The daily sentinel., 1908-04-13

good crops were good and everybody
had plenty of work. Have you or !
as individuals studied the cause OF
this panic? Have you any idea
what was the cause of it?
i Seems to me l am like the Irish
man that carried the hod, i can hear
a voice from above. The Irishman
and his friend were talking about the
| spirits and he asked Pat if he ever
heard voices from above+"Sure l
do said Pat. "An0 what do they
say?" his friend asked him. Some
times they say bricks and some
times they say mortar
| Now the voices I hear from above
are voices of Mr.. Farnum and other
great financiers and they are saying:
Shut up! Cut it out! What do you
know about the great science of
banking and finance? How would
We have engineered the present panic
If the government guaranteed the de-
posits? Don't you see we have to
whip the people in line occasionally
and how can we do 1t unless We have
a good whip?
Now ladies and gentlemen, I be-
lieve this panic We have just passed
through, if we are through, was
made to the order of the large bank
ers and financiers and l will try and
give you my reasons:
First of all the large banks and
trust companies are in the hands of
very few men and I must not for
get the large insurance companies,
through the methods of this myster-
ious something called high finance
The control of the greater portion
of the actual money of the country
has passed into the hands of a few
men in New York City, they even
control tho money of the govern
ment. or think they do, and events
seem to point out that that is not
far from the truth. as witness-that
as soon as they holler. the secretary
of the treasury runs to their assist
anoe and dumps all the money they
want into their hands. Right here |
want to ask you question:: How
long and how loud would you have
to holler before the secretary of the
treasury would come to your assist-
ance?
Il read an article in Pearson's
Magazine of February, extolling Mr..
Pierpont Morgan, written by James
Creelman. a splendid writer, prac-
tically stating that Mr.. Morgan had
saved the country from everlasting
perdition or something worse. Now
mind You the time and state of the
country when this was published. is
February last. If Mr.. Creelman and
Pearson's Magazine did not get a
good round sum for that article ]
miss my guess and they are greater
simplstons than | take them for.
81 mention this article to show you
what Mr.. Bryan has to fight in the
interests of the common people. A
large part of the public press and
magazines are subsidized to write
such articles but what are the facts?
''Mr. Morgan. Mr.. Stillman and
other financiers had their eye at the
hole in the screen of the great. gam
bling institution, the stock exchange
of New York City: had their fingers
on the United States treasury lin
Washington, and when the proper
time came, when stocks and bonds /
were at the lowest point. there en-
tered on the stage the large erect I
form of 'Pearpoint' Morgan, with
hands uplifted-the effect. we are |
told. was startling and electrical, re-
one of that greatest man on
earth when he said to the wind and
waves. Peace, be STILL How sud
denly the great uproar came to an
end, when the savior of the country
spoke, when he brought millions of
not only his own but yours
and mine and bought all the stock
he and his associates could carry and
loaned them money at the very low
interest of 10 per cent.
This sort of thing Mr.. Bryan
would stop by his plan of govern
ment guarantee of banks What a |
pity to stop such philanthropy"