MR. LAWSON'S phrase, "Frenzied Finance," is too mild. Conscience-less finance is a more accurate description of what goes on in Wall Street. "Frenzied" would imply an excitement so intense as to temporarily suspend the operation of the reason, but some of the Wall Street transactions are deliberately-contrived schemes for deception and pillage. One of these schemes is just now being exposed in New York. A brokerage firm by the name of Monroe & Monroe failed, and the investigation revealed the operations of conspiracies as scandalous as any exposed by Lawson. It seems that a plan was formed for giving a fictitious value to the stock of the Montreal & Boston Consolidated Copper Co. By what are called "washed sales" the stock was sold and bought by a secretly-formed syndicate whose members dealt with each other—the purpose being to deceive the public. Second Vice President Loomis of the National City Bank of New York—the Rockefeller bank—was, it is said, one of the syndicate, and his son was one of the officers of the copper company. The bank loaned the brokers sixty thousand dollars a day for eight days to help carry through the "washing" operations. It is asserted that the money was loaned without security and Mr. Loomis seems to think that that is the only question involved. When asked if he was going to resign he replied: "Why should I resign? They say we lent $60,000 a day for eight days without security. How do they know what security we had? The bank did not lose a cent." It does not seem to occur to him that there is anything wrong in practising a fraud on purchasers of stock. What about the "innocent widow and orphan" of whom we hear so much when any anti-corporation legislation is suggested? What difference is there in principle between the "washing" process and plain, every-day stealing? Burglary is in the same category, and is not a whit less dishonorable. Has the federal government any money on deposit in the National City Bank? If so, what does the president think of an institution whose officers are so morally obtuse as to see nothing wrong in such a plot? When the president gets ready to "shackle cunning" it might be well to include Wall Street operations within the scope of the criminal law.—The Commoner.