Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1917-10-30
ANNOUNCES RING
OF FINANCIERS
Speaker Clark's Libel Twins
Kitchin's Speech, Says the
Wall Street Journal

A Wall Street man says: IT notice
New York financial men are getting
little bit warm under the collar
because Speaker Clark from Missouri
denounces what he calls ring of
New York financiers' endeavoring
to make partial failure of the Gov
ernment loan so that the next Will
bear higher rate of interest.
Il am glad Clark is thus calling
attention to how that Solid South is
lodging on the Liberty Loan and de-
nouncing Wall Street, which means
Northern finance and investment
brains. L wish somebody would dig
up and put opposite Speaker Clark s
libel the speech of Kitchin, of Caro-
lima who made our War Finance bill.
He boasted in Congress that the South
was making this tax a tax. on the
North and said: IF you don't like it
IN the North, come down and live
with u.s.
The South is the real profiteer
in this war. 1t is not paying taxes;
1t is lodging on its income tax; it is
not subscribing to the loan; and is
demanding that spot cotton shall be
maintained at 80 cents. Yet, at the
opening of the war the South was
passing its hat, and asking support
from the patriotism of the North.
Indeed Mr.. McAdoo was inviting, al
most forcing, subscriptions to a one
hundred million cotton fund to buy
cotton at 10 cents a pound when it
was selling in the market at z cents.
For my part, 1 want the position
of Clark and Kitchin and S0-cent
cotton advertised before the whole
country.
The South is getting rich from
the soldier encampments, high
prices, and tax evasions, and yet we
would not say anything. But, when
1t comes to adding insulting libels
from Clark and Kitchin. the limit
has been reached. Some day the
Southerners will be turned out of
power, and there will be an investi-
cation of income, tax lodging in the
South.
Man a businessman in the
North has been paying more annual
income tax, before the war taxes
came on, than all the citizens COM
bined in a sovereign state of the
South. Sovereignty and state rights
in the South now seem to be COM
pined to tax the enterprise of the
North. 1t will be interesting to
watch the next returns from the
South and see what 30-cent cotton
pays.
II want the people of the North to
read the dastardly attacks that are
made upon the Northern enterprise
and savings that have made this
country great. Then I want an in
fn In L,
patriots are-whether they are from
Missouri and Carolina, or from Wall
Street.
Step over to the Morgan corner
with me and I will show you a fam
lily record that I want Missouri and
Georgia to match. There is not a
partner in the House of Morgan that
has a son left at home. Every one
is in the war and those who have
no sons have their brothers in the
war.
you find Morgan walking in the
Liberty Loan parade; Dawson doing
his great Red Cross work at Wash
ington-his son cripple from avia-
ton service and his other son FLYING
for his country with the most meri-
torious reports from his superiors,
and which are never published! Did
you read it in the press when Nor
gan's son went into war service on
the other side?
mo, you don't read these things
in the newspapers. You hear these
Southern freebooters gloating over
their 30-cent cotton and the tax they
have levied on Northern industries,
and then kissing at Wall Street men
the real investing North-as trait
ors, when in Wall Street.-The invest
ing North-are the real men who
are putting through the Government
loan.
"I am glad Speaker Clark has
turned attention to the situation, and
1 hope the country will make the
comparison between the loyalty of
the North and the loyalty of the
South. The people of the North have
not doubled the price of copper.
while cotton has more than doubled;
they are selling copper 5 cents below
the market. At what price is cotton
offered for Government khaki? The
people of the North have voluntarily
reduced the price of steel and all
other metals. and the brains of the
North and of Wall Street are being
Communicated at Washington to
work without salary or expenses for
the Government.
Let Clark and Kitchin pile on the
INSULT"