Tom Watson's Magazine, Vol. I, No. 3, May 1905Various
History
Tom Watson's Magazine, Vol. I, No. 3, May 1905
Various
United States -- Politics and government -- Periodicals
[Mr. Del Mar’s career as a financial writer covers a period
of more than half a century. He was the financial editor
of the Washington _National Intelligencer_, the New York
_Daily American Times_, _Hunt’s Merchants’ Magazine_, _The
Social Science Review_, _The Leader_, _The Commercial
and Financial Chronicle_, and other journals of national
importance. After filling the offices of Director of the
Bureau of Statistics, Commerce and Navigation, Commissioner
to Italy, Holland and Russia, member of the United States
Monetary Commission, etc., he devoted his leisure to a
“History of Money in the Principal States of the World,”
“The Science of Money,” and other works relating to this
great subject, all of which have secured the approval
of the critical press of Europe and America and passed
through repeated editions, both in English and other
languages.—EDITOR.]
In the recent Presidential election the People’s Party inserted in
its platform a principle of such transcendent importance that, were
it generally understood, had its operation been brought home to the
great mass of the people, could its far-reaching consequences have been
portrayed so that everybody might observe them, it would have dwarfed
every other issue on that occasion presented to the country. As it was,
nobody, except the few gallant leaders of the People’s Party, paid the
least attention to it, and the election was decided upon other grounds.
That principle concerned the Regalia of Money, which the People’s
platform demanded should be restored to its rightful owners, the
Government, the people of the United States. It can be demonstrated that,
had this been done, many of the vexed questions before the country, such
as the Monopolization of Industries, the Financial Trusts, the Municipal
Ownership of Public Utilities, etc., would have been placed in a fair
way of settlement.
In a series of magazine articles, which contain much that has the
appearance of being exaggerated, untrue and vindictive, but which
also contain much that is true and susceptible of verification, Mr.
Thomas Lawson has been arousing the public to a sense of the dangers of
the Financiers’ System, the System by which the banks, the insurance
companies, the trusts and the Stock Exchange are employed by so-called
Captains of Industry to despoil the people. After explaining how the game
is conducted, he shows that even those who refrain from gambling on the
Stock Exchange, and who may have no financial transactions beyond keeping
a bank account or insuring their lives, are drawn into it, against their
knowledge and will, and robbed of all the fruits of their labor and
abstinence.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account