592 



The Review of Reviews, 



THE REMEDY. 



Thomas W. Lawson, the author of " Frenzied 

 Finance," bej^ins in the OrtO'her number of Evcrv- 

 hodv's i\Ia(^aziii(: a fresh series of fmaneial articles. 

 Ml'. Fawson writes that "' Frenzied Finance " was 

 ,1 mt-rcilrss <'Xj)osure of the sinister forces at work 

 in the UndeiworUI of \\:\\\ Street. " The Reme(b' "' 

 is a crusade to mut tliose sinister forces and wreclc 

 the Underworld. He pledt^es himself to ri_i:;ht until 

 the American peo])le are freed : — 



Tlie United States is tlie most prosperous matioii on earth. 

 To pr-ove it one lias lint to show that while there are 

 nations so pi-osperous that their people are rich and ha))i)y, 

 none has so great a na.tural base of prosperity as the 

 Uiiiteil Sta.tes. For instance, Germany — our closest pros- 

 perity conipcititor— is a mighty nation. Tlie Cierman pe<iple 

 are rich and prosperous, and yearly growing richer and 

 more prosperous. Yet Germany is only one-seventeenth the 

 size of the United States, and has less than one-twelftli of 

 our natural base of prosperity. The atory of the conipe > 

 tive possihilities of Germany and the United States is told 

 in a sentence: One square mile in Germany must furnish 

 existence for three hundred and ten people and as a 

 matter of fact it does give them a splendid e.xistence — 

 while in this country one square mile is called iiiixm to 

 support only twenty-five people. 



In the United States the very rich are few, comparatively 

 few — the poor many. Ten thousand of the first and ninety- 

 nine million nine hundred and ninety tlin"Sand of the last. 

 The very few are coii,tiiiually growing richer, and the many 

 poorer. 



The people know that the ten thousand whii jiossess 

 three-fourths of all the wealth of the country will nevei' 

 \oluntarily share it with the peojile from whom it has been 

 pillaged, but that, on the contrary, the few are using il 

 and will continue to use it to prevent the people from tak- 

 ing it away from them. 



I-'arther on in his article ^fr. Fawson gives parti- 

 culars anent what he terms "the big e\'il," paiti- 

 culars which will be a surprise to the man in the 

 street, unacquainted with the outs and ins of fntance 

 and to looking at linancial affairs from the j>oint 

 of \-iew of an inside man like Thomas Fawson : — 



The capital of the many, after it gets into savings banks. 

 is employed by the national banlis and trust companies — 

 very important cogs in the System's pillaging machinery— 

 in the same way as the billions belonging to the few, to 

 the ten thousand who have accumulated and are possessed 

 of their one hundred billion's of the nation's one hundred 

 and thirty-one billions of tO'tal wealth. That is, it is 

 loaned, or supposed to be loaned, back to the people, and 

 by them, employed in the conduct of their affairs. .1.* a 

 iiKittcr of fact, the larger port of the savinijg' of the lieoplv 

 (lepogited in savinos banks is indirectly — by o roundubou 

 process — horroired hy the System at four and a (juarter to 

 four and three-quarters per cent., and by them, used to 

 (■(irn for t}ie feu- thirt y-eight per cent. 



Forty years ago_ the many who owned the deposits in 

 s.ivings banks received from such savings four per cent, 

 yearly; that is, if the amount" then had been what it is 

 to-day — five billions of dollars — ^they vkfould have received 

 two hundred millions. Yet u-hat they received forty years 

 ago had a i)urcha.<!ng power more than double wliat it has 

 to-day. 



Forty years ago the income of the few's cai)ital in 

 national banks and trust companies returned them six per 

 cent, annually. To-day it returns them thirty-eight per 

 cent., or six and a third times what it did forty years ago. 



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