East Oregonian : E.O. (Pendleton, OR) 1888-current, 1912-03-21

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and say to him, Give us an immun-
ity bath before we commit crime.
Pardon us before we break the law
Guarantee to us, Mr.. President, that
we cwill not be harmed for taking
over the Tennessee Coal and Iron Co.
cur largest competitor with their
property worth two hundred million.
We are going to give the stock hold
ers thirteen cents on the dollar OF
twenty mine millions for their prop
erty, not in gold but in stock and
bonds" and great president,
fighting president, declared De
lighted am I to grant you immunity
for committing this crime and l am
thankful you do not deem it best at
this time to take over the rest of the
property of the United States"
Who ruled in 1897? Oh, if there
had only been in the White House
then a man of tn type of Old Hick-
cry. Seventy Years before, Nicholas
Biddle told President Jackson that
he must not destroy the United States
bank. and that he must renew it's
charter, and if he did not he. Nichol-
as Biddle, would financially wreck
the country Old Hickory's reply
was, by the eternals, if you have
that much power it is too much for
any man or group of men. Do your
worst" For years the White House
was freed from the domination of
the money power.
]. p Morgan & Co. received $69,-
100000 as promotion fee for or
saniZing the Steel Trust. Money
enough to buy every acre of land.
every animal, every mile of railroad
every house. every piece of property
in Umatilla county. Yes Umatilla
county, present to one firm for one
promotion. In face of the law which
forbid the promotion, S69,10O,00O.
enough to provide $4,000 twenty acre
irrigated homesteads in Oregon for
settlers free.
Twenty-Five years ago the sugar
trust owned property worth nine mil
lions of dollars. During these twen-
ty-five years the sugar trust has paid
three hundred millions in dividends
and their property today is worth an
other three hundred million Money
not made in honest trade and fair
dealing, but by reason of controlled
market. enabling them to raise the
price at their will dropping the price
of sugar to break and ruin a COM
petitor so they might buy his prop
erty for ten cents on the dollar, and
then raising the price to make the
public pay for the purchase, max
ing the greatest sugar eating nation
on earth pay tribute at every turn.
Their methods have all been just as
crooked and just as dishonest as those
they employed when they fixed the
government scales in New York har-
Dor to steal from this government
millions of dollars by false weights.
No wonder Havemeyer could win
a hundred millions in twenty years
and still a subserviant congress plac-
es a duty on sugar of nearly two cents
a pound.
During 1911 the International Har-
vester Co. declared dividends am
cunting to fifty-two per cent for the
reason that the trust controlled the
market, compelling the farmers to
pay four times its actual cost for
farm machinery.
on some branches of the tobacco
trust they have exacted more than
one hundred per cent annually To
help the Southern planter? No, no.
So that Duke might be able to
squander millions in building a pleas
ure gardens at his home in New
Jersey. rivalling the ancient hanging
gardens Of Babylon, for the reason
that they controlled the market.
could dictate the price to the to-
bacco grower, and then dictate just
as effectively the price to the tobac-
co user.
The Standard Oil, the first great
offender has distributed millions up
on millions of dollars in dividends
and they are worth many more mil
lions because they control the mar
ket.
The beef trust control the price Of
hogs. cattle and sheep from the gulf
to the northern forests, from the
Rockies to the Atlantic Coast. But
INV COiItS lnt greatest trust OF
them all, the money trust, controlling
the credits of all our large cities, al
lowing no man or firm to have a
credit unless he is subserviant to the
interest. The money trust today
says to the man who wants large
credit. IF this money is to be used
to promote an enterprise that may
compete with any one Of the estab-
lished trusts, then you cannot have
it," No Independent railway build
ing, no Independent factories, no in
dependent electric plants. Activity
IS gone. New enterprises forbidden.
Money in quantities is only loaned
on terms of the few men who control.
Business must be renewed from the
bottom, not the top. Today the or
dinary business man is discouraged,
! the chill is in the heart, he feels
the grip that freezes enterprise and
/ independence.
Now the money trust seeks to fas-
ten intself permanently upon the
country by means of the Aldrich
! Currency Bill. The present trus
busting policy of this administration
as well as the past is farcial in the
extreme. Has it given the tobacco
grower any more money? Has it re.
duced the trust dividends? Has il
reduced the price to the consumer
More drastic measures must be ap.
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