The Bottineau courant. (Bottineau, Bottineau County, N.D.) 1895-1929, 1922-04-06
DR.. /. /. LADD's \.
:. WEEKLY LETTER
A. Wall Street Defense

e. A. Wall Street Defense
Wall Street believes in a system.
Wall Street has always believed in a
system, always will but Wall Street
always believes in her own system.
Whenever that system is attacked the
Wall Street always puts up vigor-
ouus defense. Wall Street seems to
feel that the Street possesses pecu-
liar proprietorship in the Republican
Party, notwithstanding the fact that
great many members of that party
held an entirely different view. When
ever anyone, or anything, that pos
sesses a. semblance of affiliatiop with
the Republican party attack the Wall
Street system, Immediately the Street
rebukes and takes to task. Wall Street
is never dilatory in her defense.
The Honorable Thomas jefferson
s"-- - !. r' ""~'e dcn'- &c, think ~
1nemper # conpres" .. ~" 80"
and in this instance stranger still.from
me ylrv or New To-I. has Introduced
bill in Congress H. r. 10S90. provid-
ing for the issuance Of legal tender
notes to take care of the soldiers bon
us allowing $1,000 to each one who
embarked for overseas duty and $500
for each of the others. His bill pro-
vides for the issuance of this money
by the Government and payment in
cash OF the same to the soldiers, sail
ors and others who are entitled to the
adjusted compensation. This money
would not bear interest but would be
medium of exchange of equal value
with any other money of the United
States of America. Mr.. Ryan would
provide for it's retirement by taking
out of the "import duties collected by
the u. S. annually for period of rs
years an amount equal to per
centum of the total amount of such
bonuses paid"
This would pay in part what the
nation owes to the men who risked
their all in defense of our country and
place back in the hands of the farmers
business men and laborers an amount
of money approximating the amount
that has been forced from circulation
by the iniquitous policy of Drastic
Def1ation" that has been vigorously
carried on for the past two years The
people would save something with
which to pay debts and do business
and there would be a return to pros
perity. There would be no expense to
The Government, save the nominal cost
of the printing and distribution of
the money. With our enormous Gold
Reserve, (if the Government actually
has any interest in it, if not it is time
we recognize the fraud imposed upon
the American people by the interna-
'onal bankers who control the situa-
tion) we would still have a greater
percentage of gold behind the money
than in circulation than we had at the
time when the Federal Reserve Note
circulation was at it's peak. Further,
our money would then have a greater
percentage of gold behind it than the
money of England now has.
But now, this interiors with the
Wall Street policy. Wall Street does
not want any money among the peo-
pie. They have gone to great deal of
trouble to deflate the people and make
them submissive to monetary control.
This would put them back ON a basis
where they could again do business
and, for time, not be subjected to the
ravashings of Wall Street, and where
their products could not be wrenched
from them by fictitiously driving
down property values.
Therefore Wall Street entered her
defense and her rebuke. In the Wall
Street Journal for Monday March 20,
1922, Wall Street protested. ''There
is one Republican Representative,
sent to Washington by the Fifteenth
Congressional District of New York,
Thomas Jefferson Ryan, who should
not be reelected next November, OF
until such time as he acquires an ele-
mentary knowledge of the principles
Of the Republican party" So says
the Wall Street Journal, which ap-
parently places it's interpretations
upon the principles and teachings
of the Republican Party"
The Journal seems to admit that
Mr.. !. Ryan has a degree of intelligence
and that he left Fordham University
with "a "creditable record" but the
chief complaint seems to be that Mr.
Ryan has elected to use his intelli.
| gence for, the. people instead of fol
the Wall Street system. ss,.s.,,s 2.
Congressman Ryan lis not ole
enough to remember conditions whez
Coxey marched on Washington, /" says
the Journal and continues, perhaps
that is why Mr.. Ryan proposes to re
establish similar conditions" The fac
is that what Mr.. Ryan proposes to dt
/ will not bring about the same result.
that existed when Coxey marched OF
| Washington. Rather Wall Street, j.
that method that brings the countr.
to financial beggary. The country hat
been deflated when Coxey marched OF
Washington, there was no money il
circulation among the people Wal
Street had gathered it in. Coxey dit
mot create the condition, he simply ad
yertised it. The press of the countr.
was under such perfect discipline tha
1 il dared not let the people know thei
Icondition. Coxey's action forced atten
/ tion to conditions that existed. Wal
q Street was responsible for the deflat
I ed condition Of the country at tha
Jlss a1.s