The labor world. [volume] (Duluth, Minn.) 1896-current, 1907-04-13
WALL STREET GAMBLERS
MUST PAY THE PRICE
Thinking Men Will No Longer
Tolerate Governmental Pay
ment Of Gambling Debts.
Nation Not Responsible for Pre-.
dicament in Which Wall
Street Finds Itself.

Labor World Special: For days, the
government has been appealed to take
some action to avert threatened dis
aster in Wall street" This is nothing
new. We have heard such appeals be-
fore. The only difference is that they
have come a little more regularly dur
ing the past ten years than formerly,
but why should the government be
asked to help Wall street pay it's gam
bling debts? The government and the
rank and file of the people are in no
way responsible for the predicament in
which the money barons find them
selves at this time or have found them
selves in the past. It would be just as
reasonable for, manufacturing COM
pany which had gotten into financial
difficulties to appeal to the government
for aid as Wall street. One has just
as much right to do it as the other
and neither has the right. Wall street
must pay its own debts.
Why do men pay from $4,000 to
$4,000 for a seat and membership in
the New York Exchange just to get
a chance to gamble in farm products.
the necessities Of life, and the things
that the consumers must have?
Eradicate the Evil.
It is not more than three or four
months ago that the country was star
tied to hear that some three or four
we'll known Wall street gamblers had
appointed themselves a committee to
decide on how much they would an
nounce that certain railroad holdings
in, which they were interested had
earned. At an opportune moment, they
made the announcement, and, by so
doing, they cleaned up just 500, 0,000,-
600. Thinking. men then knew that
some one would have to pay that
$100,000,O00 along with other large
amounts. 1t was only a matter of
time, but no one then thought that
the government would be called upon
to help out in so short a time.
This, and many similar things. have
disgusted the entire country. It is time
to call halt. There is something the
matter with social and economical
condition that permits these things and
this condition must be changed. do
1T NOW" is the thought of today.
Why defer it or postpone it? If your
IL AACAAA ID SASnJ yOA oCAu AOA q uONIOA-
unless you are a faith-curist. We
have been living in faith for years,
but our friend, the patient otherwise.
the countryJ, y .issa getting worse. Let
us go to the root of this disease which
is Wall street gambling. Until we do
this our liberties are imperiled and
our country is not free. Eternal
vigilance is the price of liberty as it
is of all other good things worth hav-
Ing.
An Important Question.
The question of determining and
working out the best rules and regula-
tions governing the movement of traf-
fc of the country through a close
alliance between the transportation
companies and the government is the
most important matter now before the
American people. This matter will not
down. It must be settled by the peo-
pie and not by Wall street manipula-
tors. The danger in unrestricted man.
agement Of railways and the necessity
Of government control to prevent dis
elimination In rates is apparent to all
and should receive the careful atten-
ton of the entire country. Left with
out restraint, the railway companies
can fix the value Of lands; they can
determine the profits Of merchants;
they can control the business of manu-
facturers; they can make and unmake
towns and cities. They can tell the
farmer how and when and for what
price they will haul his products to
market. They can, as they have in the
past, so discriminate against the farm
er that his products are practically
valueIess. They can, at their whin,,
leave his products to spoil at the rail-
road track and he has no redress
whatever from the company.
The condition of dependencies upon
railroads by the public is increasing
day by day. A few years ago, the
transportation companies were con-
trolled by many and varied interests:
now they are largely consolidated and
several interests control nearly three
fourths Of the railroad mileage Of tho
United States.
The times indicate that we are get
ting tired of the rule of money and
that it's place is going to be taken by
Equity, Justice and Honor. Men are
going to be judged by their deeds. A
man who is honest needs no monu-
ment when he is gone except that
monument which he erects in the
hearts Of his countrymen by his acts
while living, and not as many Of our
modern monuments in our parks and
public squares have been and are now
being erected on the sighs, means and
bones of the victims.
There is NO CONFLICT.