The Evening standard. [volume] (Ogden City, Utah) 1910-1913, 1910-10-08
WALL STREET AS A PROMOTER
OF REVOLUTIONS.

The frequent periodical South
American revolutions" have become
a by-word and subject OF jest by
the papers OF this country. AT times
labored editorials viii appear In the
papers attrlbuting the revolutions To
lack Of stability" "feverishness" OF
the people. etc, etc. Now comes word
from Washington that the troubles of
the etteryescent South American re-
publIcs Is really duo to our own dear
Wall street and its high finance.
There was warm discussion in CON
gress preceding the settlement Of San
TO Domingo's debts by the United
States taking over the supervision OF
the customs of that country: bat there
promises to be warmer discussion
congress this winter over Nicaraeuan
affairs
II has been persistently reported
that Wall street played a far greater
part than patriotism in the rebel
lion in Nicaragua, Gen. Estrada, IL
Is said. was furnished funds by a
Wall street firm Now IL Is announced
that the state department Will send n
commissioner to Nicaragua to assist
in Strengthening out the tangled flnau-
cial affairs of the Republic which is
under a heavy burden of debt This
very likely means another United
States supervision OF the customs of
another country
on the heels OF the Nicaraglan com
plications come messages from Hon
duras saying that a revolution" is
about to be precipitated over a pro-
posed loan which is being negotiated
by j. =. Morgan &c Co.
Congressmen will illuminate against
government support being given to the
Wall street money lenders who foment
revolutions" in order TO make loans
and then rope" the government into
collecting their cent per cent. but
what else Is the government for, If not
an agency of the class Of which Wall
street is the flower.
The capitalists claim that they are
entitled to their profits because OF the
risks" they run. This is, Of course.
purely fiction. What risk does the
Beef Trust take, or the Standard Oil
run? Is there any element OF chance
In steel trust operations, or in the
operations OF any trust? None, alb
solutely none. In tho words Of the
doughty colonel, they have things
"cinched"
1t is just the same with Wall
streets investments In South Ameri-
can revolutions" Wall street takes
no risk whatever. 1t knows before
hand that 1t can safely go into the
business of fomenung and financing
disorder In the republics. because IL
has behind It as a debt-colecting
agency the United States government.
Capital takes no risks. In the words
of j. p. Dunning, the economist, cap.
ital eschews no profit, or very small
profit. just as nature was formerly
said to abhor a vacuum With ade-
quate profit, capital is very bold. 4
certain 10 per cent viii insure its
employment anywhere, 20 per cent
certain will produce eaGcrness: 30
per cent positive audacity.- 100 per
cent will make it ready TO trample on
all human laws; 300 per cent and
there is not a crime at which II win
scruplc. nor a risk it will not run,
even 20 the chance OF Us owner be-
ing hanged. If turbulence and strife
VIII bring profit, 1t will freely en-
courage both. Smuggling and the
slave-trade have amply proved all that
is here stated"
In further proof OF the criminality
OF capital we submit. not only South
American revolutions. but also war in
general Weekly People
The Illinois Steel company is bnId.