The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1896-08-26
WALL STREET.
Mr.. Bryan's DemaSogic Attacks
We'll Answered.
Ills APPEALS TO pREJuDICES
or reopic who are Ignorant OF what Wall
street Really is-iIow railroad, Arc
iinlit and cities are Made Habitabi,.
Tho System or I.oans at the Great Money
Centre at Low Interest Example OF
Bryan's own state Cited.

Philadelphia Inquirer: Mr.. Bryan's re-
marks IRE lcvcled principally at Wall
street, Now let us see what Wall street
stands for. 1t Is n term applied To the
money centre OF the country anu refers
TO that class Of persons who make ar
rangcmnts 10 invest money for those
who have Il to lend. Money Is nut man.
ufactured there. The Now York stock
exchange Is the grea. money market OF
the country. II YOU have stocks to sell
You find your purchaser there or In the
many qualifications OF Il which
are NIL over the country.
II IN want to buy stocks
You depend on the stock exchange. II Is
n'common idea that the stock exchange
and Wall street Is n den OF wolves seek
Ing constantly whom they may deyunr,
AZ a matter OF fact. while there are cS-
ccptlons, there will not be found as n
class a set Of mon with more business
Integrity In the world. Sales amounting
10 millions ara made on the stock eN.
change BY simple mods " the head.
y broker offers I thousands shares OF
stock ut n price, someone mods his head,
each makes Il memorandum and that IL
all. There Is no contract, no witnesses,
nothing but gnOl faith. Ten minutes
later II may be worth Il thousand dollars
for the purchaser to get rid Of his bar
gain, but this Is V thought OF ex-
crpt In n few rare Instances. where the
offender has been expelled from the floor
and refused business with my man In
the street. Nowhere Is honor In on
HR-N ~ f,t.NHa RIrIAI,. .l,n1 MI
men on the exchange represent well
known houses for the transaction OF
financial business. When a railroad IA
TO be built the projectors Immediately go
to Wall street. The brokers' do not fur
nlSh their money. They offer the
securities to their customers, who are
the merchants. farmers. waEe-carners
all over the country. These furnish the
money that has built nearly every mile
Of railroad in the country, including all
chat Is In Nebraska. Mr.. Bryan knows
this. He used to be attorney for n rail-
road company. He knows that without
bankers and brokers' his W state would
now be a wilderness with the slvaEes
and buffalo stlll roaming over II.
From the latest sources OF Information
we find that Nebraska hasa populations Of
considerably over 1000, 900, has an as
scssed valuation on It's property in ex-
cess OF $lS6. 900. 600, which does not repre-
sent half lts actual value; that the state
has a debt OF only S5i9, 900: the counties
have debts aggreEatinG only $500. 900.
and the debts Of the leading cities only
aggregate $40, 600, 900. most OF which Is
owed by Omaha and Lincoln, where
there has been a remarkably Increase In
population In the last ten years calling
for extraordinary city improvements.
In every instance on regard the inter
est is payable In New York city In thu
Slated Wall street district. The Interest
In only three Instances that We find ex-
ceeds six per cent, aSgregatInE about
s200,0 600. while much OF II Is at five and
four and cne-half per mi This shows
that the money that has been Invested
in Nebraska to build school houses,
court houses. water works, pave streets
and provide the modern comforts OF life
has come out OF Wall street, and the rate
OF interest Is certainly moderate.
Where would Nebraska BE- to-day II
that money had not been borrowed to
provide necessary improvements?
Where would Nebraska be to-day II
Wall street brokers, through their
clients. had not raised the money to
build the railroads that run all over the
state? We have not examined the en-
tire list Of roads In that stae, hut Il will
be found that many OF them pay no In
tcrest on the stock. some not on their
bonds. while much of the mileage Is in
the hands Of receivers. An average re-
turn for the Investment Is about three
per cent. Does this look as II Wall
street was sapplng the life blood OF Ne
brayka?
But we pass from these considerations
to the general principle Of setting up the
claim that free silver Is the Door mans
friend. II there Is anything in history.
in logic or experience. II Is certain that
In every financial CONFUSION the poor
suffer most. The rich mar can live on
half his Income, but the poor man can
not divide his and live well. Ask the
w0rkmCn up In Ksnsington. who have
been working on half time for nearly
three years. how they Ike to have their
wages cut In two? That Is the whole
problem. Give the w%orkingman n cheap
dollar and let the rich get richer by spec
ulation. That Is what free silver Will
.
Mr.. Bryan cannot keep the scriptures
out Of hls speeches. He refers 10 Demc-
trlus. who opposed Christianity because
Il destroyed his trade In Images, and
llkens Wall street to the image-makcr.
We have shown that Wall street IL fur
nlshing the money to develop the re-
sources of Nebraska. Does Mr.. Bryan
consider this an idolatrOus practice?
Would he rather the peOpl. OF his state
live In log huts and haul their grain n
hundred miles to market In OK carts than
that they should have schools. railroads
and all modern Improvements? Or does
he want to get n chance TO pay on these
debts In ffty-three-cent dollars? II Mr..
Bryan wishes TO. we 10 not believe he Is
backed by his own state. Nebraska is n
prosperous, Intelligent community that
Is no moro under the domination OF tho
money lenders than New Jersey or
Pennsylvania. Such talk Is disgusting.
What we expect Of Mr.. Bryan Is to
make Homs arguments In favor OF free
silver. Why does he not attempt to re-
ply 10 John Sherman's Columbus
speech? For the very good reason that
Il Is ununswerahlc. Instead, Mr.. Bryan
pirates OF a cross Of gold" and Demo
trlus. expecting to deceive the people.
We think h. Is giving himself unneccs-
sary trouble.