Arizona republican., 1897-10-27
TOO MUCH MONEY.

The farmers in the west are now making up their accounts, with the result that many of them find them selves out of debt and with money to spare. The products of the farms in Nebraska alone, including live stock and poultry and dairy products are estimated to have yielded this year a total valuation of $1SO,51e,21O. That is only one of the states where pros perity has come with full force
 The effect of these tremendous crops and the good prices that have been obtained will be to lift the west out of it's slough of despond and to give new life and hope to the farmers everywhere. The cancellation of mortgages goes on and the former borrowers are now in g position to become lenders. A >Ecent dispatch from Lincoln, Nebraska, gives the fol- lowing interesting statement concern ing the effects of good times:
 Unlike many previous years, the farmers of the state are not forced to sell in order to obtain ready cash this year. They have more money than they can conveniently invest It has really reached the point in the state where the country banks have quit soliciting deposits. They have more money in their vaults than they can find borrowers for, and they can not afford to pay even per cent on deposits. It is estimated that three fourths of the state banks have 65 per cent of their deposits and other resources in their vaults The State Bank of Davenport closed it's doors last week, alleging as a reason there for that it could find no borrowers for its surplus cash. The officers wound up the business of the concern, paid the depositors who would cali for their money, and notified the oth- CTS to come and get their money, as they had no room for it. The great question with the farmers of the state at present is as to the investment of surplus cash. Hundreds of them have turned their attention to stock raising in small way.
 One of the favorite campaign howls of the popocrats last year was that the supply of currency was inadequate to the needs of the people, and the country was asked to tnflate the cur rency by issuing cheap dollars for the purpose of tiding the farmers and others over their hard places. But the story that comes from Nebraska and it is only a repetition of the story sent out from Kansas and other states-shows conclusively that we have enough money on hand with which to do business. When whole states are in a condition that makes the borrowing of money to any con- siderable extent unnecessary it is ap- parent that the people are prosper ing. The capitalists, however, are the ones who are now complaining They have money to loan, but no one wants to borrow. Of course the far. mers are the ones who can smile at this time and everybody will be glad of it.
 When the farmers are looking about for a way to loan money, the theory of the Bryanites is smashed to smith. ereens. It is thus amazing to find any farmers who are still willing tc howl for bogus dollar and all that sort of thing. The farmers have be- come capitalists themselves and when they shriek for Bryanism they cry out against themselves. This fact is rapidly getting into the heads of the populists and they will be expected to direct. their future political efforts along more rational lines.