This feat, however, was easily accomplished. Wall Street reached out
its hand and plucked down the American eagle from his perch. Wall
Street got possession of the government. The _coup_ was accomplished
while the nation was asleep--else it never could have been
accomplished. Wall Street climbed the Tarpeian rock in the night, and
no goose cackled to give the alarm. Columbia had gone to bed. The
keeper of her treasure-house had already given the key to the enemy.
The keeper of the treasury was a _part_ of the enemy. He gave up both
citadel and city. In the morning the walls were placarded with lying
posters which said that the delivery of the government into the hands
of the Hessians had been rendered necessary in order "to preserve the
national honor!" It was done in order to keep faith with those
benevolent patriots who had bought the debt of the nation at less than
fifty cents to the dollar, and who, not satisfied with bringing it to
par, were now engaged in the honorable work of making it worth two
hundred cents to the dollar. The fact that the industries of the
people would be crushed and the people themselves be reduced to
poverty by the transfer of the national sovereignty from the capitol
to the stock exchange was nothing in comparison with the "preservation
of national honor."
The scheme was carried out. The methods by which it was carried out
constitute the subject-matter of the true history of Wall Street
during the past generation. Wall Street, from being a financial
organization, became a political power. It took full possession of the
executive and legislative departments of the government. It controlled
them both. It promptly established and defended its ownership. It
instituted one scheme after another. For the purpose of fortifying its
usurpation, it learned to choose its men and to prepare its measures
in advance. In 1884 it created an administration for its own purposes,
and manned it to the same end. It forced its way into the House of
Representatives and stood with a bludgeon behind the Speaker's chair.
It entered every committee-room and dictated every successful bill.
The people's bills all went one way. If by any chance one of the
people's bills got before the House the subsidized press, owned by
Wall Street, raised against it a chorus of groans and catcalls; _that_
was "an expression of public opinion"!
Public-domain text, read in full here on John Shaqi.
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