Daily press. [volume] (Newport News, Va.) 1896-current, 1908-02-05
Nebraska BaR Makes a FoPcefuI
Arrangement Of the Corrupt
Relhods praciIced N
Wall Street.
SUBJECT: THOU SHALT NOT sTEAl"
Leader of the Democratic Party De-
livers Notable Speech Before the
Civic Forum in New York city
Says Tina. the stock Gambler is Not
Ore Whit Better Than the High
wayo,an Who Robs on the Road.
tRy Associnted press !

NEW YORK. Feb. 4.--tlnjust taxa
'ion. the manner in which some prl-
waite monopolies are conducted and
gambling in stocks and farm products
were declared to be nothing more
than form OF larceny by William J..
Bryan in an address before tho Civic
Forum tonight.
Tho stock and produce markets
cauo In for most bitter dcn,mciation.
He said the New York Stock IN
change has graduated more cmbez-
zlerS than Fagin's school did thieves;
that measured by tho number of sui
cldcs, Monte Carlo is an innocent
pleasure resort as compared with the
New York institution, and that tho
men who once had charge of the
Louisiana lottery never did q 1.-THE OF
the harm that the grain gamblers and
the stock gamblers of New York do
every day. ~ ~
When group OF men gamble at a
Wheel OF fortune or at game of
cards" said Mr.. Bryan. '.the injury
done is confined TO them and 10 those
Immediately dependent upon them.
but those who gamble III the grain pit
or on the floor OF the Stock Exchange
dealt in commodities or securities in
which eighty million people are di-
rectly or indirectly Interested. Farm
products arc juggled mp or juggled
down. stocks are boosted by the tallIs
OF depressed by the bears, and the
whole country feels the effect The
natural laws of supply and demand
ought to regulate prices. but these
laws are entirely suspended when a
few men can by their bets add mill
lions OF dollars to the market value
of one product or take millions of dol
lars from the value OF another pro-
duct.
After a crusade which convulscd a
state and at least Impressed the
thought of the nation We got rid OF
the Louisiana lottery and then We
congratulated ourselves upon our y:r-
tun The mon in charge OF the lot
terry never did o 1.-THE Of harm that
the grain gamblers and the stock
gamblers of New York do every day.
nor did they ever exercise anything
like the corrupting Influence over poli-
ticsU H. has been asserted without de-
NAL that 90 per cent. Sof the New
and of produce arc merely bets upon
the market value with no intention
on the part of the vcudcr toNdcliyer,
or on the part OF the purchaser(to re-
ceivc.
Nothing But Vulgar Gambling.
This is not business: it is not
commerce; it is not speculation. it is
common. vulgar gambling, AMI when
to the ordinary chances that the
gambler takes are added The ettraor-
binary chances due to the secrft ma
nipnation OF the market by ihofe who
are on The inside, the stock }naIltet
becomes worse than nm honestly con
duciM gambling resort. ID man
takes chance upon q waeelAof for
tune, he knows just what hisS chance
Is and be knows that the ossher of
The wheel has a percentage ofAchanceS
in his favor. lsit when a granger
CANDLES upon the stock or gIAin mar
ket he Is al the mercy OF thosc who
obtaining coDtrolDf the visibl8 supply.
can destroy every natural iaHv or bus
mess rule which the outsidEr knows.
While tho laws of each statS and the
laws of the nation should &rcvent rs
far as laws can. the use OF khcsc COM
mercial activities for gambling pnr-
poses, there must be !,ack OF the Law
au educated public opinion and beg
tho spiritual advisors tof our great
cities In consider whci Hcr they can-
not advise religion as fvcll as moral
ity by pointing out that the COM
mandment Thou shaft not stcal' is
openly and notoriously Violated IN the
those who. profess to yelicve in the
teachings" 4
Three Grades of{Larceny.
Mr.. Bryan's subject was THOU
Shalt Not S,eal.' he had not Sc
looted the subject with intention OF
presenting an .argnmeI lt asainst steal
lug, he said. but II fSas his purpose.
aItnf. N amir tho hon, 4, "A Inpui In