The Delta independent., 1894-10-17


and that labor must antagonize capital
is the worst political hercsy that has
ever been rammed down the throats of
an intelligent people.
All great enterprises are the result of
the accumulated savings of past ages.
Capital creates demand for labor.
Without capital to back it, labor is value
!ess and every industry of the nation or
state stagnates. Ii you drive capital
away from tie confines OF the state, you
leal the death blow to labor, and pave
he way to idleness, poverty and distress
rmong the lai,oring classes, and the
complete annihilation of every enterprise
depending upon their harmonious re!a-
ion, including every line OF business,
nd every producer and consumer.
II spite of tho hard facts before US
that Populist misrulc has caused, and is
causing capital to be Withdrawn from
the state, and is seeking other fields for
operation, and that Colorado industries
are receiving their death blow from the
the short-sighted policy of our Populist
officers. Still in order to further deceive
the people, and to got another inning in
office, they raise the false cry that the
withdrawal of capital from the state is
only a political move by the old party
leaders and not tho logical result of the
suicidal policy of Populism.
The state OF Colorado on account of
its peculiar physical confguration, it's
rugged topography, It's variety OF miner
al resources locked up in its mountains
requires an enormous influx OF capital
for mining development. The fruit and
agricultural industries cannot be sue
ccssfully operated and maintained for
some years TO come unless aided by out
side capital.
From an agricultural standpoint, only,
much capital is required in state like
Colorado where expensive bitches and
canals must be constructed, in addition
to the necessary preparation of the soil
for the reception OF the seed.
The success or failure OF our fruit and
agricultural industries depend solely
upon the success OF the mining enter
prises. Situated as we are, over 1000
miles from sea-board, our markets are
confined exclusively to home consump-
tion.
To bring about 4 general prosperity
throughout the state we must develop
our industry and encourage manufact-
uring enterprises, thus increasing sup
ply and demand. The influx OF capital
into our state is, therefore, rri ne nee
essity, and essential TO our very exis-
| tcnce.
In period of general prosperity the
laborer finds profitable employment, the
producer finds market for his produce,
the business men sale for the articles
of commerce, and all men in all walks of
life come in for the benefits.
To demonstrate the fact that Waite
and Waiteism, poising as the friend of
the laboring man, is driving capital away
from the state, destroying every line Of
business. and taking the bread from the
mouths of the laboring man and their
families, We need only state few act
facts founded upon human experience.
Men who desire to invest care little
what political party is in power in the
locality in which they invest SO long as
the laws of surh state or locality are i'm
partially and strictly cnfored, and pro-
perty rights sacredly guarded and pro
tected. The eastern investor does not
ask large rate OF interest. Where n
large rate of interest is asked the secu-
rites are precarious aud the collections
doubtful. Tho eastern capitalist re-
quircs good real estate security. and
from TO s per cent on 3 to 5 year loan,
on a 10 year loan 6 per cent, and on Is
or twenty year loan 5 per cent. ~
All that the investor asks is that n SGT
OF men shall rule who will impartially
enforce. sthe laws as found upon tho
statute books and protect their property
and securities.
The experience of Kansas and Colo
bly, emphasizes the truth of these asser-
tiops, and the result is that investors
are withdrawing their money and plac-
ing it in other fields. Money has be-
come Ecarce, prices on produce have
sunk, real estate mas declined in value,
the rate of interest increased, labor has
no value and the business interests stag
mated.
After the panic in July, 1893, our en-
ergetic population began to turn their
attention to the other industries and
other resources, besides silver mining,
which had previously been neglected.
They had already mustered up courage
and confidence in the success of their
now undertakings. But January came,
and Waite, with few hot headed fol
lowers, against the expressed wishes of
the people, called an extra session Of the
Legislature with the avowed perpose of
changing things generally. Investors
stopped short. Nothing, however, was