The Mitchell capital. (Mitchell, Dakota [S.D.]) 1879-1918, 1893-06-09


OF the working classes, maintaining
that by far the greater proportion of it
Is directly traceable to the part taken
in industrial activity by the few who
possess the ability of invention and
management.
~ =
THE CAUSES OF THE PRESENT FINAN-
CIAL DISTRESS.
What, then, have been the chief fac
tors in producing that disturbed condi-
ton OF the money market, that loss of
business confidence, and that sharp col
lapse OF credit, which filled the news
record OF May with a long list of busi-
ness failures and suspensions, and
which has inflicted sort of paralysis
upon the commercial and industrial
life of the country?
First and foremost, in our opinion,
this state OF affairs must be laid at the
door OF our politicians. Their failure
to settle the silver question in one way
or in another is of itself sufficient to ac-
count for much of that oversensitiye-
ness OF the money market which has
checked the flow of credit just at the
moment when it was most desirable
that credit should flow freely in order
to avert disaster. If the last Congress
had repealed the present silver law
practically all of our recent business
troubles would have been avoided.
Our present monetary laws and their
working, far from being Of any advan-
tage to the silver men or of any value
for the future realization OF bimetallism,
either American or international, are
of the most serious detriment to the
silver cause.-From the "Progress of
the World" June Review of Reviews.
80
The June issue of Belford's Monthly
is entitled to more than u passing COM
ment, for both in it's artistic and liter
ary makeup it is of the best. We
notice such progress in this truly
Western Magazine, since it has thrown
off its political aspirations, that we pre-
dict for it, in the near future, place
second to none in American periodical
literature. This months Belford's con-
tains the first chapter OF Mrs. Lindon
w. Bates humoristic story of the
Pacific coast, entitled "a Frontier Fic-
tion." The coming Intercollegiate Base
Ball tournament offers President Rogers
of Northwestern and Francis w. Colel
an occasion for splendid, fully il
lustrated article on college athletics in
this country and Europe. Hubert H.
Bancrofts unique library OF Americana,
one of the great treasures of San Fran
cisco, is happily described by pen and
picture.
~
The article by Senator Wolcott, OF
Colorado, on "The Western View of the
Silver Question" published in the last
number of Harper's Weekly, has at
tracted wide attention as an able con-
tribution to the discussion of one Of the
most important political issues now be-
fore the country. In the next number
of the Weekly, published May 3lst, the
Hon. John De Witt Warner, congress
man from New York, will present some
of the leading arguments on the Other
side of the question.
~
The contents of the next number OF
Harper's Bazar, published June Sd, will
be of an especially attractive character
Among other things, there will be an
elegant portrait of the Princess Eulalia
q delightful sketch OF her visit to Ha
vana, Cuba, written by Mary Elizabeth
Springer; pleasant article by Eliz;
r. Scidmore, entitled "Planked-ShaC
Dinners on the Potomac::" an article or
"Woman as Art Patrons" by Heller
Eyerton Smith; and one by Jesse Lynch
Williams, entitled ''When Girls Come
to Princeton" There will also be
special eight-page Supplement contain
ing the third instalment OF Edna
Lyall's popular story, "To Right the
Wrong" handsomely illustrated.
Worlds Fair rates have already beel