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
It is not alone the people who are in danger of being impoverished by
the System, it is not alone that the Government will be jeopardized;
it is also that the banks, the insurance companies and numerous other
classes of trade corporations will themselves be drawn into the nets
that are being spread for them, nets strewn with their own bird-lime,
and delivered over to the scheming millionaires who are preparing to
plunder them. Mr. Lawson wholly neglects this phase of the subject. His
ardor is all for the dear people, to arouse whose righteous indignation,
he informs us, he is expending a fortune. Such reckless munificence,
on the part of a man who ostentatiously advertises himself as the
manager or director of several corporations, goes far toward indicating
the correctness of our position. It is not doubted that Mr. Lawson
sympathizes with the people and is anxious to point out the dangers
that threaten them. On the other hand, it cannot be supposed that he is
indifferent to the fate of the banks and other companies with which he is
connected. The fact is that, having thoroughly skinned the people, the
Captains of Industry are now prepared to skin the corporations, and that
it is going to skin them with weapons plucked from its victims. These
weapons are the notes which the banks have issued in defiance of the
Regalia of Money.
The banks will perhaps more fully appreciate the sort of people they are
dealing with if we interpolate at this point a few words touching their
humanity. The principal, almost the sole lever with which the Captains
of Industry are “working” this nation, is the issue of “National”
bank-notes, and the elastic feature conferred upon it by law. This system
was established by Salmon P. Chase, ex-Governor of Ohio, ex-Senator of
the United States, then Secretary of the Treasury, and afterward Chief
Justice of the United States; a man of the highest integrity, and perhaps
for that reason wholly incapable of coping with Mr. John Thompson and the
other Chevaliers of Industry of the last generation. It will naturally be
supposed that had this class of men the slightest taint of humanity they
would at least have taken care to honor the memory of their principal
benefactor. Well, we will show you how they did it. Judge Chase, after
serving his country in many capacities during a long lifetime, expired
in poverty and in debt; his daughter died of grief and starvation; his
grandchildren are at present living in very humble circumstances; his
personal effects, his books, even the petty keepsakes and trinkets of his
children, were exposed to the gaze of the vulgar and sold at a public
auction in New York to satisfy his creditors, the rapacious Captains of
Industry; while the body of this great but guileless man lies today in an
obscure churchyard, without a tombstone over it. Such is the humanity of
the Captains of Industry.
Public-domain text, read in full here on John Shaqi.
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