Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1895-11-05

that the people OF this country
may awake to their duty, and .ef-
feet the needed reforms at the
ballot box. c.. j.
-. REFLECTIONS.
Clough Bros, of Minneapolis,
one of whom is Gov D. M.
Clough, made an assignment a few
days ago, liabilities $175,000.
The Governor says he hopes the
the firm will be able to pay their
creditors in full.
A few years ago the Clough
Bros. were fairly worth in the
neighborhood of a half a million.
But of late years our legislators
in congress have by monetary
changes been making our money
so sound and so good and the dol
lars so large, that it takes about
twice the property now to get
one, that it did in 1890, The con-
sequence is that ittakes a half
a million dollars worth of
property to pay 100000 of debt.
Hence the big firms that have
large stocks of property on their
hands, and do big business, and
as a consequence are more or less
in debt, are getting practice les
son in sound money finance, and
it's accompanying bankruptcy
proceedings. For the rear guard
Of sound money-that is the gold
standards bankruptcy, In one
sense we are sorry for Gov,
Clough for we know he deserves
better as a business man, in an
other sense we don't know as we
are, as all large business con-
Germs will have to go through the
same process in due course of
time. And the sooner man is
through with it the better.
Years agowhen men believed in
the moneyof the constitution and
humanity, it was considered
somewhat of a disgrace to fail in
business. But now, when men
worship gold and the only way
they can get out of debt is to
make an assignment, it is be.
coming fashionable nay, high.
ly honorable to fail. In fact the
man that cannot fail in these
times isn't worth much of any
thing. Hei is the man that spent
all he made during the good
times and has nothing, and hence
cannot assign.
This universal bankruptcy Of
our most progressive and enter
prising business men is the
highest glory and undying fame
of our present system of soun6
money, to wit: The gold stand
ard and bank credit. People
sometimes talk as though it was
the poor pop-farmer. alone tina
suffers from the gold-bug. Blu
it is not so. The gold bug likt
the Egyptian frog jumps right in
to the very dish plate of a Cover
nor Of a great state, and grabs tn,
big executive by the throat ant
trottles him. Republican conf
deuce, of which the country was
;. overtlowing last fall, couldn't CIV
en- scare him away. :: Just wait
By and by the biggest of the OLE
party bosses will be calling To-
the populists to come and saw
them from their own idol, tn
gold bug. But like Pharaoh the,
have hardend their hearts, ant
Mr.. Gold bug will have to sent
d most Of them over the hills 10th.
poor house before they will re
. pent. The experience Of wan
and poverty is the only lesso1
they will heed Hence we fee
like praying as the old scotch
man did ming his way
! ward son; g Lord if il orde
to tame them, thou hast to put
: hook il their noses, dose g I,or
land giVe:t hon 9; good jerk 3 &
/.
q
! friend sends Us. the following
Z s. have some none don tie,
9 Iactl,yg kno Wv hat to- do with
e lam offered al eight Of land
s livery reason able terms
81 policy g buy land live yot