The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1910-02-16
l. Question That Thomas w.
lawson Puts to the Stock
Buying Public-Brokers Are
Playing the Ass, He Says.


Playing the Ass, He Says.
MEM YORK. Feb. For owe
kwo weeks large flaming advertise
meues from Thomas w. Lawson hav,
been appearing In the New Yorl
STOCK exchange addressed to brokers
md to the stock buying public. Tn,
60 quit bleeding the public by run
ming shares up and then unloading
"a the sheep and the lambs. This {.
tee language that he uses to poin
eat how the brokers are killing th'
goose that lays the golden egg:
Investment and commission Wal
Street have been playing ass for s
Tsar--a year. lacking four weeks.
Awakening time is about here.
d For eleven. months the difreren,
gangs Of Wall Street high financs
cnufSdence workers have piled thei,
came for all there was in it--"Seg.
regation Of Union Pacific" "Irrigatior
~ Reading" "Miragigation Of Steel
ver eleven months the public have
bean robbed; yes robbed. that IL the
overwhelmingly robbed for
AT the present writing certain men
have IN their possession hundreds nj
15llfons Of dollars wheich they have
hn1sen from other men and women bv
esnssisacy, false representations and
eouiidence-game swindling.
1t cannot be dodged-the people
who bought Union Pacific above 5000.
Reading above 800. Steel above S76,
have been swindled, and in such a
nay that an investigation by con-
gress, the department of Justice or
the courts, which will call for the
examination under oath of every
stock exchange member. beginning
with A and going down and through
Z. will show that while the confidence
cc0Spdracy workers we're washing
nfneteen-twentieths Of all the record
I'd transactions in these three stocks
xh-y we're unloading millions OF
shares OFT to their dupes-the public
That Is all. The rest will work it
ssaf out.
PROFESSIONALLY the day is with us
when big money combined with big
&hGhNC Ol6 CllUlc CdIl 10 HlOSt any
thing, but-not quite everything The
no--quSte-evel ything which this COM
oinat'on cannot do is what 1t has been
trying to do in these three stocks dur
ang the present year.
] have just returned from nm I'M
usual opportunity to investigate the
atmosphere of Washington, and I
have returned with a firmly founda-
1ioned belief that Washington atmos-
phere at the present moment 40
closely resembles that which envel-
ops hell that it is safe betting that
the sulphur fumes will be in Wall
Street within a few hours.
Washington Is being deluged, inun-
dated With protests and warnings
from all over the country-protests
against present. high prices and
warnings of the unwalling of hell If
something is not done-and at once.
If Wall Street chooses to sit and
twiddle its thumbs until the conspir-
acy swindlers have dumped their last
share, well and good-not for Wall
Street. not for the conspiracy swind-
lers, hut for the forgue, the prison
and the bankruptcy courts; but the
longer Wall Street sits and twiddles
its 9hum bs the thicker the hell fumes
and the hotter the sulphur nres wnen
they reach the territory where in Oc-
tober. 1907, artichokes could be boiled
by being waved over thermometers
The cry is high nrices.
What makes EN-?
THE fool answer is-extravagance,
cts, etc, etc.. and more etcs.
High prices are because a few men
through the agency of stocks take
all the surplus earnings of our pros
perity.
To US who know the game it's as
clear as the absence of sinners in
a pickerel pond.
Seven billion dollars of new values
has heen added to stocks since the
exit of Roosevelt and the advent of
Taft-sevcn billion dollars.
This seven billion dollars has been
made by less than one million people
who in thirteen years already had
made over 100000 of the
same sort of values.
This seven billion dollars means
that the other S7,000,000 common
people must pay for their living ne
cessities and luXuries $3.50, 200 900 an
nually more for their expenditures
than they 70. merly got, nothing moro
merely their living.
Here we have the cause of high
prices" in a nutshell, and it is only
a question of educating the American
people TO this fact. Then they viii
get upon their hind heels and make
a southern lynching or French rev
olution look like vaudeville dress re-
hearsa1 by comparison.
A concrete example:
The Steel Trust upon $3.50, O00, 90,
invested by the System "carned
,S160 100000 last year.
Nine million Americans upon 81.
DO0, O0O, 900 deposited in savings hank
ca ned $50, 100000 last year.
Think IL over.
The few, on S25O,OOO.O0, earne