The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1895-11-21
THE MANTLE OP PROSPERITY.

THE MANTLE OF PROSPERITY,
"Returning Prosperity" and sin
creased Confidence" still continue t
be the rejoiceful headlines over Asso
ciated Press dispatches. We pre-
sumo it is all due to the steady gal
made by the republicans for yea
and over. The only trouble abou
this returning prosperity is i
is so high-priced that only the YER
wealthiest seem to be able to enjoy it
1t is owing to the very high quota
tions at which prosperity" is going
in the markets that caused Missouri
to have a record of sixteen banl
failures since July 1st last The
awful high figures caused a $500, 00l
logging firm in the state of Wash
lngton to 60 into the hands of re
ceiver; the Citizens State Bank o.
Omaha to close its doors October
llth; the Everett State Bank OF
Kansas to close October 18th and the
State Bank of Fort Scott to close the
18th and the First National of vii.
mington on October 22nd; two bic
lumber companies of Michigan to fail
short time ago for nearly 5000, 900,
an Omaha mercantile house to fall on
October 18th for $40, 600; the
largest dry goods firm in Winona,
Mimi, to fail on October 25th; the
Frank Brothers Implement Co. to
fail at Portland the first week in No
vember; two banks to fail at Okla
homa few weeks ago; the furniture
firm Of l.. We'll to fail at Boise for
81, 600; private bank at Richland,
Iowa, to fail on October 18th; a bic
firm at Louisville, Kentucky, to fail
for 81, 200, 600 on October 10Th, dur
ing Carlisles sound money campaign
the Columbia National Bank to fail
at Tacoma. 1t is paralyzing to find
the Williams & England Banking Co.
failing at Salem, Oregon, on Novem-
Der l4th and the Leadville Savings
and Deposit Bank on NOVEMBER the
18th, right when republican gains
promise Increased confidence. " One
portion of this prosperity that the
poor mass can rejoice over is that
prices are going up in shoes 20 per
cent, lumber and nails vigorously.
farm implements considerably, stoves
and cutlery two per cent, coal slightly
and many manufactured articles me-
dunn advance. Again, also, the
richer class have cause to rejoice
over this prosperity on account of
the fall in wheat, grain, cattle, hogs
and all agricultural products. oSYou
take the buzzard and I'll take the
turkey, or I'll take the turkey and
you take the buzzard. But then
Bradstreets tells us:
When the conversion is completed and
is compelled to act wisely. it may
be concluded that the green
backs will be Cancelled Then room will
be made for very considerable amount
II gold, and the immense mass of Amer
can gold coin which is lying idle in The
Bank of England will be taken back
again, and more besides. The adOption
If wise policy, followed by great influx ,
VI gold will completely revive confidence
n the United States.
We are to suppose this bit of tinan-
'ial alchemy the proper treatment for
he disease which consumes us. The |
elief to be obtained from the retire
nent of all greenbacks will be as the
anclng or commercial stone hruise. |
)ur ideas are not clear as to why an
immense mass of American gold
S lying idle in the Bank of England,
tut suppose it is something beyond
he understanding of the laity. And
he only reason that we can see WHY
he crushing of silver and the wiping
mt of the greenbacks will bring an
cean of gold upon us is that it will
e thus enabled to earn vast profits
ere off the money needs of the peo-
lie. We are no doubt wild on that
heory, however, as it would be i'm
in us to doubt the wise
Judgment of plute journal.
mr.