enzied votaries,
and who are ignorant of "made dollars"? Let us see. We will take five
national banks in different parts of the country, each having a capital
of $200,000 and deposits of $2,000,000. One is in the farming district
of Kansas; another is in Louisiana in a cotton district; a third is in
the orange groves of California; in the mining district of Montana is a
fourth; the fifth in the logging and lumber country of Maine. These
$10,000,000 of deposits represent savings earned by the type of men who
have made America what it is, and who laugh when they read in their
local papers: "Panic in Wall Street; stocks shrink a billion dollars in
a day." "Fools and their money are easily parted," they say, "but Wall
Street gets none of our honestly earned money." Now the officers of
these five banks are honest men and they know nothing of the "System,"
yet the day of the panic they each telegraph to their Illinois
correspondent, the big Chicago bank, "Loan our balance, $200,000, at
best rate." That day the Chicago bank with similar telegrams from
forty-five other correspondents in various parts of the country, wires
its New York correspondent, the big Wall Street bank, "Loan our balance,
$2,000,000, at best rates."
Thereupon the great New York bank sends its brokers out upon "the
Street" to loan on inflated securities of one kind or another which its
officers, the votaries of the "System," have purchased in immense
quantities at slaughter prices the millions belonging to the Chicago
bank and to other correspondents of its own in Cincinnati and Omaha and
St. Louis and other big cities. The decline is stayed, and then the
world learns that the panic is over and that the stocks, of which the
people have been "shaken out" to the extent of a billion dollars, have
recovered in a day $500,000,000 of it, and that probably in a few days
more will recover the other $500,000,000. Who has _recovered_ this vast
sum? The people who had been "shaken out"? No, indeed! The votaries of
the "System" have made it--they and the frenzied financiers whose haunt
is Wall Street, and whose harvest is in such wreckage.
The part that the five little banks innocently played in this terrific
robbery was unimportant. What is important is that it was the funds of
their depositors and others like them which the "System" used to turn
the Stock Market and make an immense profit out of the recovery of
values. It is true the banks received but two and one
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