The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1896-10-08
CHESTER 4. coNGDoNs LETTER


opinions and with q desire to do justice
to all sides, the high as well as the low,
to-day gives space TO lengthy commun-
ication from Chester A. Congdon, presi-
dent Of the Ontario Land Company who
is largely interested in the welfare Of
Yakima and other sections Of Washing
ton through investment. Mr.. Congdon,
while q most clever gentleman and
sagacious financier is the head of large
incorporate body which has possessions
not only In this state but 10 Minnesota
and the south. The board of directors
Of his company meets IN Wall street,
New York and as natural sequence his
associates are men OF wealth. This is
not mentioned In sense OF derogalion
but simply to show that Mr.. Congdon
does not come intimately into contact
with the bone and sinew of the land,
with what is known as the common peo-
pie, but, rather. with the financiers and
capitalists, who. naturally, are endeavor-
ing to make every dollar Of their wealth
increase at as great ratio as is possible.
Some Of these who have made invest
ments have not realized to the extent
they desired and some may have made
losses but In comparison with the pro-
duclng classes their condition is one Of
bountiful harvest to want and famine.
Az to the result Of the coming election
THE HERALD will not contest Mr.. Cong
don's opinion other than saying that the
ballots viii decide the question in No
vember, and that Mr.. Congdon would
not have written the letter nor would the
bankers, trusts. corporations and capital
lists in general be advancing their money
so literally to the cause Of the gold stand
ard Il they thought that the issue was q
foregone conclusion in their favor.
The HERALD has been steadiast and
consistent advocate of bimetallism for
years past. Its arguments have been
based on the words OF the greatest states.
men of this country as well as many Of
brightest minds OF Great Britain and the
continent" The republican national
platform has repeatedly declared for BIZ
metallism and the words OF the repub-
lican leaders from Lincoln through the
long list including Grant, Garfield,
Blaine, Mckinley. and even John Sher.
man have all been recorded for the two
metals as the money standard.
Coming around to local matters which
our esteemed correspondent has brought
into issue we are compelled to say that q
change cannot but prove beneficial even
II Wall street should close down all OF lite
mortgages. We have land here that is
not surpassed in resources. We have
mineral sections that are the equal Of the
richest districts Of Colorado. From all
parts Of the world they come to US for
our FIR and other timbers. Our orchards,
yet in their infancy, are being drawn up
on BY the great marts OF the east, while
for hops, vegetables and general agricul-
turai productions we are unsurpassed.
Yet with all this richness Washington
is today obliged to make a desperate
struggle to hold its head above the men
ancing waves. which are yearly grow
ing more threatening and stronger under
the present financial system-a system
that has been declared to be wrong by
nearly every statesman, and every politi
cal party, since England pressed the
button in 1873 and few willy manipula'
tors did the rest.