Weekly independent. [volume] (Elko, Nev.) 1887-1914, 1909-09-10
ANOTHER PROSPERITY" LAW

AS another step i'll the process of en-
acting prosperity by statute. the Re
publican party will G undertake a
revision of the currency system. This
revision will be i'll charge of the SAINT
eminent leaders of the party who con
trolled the revision Of the tariff, to wit,
Senator Aldrich and Speaker Cannon.
The nature Of the revision to be ex
-pBcted is shown by the action of Speak
or cannon in deposing Congressman
Fowler of New Jersey as chairman of
the banking and currency committee
and naming rs his successor Congress.
man Nrecland Of New York. Fowler is
perhaps the greatest authority on the
currency question how in public life.
Vreeland, rs the indianapolis News
truthfully describes him, is man who
is quite unable to- see anything west of
Wall street" Together with Aldrich
he was the author of the present make
shift emergency currency law. which
has been wholly imperative, and whose
sole object was to furnish a few million
a iiNl' VI Ab'ilA " Nhl Nv
for the uses of the Wall street gamblers.
New England, New York and Can
non made a new tariff law, the pur-
pose of which is TO promote prosperity
by enabling the trusts to charge higher
prices for THEN outpnt, and 50 carr
larger dividends ON their watcrcd stock.
New England, New York and Can
o will next make Il new currency law.
the purpose of which will also he to
promote prosperity by providing for
Il bond-securcd currency. The bonds
to he used rs Il basis for the legal tender
money of the country are TO he the
securities Of the railroads and the great
industrial trusts. This, of course, is
expected to help spectators. specula.
tive banks, cXploiters. stock-thimblerig.
gers, by creating II market for new
securities and comforting added value
on those already atloat.
In II sense, all this will make for
prosperity" But it is a Dead Sea
prosperity, the fruit of which will
quickly turn to ashes in the mouths o
the people. High prices and big profit.
for the trusts means II prosperity 70
~plutocracy. in which, for Il time, anC
to n very limited extent, the labor tina
~plutocracy employs will share. \ bond
secured currency, inflated and debate,
ut the will of the stock gamblers, nd
ding fictitious value to watcrlogge,
securities. will promote speculation
make more mad and maddcning tn
gambling ~saturnalia. and result in
kind of fcvercd prosperity" drunken
ness such as brought on the las
collapse.
Through it all, in fair weather and /
storm the same. the co~ld-b!ooled, clear
headed, calculating End mcrcilcs pirate
of high finance will lie adding. day b
day, to- their riches. Tariff law.
will Conspirc to'favOr thcm-to max
their work easier, their rewards eve
larger than before. Into their hopper
ut last. will come II large share of til
wealth production of the country
Through the tariff laws they will wrin
added eXtortion from the consumer
Through their control of the currenc,
and their currcmcy.inflatcl stock,
they will rake in greater winnings frOr
investors, spectators and small bus
ness men.
But poverty will persist. 1t wi
grow deeper and broader. Just d
those at the top grow fattcr and fattc
will those at the bottom grow thinner
And they who are in the middle, OF
pressed by the growing weight abov
them, will he forced nearer and ncare
the bottom.
a prosperity made for the pri,
LEGGED classcs-a prosperity which thos
on top grind ont romorsclcss from tn
sweat and groans of those beneath 81
prosperity which looks only on Captai
Kidd and tho crew among whom h
distributes a share Of his blood money
and loses sight and memory of tn
victims who must walk the plank thi
iithe kind of prosperity Aldrich AM
Cannon and Nrceland, in the name %
Tie Republican party. are cnacting int,
hting st Joseph Observer.