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About The independent. (Lincoln, Neb.) 1902-1907 | View Entire Issue (Aug. 25, 1904)
AUGUST 25, 1904. THE NEBRASKA iriDEPEMDEf7 PAGE 13 which dollars are made from nothing in unlimited Quantities subject to no laws of man nor nature." And then to illustrate this "system," he sets forth the following illustration. It is presented entire for it all makes good reading. Here is the "system": "1 can better set before my read ers this trick of finance by which 'made dollars' are brought inUi exist ence by an illustration than by any process of definition. Let us suppose that the United States government at Washington, the only power legally entitled to issue money for circulation among the people, puts foith a par ticular $10,000. All the conditions pre scribed by law have been followed, and all the people in the country are bene fited by the issuance and . circulation of this particular $10,000, each in the proportion the laws prescribe. " 'B a western farmer, tills his soil and receives, by the sale of his wheat, the particular $10,000, which he then deposits in The Dank. The Bank, being a part of the govemment machinery, only receives, holds, and uses the $10,000 under safeguards pro vided for by the laws of the land, so hereafter 'B's' material life is con ducted on the basis that he is the full and actual possessor of $i0,000. He knows, further, that his $10,000 can ' not be expanded nor contracted, nor ' its relation to any of the other man ey of the people, .which is in circulation, changed without his', knowledge, be cause he knows it can not be changed - but by the government. I say he knows this he has every right to be lieve he knows it but, in fact, it is not so, because of the working, of the se cret financial . device of the Private Thing. At this stage enters 'C the Private Thing. "'C purchases with $3,300 ('B's money) which he borrows -from ' The Bank, a copper mine, depositing the ti tle which he receives from the seller with The Bank as collateral for - the $3,300 After purchasing, hearbitra rily calls the copper mine worth $10, 000 arbitrarily because his act is not controlled nor regulated by any of the laws of the . land arbitrarily because the actual cost, $3,300, is his secret and his alone. Then, arbitrarily, 'C organizes his $3,300 of copper pi operty into the Arbitrary Copper cojnpany, and issues to himself a piece ot paper, which he arbitrarily stamps 10,000 stock dollars. This he takes to The Bank, and . by loan "or other device exchanges it for the remaining $6,700 belonging to 'B,',' and thereafter. ",'Cr conducts his affairs on the basis that who has contracted for new machinery and other necessities and luxuries, to be paid for 'next season attempts next season to turn his 10,000 stock dollars into real dollars, and 'C the Private Thing, knowing their real value to be but $3,300, refuses to make the exchange, but instead, by pro claiming their real value, compels 'B who must have real dollars to meet his debts, to sell them for what 'C,' the Private Thing, is willling to pay. C the Private Thing, is willing to pay their worth which he alone knows is 13,300; he repurchases them at that price from 'B,' that he may repeat the operation at the return of the next 'wave of the country's prosperity. "By this operation 'B,' the farmer, has lost a3 absolutely as though they had been taken away from him by a government decree, $6,700 of his own making, and . 'C.' the Private Thing, has 'made' as absolutely as though the government had allowed him to coin them for his own benefit, 6,700 real dollars, and The Bank, created, regulated, and controlled by law, and ' existing because of the people's de posits of money, has been the instru ment by which 'C the Private Thing, deprived 'B the farmer, of his sav ings, because -'C the Private Thing, is at one and the same time during the operation I have outlined, himself and The Bank. "A careful-study of this illustration by even laymen unacquainted with fl nancial or corporatien affairs, will clearly show that the foundation of this transaction was The Bank's put ting in jeopardy; $3,300 of 'B's', de posited $10,000, and that if the $3,300, after being put in jeopardy, had been the loser, which, in turn,- means that the compensation for the jeopardy in which the $3,300 was placed yas tbo possibility pf $6,700, profit, aodjthat, therefore, the $6,700 profit when made should have gone to the owner of the 13,300, 'B "instead of to C the user of it. It is, therefore, in this sense that I shall use the term 'made dollars' wherever they are 'made or 'un made' by one. set of men using the dollars of others without the others knowing they are being used, and where the result of such use is that when dollars are 'made they are 'made' by the ones who use others' money, and where dollars are 'un made they are lost by the ones who own the dollars which they don't know are being