New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-08-12
yE WEDNESDAY AUGUST 10, ls9a-FOURTEEl
finaneial.
THE MONETARY TRUST.

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THE MONETARY TRUST.
TO WILLIAM J. BRYAN. CANDIDATE:
Won come To a great city. Heretofore 1t has peeh
,ovou, and prosperous city. but gloom has Sehe "P
everv business circle. and anxiety has come 10 e''
80, s,,ce vou announced your coming. We rear So"
W. holove Won represent the worst ei""'"'s ~ -
-. 10 vo,- side we see Dehs and those who thrNe
u,er law, are broken: Atgcd and those VINO su''' "
undermine the courts upon when we nav. 80 =. .,,
lection: Coxey ami those who lcaFe u'f'' " -,
about In demonstration against es'aps"'' .. -.
r,u,lror Linn and Others who preach in's''S "s"u'
..,,..o" We shudier because such men ana 'he pm"
cules YOU represent have brought des'''on anu 100
ton upon worthy people in every Crisis o' ",',' ,,
!, ls not because believe many ~ our '''~''' 49,
naturally favor the dangerous policies you preach Du
are anxious lest MISGUIDED honest voters unde' 'e S
., or.r,i nIsfor,une may able 70 reason troush
YOUR theatrical rhetoric or look beyond your '''"'
are at the demons OF disaster which lurk "hn' s""
We realize that we are a period Of indis''@' ~
nress,on Those o who have spent "u' Two ~
6nance and In study ~ economic questions kno" tna' ~
depression has been world vide. that II feh alike P
those countries which are on a gcid OASIS anu "p'
countries which silver BASIS tnd' '7'''"
prosperity and periods Of depression have f''low' ~
other through entire history OF civilization ina" sun
Alterations arise from the effort OF mankind 10 ''
nature and improve hts condition; that periods Of
sion ar. brought abou, by natural causes AZ" ' '
he
tre and more careful obedience to those laws W" N'"
ho, Germany France and England have recovered from
their depres sion and that our own country y "''' Jun
only because the dangerous principles you represent nave
doomed M before us - s
Won raj, 10 TIE poor as against the rich but you show
TIN, you 10 M, understand present distribution 81 this
covntrv's wealth There never were 50 Few poor peP
IN any land have in this lana TONY ""
who are poor kept down only because OF pn' S'"
mental defect, Such poor will bs always with Us 90
few
,s becoming constantly difficult to acquire large i
tunes There has been gigantic economic ''
this country favor Of money saving lnnuS'''o"S
The present. this counrys wealth 90 not "'
+, ~ -orr, r-bev are not conspicuous They handle
mons and carry, dinner pala Such own all inc vast
deposits savings banks; they hod u'ua'' e'P "
tho life insurance companies. building ana loan "S''
lions and all other great organzations they own ,e
money In the companies; the American oN".'"P
~ our railroads 10 in their hands. The Chicago, Burning
ton G. Quincy example which has heipeh 10 'e'''p
,r own state held in general distribution 'hd'
the average TO individual Is only sixty shares lhes
own the industrial corporations The stock Of the amer
can Sugar Refining Company. for another example II
hold in such distribution that the average no"s
are bur ninety The 'act IT, these po'en'a' VI
the dinnerpa own almost everything They have grown
relatively rich with rapdty than similar people "
any country in any epoch history. Nor have such men
ever before In any received as large income a.
nresent wages Weld when compared with present SS' "
cossar,es Of NE When you capital and nights
money saving men As your policies have become con
spcuous they destroyed values owned by suoh men
in cruel manner II national calamity should place th's
IN the hands Of yourself and associates even
those shrlnken values would be in large measure torn
from the hands OF those earned them TO he dis
trbued among your followers who have nothing ana are
nothing You believe that his crushing decline IN Naues
has been anipulated by brokers" Let better inform
YOU: Your crsades against courts the rights OF properly
and money standard have alarmed all men who
have saved something and have Increased the rsHs Z"
purchase that values made Vulnerable Inc SUM-
Ing has fallen upon humble scattered over
the whole United States: but the money has been ihae
By certain professional manpuaors who trade upon your
candidacy They are the brgands OF Wall Street and are
your only followers that locality. As It Il now IN an
Street will be the whole country over IN the event OK
your election Your will be the pirates ana an
the innocent Of the country VIII De the VIZ
You tell your ieuded followers the free coinage ~
silver will price Of wheat and other pr2du,,S
dent The price Of wheat is made by influences Thieh
cross each other In the midcle q, v conptrv New
fields in remote OF the earth have been developed
harvest tine somewhere the ship, that pass in the
night in perpetual competition de'ere ne psrcbant
Of that 9Eesn COUNTRIES nitric VIII pay more eo gr
than for similar cargo from sogeas country Try
das not w aFan NOT avaSc the price OF wh
simply reduce relative value Of legal money It would
h aaf a GTt 11 ip money Would be harder to
funds for the development OF some enterprise located in
Inc South or West. you believe the South and West
will be as prosperous without such additional capital
for the wageearneTs OF those 10
calIties II such enterprises established? DO you
imagine that capitalists OF the East or Europe Will pro
vide such funds unless assured that they VIII receive
back money the grade? Where VIII the Sputh
the capital for such new enterprises
The fact is Bryan have put the develop
ne OF South and West beyond the reach OF ue
present generation will be better for the country
You are out OF your depths; you away from your
mornings: YOU are financial Unatic running about with
drehrands in your The policies represent nave
sent money out FOR years. DO you claim
that United does not need foreign capNa AZ
this early stage DEVELOPMENT? We beseech you
standing before a New York audience. 20 abandon
generales and metaphors grapple directly with these
money come I'm policies are inauguraed'
the capital Will come which
will establish enterprises and give employment -
our wage-sarnera? believe the greatest prosperity
ror this country only from or foreign
money with American labor. Bv such union our country
will he rapidly developed and abundant opportunities or
fe-ed lahorers improve their condition.
The officers OF Monetary Trust are not 'fepuol
cans they democrats. We are simply trustee.
FOR many people living the South and West ana all
parts Of the United who striving 70 improve
their fortunes by relying upon the good faith of the
We believe that this country can never
he fully prosperous while Brvansm hangs threatening
darkened American credit caused values Of all our prop
critics shrink savings Of life from thousands
Of worthy caused all those who have saved some
thing n stand haied and aghast II your conona
ton II evil men and ignorant should place this
Government IN hands and those NJ YOUR associates
civilization itsef would shrink the Nations development
bo gloomy century and all mat we love
uorflDo undo erlip