The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1896-05-14

struck goo goo. 1t tells us that ''the
banker is not buyer of things. de
is lender of money" and that the
banker "wants the people to have
lots of money so they will deposit
lots in his bank and then he can loan
out so much more" Now that is
lucid. Anybody can see into that
and reconcile the two statements.
Anybody knows the fusher one is
with funds the more he is obliged to
borrow; when the public is rolling in
prosperity and every one is rushing
in with their sacks of cash for deposit
the more numerous and bigger loans
the bank can make to them and the
higher rate of interest it can obtain.
But if people were suffering for
money, had none to deposit, had
none to transact business with, there
would be no market for the banker
cash and the bottom would be knocked
out of interest; and if now and then
loan could be made, property val
ues would have fallen, so that the
poor banker would be obliged to
take twice as much property for
security and have it on his hands.
Through contracted currency pro-
ducts would also be so low that it
would take twice as much to buy the
money to pay the meager interest, and
for years and years the banker might
not be able to get anything back
from the borrower but the interest;
and he might even have to take the
property finally, and as he could not
use it himself he would either be
obliged to sell it to get back the
principal or lie would have to rent it
to tenant for more money, which
might unfortunately be loaned out
just as the first had been, to in it's
urn travel the same road. Just
think of multiplied and multiplied
md multiplied instances, and repeti-
ions and repetitions of thisl What
IN awful condition the money dealing
classes would be inl Thousands and
thousands of acres on their hands
vice as much as the money loaned
,ut 1t would all have to be tenanted
II the absence of buyers and the
great rent rolls would all be useless
because it could not be loaned because
people had no money to depositl Yes
his rent money might possibly get
'lnched and swallowed up in govern
nent bonds, which it would not have
'een necessary to issue if the people
lad plenty of money to buy tariff
With. And they would have had
he money but for the contraction of
he currency. 1t is plain, then, untold
lis result to the banking and money
interests through contracted currency.
t is a simple proposition and we are
70 longer surprised at the Tribune.
rs stated, the opening extract eluci
ates everything we at first desired
D know, and floods all our blunted |
understanding with the most effulgent
ght, but in order that it may be in
elibly impressed and never slip from
s again, we ask the Tribune to
indy go over the ground once more.
nd Others may not have caught on
he first time. If redemption money |
contracted one half, to the single
old standard, will that base be suffi-
lent to sustain commerce? Will it
old up under the enormous burden
ut upon it? Will the poor classes
e better off under it and business
lack up with the wealthy classes?
What will be the resulting conditions
single standard? How will
lings adjust themselves under those
pnditions? What shape will they
e in after they are adjusted? How
Ill the nation and the people pay
lelr debts under your gold standard?
on have made that clear to the
IdNAL, but there may be others who
ave not caught on. A repetition of
our explanation may aid them.