used." - And so having given the key to the "system," he proceeds to show that exactly as in . the foregoing outline, he is the possessor of $6,700, his madei VoHo1 nHrr hanV nt Vam Vrtt. dollars' in the transaction. stage there is actually" in use among the oeoDle S16.700 where 'B the farmer, the legitimate factor and his kind, the neople. suppose there is city, proceeded to fleece "B," the pub lic, of their earnings, to the extent of $36,000,000 at a single sitting. And hero is the way Tie sets it forth, his description being so graphic, showing tat ?10,000-$W,000 which is recorded, J , J" ' ' legitimate factor, 'B' and The Bank, and $6,700 which is unrecorded and unknown to any but 'C and The Bank, being used by the illegitimate Private Thing C "Right here is the secret device, the financial trick, by which the greatest power in the land has been created, and by which the people can be abso lutely plundered of their savings for the benefit of the few; "At this stage the - two-thirds of 'B's' $10,000, of which he later is to be plundered, has not been actually taken away, so he can not possibly have any evidence yet of the process - of plundering him which has been be gun, or that the volume of money which he supposes is all that exists has-been tremendously expanded. The next step Is where 'C sells his $S,S00 stamped '10,000 stock dollars' (which, as already shown, he has exchanged with The Bank for the $10,000 de posited by 'B'), to B for $10,000, 'B' withdraws from The Bank by sim ply making out a check In favor of 'C ('B's' inducement to exchange his dollars for the stock dollars of 'C is the high rato of interest that they will return In the form of divi dends, which rate Is much larger than The Bank can afford to pay.) C' de posits 'BV check with The lUnk and hereby liquidates his $10,000 Indebted ness to The Bank. "At this stage "IV is still the posses sor of $10,000, but It Is '10,000 stock dollar." C' U the possessor of $6,700, and 'P from whom the copier mine was purchased, 1.1 tho poiwtir of IX 300, but the two latter amounts make up the to,(Jf() nal dullard, and The Hank remains where it wai at the beginning of the transaction.. The peo ple, however, are mi wiser, but they know, becaus they bavn liern mwt carefully rduratrd to muh know take by 'CV ant. Wall Mreet, and the rrrM. that their country Is tremen dously prwruuthat It prat pres. rarity U evldmed by th $,.) na.Unl wraith In the form of 6.700 new utmk dollar. At the next Maste the ftnan rial trhk amuntlubM by the iirrH detke Is compute, 'D the farmer, of paper checks dollars magically 'made dollars Exit office boys and lawyers. The door closes silence again. Then the air vibrates with the sound of a hearty hahd-slap and the genial, whole- souled greeting of the 'Master' to his partner. 'William, I feel as though I had done ,an honest day's labor! Thirty-six million dollars "made" and no hitch, no dela"y!' Then follows the partner's mild answer: 'Yes, Harry, but don't forget James's and the others' shares will shrink it up quite a bit "Thirty-six million dollars for one honest day's labor! Thirty-six million dollars and Alaska cost us but four teen millions and Spain relinquished to us her claims on the Philippines for only twenty millions. Thirty-six -million dollars! more than a hundred times as much as George Washington, Thomas Jefferson and 'Abe' Lincoln together secured for the patriotic la bors of their lifetimes. And this vast sum was taken from the people to en rich men whose coffers were already, as the results of similar operations, so full of dollars that neither they nor their children, nor their children's children could count them asthe peo ple count their savings, a dollar at a time as thoughtlessly taken as arc the apples that the school boy steals after he has eaten so many that he can eat no more. "A thousand times have I tried to figure out in my mind what worlds of misery such a sum of. . millions might allay, if issued by a government and intelligently distributed among a people and do my readers know that never in the world s recorded history has any nation felt itself rich enough to devote thirty-six millions to the cause of charity even in the midst of the most 1 awful calamities , of Are, flood, war. or pestilence? On the oth er hand, I have had to know about the horrors, the misfortunes, the earthly hell, which were the awful cbnsecmences of the taking of this vast amount. 