Frenzied Finance, Vol. 1: The Crime of AmalgamatedLawson, Thomas William
History
Frenzied Finance, Vol. 1: The Crime of Amalgamated
Lawson, Thomas William
Amalgamated Copper Co.; Gas companies -- Massachusetts -- Boston; Insurance -- United States; Speculation; Standard Oil Company
Such things occur because the "System" has so far been able to keep the
public in ignorance of its doings. On the surface there is nothing to
suggest that a set of vampires have captured the high places of finance
and are sucking away the life-blood of the nation. Our banks and trust
companies all present a fair exterior and apparently are the same safe
and honorable institutions they were before the canker fastened on them.
Only its votaries know what the "System" is, and their way is the way of
silence and darkness. A tie, stronger and more effective than the oath
of the Mafia, binds them to its service, and woe be to him who dares
divulge its methods. He who is bold enough to enter upon a recital of
these secrets must be strong indeed to withstand the bribes to silence
which would be placed in his hands. The "System" can well afford to pay
any price rather than be brought face to face with its past, with an
enraged people for referee. And even if the being be found who will
venture an expose of the conspiracy, he will find it strangely difficult
to get his story past the traps and pitfalls which will be placed
between it and the people for whose enlightenment it is intended.
CHAPTER III
THE FUNDAMENTALS OF FINANCE
Finance is easy enough to comprehend if it be explained, but so long as
an explanation is deadly to the interests of the men who control it, one
can be sure none will be offered. There is no term more common to-day
than "trusts," and we are surrounded by "trusts," institutions whose
workings during the past twenty years have awakened intense public
curiosity to know what a "trust" is. Yet there is not extant a
definition of a "trust" which conveys to the rank and file of the people
any real idea of what a "trust" is. So vague is the general
understanding of the "trust's" functions and purposes that the most
intelligent and honest statesmen struggle and hopelessly flounder when
they attempt to define them, and we have at the present time the able
chief of our nation talking of regulating them by law, when, as a matter
of fact, a "trust" is, top, sides, bottom, outsides, and insides, an
absolutely illegal institution, created outside the law, existing
outside the law, and having for its purpose the performance of those
things and only those things which the law says cannot be performed
legally. Imagine our law-makers gravely meeting to make laws for the
control and regulation of the pick-pocket or burglar or counterfeiting
industry, or endeavoring to prescribe legally the times, places, and
amounts of national bank defalcations, or the kind of ink, paper, and
pens which must be used by forgers in the pursuit of their
profession--imagine it!
Public-domain text, read in full here on John Shaqi.
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