Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1896-10-08

.,, S~, anouh' 10 slosWVsUO or eD0Q0Q Who
rlat sse me debtors OF thess creditorsf The saw
v"r ,0 banks had' according to the reports Of
you !obs' loaned out about one-half Of the monev
ION, deposited with them on real estate mortoa.s.
We, and Invested the other half in limited stata.
~ bonds state, county and municipal bonds and
sm railroad and other bonds and stocks. The IN.
on' vSssments OF the life insurance comnsnias
a.o we're ABOUT proportionately the same. The in.
80 ,o's"en.s IN real estate mortgages are slwavs
~, p0io'aoiy IN large amounts, on property be-
:" longing TO comparatively wealthy persons mr.
se' 70 business corporations, Thus the debtors N
w 'nese creditors belonging to the toilinv massas
or are the United States, states and mnn;cinal,.
Ao' ses' railroad and other corporations and ner
%; sons very much richer than the creditors.
10, u. mere we have then, rich debtors owing to
=. Nv many miiiions OF poor creditors thousands of
"a millions Of dollars. ~
~ Inc silver orators pretend that they have the
- soiins masses greatly at heart and that FREQ
TO coinage Is to be introduced mainly ~ tha;.
&c benefit. How do they take care of the toil;ro
90 masses in this cases By bringing ma down
AZ upon the silver basis they simnlv ont down
VI sne thousands Of millions Of invested savings
oi poor people to about 50cents on the dollar
% ana Ior whose benefit Is this doneP For the
oenent OF the debtors Of these poor people who
!, Will gam about % cents on the dollar. And
y VINO are theyf Aside from the United States
~ anu the states and municipalities those
Y debtors are railroad and other cornorations
4 ana more or less rich men, whom our silver
i. irienos process to abhor very much as belong.
r M 70 the money power" Thus will the
hare ea s.anaaro bleed the poor creditor for the
ine masses pray heaven to deliver them Of tho
Tree coinage friends2 - '-'
How the Peoples Savings VIII Fare.
And what have these friends tn saw In .ho,. '
own defensei Twill again lot Mr.. Bryan's New l
fork grafton speak. He says first. with regard
70 tne insurance companies, "Since the total
premiums received exceed the total losses maid 9
rising standard must be of more beneat To r
.ne companies than to the policy holders"
now wlse' And that the companies may not
nave this benefit he proposes by the silver n
standard to strip the policies OF the policv
holders OF nearly half their valued But does v
not Mr.. Bryan know that most Of these com. cl
panies are mutual assurances, and that what n
benefits or Injuries the companies therefore d
benefits or Injuries the policy holdersp v,
80. As 70 the saving bank depositors he saws. VI
Under gold standard there is increasing =,
eaneer that the savings bank depositors will "a
lose their deposits because Of the inability Of W
sne banks 70 collect their assets " And to IT.
avert this danger Mr.. Bryan advises q policy .ol
wnicn would, by the introduction Of the silver ~
s'ahuard, az once cut down the value Of those VIZ
assets 70 " cents on the dollar. He further eV
says, III the gold standard Is to continue In. th
definitely, the depostors in savings hanks nav Cd
DO compelled to withdraw their deposts in ms
order to pay living expenses" Indeedl II ia !
remarkable fact that since ls7B. the veor ~ lea
the great crime, until 1885, during the ner;od ant
when we had to suffer all the calamties NJ the sys
eoid standard, the deposits in savings hanks oui
nave instead Of being withdrawn for living aoi
expenses, lncreased-positively increased
mucn over N,OOCOOW And they would sur ,
nave increased still more had not some denosit. bri
ors Withdrawn their deposits, not for living con
expenses, but to send them to Europe for safa moi
W out OF the way Of Mr.. Bryan and other PEG
friends Of the toing Masses They will no tic
doubt bring that money back as soon MS Mr. an
Bryan is beaten. 40 AAA' that
Leu US go on Almost every man in active wor
business Is debtor and creditor at the same Two
1lme-every merchant, every manufacturer Tvs {
Y creditor to his customers and debtor to vi
lhose from whom he buys. Let Mr.. BRYAN OF !
urlng On ms panic, and hundreds If not thou. 'nal
sands OF them although ever SO solvent under stir
ordinary circumstances, will break because just
.hey cannot pay what they owe, being unahla TIL
10 collect what is due them. """0'' .retfa
"Cheap Money" Fallacies, histc
But we are told that the Bryan panic cannot wou
ast forever; that finally the business ~ tha OF or
ountry Will ADJUST itself to the silver basis. have
nat then unrest will cease and that confidence n9ls'
nu prosperity will return. No. the unrast th ou'
ha .,,.' oo"ee ior WIN the establishment Of with
ne silver basis will come the disappontment peals
those who brought it ON. Be WI
Inc ultimate result is not at all uncerta,r
tier period of infinite confusion. disastsr ru,,
limitation, suffering and misery the Amer. hooar
~, people WIZ al last regain sanity of mind have
~ "rIrve again az some very simple conclu. demo
o e That, If you call peck a bushel. Won those
"a naVe more bushels, but not more grain. that !
you cail ioot yard, you will have more half 4
rus out not more cloth; If you call square tbev
u all acre. you Will have more acres. but with
Mt nv III - - 1ou oaii " cents or therei
ye moro dollar. hrt uoiiar' you VIII coinat
ed a great doal ,oss Ivy 'noie "ealth-ln- by on,
NJ viii have far lssa vnauoe ior wealth, for Sub
nestv W. sha 10, oreul1, because far less cont
at tho wit NJ mon navy learned again UNDER
es very hard-invent an economic svstor avos II
DER which everything you have to sell will nanS
GEAR and everything you have ia buy will stoaa
cheap And having got hold of these very roasa',
~ simple truths the American peonle viii satsa'
III IN sackcloth and ashes repent of this i'm VIII
10 Tree coinage debauch They will thop Will
ognize how wise the great civilized nations crad;t,
re IN adopting the only money in orr DAYS the d1
aole OF being the money Of the worlds WHOM
lmerce as their own money. We shall thon had y;
sufhcenty cured of prejudice to observe tboral
under that monetary system those ma. tnun,sa
IS have on the whole prospered notx,h. t;aaa >.
ldlng serious evils and drawbacks undar anna.;a
ch we do not labor and that the rate NJ in; uat
'st Is lowest where the gold standard hoe Nv, i.o
ted longest. We shall then understand that 10 'aNo
good thing to have the neoessares ~ s Uo S".
In plenty and cheap; to have wages risna ''a %a