The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-11-02

houses at prices that will be satisfactory &c
all parties TO the contract, and you will
save transportation both ways from the
markets east of Us; and I assure you that
we will be able TO give you our goods and
wares just as cheap as you can purchase
elsewhere. Our people are with you on the
irrigation business and / shall do all In
my power. In Congress and out OF Con-
gress, TO aid you in this matter. and be-
lleve l shall live to see the day when your
prairies will bloom aud yield like Q well
kept garden. loud applause.)
CURRENCY.
Our friends of the opposition say we have
contracted the currency to such an extent
that the business of the country is depress
ed and hence hard times and foreclosure
of mortgages. Let US look into this for a
moment. Judge PETER, the candidate OF
| the opposition for United States Senator,
in his little pamphlet, THE Way Out" on
page %, says that on June 30tb. 1882 the
! circulating medium in actual circulation
was 81 So, 3lS, 091.00, OF S2lsS per capita.
| These figures, the Judge says, are taken
from the report of the director of the
mint and are correct. On the LIST day of
September, 1890, the same authority fixes
the amount of circulation in the
| country, being outside of treasury re-
serves, at 81, 4S6, 062, 942.CO or net
| increase in the period from June SOth, 1889,
TO September LIST, 1890. Of SIS, 81, 851. This
does not look like contraction. Zap
plause
Now, fellow citizens, let us take an OBJ
| ject lesson. During the years 1885, 1886
and fore part OF 1887, we had a boom in
| this country. All towns doomed and money
was more plenty with us than at any time
since | have lived in the state-about twen-
= - g.
circulating medium WAS considerable
smaller those years than now. We all
doomed. Many got caught when the bub-
bic bursted. | WAS hurt some. My enc
mics say / have no credit. | wish | had
none, and | would not be crippled fnan-
cially to-day. daughter and applause.
1t is not the currency question that hurts
so much. France has the largest per capita
circulation of any nation and yet her agri
cultural interests are depressed What we
want Is free coinage of silver. IApplause.l
TARIFF.
do not want any votes with mistaken
idea as TO how stand on the question of
tariff There are many things in the Ne
Kinley bill, so-called, that don't like and
many do. / SIN pleased with the reci-
procity part of that bill as suggested by
Sir. Blaine. Loud applsuse,l My idea is
that the tariff should be msintaIned just
as it were, TO prevent an incoming tide of
pauper-made foreign goods to crush our
own home manufacturing establishments,
and no higher. Applause.
The Peoples party advocates, and par
ticularly Judge PETER. say the tariff has
nothing TO do with the depression of sgri-
culture So say we-but that all farm ma
chinery, all clothing, all groceries and that
line OF goods can be purchased cheaper in
the year 1890 than at any time since the |
close OF the war. lApplause.l
CONCENTRATION OF WEALTH.
The opposition say that by reason Of oon- |
centration of wealth agriculture is de- |
pressed. If this be true, then in Kansas |
all business Is depressed, for our success de- |
ponds on the success Of agriculture. |
The selling price of any product |
likes the success or ron-success of
any business In 1889, when we had |
che largest agricultural product we have
produced, and we were selling corn down
the valley about Wichita for ten to fifteen
cents per bushel, wheat at thirty-eiKht TO
fifty cents and other products in proper
tion, we were all looking for the cause and
the concentration of wealth theory had |
some force to it. We had one hundred and
fourteen million bushels of surplus wheat
then, and corn and other products in pro-
portion. In 1890 corn is selling for thirty
eight to forty-hve and some at fifty cents,
wheat at ninety cents TO one dollar, and
all other agricultural products In the same
The concentration OF wealth
Is the same unless larger. In 1890 We are
millions of bushels short and
other farm prod ucts In proportion. What
has caused itf Why, every body says it is
the shortage. The farm product of 1890 is
worth $500. GO 90 more IN cash than the en-
tire crop of 1889. Money is more plenty
to-day, Ia Kansas than at any time since
the boom. Go to any of the banks and en-
quire, and in many OF the countiss of the
d-strict find the farmers, as u rule, have
surplus money. Let US look further at
this concentration business We viii take
a man in the city of New York at tue
close OF the war; he owns a block OF
lots without improvements; they are
worth tlOO, 90, the city begins TO grow,
her business doubles, threbles and quad
ruples aud doubles again, he Is offered q
half AnillIon for has block, he refuses, he is
offered million but declines, a million
and half and says no, he is then offered
two million and sells; it is no overdrawn
picture for New York City. When he de-
delivers his deed he receives check for
,he amount, ne deposits the check in the
bank, the next day he purchases 500, 900. 10 I
worth of real estate and gives bis check
or il, the next day he invests In bank |
stock 500, 10000 and gives his check. and
Il 4 short time he invests the remaining '
million ia u steamship line, or other eHter-
)rlse he has not taken one dollar out OF
he channel OF trade, has really not handled I
me dollar Of the circulating medium Of
he country. Did the fact of his accumu-
alton depress the value OF any mans
arm in Kansas or lower the price of
my mans agricultural productsf
No, OF course not There Ia concentration
# money. when used as ga engine Of op-
'reSsiOn, to increase the price Of products G
# the factory or mill, but we have legisla- .
ed against this, aud trusts and combines
snnoC exist. lApplause.J The opposition /
MARSHAL full strength and 20 for Jay t
Iould, and pumble him. This is correct. /
hey have right to, and none OF Us care C
ow much they pound him; yet Gould's 5
Tealth only affects as OF the West in one {
FAY, and that is 10 the management of his .
abroad lines. And this brings me to con- v
lder the question of
TRANSPORTATION.
The Dodge City platform il plain upon
his question; aud while no one wants to /,
ripple or destroy the railroads, we want
hem 20 cease 10 iujure Us By charges, and :
eDce / am in favor Of amending the Inter a
tate Commerce law so as to empower the
TO enforce their orders and
ecrees in the same manner as q court OF
ecord enforces its orders and DEGREES; and 4,
o further amend, directing the commits
toner's to ascertain the first cost OF all A
Dads, and to SO adjust all charges for
reignt and passengers As TO allow TIE
Osds 70 earn an amount that viii snabis
hem TO pay good wages 20 employees and 6
ay 3 fair dividend on the actual moasy
invested. Applause This will aid aGTi- =
ultUre and ali other business IN the West. 4
' nat We want is cheap transportation to :.
-ant the railroad law amended 50 as 70 re j
uira The comu2uIes "a adout ana AMY