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To this classic ebullition of interest in the The stanza is in reference to the query if welfare of Jessie, Mr. Field wrote a genial Mr. Field was a colonel as he had been somereply:

times brevetted by Chicago newspaper men.

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Edzenly afspreciate, and a hantily grateful for. How gente fornity afinis ntido ferofated Aluse freeful lincs, or wie folenne you to beurs Hul Jeance is back again.

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The sentiment expressed in the lines recalls that fervent passage in one of his books:

In regard to some contributed manuscript he again wrote to this friend:

Contributors frequently make the mistake of sending manuscript to me; that is a very unsafe proceeding for my house is already full of books, papers, dogs, trinkets, manuscript, etc., and any new strange arrival is likely to be lost. When you are in Chicago suppose you run up here and see for yourself how wild a place this den of mine is.

No, I am not a colonel. I am and have always been, and shall always be a man of peace. I do not know a sword from a ploughshare or a spear from a pruning hook.

My feet incline to quiet ways

Where hostile ferments cease,
The while my muse inclines to praise
The sweet pursuits of peace.

Very cordially yours,

EUGENE FIELD. Chicago, March 12, 1892.

Of peace I know and can speak. Of peace with its solace of love, plenty, honor, fame, happiness, and its pathetic tragedy of poverty, heart-ache, disappointment, tears, bereavement. Of war I know nothing and never shall know; it is not in my heart, or for my hand to break that law which God enjoined from Sinai and Christ confirmed in Galilee.

On the day of Mr. Field's funeral there were memorial exercises in the public schools of Chicago in which the pupils were permitted to recall incidents or remembrance of the Children's Poet. One small lad had a story worth the telling, for he was the boy who had found Jessie when she was lost, and restored her to her master.

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AN EXTRACT FROM A BRIEF HISTORY OF THE TWENTIETH CENTURY

(PUBLISHED A. D. 2096)

1976

BY ALEXANDER M. REYNOLDS

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N ORDER to understand the ex- increasing burden from which there ap

traordinary events that we are peared no escape. The gold obtained from
about to describe, it will be the syndicates, when put into circulation,
well for the reader to glance flowed rapidly back to its source, through the
for a moment at the financial trusts and monopolies, which were but the
conditions that existed all over tentacles of the insatiable octopus that was
the civilized world in the latter strangling in its grasp the individuals and
part of the twentieth century. governments of the earth.
For a period of nearly a hundred If we speak of periods in the past, as

years, the money of the world ages of stone and iron, the twentieth cenhad been gradually passing into the hands of tury may, with equal propriety, be termed a few individuals. Owing to the rapid and the Age of Gold. Finance, alone, ruled in unexpected exhaustion of the mines, the the minds of the people; art, literature, annual production of gold had sunk to an science, society all were subservient to inappreciable quantity, and this fact, it. Patriotism was dead. In 1871, when together with that of the almost entire France at the mercy of Germany – apretirement of silver as a circulating medium, pealed to her citizens for the enormous inhad enabled the financiers for which the demnity demanded by the latter nation, century was famous, practically to corner from hovel and palace patriots vied with the available supply of currency. A statis- each other in pouring into the treasury the tician of the period estimated that, in 1975, gold that was to free them from an herediseven eighths of all the money in existence tary foe. In 1962, when the Teutonic Emwas under the control of the seven great pire in turn conquered by her Gallic adbanking houses, that were virtually the versary, and almost on the point of dismemfinancial dictators of the world. Nor was berment — applied to the syndicate in Berlin the stupendous influence of these syndicates that controlled the finances of the country, supreme in business transactions only. for a loan to satisfy the demands of the Owing to the maintenance of vast armies, enemy, the result was an immediate refusal which made of Europe at that period one to risk funds upon a government whose great armed camp, the yearly deficit of future was so problematic, and Germany was every important nation with the possible actually forced to accept terms from a more exception of Switzerland was enormous, daring syndicate of Parisian bankers, and and could only be met by the continual through them obtain the gold that enabled floating of loans. When it is understood her to continue her national existence. 2 that the funds in these cases could only Art and literature languished. In be obtained from one of the seven great science, indeed, some progress was made, syndicates, which acted in such perfect but it was to utilitarian ends alone, that accord as to really form one gigantic trust Knowledge lent her aid, and if inventions some idea may be realized of the enormous

