The evening world., 1893-06-15
This Is The Cry Of Cyrus Corning,
Philosopher and RefOrmeL
ANAPOLEON OF FINANCE AMONG KANSAS
POPuLlSTS.
which IL 60 Mako Morey Plentiful,
Reduce Intsres', Silence tho silver
Question aud Make Limp and U-c-
less tho Peopie's Prr.y-Therefore
DO Kansas Politicians Rasa
tspvcIAL TO ruI wonLp. !


TOPEKA, Kan, June IA Napoleon OF
Finance has arisen In the ranks uf the
Popuiists to do away with the Peoples party
as the little Corscan grew out Of the reign
OF terror TO do away with the French kepub.
lie. cyrus Corning, u Kansas retormer, has
evolved scheme for the increase of the cir
cula;ing medium which ignores the Federal
Government. He claims to have put 1t into
practical and successful operation ana to
have demonstrated that It can be applied
universally. And he says that IT will sup
plant the Peoples party, because BY accom-
plisning the avOwed aims OF that party 1t
will render it's existence unnecessary
Mr.. Corning's plan Is 10 establish labor ex.
changes by which the silver question Is to be
silenced forever, interest to be reduced TO
the actual cost OF negotiating and placing
loans and the necessity OF capital TO the en-
ploy ment OF labor 10 be eliminated. Labor is
to receive its full reward for, the element
OF capital being obyiated, labor will not be
compelled to share its fruits with capital.
These are the blessings to bloom and fructify
from the idea which has germinated In cyrus
Corning's fertile braiu.
Mr.. Corning has put his scheme into opera
tion at Bennington, In OTTAWA county. Being
a philosopher rich In thoughts, he n as poor
In pocket, but he lound at Bennington an en-.
thusiastic convert to his plan In q young
merchant named Robbins Robbins threw
scheme and furnished TO Corning tho neces-
sary capital which Is 10 Le the death OF capt
i tal. The country merchants store Was CON-
ver:ed into u iab,r exchange; exchange
| checks IN the denominations OF UncIe sau's
money were printed, anu tho farmers We're
invited 70 Join the exnnange. Its principles
| were explained To them and were understood
readily ny men educated In he financial school
| OF the Populists Money, MIR. Corning taught,
| has no intrinsic value Ii Is simply medium
| OF exchange used to facilitate trade. Any.
thiny whiUn the people will Sccept as money
is money. The object OF the labor exchange,
he said, waste make money plentiful he
exchange had everything in STOCK that
market prices 1t would buy all that
farmers had to sell, paving iorit In exchange
check (which wou ! redeemanle as cash NJ
Tor farm products soll abroad would be CON-
vertec into goods, to be sold to farmers for
exchange cnecks. the checks were TO he
used as money III private trades between
members OF the exchange. AS soon as the
| Bennington exchange should be established
| and the success Of tie scremes demonstrated
parts Of the state. and eventu.iiy exchange
| checks were 10 be circulating medium
| everywhere. To insure holders OF exchange
Change Was to oe rsquiI ed 70 glve bond fol
the redemption of every dollar Of cheeks
| issued BY him.
exchange has been conducted as an exptri-
mt Mt for nearly eight inOnths. Corning ana
Robbins declare that u has proved an un-
%Hslsa na, success sI%!sr nn. EXCHANGE has
Where. Mf. Robbins said TO The World cor.
sSsasy Gpss1
greatly relieved the financial pressure In
Ottawa County. Persons who had no faith
IN the scheme AZ nrst have acknowledged
that 1t IL both practical and desirable. IL
has grown In favor irom the flrsJ and we are
now engaged In our first Efforts to extend H..
We VIII begin with an overall factory at
Topeka. This Is already under way. The Ben
nington exchange will purchase good share
OF the Iactory's output. Topeka merchants
are Also expec' cd TO be good customers.
There are many lie working people here
who will be glad OF the opportunity for en-
ploymert which We will give them. We can
sell overalls cheaper than they can be pur-
chased OF Eastern manufacturers, and at the
same time pay women from 81 TO Sl.25 II day
Tor their work. We will soon have numerous
factories well under way, and as the checks
they viii soon Secoms generally accepted as
money and the per cipit. OF circulation Will
be wonderfully Increased. Many farmers AZ
Bennington who have fouLd that exchange
posit their cash with US and take checks In
exchange. Those who mud 1t necessary TO
OOTToW money come 10 US ana We loan tnem
! our checks on the usual security required by
bankers at the actual cost, which We have
estimated at = per cent. year"
Both Mr. Robbins and Mr.: Corning claim
that they nave demonstrated al Bennington
that the labor exchange Will give the people
all the relief Tor which the Peoples party Is
agitating. Their claim that II Will take the
place OF the Peoples party naturally has
aroused the politicians and spirited nght
has Already sprung up between Them.
Arrangements are now ABOUT completed
for the publication OF an organ TO bs calleu
the New Era, which Is u champion the
cause o; the exchange and assist In extend.