The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-09-15

rue monetary trust, or 90 broadway,
New York, has addressed the follow
Ing circular TO the farmers Of Ameri.
en-. 1t is not a message from Wall
street. but from an institution entrust-
ed with the money OF common poo
pie" throughout the country:
To the farmers OF the United states:
You and We arc nav In crisis to-
keher. Because OF this fact, We send
You ms message. We know nothing
about farming. We have Rncnt our
lives In finance. You know how to fol.
low the laws OF nature In such man.
ner that the earth Is made TO yield its
products, There are other natural
laws which must be obcycd. In finance,
II the products OF earth are to be nd
vantagcouSiy sold. the value OF your
lands constantly improved, and pros
perity developed In our midst. The
monetary trust Is the trustee Of many
men OF moderate means. located In all
parts OF the United States, and the
Institution was established to battle
against the evil elements OF Wall
street. No patriotic, thoughtful cItl-
zen would undertake u crusade against
the better elements OF Wall street. To
do that would be acting like the Insane
farmer OF Kansas who tried to search
out and cut out the cords OF his own
heart As wheat Is gathered nj Mil
wRukee or Chicago for redistribution
interests OF the country, representing
thnse Interests which are vitaI to tte
prosperity OF American farms and
equally vital TO the prosperity OF the
genuine elements OF Wall street. we
are able to give IN accurate under
standing OF the political and financial
Influences which have crushed US all
down together.
In former years you received high
prices for farm products, and at the
same time you were paying high prices
for shoes. calico, plows, everything.
AT that time We were all enjoying
prosperity. We were having n period
OF Industrial activity. During such a
period all prices are relatively high,
because in such times people. gener-
ally, have money, and buy freely things
TO eat and things TO wear. During such
q period also speculation becomes ac-
tive and advances prices. Therefore, in
such times. legitimate consumption and
the greed OF SPECTATORS work together
In your favor. During times OF de-
preston, on the contrary, prices are
low. because people cannot buy freely
What We need Is general prosperity,
which Will Increase consumption.
No power on earth can sustain prices
unless consumption Is Increased or pro-
ductlon decreased. Consumption can
not Increase unless the people have
money 10 eNpend. and people, generally,
cannot get money unless 1t clrculates
Money nj
when capitalists feel safe in relying
upon the good faith OF the people, when
men trust each other, and trust the
laws and policies OF their government.
When capitalists are perpleXed with
doubt. or alarmed. they withdraw their
money from circulation, and the rate
OF interest always advances In exact
proportion tlnlt doubt and danger in
crease. In London. the tranquil centre
OF Old World civilization, the rate Is
only l or per cent. In New York
City, on bond and mortgage. the rate
Is four or five. Travel farther into
states where values are still more
doubtful and the risk from local laws
greater, and the rate Is ten or twelve.
How Farmers Would Suffer.
At this critical juncture, because one
political party boldly proclaims itself
the enemy OF society and hostile to ex-
,stinS laws and courts capital Is lit
orally frightened away from all enter
prlses, and much cannot be had at any
rate OF interest. II national calamity
should elect Bryan, farm mortgages
could not be renewed on any terms, and
the selling price of farms would de-
cline until they would not bring the
amount OF the mortgages. The officers
OF this company have certain personal
acquaintance who recently planned To
build beet sugar manufactures In Ne
braska. Such manufactures would
have given farmers In that locality a
market for one new product and bet
ter home demand for all products:
but capitalists are always timid, and
they abandoned their plan when Bry-
aniSm developed.
Not long since. certain railroads were
trying TO secure money In Europe for
improvements. The expenditure OF
that money In that state, for example.
would have given Nebraska mcrchan ts
better business and Nebraska farm
ers better horne market. The foreign
crS were afraid that they would not
get back the same money. In exactly
this way, money has been kept out OF
every locality in the United States.
When funds are held In the clutch OF
suspicion and anxiety. we have stag
nation. depression and suffering. Dis
trust locks up money In vaults. MIR.
Bryan says there IS mot money
enough. gold Is cornercl." His ignor-
ance OF large finance II beyond con-
ception. The business OF the world Is
carried on by credit. The monetary
trust, for example. -is acting as trustee
in business transactions, reaching to-
tai OF many million dollars. Its officers
never SEE gOitl. In financial circles.
where gold Is always In reach. and
where men trust each other, gold Is
never wanted. Adjustments are made
by checks, drafts and other Instru-
ments OF credit. Therefore It Is not
more money that Is needed: 1t Ia con-
fdence. No matter how much money
you have saved from farming. you viii
not loan 1t to the leaders Of a mob
| Money Will always be scarce among
| men who lncitc riots. II you loan mo.
| ncy 10 an Individual, you ascertain his
moral character. II you Invest money
in n community, you study the mora
| tone OF that community. Cowboy com.
munitiea cannot borrow II Bryan and
other men, whose policies we fear, wCr,
| placed In control. sensitive capitalist!
| would never Invest money within thcil
reach II Nebraska will cxne Bryan,
Ism and It's representatives from tlr
borders OF the state, che rate Of inter
est will decline there, new, cntcrpI iscs
will he established there. and farmers
will find more buyers there, The i'm.
pOrtaHt business Of all important
countries IL accomplished by credit. II
ultimate analysis, NIL instruments o
| credit rest upon gold.