2It is more than hinted by Taine - in his “ History o power wielded by them in the affairs of the

Finance," published in 1897 — that the refusal on the pa world. The debt that was being heaped

of the German syndicate to entertain the proposition

their government, was but the part of a well laid p! upon struggling humanity was a constantly by which the conquered nation was compelled to pa

higher rate for the required funds. Certain it is, it

large proportion of the German bonds (f 1960, ultin See "The Mind Motor," in the May, 1897, number. passed into the hands of the Berlin bankers.

VOL. XXX-14

were many, discoveries were few. There weeks ago, by a contemporary, that the firm had was no dearth of society or of an aristoc

entered into an arrangement with the German banking

house of Wilheim & Company, by which the latter was racy, but it was the banker, who two cen

to finance the new issue and the home firm have the turies before had been admitted but on suf- handling of the expected Swedish loan, happily proves ferance into the higher circles, that now, to be unfounded. The American people will prefer to regardless of birth or talent, led in all see the obligations of their beloved country held by its

own citizens, and to rely once more upon the powerful social matters and dazzled with vulgar dis

aid of the syndicate to which they have owed so much play the eyes of a decadent world.

in the past, and on which they depend so much in the There have been in all ages, men who future. An amusing incident in connection with the well nigh conquered the earth, but the con

bids is the tender of a San Franciscan who signs him

self, John Hogan. A reporter called yesterday at the quests of Alexander, of Cæsar, or of Napo

modest, one-storied house of the alleged financier on leon, never laid upon humanity such hope- Santos avenue, only to find a card upon the door, less thraldom, as did these great syndicates, stating that the mysterious personage was out of the through the resistless power

of their hoarded

the city. Very little could be learned from the neigh

bors concerning the new “capitalist”: he seems to gold. Never in history had the governing

be a scientist of moderate means -- a chemist, one power of the world been so centralized, and man said -- who devotes most of his time to the purnever had true individual liberty been less suit of his hobbies. Verily, the Crank have we with real than in the year 1976, when, as boasted

us always! by an American historian of the day, "all were equal before the Law.”

Under the law that existed at the time,

the successful bidder in such cases was reOn February 1st, 1976, the government quired, within ten days, to deposit in the of the United States of America, confronted

United States treasury or a sub-treasury, by the deficit in its finances that had be- ten per cent of the amount of his tender, come a matter of almost annual occurrence,

and upon the issuance of the bond, in thirty called for bids for an issue of six per cent days, to pay over the remainder. During gold bonds to the amount of one hundred the interval that elapsed between the third million dollars.

and the thirteenth of March, there seems On March 3d, the Secretary of the Treas

to have been no comment or speculation ury, in accordance with law, published a list upon the possibility of the mysterious John of the bids received. They were as fol

Hogan's making good his bid, and in the lows:

files of the papers of the day, we find no Van Der Morgan, Bilt & Co., Bankers, reference to the subject, other than the exNew York, $100,000,000, at par.

tract just quoted. Finance had become so John Hogan, Number 118. Santos ave- precise a science, that the distribution of nue, San Francisco, $100,000,000 at 50% the limited supply of gold was known with premium.

an exactness that was marvelous. In acIn studying events of the twentieth cen

cordance with law for the people at the tury, a very clear insight into the existing period were nothing if not law-abiding conditions, as they were viewed by the the Secretary of the Treasury had notified people, can often be gained by reference to Hogan that his bid was accepted and called the files of the press of the day. In con

his attention to the clause of the statutes, nection with these bids, one of which was

touching upon the ten per cent deposit, but destined to play so prominent a part in his- it is not supposable, that he for a moment tory, the reader's attention is called to an contemplated the possibility of the bid beextract taken from the San Francisco Chro- ing a bona fide one, or of the bonds passing nometer of March 5th, and which is an ex

into hands other than those of Van Der cellent indication of the state of public

Morgan, Bilt & Company. He knew, as did opinion at that time.

