The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1895-04-16
COWS EiNA NolAL SCHOOL,


COWS FiNA NCiAL SCHOOL,
Making Converts Rapidly and Every
BODY Talking Finance-rhc Yves,
and South are Conceded for FREQ
Silver.
A Chicago firm has recently printed
a little eOok entitled Coins Financial
School" which is creating sensation
In the Northwest. The following cor
respodence between Secretary j. Stsr-
ling Morton and Mr.. j.. II. Buchanan, q
prominent railroad man in Nebraska
will be read with interest:
| United States Department of Apri-
culture, Office of the Secretary, Wash
ington, y. o., March 81, 1S95-Hon.
John Dewitt Warner, New York City.
| My dear MIR. Warner: The enclosed
letter from j. II. Buchanan, general
passenger agent of tho Fremont, Elk
horn and Missouri Valley Railroad
Company, at Omaha, may be of inter-
est to you. 1t is reply to one written
him by me, in which 1 thanked him
for bis earnest efforts in securing the
publication of "a creed Of mine, A Few
Facts in Finance in a great many of
the patent inside newspapers which
are circulated out West.
My object in sending you this letter
OF Mr.. Buchanaa's is to give you a
| thorough-going business mans views
| of the situation. The letter shows
how fallacies flourish among the fl
nanciers of the West and South. The
letter also points out the necessity OF
immediate, coherent and organized ac-
tion in behalf of sound money.
Having read the same (you may
copy it if you desire TOY, L wish you
would return it, and will then write
Mr.. Buchanan. Possibly our friends
by seeing Mr.. Buchanans communica-
tion. Very truly yours,
j. STERLING MORTON.
Hon. j. Sterling Morton, Washing
ton, D. G. Dear Sir: am in receipt
Of, and thank you for your letter.
In my limited knowledge of this sub
ject, | am able only to see and to an ex-
tent appreciate tho very evil effect be-
ing extended by the so-called free sill
yer interests in this country, and [
hardly think this is appreciated in the
great CenterS.
AS you arc reasonably aware, am
travelling q good deal and meet and see
people from all classes and places, and
the wave of this baneful idea has al
most reached an epidemic condition,
and unless fully answered in kind,
both great political parties will be
Obliged, in response to popular demand
to either incorporate substantially
free silver plank in their platform, or
else disgraceful straddIe
No doubt you have seen little book
published in Chicago called Coins
School of Finance" The first book
has reached i'm edition OF 100, 900, and
recently another book OF the same kind
from the same mill has been issued.
They are attractively written ana to
the novice in finance are u convincing
argument. They pretend TO quote en-
inent financiers Of Chicago and else
whereas for instance Lyman j. Gage,
Joseph Medill, and others AS inject
ing objections embodying their most
formidable arguments, and then pro-
ceed TO answer them effectively and to
complete silence.
Now, this little book | find from
newsdealers. is sold ten to one of auy
other. 1t is sold and read on trains to a
disgusting extent. 1t is IL most enter
tanning little volume and see it is be-
ing read on trains, in depots, discussed
In local lyceums, etc, everywhere. 1t
Is sweeping over this country and in
my OpiOn should be answered by some
that answer should be written with an
equal y facile pen. | understand this
little book has been purchased in large
numbers by silver people and dis
tributed gratuitously. | do not know
this, but do know that it was on the
market here at 10 cents per copy and
sold immensely. II seems to me the
banking interests should take the re-
quisite steps to publish q reply in
equally attractive form, ana put it on
the market at the lowest price, us per-
haps, :" An AntidOte "rcply to Coins
School of Finance" etc.
10 show the effect of this little book
"a rather Intelligent country banker
called on me recently with the book
and asked me If | could answer it, say
ing he was nearly convinced there was
hope in the policy suggested and this
against his will said it was read and
then talked in his county, and was
making votes more rapidly than any
thing he had ever known. | referred
him to our bankers here. He said
later he had talked with some who
passed it over lightly and did not re-
ply.
My Judgment from the present out
look Is the eastern conservatives of
both parties are likely to unite, and
possibly r1nOmlnato Mr.. Cleveland,
who will caTi'y the East and South, no
doubt; (theSEast on his able. honest
conservatism\ \and the South because
they could mover vote other than the
Democratic ticket, thus insuring
vote which would olect).apd tho West
will undoubtedly support Populist or
free silverite unless there is great
change. If this is not done feel the
election will be thrown into the houae
as the result of three tickets being in,
the field, in which case the balance of,
power would be with the free silver
interest. | believe a;votc today on the
naked question of n l6 TO ] silver plat.
form, Nebraska would give it major
ity of so, 900 or near it.
These suggestions arc for what in
formation yOn may be able to CLEAN
from them. believe the situation is
critical and Of Importance.
Yours truly,