ARE LINCOLN'S FEARS BEING REALIZED?
DuBois, T. A.
Are Lincoln's Fears Being Realized? -By T. A. DuBOISThe following is taken from a letter of Lincoln's to a senator friend of his, and shows to a remarkable degree, the ability to see and...
...With millions of idle men walking the streets, other millions working part time, millions of farmers bankrupt and in actual need, with business prostrate, and the whole country in a state of chaos, isn't it about time for the people to begin to realize that the republic itself is in danger...
...The Sherman law was forgotten and big business began to organize and consolidate under the name of mergers until they have got to a point where small business is throttled and destroyed, and the moneyed Interests have got...
...I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country...
...With the ownership and control of the money, lands, and business, concentrated in the hands of a very few, probably less than one hundred, in a country with a population of 120 millions, who have no thought qf the welfare or pleasure of the common people, just a desire for more power and more wealth...
...control of the Federal Reserve banks and with the establishment of chain and branch banks Miey are able to drain the country completely of the people's money and concentrate 16 in tlie hands of a few of the eastern capitalists...
...I feel at this moment more anxiety for the safety of my country than ever before, even in 'the midst of war...
...nearly a third of a million, and this only for the nomination...
...Grafting and stealing of public property by those high in the service of the country became a national scandal such as this country had never seen...
...By T. A. DuBOISThe following is taken from a letter of Lincoln's to a senator friend of his, and shows to a remarkable degree, the ability to see and understand ¦ what the moneyed interests would do if given the opportunity...
...God grant that my suspicions may prove groundless," This menace of the money barons that Lincoln so feared was slower in getting control of the country than he expected, but the moneyed interests were gradually getting control of the government, until the people became aroused and the Sherman anti-trust law was passed and vigorously enforced for a period, and then the Federal Reserve bank law was passed during Wilson's administration and it looked as though the interests of the small business man and manufacturer as well as the farmer was fully protected, and it was, and all lines of business and the laboring people ns well as the farmer were prosperous until the republican party came into power, with the election of Harding, and then what a change took place...
...With a free hand during the Harding, Coolidge and Hoover administrations, they have been able to so completely carry out their designs that the money of the country is controlled by a few men and the money has been diverted from the usual business channels and put at the disposal of the gamblers of Wall Street...
...The grafting in high places Lincoln so feared became a reality...
...Farm lands are rapidly passing from the ownership of the farmers to the Federal Land banks, life insurance companies and other large corporations...
...As a result of the war corporations have been enthroned and an era of corruption in high places will follow and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people, until all the wealth is aggregated in a few hands and the republic is destroyed...
...A people who have fought for their freedom, enjoyed its privileges and benefits and find themselves deprived of everything they hold nee saury and dear will rebel, and should they fail to get relief from thi" Intolerable condition nt l.li" polls will resort to more drastic met hods, and well may we heed the warning of Lincoln and fear for the safety of the republic...
...And we have gotten to a point when none but those possessed of great wealth may hope to secure the nomination for U. S. Senator on-the republican ticket, the party of special privilege and high tariff, as note the recent purchase of the nomination in Illinois by Ruth Hanna McCormick, a daughter cf old Mark Hanna, by the colossal amount of $252,000 and with the amount spent by her friends put-itng the purchase price above $300,000...
...What will be spent for her during the campaign...
...With ten years more of Republican rule such a.s I he last and the major part of farm lands will be owned by the government and large corporations...
Vol. 1 • September 1930 • No. 41
