And
that Julian Ralph stuff that appeared in that same weekly lately is more
of that peculiar kind of news that is being constantly ground out by the
capitalistic sharks to catch the unwary, and was paid for by Spreckels
- another Moses, that has come to the succor of our beleaguered coast.
The "Journal of Civilization" is a fit organ for the millionaire
corruptionist and the civilization that he is degrading) - and although
they have gone over the ground again and again since that report was
made, the maximum estimate is still well inside $100,000,000. Yet they
now want to issue $100,000,000 in stock; want the people to guarantee
principal and interest on $70,000,000 of bonds, and the right to issue
$30,000,000 of bonds themselves. No wonder it was called a steal on the
floor of the Senate. The public treasury will ever be the objective
point of such wholesalers until the inducement is removed. Humanity,
Honor, Patriotism, each and all are powerless before this all
conquering appetite of Individual Greed.
What can such people as they care for this people, their country and its
benign form of government? What use have such as they for a government
that denies them the title that distinguishes their kind over the sea?
Ay, what is to prevent them from using the vast power that goes with the
wealth they are absorbing day by day, and to gratify the one unsatisfied
wish of their purse-proud and selfish souls, and establish an Empire in
place of the Republic? The Republic is but a shell and their work would
be easy.
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