Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1894-10-12

~ WIN IL vi IN
commercial counties attracts greater atten-
ton than what is usually described as the
glut of money. AS compared with this
time a year ago, the Bank of England, for
instance, holds specie to the amount OF
about sos 900, 900 more than was in its
vaults at this time last year.. Thu reserves
OF the Bank OF France are some $40, 000,-
600 larger than in the autumn of 1898, and
the increase in the holdings OF the German
Reichsbank are but little under that amount.
The last report OF the associated banks of
New York displays an increase of $50, 000,-
900 in cash reserves, and, in spite OF the re-
cent revival Of demands for money, shows
All idle surplus of nearly $60,O0O,O00. while
some 5000, 10000 is lying useless in the
Bank OF England. Money, in short, is a
drug. Nor does the end of this situation
seem to have been attained. The attempts,
whether in London or New York, to insti-
tute a speculative movement which would
furnish temporary employment for these
accumulatiOns have not thus far been sue
cessful: and developments of commercial
activity and legitimate business in lines
which. up to the moment, cannot be clearly
foreseen, must furnish the outlet for all
this unused and u~nproductive capital.
There would be no glut of money it
capital had not became alarmed at DEM
ocratic legislation and populistic pre-
lenses. Poverty IS always bold, and
like desperation at bay, ready to
attack passers by, while capital legitim-
ately used is always timid, ready to re-
tire into disuse at the first cry of alarm.
10 maintain perfect confidence in the
producer and the accumulation is or
should be the highest aim of every party.
Such confidence existing under repub-
lican supremacy has been shattered and
destroyed under the administration of
affairs by the democrats, together with
the knowledge of what the populists
would do if they were IN power. They
know the government has been compelled
to borrow large sums of money, to meet
current expenses, since the advent of the
democratic party in power; that there
has been in eighteen months of 1884,
2O,395 failures Of business frms-the
largest number ever known in the same
length of time. They have allowed, in
fact, forced more by the threat of what
they will do, than by what they have
actually done, the water to pass un-
used over the hundreds of thousands of
artificial waterways erected by repub-
lican enterprise to turn millions of
spindles of industry, thus forcing capt.
tai from It's legitimate occupation, that
of fostering and maintaining industry,
and compelled it to either lay idle in
banks and safety vaults, or engage in
Legitimate speculations, such nefarious
schemes as the whisky trust, sugar
trust, and other trusts, encouraged by
democratic legislation which populist
senators assist in enacting. This, aided
by the crazy howl sent up from pop
spell-binders-t that a printing press and
pop supremacy is all that is necessary to
make every man a eapitalist--together
with a knowledge of what populism has
done in Colorado, Kansas and North
Dakota, has frozen the life out of every
enterprise in which capital a be prof
itably used. The country at large has
learned this, and as fast as the wheels of
time carry them to an election, they are
saying SO by large republican majorlties.
Everything has gone republican this
~year,except the 'clay-eaters"of Arkansas.
Even Kentucky has reformed to the ex-
tent of choosing a horse jockey in place
of a libertine, as one of her congressional
candidates.