The Counterfeiters of Coin and the Counterfeiters of Securities [1910]

Posted: January 24, 2012 in Puck 365
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Summary: Illustration shows, on the left, a scene of counterfeiting money labeled “Low-down and Illegal”, and on the right, a scene on “Wall Street” showing capitalists with papers labeled “Watered Stock” and “Dividends”. Includes note: What is the difference morally between making and circulating valueless paper in the guise of money, and making and circulating valueless paper in the form of securities? Both kinds of counterfeits get real money in exchange for fake; only, one kind gets a few hundreds of dollars, perhaps, and then goes to jail, while the other gets millions, maybe, and says: “Don’t! You’ll destroy confidence,” to anybody who ventures to criticise.

Image Source → Library of Congress
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