Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1890-09-02

good share, and she l. not Yet done
In relation 20 these seismic devel
opmcnts IN the money markets, tn,
New York Times has a very interest
ing and instructive article. 10 at
tributes the stringency in mOnel
largely 10 speculation ia silver :
eagerly were the Spectators lOokini
FOR Initiation in currency 10 b
brought about by the silver bill tina
the possibility Of a siriugcucy wa
never thought about. The StOcl
Exchange has not a member VIII,
can say now. Il told you So" bu
the cry j., "Who would hav,
thought ties Previous 10 the agitl
ton FOR silver legislation, TIA,
monthly produce in silver was sol,
and promptly turned into cash
When the prospect FOR n silver bill
WAS assured, silver 10 the amount o
s.Ol,OlO Onnces accumulated. IL
carry this required an equivalent il
money, and A. long - the metal Re
mains merchandise this equivalent
IN money i locked up. This, TO.
I gether with the demand for currcn.
cy from the country for the fall
/ trade, had bad effect on the banks.
| Then the rush Of impoTtaii0ns %
beat the Mckinley thrill bIll caused
a large drain in gold for foreign
countries.
Last year the anticipated imitation
which the silver bill was supposed
20 bring, strengthened securities.
Now, when the b!il Is In force secu-
rites are dead, money costs II Ter
cent per year, the banks S2.5l1,0Jl
below their legal reserve, and the
Treasury Department al its wits end
trying 10 stop the pluic.
The labor troubles have a depress-
ing effect, but the alarming cOndi-
ton u the financial world cannot he
traced b them. The bluS state.
meat f1r last week in New York
shows a contraction Of S4.5Dl.Ull IL
loans 10y the hanks. with a decrease
la deposits Of $1,000, 600. The great
result II This state 81 mon,y atlairs
will De the death Of real estate bOums
in the west ard on the Pacific
slope. Tight money kills bull
speculation. Is per cent. was paii
Tor money in Wall Street last week.
The west will feel this yet, though
money il Obtaiuable now at . to 5
ger cent. Tariff pickering has M
duced a better feeling among bust
ness men. The Tunes article con
cludes with this paragraph:
The country dill not ask Tor this
tariff bill" it is said. "It wanted 10
b. let alone" Another and growing
sentiment b. ia favor u remodrling
our treasury system. which j. out Of
Joint with the general machinery nf !
the exchanges. Tie government /
takes in and PAYS out some 500, co.,
900 annually; % takes In regularly I
and lets uus TIsmuiirtlly. thus caus- ]
ing the financial machinery u the I
country 10 move By jerks and starts /
The craftsmanship which could create ]
She National banking system. she be-! I
system la the world for H. purpose.
ought % Ee equal. j. j. argued. 10 the /
devisins u a system 10y which money
paid 20 Ihe government shall no. o. i
sink iu . vault. Meanwhiie, all the
or eNrcIiiruls proposed are
more or less slow. and some remote
and theoretical, while she - ok mar
aH..H "...H.H HH..H'.'.NH NaaNN zen
tho worst 81 the pinch j.
over, or whether the coming week
viii see O..
IL is now an assured fact that
here is a gricy1us shortage in the
.oOi supply 0f this country for ths.
'nsuIug year. This fact l. Li--
learteuiug 70 wage workers and
iegple ui limited iuclmss ia gen
raj This shortage j. attributed %
thought. Now the social doctors I
IRE suggesting Remedies for the pro- /
luctlun Of an tgutble supply Of
God independent 90 drought OF
Among those sewing
ONE consideration are tie schumus
i Prince kupJtkiu the eXiie.l
tusiln uiBilist. lli- agents are
.rtiiiCiIl heating. glass roofs. hot
'aier pipes, artgzi8u wells. frrmeut- :
ns manure and 20 Oh. He says
hat soil heated by fermentation !
vii produce 40 bushels Of potatoes q
. the acre. Ia farming he is far :
head Of Horace Greeley. and ur8I-
by his plans would IL. jus, about I
s economical, u farmers hal fUrs
incs 90 lay out. lie suggests that
n experimental garlcu Il TOO acres
1yencu with glass be- made a feature :
{ the Chicago Worlds Fair. Il
'0uld lie novelty, and il would &
the possibility II rr- Z
ucing ideal farming b practical
lrming. Il
Among the many piiilantrouhi,ts q
nj patriots who are eudcayoring b.
sneiit society by legislative means
Mr.. FeathcrSton. member Of
0ugress from Arkansas. lie has :
itroducei bill pyUyiding Tor the =,
.ndiUg Of surplus money ia the :
aii0ual treasury u the different I :
iaies 10 one half Of one Ter cent a :,
tar, the state thus borrowing b n
nj again ~ counties at ore yer :.
mt Ter auuum. The county next n
lend D. the individual at two ucr =
mt per annuml, taxing a. security !,
al estate mortgages, corn, cotton, y,
heat, IN fact anything merchant a.
be. Money az two peT cent would =
cheap. certainly, but IL we b. a
Eve oeftainDemnUraiic politicians. d
.e surplus i now gone where the a,
ondbine twiueih. The most en- =.
usiastic Republicans contend that :,
surplus d Slul,ull,ull will bl. -
'ailable next year. Even 20, this y
IN would not lie g the Chicago 4
7tusc observes, cup Of cOlit ia
Senator EimunJs' daily CON
mptiOn Of liquids. Chicago alone
: mortgages on real estats. 10 the
nc Of S-5r,OlJ,Oll. The mort ~
sers are paying o aud : per cent {
this money. u
They could borrow for two Ger W
nj and pay or their mortgages
money enough could be had. But
re are other cities besides Chica-
in this realm, and they, too. -
,uli want slice. Should such a n
! lecome law nice discrimination Al
loans might settle the difficulty. \
M only 10 the man who supports IL
Party in charge Of the Treasury. h
!. featlerstOnC' scheme has the Ia
lness Of the bird about il. Sens- eu
Edmuuus' plan of depicting the q
'snry i much more practical. He ar
ahiishes a charity house at salt
ke NJ an expense Of SillJ a year.
leneiits more per-ous in pT0uor-
u thau Mr.. Frlther.tou's ill nm
uli. Extent the w5men's home ia
lem All over the country. and the or
" la charge d the Treasury will
re political missionary school tn
every city in the Union. The
iessors will have ample time 10
political knowledge -.
ich viii benefit the country. ~
JCNIUs. "a,
NJ,