The morning times. [volume] (Washington, D.C.) 1895-1897, 1896-08-02
"Put Yourself in His Place."

that confrons thoroughly understand theerrbe
panic that threatens every thong citizen should
deavor nearly possible mentally put himself in
the place of of 1t is easy to talk of
oEerthrowug the money power say that Congress
could enactlaws relieve distress caused by
tary upheaval, but careful Investigation of the ques
ton will show that such talk idle the vagaries of
a summer zephyr No popular movement has ever yet
caused the downfall of moned Influences could this
government issue safe and reliable money to avert a
money famine in the face of existing conditions An
other important feature of the financial controversy that
Should Be thoughtfuy considered is the proposed at
tempt Of syerite leaders to fight the money power with
monetary weapon At the end of the the silver
ties will have had the experience and capital will have
the money
- Stop and think what you would do with money at the
present time with such dark outlook for the future
Consider if you would invest it in business when there
strong probability of its loss. Decide if it would
be wse-to hoard it until financial troubles
over and safe to make satisfactory investment That
lis precisely what every of affairs doing The
prospect of silver standard and panic is frightening
money of circulation and it will spoil in vaults,
it rapidly being withdrawn and stored away until the
danger point in public affairs has been safely passed
Employers also curtang expenses to be ready for
the financial storm. Large corporations refuse to make
improvements enlarge their business banks
calling loans and declining to extend credits and gradu
ally the demon of money famine is spreading its wings
the country Every discharged and every
dollar withdrawn from circulation by contraction of the
volume of business makes times all the harder and hasens
the day Of the panic Can you wonder why this is SO?
Then put yourself in the place of of who has
business interests at stake and if you would not
also curta and hoard your money rather than
risk almost certain osswhen there is danger of
of bankruptcy.
Let look at the threat of overthrowng the money
power from another and still alarming Standpoint
There about six and half billions of dollars of
Indebtedness in this country much of which placed
the property and homes of farmers and
During the two three years of money panic that
seems almost inevitable, Of these mortgages will
fall due, and The Times asks you who will
the greater share of this property after
it's probable foreclosure The hard times that will
with silver supremacy and scarcity of money that will
surely follow will make it absolutely impossible for
ers of mortgaged property pay their debts and
of would buy it in at sheriff sale for almost any
price they might offer. All who mortgaged property
and every who is trying buy little home
the nsallment plan should first consider if he af
ford its loss before supporting the free silver party for
certain that party wins the November election
sure we to have money famine and panic.
Silver leaders exultanty assert that free silver would
give money and increase prices and business
Their claim calls to mind the old recipe to cook hare
Congress could pass coinage bill in the face of the
opposition of the sound money Senators for two
years, until reorganization of the Senate When
that is done have rot sufficient mintage capacity to
than $40 600 900 of silver year. how far
would that go toward relieving money stringency? OIL
minis could be built and machinery
ufactured, but it would require year or two of time
after the appropriation made Meanwhile what
would become of the country? Instead of overthrow
of the money power is predicted by the silverites
good share of the country would have been bought by
that Objectionable element at sheriff sale long time
before free silver policy effectively established
Then what is to be done to avert this calamity and
give prosperity to the masses? Stand for money
restore confidence in financial circles Encourage the
liberal Investment of capital by dscouragng all attempts
debase money. Sound money and sound business
principles and inseparable and without their en-
forcement and national recognition expect to
prosper.