167 lines
6.7 KiB
Plaintext
167 lines
6.7 KiB
Plaintext
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Conspiracy Nation -- Vol. 11 Num. 10
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=======================================
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("Quid coniuratio est?")
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FRENZIED FINANCE -- II
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======================
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[Synopsis of *Frenzied Finance* by Thomas
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W. Lawson. New York: Ridgway-Thayer, 1905]
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-+- "The System": Finance & Management -+-
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Amalgamated Copper was begotten in 1898, born in 1899, and in the
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first five years of its existence plundered the public to the
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extent of over $100 million.
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It was a creature of that incubator of trust and corporation
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frauds, the State of New Jersey.
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Its entire stock was sold to the public at an average of $115 per
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share, and in 1903 the price had declined to $33 per share.
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>From its inception it was known as a "Standard Oil" creature,
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because its birthplace was the National City Bank of New York
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(the "Standard Oil" bank), and its parents the leading "Standard
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Oil" lights, Henry H. Rogers, William Rockefeller, and James
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Stillman.
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"Standard Oil" has from its birth to present writing been
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responsible for more hell than any other trust or financial thing
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since the world began. Because of it the people have sustained
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incalculable losses and have suffered untold miseries.
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At the lower end of the greatest thoroughfare in the greatest
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city of the New World is a huge structure of plain gray-stone.
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The building is No. 26 Broadway.
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26 Broadway, New York City, is the home of the Standard Oil. Wall
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Street and the financial world know that there are two "Standard
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Oils," but to the public there is no clear distinction between
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Standard Oil, the corporation which deals in oil and things which
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pertain to the manufacture and transportation of oil, and
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"Standard Oil," the giant, indefinite system.
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Standard Oil, the seller of oil to the people, transacts its
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business as does any other corporation. It plays no part in my
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story and I shall not hereafter touch upon its affairs, but
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confine my meaning, wherever I use the name "Standard Oil," to
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the larger and many times more important "System."
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The three main men of "Standard Oil" are Henry H. Rogers, William
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Rockefeller, and John D. Rockefeller.
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There are eight distinct groups of individuals and corporations
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which go to make up the big "Standard Oil":
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(1) The Standard Oil, seller of oil to the people, which is
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made up of many sub-corporations either by actual ownership
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or by ownership of their stock or bonds;
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(2) Henry H. Rogers, William Rockefeller, and John D.
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Rockefeller, active heads, and included with them their
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sons;
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(3) A large group of active captains and first lieutenants,
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men who conduct the affairs of the different corporations
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or sections of corporations in which some or all of the
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"Standard Oil" are interested;
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(4) A large group of captains retired from active service
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in the Standard Oil army;
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(5) The estates of deceased members of this wonderful
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"Standard Oil" family, which are still largely controlled
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by some or all of the prominent "Standard Oil" men;
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(6) "Standard Oil" banks and banking institutions, and the
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system of national banks, trust companies, and insurance
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companies, of which "Standard Oil" has, by ownership and
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otherwise, practically absolute control;
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(7) The "Standard Oil" army of followers, capitalists, and
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workers in all parts of the world;
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(8) The countless hordes of politicians, statesmen,
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lawmakers and enforcers -- our political structure -- and
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judges and lawyers.
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"Standard Oil's" governing rules are as rigid as the laws of the
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Medes and Persians, yet so simple as to be easily understood by
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any one:
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(1) Keep your mouth closed, as silence is gold, and gold is
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what we exist for;
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(2) Collect our debts today. Pay the other fellow's debts
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tomorrow;
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(3) Keep the seller waiting; the longer he waits, the less
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he'll take. Hurry the buyer, as his money brings us
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interest;
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(4) Make all profitable bargains in the name of "Standard
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Oil," chancey ones in the names of dummy corporations;
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(5) Never forget our Legal Department is paid by the year,
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and our land is full of courts and judges;
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(6) As competition is the life of trade (our trade), and
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monopoly the death of trade (our competitor's trade),
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employ both judiciously;
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(7) Never enter into a "butting" contest with the
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Government. Our Government is by the people and for the
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people, and we are the people, and those people who are not
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us can be hired by us;
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(8) Always do "right." Right makes might, might makes
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dollars, dollars make right, and we have the dollars.
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The success of "Standard Oil" is largely due to two things -- to
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the loyalty of its members to each other and to "Standard Oil,"
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and to the punishment of its enemies. Each member before
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initiation knows its religion to be reward for friends and
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extirmination for foes. The "Standard Oil" man is constantly
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reminded in a thousand and one ways that punishment for
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disloyalty is sure and terrible, and that in no corner of the
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earth can he escape it, nor can any power on earth protect him
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from it.
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"Standard Oil" is never loud in its rewards nor its punishments.
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It does not care for the public's praise [except through phony
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P.R.] nor for its condemnation, but endeavors to avoid both by
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keeping its "business" to itself.
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+ + + + + + + + + + + + + + + + + + + + + +
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For related stories, visit:
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http://www.shout.net/~bigred/cn.html
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http://feustel.mixi.net
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Views expressed do not necessarily reflect those
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of Conspiracy Nation, nor of its Editor in Chief.
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Aperi os tuum muto, et causis omnium filiorum qui pertranseunt.
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Aperi os tuum, decerne quod justum est, et judica inopem et
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pauperem. -- Liber Proverbiorum XXXI: 8-9
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