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nydus/Frenzied Finance, Vol. 1: The Crime of AmalgamatedPublic

This volume compiles a series of articles originally published in Everybody's Magazine concerning the practices of high finance. The author presents a historical account of business dealings spanning twelve years and challenges readers to evaluate the veracity of the events described.

Page 63 of 731
Table of Contents

CHAPTER V

A careful study of this illustration, by even laymen unacquainted with financial or corporation affairs, will clearly show that the foundation of this transaction was The Bank's putting in jeopardy $3,300 of "B's" deposited $10,000, and that if the $3,300, after being put in jeopardy, had been lost, "B" would have been the loser,1 which, in turn, means that the compensation for the jeopardy in which the $3,300 was placed was the possibility of $6,700 profit; and that, therefore, the $6,700 profit when made should have gone to the owner of the $3,300, "B," instead of to "C," the user of it.

It is therefore in this sense that I shall use the term "made dollars"—wherever they are "made" or "unmade" through one set of men using the dollars of another set of men without that other set knowing that their dollars are being so used; and wherever the result of such use is that when dollars are "made," they are "made" by the ones who use others' money, and where dollars are "unmade," they are lost by the ones who own the dollars which they don't know are being used.

FOOTNOTES:

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