The Evils that need attention, mentioned in the Journal for May, are as rampant as ever. The big combination in Chicago to raise the price of wheat by a corner, utterly burst on the 14th of June, leaving a few ruined speculators. The Chicago News says: “What is called buying and selling futures in grain, is no more buying and selling in the innocent and proper interpretation of the words than the wagering on horse races is buying and selling horses. It is a species of gambling as pernicious to public morals as it is contrary to public policy.” The Chicago Herald says, “No one is in love with a cornerer who corners. Nobody wastes any pity on a cornerer who gets cornered himself.” Such crimes in a petty way may be punished, but we need law for the millionaire gamblers who not only rob each other, but fleece the entire nation at the same time.

From Buchanan’s Journal of Man, July 1887.