The first provided that the Association borrow $5,000,000.00 for the
purpose of constructing a transcontinental railroad and issue bonds on
such road bearing three per cent interest per annum and running for
twenty years. The second recited the moral obligation of the Association
to assume certain municipal bonds which had become valueless and to pay
for the same, setting forth also the fact that as long as these bonds
remained unpaid the territory formerly occupied by the cities of
Lewiston, Boise, Ketchem, Shoshone and several others would be
valueless. It then provided that the Association pay for these bonds at
the rate of fifty cents on the dollar in five years from the passage of
the law. The third provided that all industrial orders be retired and
that all labor be paid for after January 1st, 1907, by labor checks
which would be non-transferable.
While these three laws were to be submitted separately for the voters to
pass upon, they were attached to one petition. The law permitted this
action at that time, but as soon as possible after this abuse was
discovered the Legislative Council corrected the plain defect so that
each law must be supported by a separate petition in order to obtain a
reference to the people, and the correction was so obviously proper that
it has ever since remained the law.
I made no doubt when I saw this petition that the white saint-like
personage, Lester Hickman, was an agent of some English syndicate, and
that this whole scheme had been set on foot by him to get the municipal
bonds of these several cities paid.
Some time after I learned that I was correct in this surmise. His
syndicate had procured the bonds referred to for a mere nominal sum, and
hit upon the plan of loaning the Association $5,000,000.00 and getting
the bonds paid at the same time. As for the proposed loan, it would have
been as safe as the bonds of the nation, and the entire financial world
so regarded it. Why not? The Co-opolitan Association was absolutely
solvent and was looked upon as enormously rich.
Hickman was a shrewd agent. He had amassed great wealth for himself, and
was as artful as any living man in inducing men to part with the fruits
of their industry without receiving due compensation. In approaching the
Co-opolitan Association he donned the sheep’s clothing of an adviser and
advocate of co-operation, and went immediately to the ministry and
preached morality. With them he succeeded.
Those who best understood the theory of morals and could preach it in
all its purity were least able to discriminate between the spurious and
the real. Hickman belonged to a class of artful tempters who have done
more to enslave mankind and degrade morals than any other. Members of
this class go forth daily from our great cities to lobby in legislative
bodies, bribe judges, corrupt city councils and induce the
representatives of the people to give away valuable public privileges or
part with public utilities.
Public-domain text, read in full here on John Shaqi.
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