WALL STREET PICKS THE GOAT.
Charles W. Morse, found guilty of misapplying the funds of the National Bank of North America and of falsifying the books of the bank, has been sentenced to serve fifteen years in the federal prison at Atlanta. As has been said, this is one way of guaranteeing bank deposits.
But what about those other bankers in New York who have been guilty of precisely the same kind of offenses for which Morse is to be punished? Why is it that the other high financiers whose criminal banking methods were largely responsible for the recent panic that left a trail of ruin throughout the country are permitted to go unpunished?
Is it because the big Wall Street interests wanted to make Morse the goat, just as they have made a special crusade against Heinze?
Can it be that criminal bankers are not to be punished unless they have the ill luck to be particularly offensive to the New York banking and stock gambling trust?—Buffalo (N. Y.) Republic.