The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1896-08-13
WHO HAS THAT MONEY?
A Few Pertinent Facts From an Agrl-
cultural journal.
WHY HAVE FARMS DEPRECATED
Loss of Hundreds of Millions of Dollars
to the Farmers of the
United States.
WHY HAvEFARMs DEPRECATED

Last mOnTn we stated, from olllCldl
records, that the farmers of the United
States, owing to a shrinkage in prices,
received $500, 900, 900 less for their
grain. tobacco and cotton crops last
year than in 1892, says the Farm Jour
nal. a Philadelphia paper with over a
million and half circulation. This
is very large sum to lose in one year,
but it does not represent the shrink
age in the prices of their live stock,
fruits, potatoes and other vegetables,
butter and cheese, poultry and eggs,
which amounted to nearly as much
more. Therefore, having had no sat
isfactory answer to our former inquiry,
we again ask, Who Has That Money?
Since 1878 the value of farms in the
state of New York shrank one-half,
entailing a loss to the farmers Of that
state many hundreds of millions of
dollars In the other Middle States
in New England ami the central West,
a similar shrinkage. if not so great,
has taken place We want to know
also. Who Has That Money:
Will no one give Il correct answer to
this question: The leading organ Of
the London money getters of our town
recently attempted to do this and in
formed the public that nobody has it,
that while the farmers have lost it, no
one has taken it, no one now owns it.
How's that? We supposed there was
at all times Just about the same volume
of money in the world now that
money was earned by the farmer and
belongs to him. vet he has it not;
therefore, where i it: Who Has That
Money?
1t is principle of physics that ma
ture abhors a vacuum; yet all that
money is gone and nobody knows
where. This is very strange.
O, YES. Western competition has re-
duced the prices of farm products in
values Then that money must be in
rhe hands of our Western brethren.
/ They must be very rich indeed. But
are they: ....
We requested the worthy Candidates
of the great parties to look around
among their neighbors and see if it
could be found there. They all said
not. 1t is not lodged among the citi-
zens of the mountain states nor can it
be found in the shot bags of the prairie
farmers the whole Mississippi Is
bare Of cash and the cotton planters of
the South deny having seen it. Our
Folks number full million and a
half but not one in all that number is
able to identify the holders Of that
missing wealth. We have applied to
merchants, manufacturers, prOfes-
siOnal men, mechanics and hired men
all in vain Not one can tell Who Has
That Money.
Now the farmer wouldn't mind the
loss so much if he was sure that he will
not be required to contribute like
portion of the fruits of his enterprise
and toll the present year to the same
unknown party or parties; but they
really do not feel able to lose any more.
Therefore it is important to know,
without further delay, and it is our
business to find out for them, Who Has
That Money:
We have not confined our search to
this continent alone, but have looked
for tidings Of that money in other
lands Seeking for information in the
columns of the London Times, the
great organ Of the London money get
ters, we came across an editorial that
may throw some light on the mystery
of the lost money. In plain type and
unabashcd phrase we read what fol
lows:
"It seems impossible to get bimetal-
lists to understand that there is quite
a large number of us for whom gen
eral rise in prices has no charms what
, ever We like them low, and the
lower the better. If they all went
down to half their present figures, we
should rejoice. because we have moth
) ing to sell, and "a great many things tc
buy. For those who have things t.
sell. we do not feel any great con-
Germ.
Nothing would please the American
, Farmer better than "a rise in prices fol
he has things to sell. Lower the bettel
/, may suit London, but it does not suit
us. But we are asked to wait unit
, those people for whom the Time
, speaks get ready for bimetallism or d
general rise III prices; bat since they
edo not feel any concern" for on
, welfare, we fear that we shall have tt
! wait a long time. England's import
, of things she buys were 800. .OOO, OO'
greater last year than her exports o
things she sells, so she is going to wOrl
her British gold standard and com
pound interest game as long as sh'
, can. You may like it; we do not.
A cablegram from London to New
York newspaper recently stated tina
"the banks are full, choked with idl'
!. money. There is now on deposit il
the bank Of England alone more thar
$3.50, 900, 600 more money than was ly
ing there nine months ago"
: Will the above extracts serve tt
throw light on the all important ant
burning question, Who Has Tha
Money:
| H. H. Hopkins. who is behint
t the bars charged with stabbing Jerr.
Q Wallace at Bearmouth last week
, waived examination before Justic
. Sunni1 a IhurSdau and 1yaS nlacel