The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1883-12-08
HOW To MAKE MONEY.
A Book Of Prophecies of Future Ups
nnd Downs in Speculative
Prices

New York Letter in Philadelphia Press
A curious book Is being handle 1 ebout in
Wall street nli re1d with some interest II
is callsl "Bcnneris Prophecies OF Failure Ups
and Downs in Prices; what years TO make
m' n y In pig irol. no IS. corn and provisions.
By S imuel Beuner, an Ohio farmer" 1t was
published in 1879 by Robert Clarke & Co.. Of
Cincinnati, aud has run through two editions.
1t Is a small work OF 100 paces, AMI was writ
ten apparently in 1875 or 1STG, but surely be-
fore 1873.
Mr.. Benner starts wish the idea that to fore
500 the future in regard to supply and demand
is the great desire of perJons in trade, an he
modestly expresses thu opinion tias it Will be
the GREATEST booar to his readers "to have
the years Of high anil low p-.ca5 p-iItcd out
in the future
"Well." said an Old operator at this point,
MS he was rea ling extlacss from the book TO
n crowd Of han sers-ol about the ticker In al
Exchange Plac5 brokers' of1ce, Il should
smile. II Mr.. Beine can give us such points
rs that we will all buy a book, bi ig it down
town with uS and sleep with It un1er our p.L
lows. he is Just the man we have besn loJs-
Ing fo-. VII buy up the who'll clifton n
brsak Jay Gould myself"
NJ. Banners theory h that the advances
and decline in the aivance OF pig iron, hogs,
corn and provisions are as alternately certain
Gs the revolutions of I'll. earth upoa is axis,
and the periods Of high and low prices have
been as regular as the annual return Of the
four Seasons He then inquiries how q rule
can b., discovered which will give true re-
sultS Tho records of tho weather will not
do, statistics of pro iuctiols ara uncertnin
and unreliable, but the actual price of an arti-
Gle IL a certain Indication Of a surplus or
deficit in any product or commodity. 1t is
| nlynyE Euavn and rubfIa ~ ri1v tf
may b, uncertain las Northern Pacific pre-
ferIei was on Saturday, for instance, aver
age prices for a series OF years nro the true
basis Of speculation as to the future.
I'VE must look says Mr.. Banner, "to the
past ups and downs of prices; ascertain how
many years 1t takes to complete an up and
down Ia auy product, and then determine In
iu what order the ups and downs are repeated
in thu next cycle. II there Is found any pc
rio Iicity in tbs cycles, then we have a rule
which can be applet TO the future An up
and down or a down and u~pinavorage prices
is IN this book Genominatel O cycle"
Ons extreme, he continues, always follows
another In nature nn1 in business. Looking
back at the pig-iron trade, ho finds that, com
:nencing with the low p year of 1884, tho
price idvancoi three years to 1887, decimal
six years to lsil. making a cycle between
low pres Of nina years Again, tho pric,
advanced two years TO lof5, and dec.inadh i've
years 10 1850, making a cycle Of seven years
From lSo0 To ISL Tiers was IN advancing
mark t aud then a declining one for seven
years to 1861. making a cycle of eleven years
Again advancing thres years to 1864 the
market decilnel six years to 1879, a cycle of
nine years, and SO fortl. he concludes that
1881 will be the naxt highest priced year for
zig Iron, and the months OF September and
October as the periods of best figures.
The years 1882, 'S3 ri. 'S5, SO, 81 and 'ss,
says Mr.. Benner, will BE- years of decline in
the price Of pig iron, aud years of depression
In the business, being a repetition of tho
seven years from 1854 to 1861. we pro-
claim it to all who MAJ be readers of this
book, nnJ engaged in any way iu the iron
trade, to be prepared after tho year 1881 for
breakers aheadr'
Now Mr.. B,naor's box becomes more
cheerful reading The iron trade is to have
three good years, even IL people have to walt
a good while. Hear the voice of the prophet:
lin the years 1889, 10, and VI the price Of
pig-iron will again be on an advancing scale,
n viii be three years in aching the high
est price In 1891. This will DO q period Of
money-making In the iron business, and these
viii he three years Of general prosperity in
all departments of ira le AMI 10 lustry.n
After 1891, tho price of pig-iron will decline
for S Z years, which will again bs disastrous
to bushes.
Indeel, in 1891 Mr.. Benner predicts IN aw-
full panic, which will not b, con1nsi to the
Unitel States, but which "will sweep the
word like the pan cs of 1910 AMI 1S57,' and,
falling into Gen. Taylor's mistake, Mr.. Ben
ner says, twill be felt with equal severity
in other countries" The financial Garth
quake will come in September or October,
though the price of pig iron will not begin to
dec inc until the former month This shows
that the panic of 1891 will be sudden, and I,
is we'll for the financial world that Mr.. Ben
ner has given such timely notice of it. He
further believes that closo observation will
give the peculiar month aud day in the
future when tho vio.ent changes arc likely
TO occur. At this time, it may be enough 10
say that the low priced years Tor pigiron will
be 1855 and lS0l anl thu higi priced years
1871 and 1909.
Mr.. Bender considers the hog and cotton
trades, and arrives ut quite definite conclu-
sions as to their future Indirectly be In
cludes In his prophecies tho whols business
world, for he thinks the iron market controls
pll other manufactures and trades