The Washington times., 1919-10-10
To Curb Wildcat Schemes
Curb Few Respectabilities Also.

Mr.. Thompson, Federal Trade Commissioners.
tells Congress the American people are robbed Of six hun
dsd millions year By wildcat financial schemes he thinks
s should compel sellers Of stocks to tell the public all
ABOUT their companies and themselves good idea.
But wildcat schemes, oil mines etc. are not alone in
tQ1bng the public Three eminenty respectable companies
New YOrkNeW Haven, Rock Island and Interborough-
managed BY eminenty respectable men, stole deal more
nan hVe hundred millions from the people in a short time
g cutting the properties It would be well to pass law
ceng respectable directors Of respectable concerns to
6 The public know about their plans for robng those con-
CsEns When the most distinguished firm of bankers in
NeW York butchers New Haven from more than $500
saEs to below $50 share, that is fairly efficient wild
usting."
Ia this promised era Of perpetual peace are all
kinds Of wars, all kinds Of civil wars, In England
abor fights the government, and Lloyd George who
y wins bis fights denOunces organized labor Prus-
Eanism.
IA America union labor fights union labor the rank
and Gle rebel against officers Longshoremen striking in
Ae York city twenty thousand Of them tying up shipping
ere told By leaders Of their unions that they have broken
word and had no right to strike So they catch one Of
e leaders and beat him into insensibty 20 convince him
that they ought have 81 an hour and 50 for overtime no
matter what may have been promised on their behalf ItI
s 8 fighting period.
The stock market thinks the steel strike has
pson BY the big steel companies and says so y put
ing up the price Of 'ssteel common Stock market i1dg
n is usually sound but sometimes it goes far in the
WEong direction.
4cr instance, TWO or three Gays alteF AF. Wilson was
elected President you could find scores Of wise stock
market anxious to bet five thousand against one
thousand that Mr. Wilson was defeated
Sometimes wanting thing makes you think that the /
thing is reality. Beware Of unfOunded yeaTnngs.
They are having an industrial Farley" here.
The idea is see what can be done to make labor love
capital capital love labor, and stop their fighting.
Fifteen ladies and gentlemen have been chosen 70 do
he discussing five Of them labor Representatives. many
when you consider that labor represents large majority Of
ths total population.
The discussion is interesting well worth WHILE because
it viii stimulate thought and bring out ideas But as
regards definite results it is of course entirely without
meaning.
You are aware that some days after life begins and
before birth, you could not tell human being from any
Of half dozen inferior mammals A commission to
discuss and plan the future Of that primitive creature could
not change much It would develop along lines planned
lang before the commission met
commission to decide what is to be Matched out of
tie present egg Of industrial of captastiC and labor sgi
tsi0n viii not decide anything Such things grow they
not changed by discussion Discussion however pre-
ares the mind for various things that may happen and
preparation is desirable.
Congress Is considering the establishment of
sree ports" on this continent As means Of competing
with foreign countries and giving people in this country
more work, the free port is good idea.
The free port is port Of the country set aside into
which materials may be brought without paying duty,
transformed and made more valuable by the application of
human labor and shipped out to compete in the worlds
markets.
number Of great corporations have planned for free
port development. They would bring in materials
sppy American labor, and ship the product out keeping
% this country the money for the work It is good idea