And when the issuing of bonds is the only alternative he
issues them in sizes those small incomes can buy.
Their labor pays the debt in the end, and it is their interests that are
first consulted when profits from bond issues are considered. He makes
the size of the bond fit their ability to buy, and not that of the
millionaire syndicate, as is the case in this misgoverned land, where
the matchless ignorance and complicity of the law-maker is made to serve
the matchless corruption and greed of its millionaire master.
No French syndicate makes its five to ten per cent. profits off every
issue of bonds.
Thousands among our toilers could have secured their ten-dollar savings
could they have bought Government bonds of that denomination but they
could not, and were forced to become the victims of swindling bankers.
Individual greed cares nothing for its victims as they are thrown on the
streets and its ways.
When this enterprising foreigner, with his surplus capital, the result
of wise laws, started for Panama to do a much needed work for this
Western world, that this great gold producing country could not find the
capital to do, our blackmailers worked the Monroe Doctrine on him and
all the while he was quieting the rascals, the sappers and miners were
splitting their sides at our treasury door.
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