People's voice. [volume] (Wellington, Sumner County, Kansas) 1890-1917, 1896-07-30
Geldbug Admissions.

umns Of the Omaha World Herald,
of which Hon. W. J. Bryan. our can
didate for president, is editor. The
clipping contains extracts from and
comments on some statements taken
from the New York Sun, edited by
Charles A. Dana, and which has
bolted the nomination of Mr.. Bryan
for president because of his attitude
on the financial question. We COM
mend the same TO the careful perusal
of our readers; and submit, Tor the
arguments sake, that if, as Mr..
Dana says, "The owners Of real es-
tate and of tangible property will
neither lose nor gain by any al
teration of the money standard. No
harm can be done to either Of these
classes, so no one need have any
fears on their account
And further if, as he continues:
Everyone who has money at his
disposal can protect himself against
loss through free silver by convert
ing his money into land houses and
merchandise Of various kinds" then
what necessity is there for fear Of ap-
prehension on the part of that class
of people? For if they do not thus
protect themselves, they and no one
else are 10 blame.
"And if" as Mr.. Dana further
says, ga man borrows more money
and uses it for the purposes, he will
make profit on the transaction at
the expense Of the man from whom
he borrows," how in the name of
common sense does any man expect
or has any man who loaned another
money ever expected the borrower
to pay either the interest as it ma
lures or the principal when due, I'M
less the borrower charged with these
burdens can, to use Mr.. Dana'S Ian
guage, "make profit on the trans
action" and as to the Expense"
spoken Of by Mr.. Dana the interest
is charged and paid to compensate
''the man from whom he borrows"
for parting from and the use Of bis
money for the agreed period Of
time.
"The man from whom he borrows,
or everyone who has money at his
disposal" has the privilege and op-
ton of not investing his money at
all or Of converting" it either into
the property of the borrower, "his
lands, houses, merchandise of vari-
Gus kinds" by direct purchase, and,
as Mr.. Dana says, thus "protect him.
self against loss" or to invest it in
the direction Of loans upon the credit
and property Of a borrower and his
promises to repay the principal and
in addition 10 pay fixed rate Of in
terest thereon as compensation for
the use Of the money which both
understand could not be done, and
would not be agreed to be done I'M
less it was expected that the borrow
er would "make profit on the trans.
action" Men would be foolish in.
deed to borrow money and give as
security mortgages on their homes
unless they thought at least that they
could make profit on the transac-
ton"
"The profit on the transaction" so
far as effects "the man from whom
he borrows" is fixed, agreed upon
and certain to accrue, and does not
depend on the frequency of rain,
absence Of hot winds or in any
manner on the uncertainty of crops,
or any other of the vicissitudes of
life; while on the other hand to the
borrower "the profit on the transac-
ton" is purely speculative and un-
certain-affected by drouth, hot
winds, chinch bugs and numerous
other causes with which our readers
are only too familiar.
This certain income which accrues
to "lhe man from whom he borrow VS.
is the reason why Everyone who
has money at his disposal" prefers
to invest his money in mortgages on
property rather than "convert hi:
money into lands, houses and mer.
chandise ofvarious kinds" So fore.