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
My desire in writing the story of Amalgamated, while tinged perhaps with
hatred for and revenge against the "System" as a whole and some of its
votaries, is more truly pervaded with a strong conviction that the most
effective way to educate the public to realize the evils of which such
affairs as the Amalgamated are the direct result, is to expose before it
the brutal facts as to the conception, birth, and nursery-breeding of
this the foremost of all the unsavory offspring of the "System." Thus it
may learn that it is within its power to destroy the brood already in
existence and render impossible similar creations.
In the course of my task I shall describe such parts of the general
financial structure as will place my readers, especially those
unfamiliar with its more complicated conditions, in a mental state to
comprehend the methods by which the savings they think are safely
guarded in the banks, trust and insurance companies, are so manipulated
by the votaries of frenzied finance as to be in constant jeopardy. I
shall show them that while the press, the books, the stump, and our
halls of statesmanship are full to overflowing with the whys,
wherefores, and what-nots of "tariff," "currency," "silver," "gold," and
"labor"; while our market systems are perfected educational machines for
disseminating accurate statistics about the necessaries and luxuries of
life, the water and land carriers, real estate, and other material
things which the people have been taught to believe are the only things
that vitally affect their savings; that while they imagine they
understand the system by which speculation and investments are
controlled and worked, and that the causes and effects of this system
are at all times get-at-able by them through their bankers and their
brokers; there is a tangible, complicated, yet simple trick of financial
legerdemain, operated twenty-four hours in each day in the year, and
which the press, the books, the politicians, and the statesmen never
touch upon--a trick by means of which the savings of the people and the
public funds of the Government, whether in the national banks,
savings-banks, trust or insurance companies, are always at the absolute
service and mercy of the votaries of frenzied finance.
Public-domain text, read in full here on John Shaqi.
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