Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1908-04-16
SENATOR OWEN TOLD NEW YORK
ERs or A NEW INSTANCE
WHEN MONOPOLY WON
EGYPTIANS ON WALL STREET
A. Jefferson Day Banquet the Okla
homan Made New Application
Of the Ancient Corner
On Corn.

prominent In the state and nation u
the number Of 400 gathered Monday
night at the Hotel Knickerbockel
where the one hundred and sixty-fifth
anniversary Of the birth Of Thomas
Jefferson was celebrated at dinner
by the National Democratic club. Ill
ness prevented the attendance OF two
OF the promised speakers, Senator
l Robert L. Taylor Of Tennessee, whose
toast was unassigned, and Edward M
Shepard, who was to have responded
to Jefferson and the Democratic
party"
Judge Warren W. Foster, of the
court of general session, presided and
the principal speakers were United
States Senator Owen of Oklahoma,
United States Senator Simmons OF
North Carolina, and President Wood
row Wilson OF Princeton university.
Senator Owen, whose topic was
Thomas Jefferson in Oklahoma, said in
part:
Thomas Jefferson was strongly OPP
posed to slavery, as he indicated In
many ways. l comment upon this be-
cause 1t was failure on the part OF
the Democratic party to develop and
observe this one teaching Of Jefferson,
which resulted in the retirement of
that party from national control dur
ing the last half century.
1.-THE same spirit Of American liberty
which determined that the slavery OF
the black man should not exist ii this
country will stand against the enslave-
ment Of white men by monopolies.
1.-THE monopoly of various industries
by skilfully organized capital has such
control now that laborers by millions
are dependent for employment on
those whose policy and interest may
be served by the discharge of these
laborers. Monopoly means ultimate
mastery on the one side and slavery
on the other. The slavery Of monopoly
is not new in history.
II recall wonderful story of mo-
nopoly recorded in holy writ that was
once established in the Valley of the
Nile. Pharaoh and his captains stored
all Of the surplus corn Of Egypt dur
ing the seven years of plenty and
thereafter, during the seven years of
drought, they had one of the richest
monopolies known to history. When
the people had sold all Of their prop
erty and land to Pharaoh in exchange
for corn, they said let us and our
children work for you for corn and
Pharaoh, being a benevolent man, let
'em.
"And on these terms Pharaoh allowed
them to have a portion Of the corn
which they had raised with their own
hands because Pharaoh was benevo-
lent man and had in Joseph sa-
gacious adviser.
"Tlen Joseph said unto the people.
Behold, / have bought you this dayl
and all your land for Pharaoh; 10,
here Is seed for you and ye shall SOW
the land
"And they said, thou hast saved our
lives, and so It came to pass that
Pharaoh was the savious Of the coun-
try.
.And Joseph and Pharaoh have mot
been the only monOpolies who have
been called by their captives the
saviours Of the country I win recall
a recent scene in which certain great
men Of enormous business sagacity
are reputed, during certain years Of
plenty, to have laid up for use enor-
nous values in cash and cash credits
and to have stored or made subject
to control nearly all Of the available |
cash and cash credits in New York. |
Finally there was a repetition Of the
days Of Pharaoh-and the famine came |
and the price Of cash went up. On
October "a, 1907, the price Of cash was
out Of sight, because there was mo |
nopoly Of cash in Egypt, and the
Egyptians In Wall street cried aloud
and lifted up their voices and said:
Wherefore shall we die before thine
eyes? Let US have corn
"And at two o'clock interest rates
ran up to $50 per cent; Union Pacific
declined 10h points in ten sales, and
at 2:15, when the Egyptians were on
the point Of falling dead, 10. the sa-
viows Of America, Pharaoh and his
captains, let them have corn in ex-
change for their most valued posses
sions.'
"And the Egyptians lifted up their
voices, and they said: Thou hast
saved our lives
'FWho Is there 80 dull so grossly |
ignorant a. not to perceive that mo-
nopoly means mastery on the one side
and slavery on the otheri
"The slavery Of monopoly IL not
confined to the Egyptians on Wall
street; II also goes to the Egyptians
on the fArm. We have not In our coun-
try q single Pharaoh. but we have 100
Pharaohs and 10000 captains Of Phar-
aoh who have q monopoly upon every
H. -