prT-n jIMIVIIM1
The Commoner.
16
VOLUME 10, NUMBER If
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ufacttircr buy material, In advance.
Publicity of corporation accounts Is
enforced.
In all these systems, whether they
pormlt Btock gambling freely, as in
London, or confine transactions pret
ty closely to investment, as in
Franco, thero Is ono common feat
uro of safety: the banks of deposit
do not back tho game. In all these
countries recurrent wonder is ex
pressed, whenovor wo have a "panic"
with many failures, with currency
hoarded in deposit vaults and with
ovon tho strongest banks refusing
their legal obligation to cash the
j valid checks of their depositors, that
THE
COMMONER'S
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Amorlcan Motherhood.... 1.00
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Boyfl' World 50
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Black Cat 1.00
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Delineator, Tho 1.00
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Enquirer, Tho 1.00
Everybody's Arasa.lno... . 1.50
Farm and Homo 35
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Homestead
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3.35
3.85
1.85
1.75
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1.25
1.25
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3.25
1.45
1.95
3.25
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3.G0
1.75
1.G0
2.10
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2.00
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1.25
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1.G0
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1.G0
1.85
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2.00
4.25
3.50
1.50
1.70
2.1 p
1.G0
1.35
we allow stock gambling thus to im
peril tho national prosperity.
With all tho force of its $90,000,
000 invested in exchange "seats,"
and many times that sum involved
in other ways; with all its influence
on country banks, on railroads, on
Insurance companies and on manu
facturing trusts; with all its social
prestige and political power, Wall
Street will fight a reform of stock
gambling. And, however disguised
by lofty words, its reason for fight
ing will be that it can do a bigger
business and draw bigger profits by
using other people's money than it
can if gambling is divorced, as it
should be, from legitimate business.
That divorce is the one essential
upon which tho people should insist.
To its accomplishment the co-opera
tion of state and federal govern
ment is essential. Tho federal gov
ernment should stop the universal
over-certification of brokers' checks,
through a technical evasion of the
law, by national banks in this city.
It should forbid call-loaning to
brokers by the same banks that
handle commercial paper.
But it is to tho state of New York
that tho people will look for the
regulation of the stock exchange.
The functions of broker and room
trader should be separated, so that
no man can at tho same time deal
in stocks for clients and for him
self. Brokers . who pawn their
clients' stock should be sent to jail.
Participation in "wash sales" should
bo a penitentiary offense. Every
bank subject to the authority of tho
state should bo required to choose
whether it will be a commercial bank
or a stock gamblers' bank, and be
forbidden to combine the two func
tions. And then, before Wall Street is
allowed to gamble as it will, before
it is chartered to exemplify the
"function of speculation in regulat
ing prices" of which it boasts, let
every special privilege that is now
thrown about that function be swept
away. Let tho law no longer favor
stock gambling at the expense of
faro and roulette. Let the courts
refuse to onforce stock gambling
contracts, as in London and in Berlin
they refuse. Let tho usury act be
mado as enforceable against call
loans as it is in the case of mortgages
and commercial notes. Let gambling
with other people's money be made
impossible.
WASHINGTON NEWS
(Continued from Page 11)
wero taken today by the executive
council of the American Federation
of labor to present to Governor Mar
shall of Indiana an indictment of
the steel trust hop.niiRo nf niiofi
illegal conduct of its business In that
state, p. j. McAardle, president of
tho Association of Iron and Steel
Workers, reported on labor condi
tions in tho various plants of the
steel trust in Gary, Ind."
Conferees on the Indian appropria
tion bill reached an agreement by
striking out all the senate amend
ments for payments of claims of va
rious kinds, which amounted to a
million or more dollars.
Address all Orders to
THE COMMONER
Lincoln, Neb.
The naval appropriation bill, car
rying $129,037,002, was reported to
the house by tho naval committee.
Ihis amount is about $2,000,000 less
than the department's estimates. Tho
bill provides for a naval increase of
two first class battleships, one repair
ship, two fleet colliers and five submarines.
1 ho bill codifying revision and
amending the laws relating to the
judiciary has been taken up in the
senate for tho first time. The most
ftj the enactment 0
the bill nto law would be the entire
elimination of circuit courts from tho
judicial system of the country, their
duties being devolved upon the dis
trict courts.
which was for salaries paid the men
while at schools.
Secretary of Agriculture Wilson, in
response to an inquiry has forwarded
to the senate a statement showing
the expenditures in tho interest of
the education of forest rangers to
have been $9,566, all but $400 of
Tho judiciary committee of the
house has recommended that a com
mittee of five be appointed to inves
tigate the charge that a ship subsidy
lobby is at work at the national
capital.
La Follette 's Weekly Magazine.
A Journal for THE HOME, and for thoso WHO THINK. An aggressive advocato of -IcgUrmato
easiness, of clean government in (ha Interest of tho common good, of the ennobling of farm llfo, of bolter
conditions forworklngmcn, and of social upllftmcnt.
A PUBLICATION THAT WILL NOT MINCE WORDS OR SUPPRESS FACTS, WHEN
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Address all orders to THE COMMONER, LINCOLN, NEB.
NEW BOOK
A New, Complete Edition of
Mr. Bryan s Speeches
Containing All of His Important Public Utterances
In two handy volumes. You can follow Mr. Bryan practically through
his entire career, from his valedictory oration at Illinois College in 1881
through his early public life, his presidential campaigns, his world
tours, his platform experiences, and his participation in meetings of
organizations devoted to national progress, as well as international
congresses for the promotion of the world's peace.
The subject matter of these speeches covers a wide range of topics,
from the fundamental and vital problems of national and world life to
the highest ideals of human endeavor. A handy means of reference to
the student of social problems of tho present and future.
A Brief Outline of Contents
thInnS2ai? vlunes y win find all his important political speeches on
the Tariff, Banking, Currency, Bimetalism, Income Tax, Money the
Silver Question, Imperialism, Colonialism, Government Ownershfn' Th
Trust Quest ton, Guaranteed Deposits, ElectionT Senator by Direct
yte,TniitIatiV.G an5 Referendum, Labor, 1908 Tariff Speech State
SSSMfc MTsM
Lincoln, his home city at the Whi wLf Arlington, Receptions in
The Only Complete Collection
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thentic, complete and anthoritati the au-
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tion of Mr. Bryan's speeches from s first on ?v?n n,ihH?.?lete ColIec"
present time. bC ontry In public life up to the
Pieces showing Mr. Bryan at various stae ra M?Fei i $' Frntis
tion br his wife, Mary Baird Bryan pS Z ith graphical introduc
binding, prepaid. Bound In hainStberia SB5 I2'25' In cloth
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