every one else whose business dealt with

finance, that there could be no such amount THE NEW ISSUE OF BONDS

as $150,000,000 within the control of any

one man or combination of men, outside of 't should be a matter of congratulation to the people the syndicates. he country, that the new issue of bonds is to go, On March 13th the unexpected happened. is been the custom for nearly a generation, to the known American banking firm of Van Der Mor

A few minutes before noon, five heavily 'ilt and Company. The report published some

laden drays drew up before the receiving

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The Banker of Nations Develops His Plan to the Powers

room of the sub-treasury in San Francisco, the past - conditions that were burdenand John Hogan, appearing before the some and humiliating to governments, he startled official in charge, made the an- declared that he contemplated advancing to nouncement that he was prepared to deposit all solvent nations, or to those whose conthe $15,000,000 necessary to validate his . duct was in accordance with the spirit of bid, and asked that the required tests for the age, funds to any justifiable amount at determining the fineness of the bars be the uniform rate of interest of one half per made and he given a receipt for his deposit. cent per annum.

He did not propose to The same afternoon the astounding news enter into enterprises of a private nature: was flashed to all parts of the globe, that, loans, other than national ones would not for the first time in nearly fifty years, a be considered, and it was not his policy to private individual had opposed the power of make use of the unlimited resources at his the syndicates and established incontestably command to harass with unfair competition his ability to compete with them in matters the industry and business of the world. of finance.

Since the exhaustion of the gold mines had

enabled unscrupulous syndicates, by the We shall not dwell upon the excitement cornering of the currency, to become praccaused by this announcement, nor is it the tically the dictators of governments, and purpose of this history to deal other than through them, to oppress and stifle trade briefly with events. Suffice it to say, that and commerce, it was his object to take for the next twenty days, John Hogan, in place of the mines, and by putting into cirspite of the most persistent efforts on the culation each year, through the agency of part of the newspapers, disappeared com- national laws, such sums of money as seemed pletely from public gaze, and left an amazed advisable, make an end of, and render imworld to speculate on his identity and upon possible, the conditions that had existed the source from which was derived the gold for the past fifty years. He was prepared which financiers knew could not have come to fulfill his promises during all the remainfrom any that had been in circulation. ing years of his life. On his death, he de

On April 2d - the day for the final pay- clared that his secret should die with him. ment into the treasury of the balance of The results of this communication speedthe loan - in the midst of excitement, that ily became manifest: in it the syndicates had known no parallel since the days of the saw the destruction of the combinations that Du Bois Mind Motor, the new gold king they had thought invincible, and the end of turned over to the government $135,000,- a power that they had wielded for half a 000 in bullion, and receiving in return the century. Their action was prompt and deUnited States obligations, was driven cisive. On April 4th, there was introduced through dense crowds of an excited popu- . in the United States Congress, which was lace to his house on Santos avenue.

in session at that time, a resolution stating The next morning, in the principal papers that, in view of the fact that an individual of the country, there appeared over his claimed to have made certain discoveries, signature, the historic proclamation, that which, if true, threatened the welfare of was to produce such thrilling consequences. the nation, and placed it in the power of one It was brief and to the point, and was in man, through the possession of unlimited substance, as follows:

gold, to cause the upheaval of the financial He claimed to have discovered the trans- conditions that had been the policy of the mutation of metals, and to be in the pos- government for generations, it was urged, session of knowledge by which he could that acting on the established principle of produce gold to any considerable extent. "the greatest good to the greatest number," It was his intention to put the precious and in view of the precedent established in metal into circulation, only through the the case of one, Du Bois, whose discovery regular channels as they existed at that of the mind motor in 1945, had imperiled time. In order to do this, he proposed to the welfare of the industrial classes the become the banker of the nations of the alleged discoverer, John Hogan, be taken world. Far from wishing to assume a into custody and the knowledge of the transposition in any sense political, or to im- mutation of metals be, if possible, effaced pose

as had the method of financiers in from his mind by mesmerism, and in the

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