The Montgomery advertiser., 1909-01-27


 me to the great cites. and there in- spect the great army of the unem- pioyed as 1t marches with sober. grum' threatening mfen in full review; so with me to New York. if you please, stand with me on theN eNBrooklyn Bridge at the close of the day and see me great throng of humanity as ft surges across that great thoroushfare: see lthe little children that ought to De Tn school or around their mothers Knee coming grimy and dirty from the at-shops; see the poor mother with babe in her arms. who has been trudging the streets all day begging for bread going to her hovel or sauaiid poverty and want; see the la boring men out of employment with desperation written upon their faces returning empty-handed to their help Hess, dependent families; go to the lshomes of the poor. go to the homes of the employed. go with this great army that is marching up and down the land today begging not for bread. not for a hand-out at your back door, | but an opportunity to work, for an opportunity to earn their bread as God commanded, in the sweat of their face;
 for an opportunity to run the race of the free. unshackled and unhindered;
 and tell me, If you will, that this tax
 has brought blessings to the laboring man of the North and Easts,'
 I Bane of Speculation.
 Mir. Davis said that while Governor of Arkansas he had advocated law which was finally enacted for the sup
 pression of all dealings in future
 purely within the State and the pro-
 visions of that act were practically
 before the Senate. In the latter meas ure the use of the postal system as well as of the telegraph and tele- I phone was forbidden which he deemed
 a feasible way to put an end to such | transactions.
 l He spoke especially of the baneful
 effects of the. sale of futures on the
 price of cotton, although his bill had reference to all products of the soil. l God has blessed the Southland as
 he has no other portion of this great J commonwealth" Said Mir. Davis. "He I has given us in soil and in climate Ia corner on the production of this Il great staple, and 1t Is to prevent the gambler from despoiling our agricul- tural people. not only of the South, but of the West as well. that ask l for the passage of this bill"
 The transaction on the New York Exchange. he said. involves specula-
 tion on ten times as much cotton as
 is actually produced in the South.
 The whole transaction." he said I 'is a pure gamble, a bucket shop l transaction of the worst kind. and no
 exchange should be lawfully empow cred to continue this gambling game
 This. he added, is gambling not only
 in the products of the soil, but it is
 gambling in the flesh. in the blood and In the bones of women and chIl. I dren Of the South who are forced by the robbery and spoliation of these
 gamblers to toll, from daylight until dark to produce the subject matter
 of this gambling transaction These exchanges. he insisted. SC
 completely fix the price of cotton thar the smallest farmer when he carrie.
 his product to market Is told that the
 purchaser must consult the exchange
 before he buys 1t. When gambling 1T cotton is destroyed, he said, e better price could be obtained for the cot. ton of the South.
 The HOO names of members of tn. New York exchange was included fir
 Mir. Davis's remarks. These men, h.
 said. represent wealth aggregatint $15.000, ,000.000 or about one-seventh oi the wealth owned by the 90,00O, ,00, people of the United States and in ad- q dftion to that personal ownership, h, added they represent vast railwa, : and commercial systems that add t, ! their influence in the financial world Speaking, of the publication o : news concerning the exchanges il which cotton is sold for future deliv cry, Mir. Davis said:
 "Almost every great newspaper o i. the country keeps an editor. reporte ' or correspondent at headquarters i Il Wall Street, ostensibfy to Keep tn people, informed as to the news, .bu [, really under the pay of corporationl ! to gloss over the knavery of exchang
 transactions and to write stilte reviews of exchange dishonesty an ! fraud"
 Only twenty-six Senators were ai
 their seats when Senator Davis aros
 to, address the Senate. Mir Davis ha, not proceeded for more than a fey minutes when even this small atten ' dance was reduced to seventeen Sen ators,s only six of whom were Repub l. lican. The attendance in the gallerie 3 also was small.