
faster than we, without it, can reform
them, let Us make it impossible for them
to create the stocks and bonds without
which they cannot seize the loot which
the rebate system takes from the people.
Does any one suppose that Hartman
and STANDARD OIL last month would
have taken all the risks attending the
Union Pacific and Southern Pacific coup,
which has brought on their heads a
whirlwind of wrath from the press and
the pulpit, if they had not known that
they could thus easily seize scores of
millions of dollars? If the law OF the
land had made it impossible for Stand.
ard OIL and the System to gather mill
lions Of profit, there would have been no
incentive for Hartman to take advan.
tage OF the tremendous business arising
out of the great prosperity of the coun-
try by collecting from passengers and
freight passing over his roads millions Of
dollars more than the running expenses
and fair rate of interest called for.
Therefore, when business increased with
the country's prosperity, Hartman
would have reduced freight and passen-
ger rates and these extra millions would
have remained in the hands OF the peo.
pie along the line of these two roads.
Both OF these suggestions are good, but
they are not new. Texas has an excel
lent law regulating the issue OF stock,
and it has already been discussed in con-
nection with the federal regulation Of
railroads. The democratic platform Of
1900 endorsed the federal license system
az a remedy for trusts. the license to be
withheld until necessary conditions were
complied with.
The fixing OF maximum dividend
would be an effective remedy. If, in
the case of railroads, tine corporations
can be brought down to an honest basis
and limited to reasonable dividends the
incentive to speculation would be re-
moved, or at least greatly reduced. II
these are the remedies upon which Mr..
Lawson depends he ought to give the
public a chance to consider and discuss
them.