The Butler weekly times., 1895-06-06
OtEkMYER AND SILVER
Views of the Late Democratic Candk
date For Governor OF Kansas.

Topeka, Kan, May 29.-David
Oyermyer of Topeka, who made the
race for Governor on the Democratic
ticket last fall, today gave the
Times correspondent his views on
the silver question. Here they are:
"Will the silver question be fac
tor of the campaign of 1886
'It certainly will be.
"Would it be if times were good?
perhaps not. That, however,
does not affect the permanent phases
of the question, but the general
business depression will furnish the
motive for popular action, looking
to the just settlement of the fnan-
cial policy of the nation.
"We are told that all that is
necessary to prosperity is confidence;
confidence in what! Certainly we
do not lack confidence in our money
it never commanded so much prop
srty or service before. And here
lies the difficulty. Men have more
confidence in money than they have
in property or enterprise. They
have more confidence that they can
profit by selling Qoaning) money
than they have in investment of
money in general enterprises. Money
is too dear and high priced as related
to lands and goods, given quantity
of it commands too much of the
commodities which the laboring and
producing millions must dispose of
in order to carry on their enter.
prises, to pay their debts and get on
in life.
"But why is money so dear and
high priced related to other forms
of property; is there not ample suf-
fciency of money in the country?
"Yes; such as it is. 1t is true now,
as declared in the Democratic plat
form in 1876, that Vast masses of
currency lie in the banks unused.
"Why does not this abundant
money circulate? Why is it not in
vested in other forms of property or
in enterprises of some kindf
Because it's owner has too much
confidence in his money and not
enough in any kind Of business or
trade, and he believes that he can
better afford to let his money lie idle
a great portion of the time and
await an opportunity to invest it in
real estate mortgages at from one
third to one fourth of the value of
the land, or in some other permanent
or semi-permanent investment, or,
in short, loans on guilt edged seculi-
ty, compromising and compounding
the interest as only short loans can.
So long, therefore, as the owners
and controllers of our money have
more confidence IN loans than they
have in investments they will reserve
their money for the former.
when they become convinced
that they can do better in business
than in loans they will begin to let
loose of their money, either to put
it into business or property them
selves or to loan it on easy terms to
those who will do so, and the money
will get out of the banks and go
flying around the country; it will
circulate and it will, by showing
itself, inspire confidence in the
minds of all that their substance
and their labor and industry will
yield sufficient return to justify all
reasonable undertakings, thus Great
ing a demand for labor, for goods
and lands, which will cause an active
interchange of all commodities, re-
vive trade, employ labor and bring
prosperity.
"How can we create confidence in
the mind of the money merchant
that it is better for him to put his
money out into business or loan it
on easy terms, than to hold it in
idleness awaiting permanent invest.
ments or short loans!
II answer, by causing his money
to command smaller amount of the
substance of the producer, and by
causing the substance OF the pro-
ducer to command q larger amount