The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1893-10-29
NOTICE.
II WEATHER.
MORE SCARED THAN HURT.

We take great pleasure in printing
herewith a card from Mr.. Peter Winnie,
Of this city. 1t concisely puts the
thoughtful opinion Of a conservative,
representative business man. 1t is full
Of quiet but firm assurance for the
future. Its application is particularly
to Helena, but all communities and all
sections may profit by ii.
To The INDEPENDENT: belong to the
class of people who believe there is but lit
tie cause for the present financial strin.
Rency. 1t is true some had predicted il.
but that class of people are always ''croak-
ing" Dunn and Bradstreet. the early part
OF the year. both said that the financial
outlook was bright. am fully confident
that the present stringeney originated
largely. if not solely. from the combined
war made by certain moneyed interests on
silver, and in order to carry their point
they attempted to scare the people, and
have succeeded only too we'll. Yet. they
did not scare the people as to our money.
for all are willing to take even our hated
silve.! But. they did succeed in making
them believe that great dangers were in
store In the future; and this state of affairs
came near producing the greatest calamity
that ever befel our nation. or course other
economic features contributed to make
matters still worse. The present condition
has been produced largely as follows:
!. The fesr that We might not have
money enough to do the business of the
country should VI have q complete de-
monetization Of silver.
$50 a C--nnnd ovSl oR.oA. ~ - >-A.:--a-,
tariff legislation.
8. The largo amount Of money locked up
In closed banks.
These three things have contributed
largely to produce a lack Of confidence and
. widespread feeling Of distrust. Yet the
people have confidence in our money and
are willing to take IL. and the writer be-
lieves that anything that will pus money in
circulation will help to restore business 10
its normal conditions. The question
arises. how can this be done, and is there
any likelihood of this state of affairs being
reached soon7 Answer:
/. Let an effort be made to hasten and
aid In the reopeninR Of our closed banks,
that the money looked up there may be put
In circulation. end the aid given In this
way will 20 a long way towards restoring
confidence.
2. Tho work On the post should be COM
menced at once.
8. All possible assistance shonld be given
the two railway enterprises new in tho
course of construction; the one towards
Castle. and the other towards Dillon.
With proper efforts made to encourage
these enterprises and the improvement
HhAti nIPoRhy NoNnr n~z ----l
effort to encourage and increase our aRri-
cultural products. We wall have a very
healthful state of affairs in a short Time.
Business has already commenced to i'm.
prove. The clearings of the various clear
Ing houses show an increase each week, and
! feel confident of a good business and bet
ter times for our section.
PETER WHINE.
1t is comforting to know that the
croaker has almost entirely disappeared
from this vicinity. His occupation has
gone. The worst that can happen to
Montana has happened. In the full
knowledge of the fact that the silver
purchase clause of the Sherman law
will be repealed the white metal has
lost very little and there seems no
likelihood of it's going any lower. Cop
per and lead stocks are getting low and
with the revival of general business
throughout the country the demand for
these metals will increase. The gold
miners have had q good year and are
prepared for the winter. Stockmen are
prosperous.
Montana merchants have met their
eastern obligations moro promptly than
those of other sections and their credit
is excellent. Our financial institutions
are solid and the first of the year will
find others doing the usual business if
they are supported by those whom they
supported for years.
BY the exercise of economy and pru-
dence Helena people are prepared for
the winter and the spring is full of the
promise Of a return of the prosperity of
former years.