money interest in it, directly or indirectly. I have not made a dollar
from _Everybody's Magazine_ directly or indirectly, but, on the
contrary, have spent hundreds of thousands of dollars to assist in
getting my story into the hands of the people.
11. Before my first advertisement in December, at a time when I did not
know how the people would take it, and when I did not know whether
stocks would go up or down, I took my chance in the open of making loss
or profit and did sell large amounts of stock short, making some
hundreds of thousands of dollars profit; but when in the middle of the
disturbance I saw how seriously the people took my message and that
there might be a great panic, I began to buy, and thereby sacrificed a
million of profits. And, since then, that is, after I realized that the
people would respond to my warnings, I have refrained from going short
in advance of these advertisements, because I desire to keep strictly
apart transactions conducted for my own personal account and operations
I am directing for the benefit and safeguarding of the public. I am
determined to use every means in my power to keep the people out of a
dangerous market and to concentrate the billions of stocks in the hands
of the "System," and am not actuated by any desire or necessity for
gain. Already the "System's" votaries are tottering under their load and
it is certain that in the coming months they will employ every possible
means to persuade the public back into their trap. More than ever, then,
is it necessary to be firm against their blandishments, for when the
crash comes it will be a terrific one, and those who have great
holdings of speculative securities will surely find their values cut in
half. Since my first public announcement I have not made enough out of
market operations to pay even the expenses of any particular
advertisement.
12. I shall not commit any crime; I have too much veneration for the
laws of our country; although let it be understood that I may, at any
time, commit what some hireling judge of the "System" may call a crime,
_for I am going to call upon the American people to withdraw their
deposited savings at the proper time; and the proper time will be that
time when I am absolutely sure they will withdraw them. But I shall not
resort to this last move unless it is certain that the "System" cannot
be crushed in any other way_.
13. I will first thank God and then proceed to assist in burying the
|