Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1895-07-20
DECLINE OF The CRAZE.
wIghty Evidence In tho Free Silver Con-
troversy.

q AUf the times are very auspicious, so
far as the silver craze Is concerned.
This view Is continually supported by
advices received at the chamber of
commerce both by person and letter.
1t is confined alone to the merchant or
banker, but 1t is reflected in every
avenue of business.
Among the more prominent ones
who have been careful observers of the
trend of things in James c. Fargo,
president of the American Express
company. Mr.. Fargo has pretty good
opportunity of gauging the situation
among the masses and the classes, and
had this to say as to the outlook:
ut seems to me pretty evident that
the silver craze IS subsidng; all signs
indicate this. 1t would be very good
= thing if it were buried four hundred
feet deep and could not be resurrected
again. 1t is nothing more or less than
the echo of the greenbacl< imitation
that occurred few years ago, do
not believe that the silver will
cut a serious figure in the business
world much longer. 1t seems to be on
the wane and the one thing that is
'NfsN bringing this about more than any
other is the constantly improving busi|
ness situa tion. Our business has been
slowly improving for several months
past. We noticed it first in New Eng
land then in the middle states and
finally all over the country.
Il am confident that the promised
/. tt prosperity will be permanent. With
farmers, mechanics and everybody at
work l do not imagine you will hear
much more of the silver question. I'm
less am very much mistaken, the sill
yer tongued orator has had his day.
Honest money is the life of trade, and
q" people will certainly not be carried
away with any wildcat notions of
finance.
II am persuaded that the silver craze
has spent its force, and were 1t not for
the politician it would soon drop out
of sight. OF course, the political par
ties are making the most of the issue in
n the hope of getting all the votes they
can, but it is my honest opinion that
no president be elected on any but
-r a sound money platform. Indeed, |
feel pretty sure that the presidential
candidates will have to declare their
position on the money question before
they can enter upon the campaign.
The great mass of the people are
imbued with good common sense, and
they certainly will not elect man to
the presidency who has any notions re-
,-- garding the currency question that are
not sound and in line with the best ex-
perience.
~ am opposed, of course, to free
silver, but feel so confident that the
sound money cause will triumph and
that the silver craze will fall by its
own weight that do not thinkit will
be necessary for me to advance any
arguments to support the work the
chamber OF commerce is doing.
Il am confident that the prosperity
in sight for all the people, as see it
reflected in every line of business, will
be the most effective argument against
fallacious financial schemes"
President Henry ID. Nee ord, of the
produce exchange is one of those who
believe that the silver craze has spent
its force. He is very emphatic in
stating that practically the whole prod
sf uce exchange, numbering some three
thousand members, is unit in favor OF
sound money. In order to demonstrate
60 this fact President McCord stepped tc
the -ntrance of the building the other
day and said: Now / will show you
just what the actual condition of af
fairs is by accoStiug at random mem
bers who happen to come during the
next ten minutes" Sure enough
every one who entered was button
holed as to his position on the silver
question and answered promptly rha
he was gold bug
You see we are all for sounC
money, continued President McCord
I'VE feel that our interests are iden
titled with those of the farmer in de
manding good currency system, anc
any scheme that tends to debase or de
preciate money, such as that advocate
by the free silver people, seriously af
fects business 1t may interest you t
aaaa know that the indications on chang,
are that things are picking up every
where. There is slow but gradual i'm
provement all along the line, and WI
feel that business will, in the fall, as
~ sumo its normal condition, and every
thing will go with boom. The silve
q agitation is largely due to the hare
times that came upon the country. HaC
there been no depression it is doubtful
whether we would have heard any
thing at all of the silver craze. Blu
things are righting themselves just a
they did after the greenback craze ha'
hourished like green banyan tree TO
a time and then dropped out of sigh
when business began to improve s.
it will be with the free silver craze
The returning signs of prosperity
noticed on every side and the genera
and gradual improvement in busines
will soon'cause the silverite denizen t
be as dead as "a doornail Why, in tn
produce exchange we feel so confden
things are mending that you hear littl
s3i talk of the silver question, Every
body thinks the free silver cause is
lost cause There is no possible shoN
for it. You can put it down that tn