Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1896-08-01

handle the wealth after it is created,
the bankers, for instance. now, what
is the real situation in Rockh2rd! The
number of bankers in that city is, alto
gether, thirteen, and the total amount OF
capitaI-which these thirteen bankers have
is $4,000. The total amount of de-
that these thirteen bankers. with a total
paying capacity of but $4,000, are
pies money with which to do business
in any manner they choose. Upon its
face, it would seem that any number of
men who have total paying capacity of
but $4,000 must be of great integrity,
uprightness and reliability to be entrust-
ed by the very people with whom they
live and do business with whom they
Who are the people who have entrusted
this thirteen with large a sum of
money, much in excess of their pay
that city of total population of 10000.
In this case. therefore, who are the
debtors? They are undoubtedly the
$500 depositors 3,400, 600.
III, Now, if all that has been said about
the rapacity of the creditor class be true,
think of the situation in which these de-
positors have these poor bankers. If
all that has been said about the poverty,
the wretchedness and the enslayed con-
dition of the debtor class be true think
bankers.
What is true in Rockford must be
true of the whole country. The real
debtors of the country are bankers,
and the real creditors of the country
are the depositors, and it is to the credit
of the bankers of the United States,
as it is to the credit of the bankers of
Rockford, that although they could net
80 per cent on the dollar if the coinage
of free silver at 16 to 1 We're made legal,
by paying their depositors who have de-
silver at but 10 to 1, none of the bank
ers of the City of Rockford and but
very few of the bankers in the United
States, who would have so much to
gain by the adoption of this free silver
lunacy, have advocated this policy,
which would enable them at one stroke
to clear so much money.
This brief statement makes it plain
that all the utilization which has been
bestowed by Popuhst orators and news
papers upon the creditor class of the
United States has been emitted because
of totally false misrepresentation to
who the creditors are, and it is but
sample of the profound ignorance under
lying the whole free silver agitation that
they have undertaken to describe as
vampires, blood suckers, Shylocks, etc,
the great producing classes of this coun-
try who are its real creditors and who
own all the money deposited in the
| banks and upon which bankers do bust
| ness and upon the borrowing of which
most of the manufacturing and produc-
| ton of this country is carried on. So
| that the Populists of this country who
| have been claiming to be the friends of
| the people, have been denOunclng them
| upon the supposition that the denuncia-
| ton has been describing the bankers;
| whereas, the real truth is, the bankers
| are the debtors and the depositors are
\ the creditors.
| According to that the Populists won't
accomplish free Silver?
Well. there are in the United States
5000, 900 depositors in the savings fnstitu-
| tons of the country, and they own de-
posits amounting to about $4,000, 900, 600
| If all the people in the United States
| who can vote, should vote, the total vote
| cast in Il national election would be
| a bout IA 900, 900; but the largest avera ge
national vote cast is about 11,OOO,OOO;
| hence, the total number of depositors in
savings institutions in this country large
| ly outnumbers any majority of votes
| which has ever been cast in national
| election.
| In the single state of New York there
are /, 100000 depositors in the savings
| banks of that state. They have on de-
post $500. 100000. In the state of New
/ York there are but about 100000 vot-
ers; the number of depositors in the saw
! ings banks of that state exceeds the
number of voters in that state by $780,
| 600. These figures show the utter inn
possibility of any such movement as the
| free silver movement succeeding in this
country, because its success would in
| volye the conversion of more people than
have ever voted on side upon any
| question in this country, to the abSO-
lutte belief that it would pay them to set
tie with the savings institutions in which
their money lies, at so cents the dol
| lar for every 100 cents on the dollar they
have on deposit.