The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1893-07-13

eon u WnateVef he VIII ee0 II to yoy
for. Perhaps youE viii fntn some on
who will not charge you the thirty Pc,
cent. commission We allow. them. g
In old times furniture was an asset
and now It is hardly 20. In the multi
,plication Of furniture and the, commits
sions allowed to the intermediates
every. now and then q great bank.
ruptcy ensues, and then the furniture
from the fountain source is sold &C
low that ones household effects are
relatively eliminated. And one effec,
Of turning out so much stuff BY machine
is to glut the market, and these gluts
operate directly against those who
have at considerable expense bought
furniture, carpets, etc. Said Z to Mr..
Bradley Smalley, Of Vermont, who is
on the national commission: There
seem to be properties out here which
hold q very high figure in the stock ex.
chance and pay liberal percentage,
upon which the banks viii not lend
money. How is that?"
.''Oh, said Mr.. Smalley, lit is, l sup.
pose, like the story Storrs told when
they asked him to come and make q
speech when imitation was demanded
of congress, in 1874, Storrs said he
went around to friend who was a re.
publican banker and said: Gage,
want ten thousand dollars DE.
lighted to let you have it, said Gage;
we have more money than we know
what to do with. Sit down and write
your note, Il wrote my note said
Storrs, with nv usual alacrity, but
Gage took it up and said: "What col.
lateral are you going to put up?' ''Oh, y
said Storrs, II have no collateral y
Sorry cannot lend you money with.
out collateral said Gage. So went
over to my democratic friend, Walsh,
and said wanted ten thousand dol.
lars. "Just the man want to see, =
said Walsh; 1--WE can't lend onr money,
and will be glad to- lend it to you" Sc
sat down. said Storrs, TO make my
note, when Walsh said: "What col.
lateral are you going to put up?'
None" said |. oh said he, that il
q horse of another color" And now,
said Storrs, turning to the crowd, j
find that It is not a want Of money al
all; but only q want Of collateral that
is the trouble"
Coming upon Mr.. Mcvicker, the vet.
eran theater manager, one day, when
an oriental banker had run away from
his bunk and either drowned himself
or straig htened his features as a die
guise, said to McVicker: What il
the trouble with tho financial times9'
APES" replied MeVicker, promptly
.'Apes?' Fqueried.
Eyes. apes. We have been growing
. large crop Of millionaires in this
country in the past twenty years. Fol-
these genuine millionaires there are ia
many ape millionaires, fellows who
play the millionaire act without any
sense or basis, mere imitatory, like the
ape shaving himself when he sees his
master do Il. The failures now going
on are the failures of the apes"
We'll, said q person standing by,
knowledge is power, after all. The
people are finding out that not even
stock exchanges register facts. know
of 2 certain big stock, or series Of
stocks, which was deliberately listed
upon stock exchange, and that stock
exchange created. Or manipulated, to
keep the figure marked up AS long as
the quotations were high and the stock
was bringing six hundred per cent.
more than it cost, they could, OF
course, pay respectable dividends, but
that did not validate the bottom fact