Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1910-07-13


smoothly done that they do NOT feel
the sting.
One of the richest of the New York
/ public service corporations has for
years fought off hostile legislation and
] put through friendly bills by making
speculative profits for tbA leaders of
the Albany Legislat, e. This became
so notorious in recent years that the
newspapers have openly referred to
Albany buying of the stock of this
| corporation, and the tip to buy the
stock. when it came from Albany, has
always been considered a pretty sure
si2 The Wall street managers of the
CORPORATION, whenever they have had
10 express their gratitude to Albany
near the close of a session OF the
Legislature, have made a special move
, in the stock that the boys" in Albany
might make some pin money.
The New York Central did a great
deal OF its Albany greasing 10y the
liberal distribution of passes before
passes were abolished One of the
officers of the road had charge of the
pass bureau. and it was never discov-
cred that he had any other duties to
perform. Powerful lobbyists and legis-
lative leaders were able to get passes
by the armful 70 anybody who wanted
them, and it was notorious that needy
Law makers were not above selling
these passes when the opportunity
offered. But passes alone were not
enough. The really big fellows at Alba.
ny insisted on having money made for
them in the stock market When the
NewYork Central wanted bill killed
or bill put through somebody had 10
see that Albany got some good tips on
the market.
OF deeper interest and much more
difficult to uncover are the under.
ground connections between Wall
street and Washington The explo-
sion in England when the scandalous
relations between the stock market
and Parliament were disclosed on the
bursting of the South Sea Bubble was
nothing compared to the explosion
that viii some day shake Washington
when some ambitious inquisitor starts
lelncovering the secret places
The Albany game is small anair
beside the Washington game in Wall
streets view Up at Albany Wan
street Is only interested in protecting
few public service corporations from
the assaults of the Black Horse Caval.
ry-but in Washington are fixed world
policies affecting The commerce and
politics OF empires. Instead ct up
state assemblymen and Senators 10
deal with, there are men high up in
the Government The private wines
from Washington to Wall street couIo
tell many story OF the relation Of
gold and politics
The stock market bride sometimes
takes a mu~h disguised form For ex-
ample, man Of power in the Govern
mcnt may during period Of financial
stress and himself unable 70 carry
his. securities He faces financial rum
Then come along street iinancier
who kindly offers to save the atate-
man or politician By taking the seeurI-
ties off his shoulders until the storm
is over. Some OF the most prominent
men in American public life have in
this way become deeply Indebted 10
Wall street leaders.
When Wall street Is in the delirium
OF big bull market everybody, from
bootblacks to foreign potentates. gets
the fever to speculate. Then II Is that
the big men OF the street are besieged
BY all sorts and conditions OF people
for tips A well-known opef ator can.
not sit down to bis breakfast In a big
hotel without having his waiter ask
him what the market Is going 70 do
during the day The hotel clerk, the
barber, the elevator boy. the news
paper boy, the portef--alI have their
eyes on the stock market, dreaming OF
making a fortune. The shopkeeper,
the jobbber. the saloon keeper. the
lawye the doctor-all are taking
aers in the market
Motor cars, pearl necklaces, yachts.
bungalows--even country sstates--
have been acquired BY persons with
only moderate visible means OF sup
port though the fortune OF having big
operators In the street put them into
profitable stock deals
One Of the best known Broadway
show girls was a1ied one day now
she managed 10 grow so rich--owning
her own town house, with carriages
and motors
@Oh, said she, 'fge been very for.
tu:sate. Ia my investments
It's safe I'd say she couldn't tell the
difference between a twenty-year bond
and ehattel mortgage, but she has
made a snug fortune Two or three
% her friends In Wall street have
glvsn her 40 interest from time 70
time fl their sDeculations saying
nothing about the losses and sending
her checks for the profits These are
her Investments
When ~Fl9rodora" was the Broad
way rage one OF the members Of the
famous seztet suddenly re- lgned from
the cast and left On d "trip around the
world a wAil-known operator, 1t was
related had made q fortune TOR her IN
tie Wild bull market that followed the
Rotation Of the steel Corporation.
The fortune was said 70 5e $a00.o0y
one 81 the biggest 81 the specuiat.
( .ng railroad ananciers mas q habit