1 have had to know about the convicts, the suicides the broken hearts, the starvation and wretchedness, the ruined bodies and lost souls which strewed the fields of the 'system's' harvest.' "Can it be that a just God suffers our sons and daughters to, eke out a bare existence as the best reward of earnest effort and sterling .worth,. and at the same time rewards' these other men with $36,000,000 "for one day's labor? . - -: "Pondering air these things, I have ceased to wonder at the deep murmurs of discontent that are rising, rising to my ears from all parts of the conti nent." The real value of Mr. Lawson s se ries of articles lies in the fact, not so much that he reveals the inside work ings of the game by which certain gamblers have ruined certain other gamblers, but in the fact that he re veals the game itself. As between eamblers: the public is little con cerned. Every time any one engages in the manipulations of the stock ex change, he deliberately intends that he will get something for nothing. It does not matter , to him who may be the loser. ' All he desires is gain. As no one can possibly gain, anything in this way, except by getting what some one else has lost, it is certainly mis placed sympathy that spends Itself on the loser. Every one in the game trle3 to undo some one else.-lf ho fails to undo some one else, he deserves no sympathy, as whichever way it goes, some one must be the loser. ; But those who are so shortsighted" as to sup nose that millions are hoarded by sin gle individuals by legitimate means, will receive much very needed In struction by a perusal ot Mr. Lawson's articles. LI MIME NT. IIEALC tviTiioutrn ecAn w:u mm tfcTrt pain of barb wiiVtB' at once: take away a oreaeta, o4 bull without a tear. Cetll joo ask more? .j uwwu jut un or betrt. Sold on poaiUva """ ruarante of mona ack If not satisfied. If vour drucaist cannot supply yon aak him to order at onco of hia ioh- fher. la e twenty yean. MHUMCTWItIO !? HAULER PROPRIETARY CO., BLAIR, NEBRASKA ONT BC .WITHOUT IT. 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Lincoln, Neb, long association with the pirate horde, the milk of human kindness has not been "churned to limberger cheese and in whose heart a strong sense of justice still lingers, that we reprint it entire; "In showing how thirty-six millions were made in the brief space of this creature's (Amalgamated Copper's) life, I . deal with reality and not ro4 mance, but let my readers for a mo ment give their imaginations play and picture to themselves one scene in this stupendous drama. A great room in the greatest banking house in Amer ica, if not in the world silent, solemn anv atmosphere of impregnable rec titude the solid furniture, the heavy carpets, the chill high walls, the mas sive desks, the Impressive chairs, the great majestic table porteutoualy sug gestive of power. Presto! the dim calm is .broken; the air vibrates as when an ancient church is invaded by a swarm of vampire bats. Into the great room enter a group of men and'a flock of youths, who settle In the-impressive chairs round the ma jestic table. You wonder what Is the motive of the assemblage. ' These grave lawyers, whose names are weighty in the nation's councils, and thee gray-haired, dlguifled financiers might well bo gathered to arbitrate a dispute Involving emblres, but why thefio office boys and clerks, with their state, at the low price of $C.!i0 to $12.50 resufiw, iiurpna eyes anil uneasy gesture!!? The flourishing of parcr;, the murmuring of voices and a eon- rusion or seventy-rive million 'we buy 'wo sell 'we are 'we wlll.- wonfa, nothing but word; thn silence a one read from a stiff parchment certain rroIntlrmn hU h tli suav Kcuttcman with InvUtve stwl-cllt klua m&unrr at the Mm m the table, puu to a vot. Thn thc ynuthM, who aotN ar afire with the hojw rf a dl- ret-tor' to f?uM f. timidly $n h rwwd, trembling tho whlla I t a ,ot rail down on tlim a nfttllltist: a hal derk. whos.fondrt dream u rl of Bttlary a tl result tf tomlns un dr th Matter i I'ye la a B'Vf nly-flip- muUon-tluiur ileal, ann 4 at &l. and there It An exduuflng cf thtu iliri, Cancers Cured Why suffer pain and death from can cer? Dr. T.'Connor cures cancers, tumors and wens; no knife, blood or plaster. Address 1306 O St Lincoln, Nebraska, LINSEED OIL PAINT finsrtsleeJ For fire Yeai. In The-Kansas Wheal Belt 1 We Offer Cheap Lands at Menlo.' Tliomas County, Kansas. It's tho richest upland soil In the per acre on ten years' time at 6 per tent interest, one-tenth cash, first payment. If you want to buy a farm. come, to Monlu end hnjk at our grow- ng rrop. Cheap ratiioaI rate on the first and third Tucadays In tah month, cne faro flnai $2.00. Dcta Bros., l,!;n!o Kansas. t ajt It will be to your advantage If you get our price list and color cards before you buy your paint We can save you money. We give a written guarantee with every order, Special attention given to paint crs and contractors trade, Wrlto us today. Nebraska Paint & Ld Co Lena Distance Phones 474 ana) 2474 303.300 O Street Lincoln, Nebraska roiTUHT I'LATKOUM.S And thofii it ail other parti. wmpMt, tiulu.lUit? thiM if mu Vtki tnM. paid, 20 Addrt4 The (odepcudeut, 1 1 y addri'K for 2" cental, I Vl. I ........ I t 1 lnn,.tn M. t. I.IUVVIU. All the national put tor me of ail political parties ulnna the ornanlatlon of the rrjut!ic-the I'latfurui Text- book-a vatuatltf tiKk tor etudente c t jKlitlcit blntry, will le nt iHMitpaM dc; j;Jnt, Uncwln, Ntb.