The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1889-05-03

"a
floating 81, 500, 600 of 81 per cent. bonds
at a premium OF 1914. The sxtraordi.
nary low rate of interest and the readi-
ness with which the bonds sold above
par has excited a large amount Of news
paper comment. 1t is the Lowest ratio of
interest at which money was eyer Dor
rowed in tnis or any other country. In
an editorial on the subject, the Sioux
City Journal says:
Capital rather Is begging for safe guar
antees, 1t is positively true that no man
who can discover a good opportunity for
placing capital or who can invent a
sound method of Investment, need 40
without the necessary capital at a rsas-
onao!e rate OF interest. if he take proper
meals of advertising the opportunity or
the investment. He need have g
dollar OF his own; he can fEd plenty of
man with the necessary dollars. In
short, the day Of exosbitant rates of IN
teIesI is past forever in this country, ex-
cept It be in time OF temporary stringenoy
or extraordinary depression OF business.
Then there must be "a temporary
str!ngency or TN extraordinary depras-
sion of business in tue West. aad. for
that matter. all through the farming
communities Of tie Uiitcd States. The
placing OF 81. 900, 900 New York city
bonds at 2} par cent, interest is not an
indication of pcospe.lty-as the journal
and many other papers would have us
belieye-but rather a striking proof Of
the utter prostration Of the agricultural
in.orests OF the ccuptry. Throughout
tho United St.tes, and PARTICULAR tn
West, mortgages have been piled up on
real estate Until four-1fthx of all the
landed property of the country west of
New England is SITS ssering under q debt
greater than it cHn bear, and there is 10
longer an outlet fot money in that d.
rect.oH. III toe meantime over p-oduc-
ton in nearly ali the manufacturing in
dustries of this country has produced a
practica! stagnstion, and thereby gen
eral destitution among the working and
middle classes. While il is a fact that
there never was u time when a dollar
would buy as much as it Will to-day, it
is also a fact that there never was a
time when a dollar was as hard TO get by
the producer aud distributor as it is to
day. The fact of the matter, dlvcsled of
all coloring, is that the great mass of the
people in the United States are living
from hand to meuth-practically desti-
tute, while by class legislation and class
benefit aristocracy, rings have been
formed that have been, and still are con
centrating the wealth of the country in
tho hands of a few to the detriment OF
the many, and the result is few have
more more money than they know where
to place, and the honest poor find il
hard scratching to gather in their daily
bread. Aud this system Of class favors,
instead of being rebukea, Is being pro
NOTED by the masses OF the people day
after day. They no longer question how
the opulent obtained their monsy, bu,
hurrah for those who have it, and carry
their Accumulated and accommodating brr.
dens as meekly rs asses do, and if they
kick at all they plunt their heels square
y against those who have the courage OF
manhood to call attention to their thrall
dom. This picturs doubtless is not az
pleasing as the Journal has drawn but II
If o far more truthful one. Money is
cheap in this country while millions
are starving simply because every elias.
of security that is in the power Of labor
10 put in pawn is covered to Its utterer.
most. and the growing Golfers of the rich
are seeking a vent at even "a or NUM-,
cipal lecurity. 1t does not denote q
healthy, but a veIy unhealthy condition
Of the body polite. and instead Of being
q matter of congratulation should cause
political economists to seriously ask the
question Are we not on the brink of q
social reyolution?"