rred were sold to the public at over
$100 per share, and that 5,500,000 shares of Steel Common were sold at
over $50 per share, or nearly $300,000,000, and that months later, when
the people were compelled to resell to the "System," they could get only
$50 for this preferred stock and $10 for the common, while the
$551,000,000 of bonds depreciated in value over $100,000,000 more. What
this critic desired to say was that, at the present price of Steel
stocks, no such loss as $500,000,000 is shown, which proves my
oft-repeated contention--the "System," having "shaken out" the public
and acquired their holdings at fifty and ten respectively, is now
engaged in putting the price back to the old figure, intending to repeat
the robbery process later. A votary of the "System," whom I know quite
well, said to me a few weeks ago:

"Lawson, you keep chasing 'Frenzied Finance' will-o'-the-wisps while the
rest of us are pulling in the dollars, and see where you will come out
in the end. Look what I've done: I sold 200,000 shares of Steel Common
for $8,000,000. It cost me $3,000,000. I made $5,000,000. I then
'shorted' 100,000 at $50 and bought it back at $12. I made $3,800,000. I
then bought 300,000 at 10. It's now 30. When I sell out at 40, I shall
have $9,000,000 more, making $18,000,000, without turning a hair or
risking a dollar. With prizes such as these a man can stand a lot of
frenzied hard names, can't he?"

THE REMEDY

As I have explained on another page of the "Critics," my Remedy cannot
be dealt with save at considerable length and with living, tangible
illustrations. I have purposely abstained from starting it until I have
the American public educated to the point of comprehending its value and
appreciating its practicability so far as to be ready to put it into
operation. During the year I have had thousands of letters in regard to
it, the following being a fair example:

TOPEKA, KAN., January 5, 1905.

_Dear Sirs_: I have followed Mr. Lawson's article very
closely and, as I understand it, he intimates that he has a
remedy for the rotten condition of affairs now prevailing.
What I, and many more of your readers, would like to know
is, whether Mr. Lawson, in offering a remedy, is taking into
consideration the 22,000,000 people of the country who
neither invest in stocks nor hold any amount of insurance,
or is his remedy meant merely to protect the four million
sm