Omaha daily bee., 1908-08-11
AT LAST
To the American People:

If even in the past I have earned consideration for truths told and
statements that follow. This is the second of three advertisements dis
played today in like space in the great newspapers of the world and to
be repeated tomorrow in like space in the same publications. I have
never written. shai. never write, any Of graver import o you and myself
ordinary proposition. The instrument by whose agency 1 propose to e
verse the condition of servttude to which the system has reduced the
American people is a extraordinary instrument But before Its potency
can be srasped there must be a thorough understanding of the facts and
manner OF the situation at hand. Each year the American people produce
billions of dollars over and above what labor and capital are used up in
people who produce them. but the working of a financial trick each year
put. the tremendous profit all in the hands of a few men, the ROOketellers,
the Harrtmans, the Morgans-System- In the hands of these few men these
diverted billions become the greatest power I'm all the land. a power g
senate and congress, directs legislation, manipulates courts, dictates to
labor, regulates the prices Of necessities and Injuries and makes the
American people a 5 o many dumb beasts of burden The reason why it
is possible for the few to take from the many their savings and use
istence during the past5 so al a power greater than that II the people.
the few men-the sysem-whO WELD it remOrseessly against the people
MY purpose is to put this power into the hands of the people to uEe n
sparingy for the destruction of the system. The instrument through
which this will be brought about is N mysterious complicated mechanism,
tut a Simple ence easy 10 understand cad TO Wleld certain IN
result a device which will do for the people exactly what the systems
mrhonaires. who a brief period ago, before they became possessed of their
wOnderpown. were Just ordinary everyday Americans Fifty years ago
there were but few American stocks and bonds in existence. they rep
resented the ownership Q a few railroads and industries which really be-
dustres over and above the legitimate expenses of conducting them, went
to the people. AT that time there were n o 100 and 5OO-Hme mnionaires.
no few men who a the whole country, nj trusts, n o system. The prices
Of necessities and Injuries we're made and controlled by the legitimate
demand and supply There wereb but few banks and trust companies, and
those institutions loaned the peoples deposited savings to the people at
iegitmatey conducting said banks and trust companies plus a fair dtvt-
dend o the capital actually employed in their banking business The
New fork other stool exchanges we're but small affairs conducted
for the purpose of enabling the owners o stocks and bonds OF legitimate
OIpOIaIo W sell heI nOluluBS " NOSE n might W6n o invest
in them Out of this necessary and legitimate condition of affairs va
Matched the monster fraud that today dominates the American people.
thwarts their will and directs their affairs A few inancers, the founders
of the system, contiVed a trick device, to wit: FirSt-They created g-
gantc new trusts to control the railroads, banks, trust companies and
industries Of the country. Second-They bought privately conducted en-
terpnses. institutions and industries from their owners, the people, at one
price, consolidated them in the trust and issued to themselves in stocks
and bonds Of the nw trusts e. stocks and bonds representing 1000
times the purchase price. Thrd-Ths they did to such N extent that
today there are $4,000, 000, 000-seventy thousand mtInons-of such
stocks and bonds Fourth-They established all over the country thou
sands of banks and trust companies. into which the people because they
had n o other facilities for doing business) we're compelled to deposit their
savings, for the use of which they have been paid annually 3 to 8 per
cent interest g Fith-The government "a ticked into deposndng the
governments money in their banks and trust companies It q nominal rate
of interest often without interest return at all. Stxth-Wth these vast
amounts OF money-an the money of the country-n their control, the
system started it's trick machinery of making and controlling the prices
of the $4,000, coo 200 Of stocks and bonds o the stock exchanges.
Seventh-Then they proceeded to manipulate the prices of stocks and
bonds and through false reports circulated in the press, directly and in
directly controlled by the system, and through daily artificial stock eX-
change activities and false sales and purchases, led the people Il believe
that the inflated prices thus made werel legitimate and induced the people
to invest their savings al this preposterous valuation. After Turing the
people in they reversed. the process. Press stories Of depression replaced
those Of prosperity. Then system-controled banks and trust companies
called in the money that had been loaned to the people to buy these
stocks, and a panic al on, during the progress of which the people we're
frightened into throwing over their stocks and bonds at slaughter prices,
which the system repurcased at billions of dollars less than the victims
had been induced to pay for them. By this trick these few men, the
system, have beer able at will to make for themselves profits of s 5OOO-
100000 to S1o,000OO0.O00 in each of the market swings that they have
engineered. Think of n. $4,000 100000 to SIC, 900 OOO, oOO-or two and
one-hat to five times the worth of the entire annual wheat. cor and