The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-08-01
spokan.. Wash. July q 1908

Spokane. Wash. July q. 1895.
To the Editor: VIII you kindly answer
the following questions through the col
umns OF the ACKNOWLEDGMENT l desire
to know whether ! am right or wrong
In my views. and ] have no doubt your
answer will interest many OF your read
ers. In the platform adopted at Chicago
last week the old argument is reiterated
that Republican tariff law Is a breeder OF
trusts and uonopolies. Is IL not a fact
that every trust or monopoly n the
United States gained its wealth and
power by the use Of mechanical inve.-
lions? Also. is IL not a fact that prassi-
caliy all the great fortunes we hear so
much about were made in the same way.
or by spec1lat ting II stocksp
Is IL not true that stock gambling as
rule, Is done on capital borrowed At
low rates Of interest from hanks IN Now
York and other large cities and the
greater part OF this money Is sent TO
New York by country banks for safe
keeping and for the purpose OF showing a
big balance with their Eastern CORE
spondents2 And "a IL not true that the
country banks receive their deposits rrin-
cfnaily from rneG OF small means who
viii neither lend their money TO a neigh
Dor or invest II In business
II am right on this point. Is II not
srua that farm iahorers. professional nasn
and small business men are. IN an fnai-
OF the country with funds al from 10
per cent?
Have Republican tariff laws any pos
rihle thing TO DO with this state OF
thingsr
am reliably Informed tAa; the bank
deposits IN Spokane average enc and a
half millions. and more than two-thirts
OF this amount Is IN New York banks.
The favorite argument Of silver men IS
ma. on arcount OF the demonstration OF
silver gold has doubled IN purchasing
rsower That II Is ose-cent money. and
that shs borrower In raaidatinx his iersx
VII have 70 pay s. for 81 II this theory
e eo~resrt does Il nos follow that the
farrosr when he sells bnshsi OF wheat
for 20 cents receives n reality 81 ths
lahorfrw rsan twice tire amount ef wages
agreed uuon. the silver producer double
the market quotations. etc.
Is i rot true that IN large majority
Of sea the Cents o. the country were con-
sraotes long AFTER silver was Gernorstlxe1.
aaa that ss-cens money was reserved for
parer given nv the borrower Is this not
srs.s n every case % real estate ioars7
S8-~a silver was demone:s<ed has not
the government different states. coun-
ties ana cities sod beads drawing 8 lew
rate 81 interest ~ . premium and re-
eetxssa ess-cert money for tAsn7
+, xn~rsS 90 re generally believed that
rs-se~s were never 50 low a. the y~e.-
svs tf-De. Ia IL net true that from 80 TO
ts.ss exeset IN n fsw localities. there was
practically no cash market for anything
ara sha; during thoss years mechanics
workes ror about 3 cents day. eo~n-
rsors a4h.sr~rs A. from IS cents 20 - esrts
art wsre paid as rue n farm pzoauce
or ssore goods
Is il ros tree thai ssnicx cane tssxz as
agfan under free silver Lraea as tEzy
have since aEs were past "a severe
During the 1s-7 panic GA TIRE Western
reserve IN Ohte tta fail IN prices OF lard
was mere ffsn 50 per c~nr. and farm
prn2FcS Ia ANY cases I'D ros sell for
I acc2Sa n "a szxas naAxksx4 e ~