The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-08-09
simply wasted their own time and the

! simply wasted their own time and the
money of the stockholders.
For many years this state OF affairs
I continued. the mines all the time Ian
/ gushing for the lack of sufficient work
/ ing capital Now this is all changed.
the real value Of the New Zealand gold
/ fields being generally recognized. Brit
ism capital is coming in abundance,
and 50 far the output is decidedly en-
couraging. The Hauraki gold fields
for this year, compared with 1895. show
an increase of 10000 pounds, the total
yield of the district being 37S LOG pounds
as against 261,7 pounds in 1895. 29.650
pounds IN 1894. 1s9.593 pounds in 1898 and
17G070 pounds in 1892. In all OF the dis
tricts great activity prevails. One mine
alone. the Queen of Baly, has yielded
AGO, 900 pounds and but for the fact that
ten years ago the pumping machine
broke down, il would have been produc-
ing quite as heavily today. and the same
may be said of other mines in the dis
trict. When the mines We're flooded
they were practically abandoned, as no
capital could be secured to pump them
dry 1t will hardly be believed that in
the Hauraki district alone $500. 900 oun-
ces of gold have been taken out. AS
an instance of the old-time dividends
the Manakan paid dividends amounting
10 Is, 80 pounds. the Golden Crown 200
600 pounds. the Karanni 1900 pounds
and the Keo company 1900 pounds.
English investors are taking great
interest in the political affairs of the
United States, in view OF the fact that
the new Democratic program IS not
only in favor OF having the railroads.
but of dubious money. We are SIN
cerely hoping that Mr.. Bryan and his
followers will be defeated and that the
good solid sense OF the American nation
VIII rally to the salvation OF the coun-
try at this most critical period. You
VIII De surprised TO know how large a
number OF letters are sent daily 10 the
Financial News, more especially dur
ing the past few weeks, asking what
viii probably be the effect on American
securities OF chance success of the
Socialists who are maSquerading as |
Democrats. Our general opinion Is
That the United States will adhere for |
many years 70 come 20 the lines which |
have been laid down by President Cleve-
land on the monetary question. Prob |
ably his policy VIII not be followed IN |
detail, but we hope and believe that the |
financial honor OF your great country |
Will be kept intact
y I1A't r. L Il VIEW
ITO our minds It seems Gear that a |
gold bond viii remain a gold bond un-
less the party issuing Il regulates II /
on its own account. Truly the strani OF /
making gold payments might easily be-
come iRtOlerable were your country %
go on a silver basis and your Chicago
orators declare in favor Of making gold
contracts Illegal. Nevertheless, as /
have told you. the Financial News takes
a hopeful view % the situation and ad-
vises It's readers % hold on 70 their
American bonds and not 10 throw them
away n panic. At TIA same time we
are nOJ advising them 20 buy any other
American securities because, although,
as we believe. the danger OF the So
cialist regime IS remote. the sDasns Of
excitement into which you good people
throw yourselves every four years n
correction with your presiden t5al cam
paisns. nave decidedly unsettled ten
de1cy and you can scarcely b surprised
= British Investors. who think as deeply
as they reason seasibly. are booking ask
aRce az RE unchecked yropss CATION Of
principles Of public and private plumber
Although ne are not n love x1:h Nc
kinley. we should certainly feel less
-SD0zrauce 10 putting our good money
MO American securities were that gen
:ienaan safely installed IN the executive
1saus.ca. Even lis -fnkering with the
.arIn sinks into EsignlGcalce when com
pared with BTysns dlreDutaoIe schemes
which are. IN my opinion. calculated 70 ,
bring disaster on the United Stz.es
YOU must not misunderstood me IN ,
-nasi-< these remarks. which are mere
> uttered in response TO you'd inquiry .
- 70 wat ! -aluk o. the situation 4y
observations relate % the financial 81
ration and not the political siSe. Fith
\ Ilca % nOi n any way ooGceTn ny .
=a-s
Yse- \ is-g@ number o. CIR leading =.
-,e1. E7ezabsrs = parliament university !
professors and political AID sea e-r0-i- :
n1irts. are bi-ssetziIisfs. and there =
rerg s-rone bime-zIiic league n Eng :
and. hgt Thst I cz1not uncerHrszl6 - :
-oE TosIr cp7.~se rsis manage 20 dls,sys~ :
Z 1eir 5c--5s In ire event q Togr st55- :
soa G , s.iv-- --sraaEs Yos say TIA; !
-o1 So sci nc 49, Veil Were MI
'sG 80 the golt ne>-zssry Tor c9-E-neT- 2
"a ana zcye-ne--s- expenses ne
l-ti5e sitzs-.oa s<=ns - rs 20 b .5s