The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1908-02-16
Mr.. BRYAN ON GAMBLING.

ling. directed particularly at the
transactions Of The stock cxchang
Gambling he said, us one OF the
worst Of vices, and gambling a.
stocks and farm products Is the most
destructive form In which the vic"
aprcars. Measured by the number OF
suicides caused by the stock eX-
change. Monte Carlo Is an Innocent
pleasure resort by comparison. cas-
urcd by the amount or money chang
ing hands. the contrast is stiil great
or In favor ~ Monte Carlo; and meas.
u.cd by thc Influence ON those who
do not gamble. the evils Of Monte
Carlo are insignificant when compar.
,d witt the evils of New lurK.a ,pin.
msrcial gambling houses rhe Ncw
York stock exchange has rra iua,"l
more cmb,z1lrrs than Fagu scnoo,
did thieves
These blisteriug words were enough
to cause New York to take notice,
following as they did the equally
strong language Of the presidents
message upon the same evil Ncyc'
has public sentiment been so strongly
aroused against the stock exchange
as at present. and If the managers
Of the institution do not see the
handwriting ON the wall they are
strangely blind II may rcquorc
long fight and a hard fight-so 1t
did to suppress the Louisiana lottery
but there will be no backward foot
steps The stock exchange must
completely rcyolutionize its business
methods or it will 90 out of bust
ness before the American people get
through with II.
II is a New York institution. 1t is
true. but it's evil influence pervadcs
the whole country and the whole
country will be heard from before
the fight Is over. even II its govern
ors are able to prevent action by the
| legislature Of New York, which is
not likely As strongly intronched as
! the stock exchange Is. there are null
tplicd thousands In New York who
would be delighted to see 1t suppress.
ed and some strong journals in the
city are being enlisted in the war.
If the people of the United States
were informed as to the character
of dealings engaged in ON change
inc suppression of the stock exchange
would be national issue this year.
That 1t will reach the dignity and
Importance of national issue by
1912 there is not the slightest rea-
ron to doubt. The only thing that
lends even trace of rcspcctability
to stock exchange gambling Is the
volume of the business, the social
standing of hundreds who engage IN
Il. and the methods. In effect it is
worse than any form of gambling that
the law has ever attempted to sup.
press. As MIR. Bryan told them I'm
New York. the men in charge of
the lottery never did tithe of the
harm that the grain gamblers and
the stock gamblers of New York dc
ever day, nor did they ever exercise
anything like the corrupting intlu
cnce over politics. II has been asscr
ted without denial that 80 per cent
OF the New York purchases and sales
OF stock aud of produce are merely
bets upon the market value, with ne
intention ON the part of the vendor
to deliver, or on the part OF the pur
chaser to receive This is not bust
ness; it rs not commerce; IL Is not
speculation; it IS common, vulgar
gambling and when the ordinary
chances that the gambler takes are
added the extraordinary chances due
To the secret manipulation of the
market by those who are on the I'M
side. the stock market becomes worse
than an honestly conducted gambling
resort"
The Post, in the beginning of the
panic last October. was the first "a
advise the closing Of the stock cx
chlurr. aud MIR bryan i'm the Com
.monrr commended .hr advice and
has since m stroug language pointed
ont the necessity Tor the action. And
the reasons for supprcssng stock