Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1895-07-16
TUESDAY, July 18TH, 1879
MODERN CON'OUESTS.

OAAAAJ
under the head of Some Start
ling Figures" are beginning to
bear fruit rapidly. The moment
any business man comprehends
the fact that one third of the en-
tire amount of gold money of the
world is today locked up in the
vaults of nine foreign govern
ments, thus reducing the actual
money circulation of the world to
about twenty-five hundred mil
lion of dollars, as against quite
six-thousand millions two years
ago, the purposes and objects of
the Rothchilds and the gold brok-
ers of the world, begin to be ap-
parent.
If every voter of the United
States could be made to compre-
bend the real situation concern
ing this gold standard business.
it would not take six months to
place the United States on BIZ
metallic basis.
If within period of five years
the manipulation of the gold pro-
duct, are able to reduce the pri-
mary money of the world from
about eight billions Of dollars,
down to about two billions and
one half, and as a result of such
contraction of the circulating
medium, destroy one half of the
value Of all properties other than
gold, what will it not be possible
for these men to do in the next
five years?
It is absolutely self evident to
any person who will examine the
details, that real property, in
Minneapolis for example, has
shrunk quite one half since 1890.
and that is a liberal estimate of
time, A personal illustration
will be pardonable at this time;
because it is to the point and one
with which every citizen is famil-
iar:-In 1892 Mr.. George A.
Bracket was the owner of six
hundred thousand dollars worth
of real estate, almost wholly i'm
proved, in the city of Minnea-
polls.
. The proof Of this assertion lies
in the fact that the New York
Life Insurance Company, of New
York City, loaned three hundred
thousand dollars upon this pro-
perty, between the years of 1891
and 1893. Every business man
knows that these companies do
not loan in excess of one-half of
the actual valuation of the pro
perty at the time the loan is made.
When the city, state and coun-
try were overcome by the great
disaster of 1884, it happened
that Mr.. Bracket was unable to
meet the interest account Upon
these mortgages. and they were
foreclosed. The property has
since been sold to satisfy those
mortgages: There is not a money
lOaner on the face of the earth
!. who would give Mr.. Bracket
ten thousand dollars for his right
to redeem the above named pro.
party, which must be done dur
ing the current year, or Mr..
Bracket loses his entire rights
therein. We might go further
and say that no investors in real
property can be found in this
country, or any other, who will
pay over three hundred thousand
dollars for these properties.
The advocates of the free
coinage of silver believe that
this loss of fifty per cent of a for.
tune of six hundred thousand
4 dollars, by one of the most estim
able and patriotic citizens who
ever lived in Minnesota. is large.
" if not wholly due to the over.
throw of silver as primary
money, the consequent reduc.
ton in the circulating medium
and finally the boarding and cur:
4 tailment of gold-the only prima
ry money now known-to that
extent that it's purchasing power
has already been more thar
J.. :. -. ,,..z ,,
On the contrary the advocates
of the free coinage Of silver as
sincerely believe that If the bi
h metalic standafd sWeret0 be re
adopted by fha United States
& government homegrown, that il
twelve months rom this date
~. Bracket I priop erty.: WoulG
4 sell in the market for six hun
dred thousand dollars, just as
quickly as it would have done ii
b $50 Penny Press. /.
The above from the Penny
Press IS q graphic Illustration
brought home ,to specie facts
lehst tl,ree fourths Of ,th,
u ople 81 tie q United States az
recisely III tl,e.I IS s6f seo.s4l
rackett lfgnsSS slegils1a tlpp dur
the last five ears, which i
NH The china The policy be
& &