The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1908-11-20
CHICAGO FINANCIAL"
ANARCHISTS.

ANARCHISTS.
The Peter Van Vlissingen failure for
97h0000 wherein he had been forging
notes for thirty years recalls another
broken link In the outfit OF Chicago
pirates who have for the past quarter
century been living off what they have
been able a. dcfraud from their asso-
cIates and friends.
During the campaign. after a bunch
of Chicago bankers we're flooding the
country with false documents concern
ing the Oklahoma guarantee of de-
posits. The Leader twice mentioned
that among Chicago's leading brokers
were half dozen takers who stopped
ct nothing short OF murder to wreck
and ruin
One OF these gentlemen took the
trouble 10 denounce The Leader for
the expose. but ne carefully refrained
from taking the matter to the courts.
The list of Chicago financial anarch-
lists grows each year, as one after the
other is brought TO court and there al
lowed TO tell the story OF perIidy.
This Is a partial list;
John r Walsh.
James Eckels
Peter Van Viissingen.
These are the men who would not
take so little as 100000 in the way
OF a loan TIRE other party had nothing
to do with or no knowledge, at least.
They took the lockers down for
quarter million slugs at a time. Forty
cther Chicago financial men. in seven
years. have admitted in coart their
dishonesty.
Surely no one having knowledge OF
the methods OF banking and brokerage
viii he so verdant as to contend lhese
men could carry cn such stupendous
frauds without the other baiikeiE and
brokers having knowledge that they
were in excess OF their own fundsl
Paul StenslSisd was made a .scape-
goat because he worked In realty In
vestments and could not keep the
loans hidden. Now, after being made
TO 'trot the Bankers Alley" his realty
deals are bcing cl sed and his bant
win possibly pay out, less the
brokerage of the receiver
This splendid outfit of buccaneers
organized a campaign against the Okla
homa banking act, and spent thousands
of dollars to convince people the Law
is .'uns nnd." You see under this law
an entire covey OF crooked bankers
would hit the pike for The peaitentiary
In one load, and SO anarchistic a move
ment as SHAT would be most distress
ing. Yes, indeed,
Beyond doubt those bankers cost Mr.
Bryan half million votes. II was
known to many Democratic leaders
that but one banker of any prominence
In Chicago was supporting the Democ-
racy in its battle to protect the sav.
ings OF the poor and the Woodworking
labor OF this country. The bankers In
sisted law 10 protect deposits Il
revolutionary and would tend toward
destr Ddng confidence.
The reactionary members OF the
Republican party, those who wrote ths
Chicago platform, were awake TO th,
fact that there is going TO be change
In banking in these United States
They see that about the last bank I,
break and leave the trusting deposition
TO think 4 past funds has been regis
tered al the booking house OF bite
experience Because the vast majorlt
OF bankers are honest and upright
tlley can not get reconciled Ia the fac
that there have been enough failure
TO arouse resentment.
Unmistakable tokens p-int the con
ing change to all bu, the bankers, Tn
time Is not five years since II was cor
sidered criminal for bankers TO max
a seeming scramble for deposits, an
the idea of telling a newspaper An,
thing was so awful " was hooted an
mentioned as the sensational scanda
OF the day. Tcday the bankers ar
anxious for use aid of the press an
had the newspaper men OF the Unite
States started even SO much as bin
last winter fifth of the banks OF thi
country would nave been ruined
Right now the banks are carryini /
twice as much money as should be n
quired tn preyeHt ever being caugb
with too much IN their reserve house
again The country bankers, In otie
the size OF this and np 10 $4,000 peopl
are boarding cash. because they Wi
not take the chances. ana that none.
Is practically out OF circulation.
at They are largely opposed 20 ID 4
remedy OF INSURED nsr ggaraRt9ed lde |
.fosits yeTymaRssof khapp because ,thl |
fbiga reserve agents, .apRnees angs the, 1
harm themselves and hold back IN 4
community There will be Opposltio'
another three or four years. and the
our conservative midc ntinent bank
ers will force the change 20 protec
themselves against the specnlatinl
bEnkers-brokers OF the great reserv
cities. and The change Is as sure
come as night following the day
Meanwhile pirate brOker-bankers 4
Hle large cities will. once or twice eacl
season announce tfey have shorn IN.
country lambs and advise against
tackine the honest iinanciers,s