The Northwest worker. [volume] (Everett, Wash.) 1915-1917, 1917-06-07
BONDS
How the World Is Shacldcd and
Banltrupted

United States, with a population
practically doubling in each genera
ton the future earning POSSIBILITIES Of
industry were a foregoue conclusion.
SO the process Of Capitalization"
quite naturally took the further
step, and future earning capacity"
began to be reflected in the crea-
ton OF corporate stocks and bonds.
John Moody, the Wall street au-
thority.
In the public utilities field the
basis of capitalization was the fran
ohise value, and in the twenty years,
from 1890 to 1910, the total capital
izaticn in the form of stocks and
BONDS Of public service corpora
lions in the United States grew
from less than two hundred millions
of dollars to NEARLY TWENTY
BILLIONS.-John Moody, the Wall
street authority
At one time the workers of the
world were tied to the land. The
period covered by this method of
exploitation is called Feudalism
Previously, they were Owned" as
horses and cattle are. They were
the property of their masters. This
is known as Chattel Slavery.
The workers are new neither chat
tie slaves nor serfs, but are never
theless tied to their jobs and with
out the freedom to work for them
selves, through the ownership of the
tools with which they must do their
work. This form of exploitation is
known as the Wage System.
But everybody is not wage earn
err, and in order that as many as
possible might be placed under tri-
butte, another method of exploitation
has been invented.
The new method admits of a few
exploiting even the smaller fry, who
exploit others through profits and
rents.
This form of exploitation is the
most perfect the world has ever
known. 1t reaches every person who
lives. 1t is a Bond, approved by
every nation in existence, and ap-
plies not only to the living, but also
to all who may be born in the ages
to come.
The extent of the bond system is
greater than the people know. But
although they are not seen by the
many, they reach everyone without
fail.
Here we have the story of the in
ception of the idea of bonds 1t
reads like a romance. We have also
list of the Indebtedness of Eng
land, France, Germany land other
states that staggers belief.
But the battleships, created in or
der to create this debt for the
money-lenders, also stand for the
collection of the interest. The peo-
pie have to pay the interest. The
principle is never intended to be
paid. 1t is intended to be bur-
den upon the people for all time.
But this invention of Pitt and the
Rothschilds is not all. 1t is enough
to crush the people and degrade the
world, but it has been improved upon
from time to time.
J. P Morgan, the great American
financial organizer (and he was
great in his line), taking his cue
from the idea of bonding the people
nationally by action of their political
representatives, for things they do
not want, invented The idea of bond
lIlS COl POI dIlVllo w Vic luli cdl IliuB
capacity of all the workers.
Within ten years, without consult
ing any government, he placed them
under bonded obligations to pay in
terest of Fifteen Billion, or four
times the public bonded Indebtedness.
The work of binding the people
to pay this interest is not at an
end. Europe is not fully organ
lied yet. This work of organiza-
ton is going on now, and is at
once a tragedy and romance that
exceeds that of the story of the
arch-fiend of paradise Lost" and
is equally as vicious as was his
plan.
Every capitalist government is tied
up in a vast web of national and
state debts, SO they can do nothing
to free the people. Each govern
ment issues charters for combina-
tions that issue the industrial bonds,
therefore they are all in duty bound
to protect the system of exploita-
ton.
This is why you can get no re-
lief from "things as they are" nor
from the men who run the show.
You are bonded-bound hand and
foot. You are mortgaged-you and
your children-until the system is
changed. If it is not changed, then
! tho ,ooo 80 b1xoJoI g.