The Providence news. (Providence [R.I.]) 1891-1906, 1896-08-14
Wall Streets Welcome to
Candidate Bryan.
The "DemOnS of Disaster"
Will Follow in His Wake.
POtentates OF the Dinner Pail Are
the C0untry'S Truly Rich.

The Monetary Trust of New York has
sent letter OF greeting to William Jen-
nings Bryan candidate. 1t makes good
reading, and portions Of IL are as follows:
"You have come to great city.
Heretofore 1t has been joyous and pros
porous city, but gloom has seized upon
every business circle and anxiety has
come to every home since you announced
your coming. We fear you. We believe
you represent the worst elements in the
country. by your side we see DeDs, and
those who thrive when laws are broken;
Altgeld, and those who strive to under
mine the courts upon which We have re-
lied for projections; Coxey and those who
leave their homes TO tramp about in
demonstration against Established institu-
tions; Faulkner, Linn and others vino
preach "masses" against "clssses. We
shudder because such men and the
principles you represent have brought
desolation and devastation upon worthy
people in every crisis of human history.
1t is not because we believe many OF our
citizens would naturally favor the
anxious lest misguided, honest voters
under the sting of personal misfortune,
may not be able to reason through your
theatrical rhetoric, or look beyond your
pious frontage ct the demons OF disaster
which lurk behind you.
"You talk to the poor as against the
rich, but you show that you do not
understand the present distribution OF
this country's wealth. There never were
so few poor people in any land as we have
in this land today, and those who are poor
are kept down only because of physical
or mental defect. sue Ia poor will be always
with US. So also there are very few
rich men In this country, and II is be-
coming constantly more difficult TO acquire
large fortunes. There has been glgan-
tic econ omic revolution in this country
in favor of money saving, Industrious
people. The present owners OF this
country's wealth do not drive in the PARKS.
They are not conspicuous. They handle
pens and carry dinner pals. Such men
own all the vast deposits in the savings
banks. They hold ultimate grip on the
life insurance companies, building and
loan associat ions, aud all other great
organizations; they own the money in
the Trust companies; the American
ownership OF our railroads is in their
hands. The Chicago, Burlington x
Quincy, for example, which has helped
to develop your own State, is held in
such general distribution that the average
to each individual is only sixty shares.
They own the industriai corporations.
"Tho fact is, these potentates or the
dinner pail own almost everything. They
have grown relatively rich with more
rapidity than similar people of any
country in any epoch of history. Nor
have such men ever before In any
country received as large income as pres
ent wages yield, when compared with
present cost OF necessaries OF life. When
you attack capital and rights Of owner
snip, therefore, you are attacking all in
dustrious money saving men. AS your
policies have become conspicuous, they
have destroyed values owned by such
men in cruel manner. IL National calam-
ity should place this country in the
hands OF yourself and your associates,
even these shrunken values would be in
large measure torn from the hands OF
labor"
"We realize that we are In period OF
Industrial depression. Those of US who
have spent our lives in finance and in
study. of economic questions know that
this depression has been worldwide; that
1t fell alike upon those countries which
are on gold basis and upon those
countries which are on q silver basis:
thnt periods of prosperity and periods OF
depression have followed each other
through the entire history OF civiiza-
tiou; that such alterations arise from
tho effort of mankind to conquer nature
and improve his condition; that period
of depression are brought about by natural
causes, and only can be overcome by
more careful study Of the laws OF nature
and more careful obedience to those laws.
We know that Germany, France and
England have recovered from their de-
preston, and that our own country is
held back only because the dangerous
principles you represent have loomed up
before us.
"You believe that this crushing de-
cline In values has been manipulated
by brokers' Let us better inform you:
Your crusades against courts, the rights
Of property and honest money standard
have alarmed all men who have saved
something. and have increased the risks
of purchase so that values are made vul-
nerabIe. The suffering has fallen upon
humble, innocent men, scattered over
the whole United States. But the money