It is an essential part of the merry game which these Captains are permitted to play that they shall always have in their hands the means alternately to inflate and contract the currency, at any given point, say, for example, New York. With the mints restricted to the coinage of metal for private persons, and the hands of the Government tied to a fixed issue of greenbacks, while their own hands are free, the mischievous elasticity which they employ for the success of their operations is easily acquired by getting command of the principal banks of issue. The moment they press their fingers on this button the market immediately responds by throwing its stocks overboard; and the moment they release the button, up rise the stocks again. It is by means of this simple mechanism that the public has been plundered, and that it is now planned to plunder the companies. That there is no longer any art in the trained motorman’s vocation is proved by the small wages he commands. The art is in providing the power and controlling the mechanism which drives the cars. In the Captains-of-Industry game the power is derived from the elastic bank issues: the mechanism consists of certain banks and insurance companies and the Stock Exchange. Given the power and mechanism which these establishments furnish, any bandit could work the game and have plenty of leisure to spare. The System is automatic. In contemplating this scene of legalized robbery, euphemistically termed “finance,” it will not do to lose our heads. There are banks and banks, there are insurance companies and insurance companies, there are trade corporations and trade corporations. They are not all alike. Some are in the game, as vassals and creatures of the Captains; some are in it, hoping, alas! but vainly, to outlive the Captains and profit by their fall; while others are out of it altogether; good, sound companies, safely managed and cautious to avoid contamination. The banks and other companies last named will not suffer from collapse, they will always continue to be solvent; but they will suffer from a forced conservatism and from an unduly small share of business, until our deluded people wake up and smash some furniture, or until the banks themselves recognize the dangerous part which their own issues play in this pandemonium of rascality. They will then be glad voluntarily to surrender them into the hands of the Government.