The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-14
CRY OF HARD TIMES.
Where the Drainage OF Money
Comes In

AO iHe tIuhtcr OIL Inc Post,
WaXahachie. Texas, November s.-The
| cry of hard times. scarcity of money.
when Will matters case up, what vial he
the result unless relief comes, is occupv
ing the minds of thoughtful persons hay-
ing the welfare of themselves, families
and country at interest. Is there a cause
Tor this state of things? If SO, there must
| be remedy.
] Are the people In common In anywlse
responsible for this condition of affairs I?
! II 50. to what extent? Or is 1t due to
| the manipulation of finances by the few
| milhonaires, who, by combinations, con-
| troll the money OF the country and manip-
| ulate matters to their interest, at the ex-
| pense of those less favored? If caused by
| the combination of capital. are the peo-
pie IN amy way responsible for the ac-
cumuldtlon OF immense wealth in the
| hands of the few, thus placing them
selves at their mercy2
II caused by class legislation, as some
claim, where does tho responsibility rest?
| Are not all classes represented In all
Legislative bodies, and do they not freely
| choose their representatives? They COM
| pose the great mass of the voters, the mil
| iionaires being few in comparison; the
bined selection and in the same dissimiar
! proportion. If, then, it be caused by leg
dslaton it is by bodies of their selecdon
| and If evil comes in this way II was be-
cause they chose it, and can have no
| right for complaint.
| Texas is am agricultural country; the
black land belt. covering a large area
acknowledges mo superior, either in soil
| or climate; Is capable of producing in
abundance all necessary home supplies.
with large surpluses for other markets
and does make and export large quanti-
| ties of cotton, which serves to keep prices
low and limit the volume of money de-
rived from it's sale.
| AS cotton can not be eaten. and having
| no cotton mills, there is ITO home demand
| and producers are therefore at the
mercy of cotton mill kings and manpula-
| tors of the market, who discover the
| shortage of crop only after 1t has passed
into their hands My observation has
been that successful farmers live at home
and consume their own productions; DOM
| knew am instance of financial success fol
lowing raising cotton by parties boarding
| In Kansas City or Chicago. Those pur-
| suing that method might naturally expect
scarcity of money. for the reason that,
| what brings them money sells Low, while
what costs them money sells high; thus
curtailing the supply and increasing the
| demand for 1t.
| If caused by legislation, you can correct
1t by sending true, modest mertorious
and patriotic men tyou have them) of
your own selection to represent you. and
, relegate to the background the profess
/ sional blatant Politician wh1se only in
| terest in you Is your vote and whose chief
merits consist of self-constituted impor-
! lance and brazenress; let merit and not
/ brass control your vote.
| Living at home on its products gives
! less demand for money, and the surplus
made would be cash that could be more
pendence and financial ease.
| There are many sources of drainage or
money for securing necessarles that can
| not be well avoided. such as farming
| implements, manufactured goods of va
| l'ious kinds necessary for use and CON-
/ fort. But these form small share OF
what Is really sent away. Good reasln
les that can not be had at home. but none
| for going abroad for that which home can
supply, unless it be of superior quality. or
at prices to Justify il.
| The foregoing applies principally to the
farming and pivdictng class: 1t is not
Supposed that their line of life makes
| them conNersant with other financial
schemes or matters necessary to the saw
not directly connected with the soil.
But there are other sources of drainage
that the business element should look 10
i and correct 4 purse. that IS constantly
| drained fills slowly, II at all. Attention
Is here called 10 one item OF drainage
!, that occurred to the people Of Texas alone
in the year 1So5, viz; That of Insurance
FIRE INSURANCE.
Premiums paid for fire insur-
L sss ' paid 90 for fire insurance S''' 90
in 1885 ........ ........'...'.......' l,saS,4oS
Drainage ........... ..............Sl,73 6, I57
LIFE INSURANCE (o.d liae).
Premiums paid tor life insurance
in 1895 S3,3fT, os9
| Losses incurred ..................,.. l,Viy,ibJ
Drainage ....... ...................sg,2J7, 500
Drainage fire and life ........ 49, 1894. 81
I flsg,
I OF the insurance comm ssioaer OF the
state of Texas for the year 1880. aai show
the drainage of this che item upon inc
State for mat year.
| The cornptroller's report of the State OF
Georgia on Insurance. fire and life. tor the
year 1895. shows as follows:
FIRE INSURANCE.
| Premmms pad for fire Insurance
in 1895 ACKNOWLEDGEMENTS. .sl97S, II.
Losses ................'..,. LOO i9'
| Drainage ......... .sI4.s5;
Premiums for life Insurance paid
in 1895 ........... ................s2.t5soog %
| Losses ........- ..,.....'.'.,.'.'.'..', 'S''"Dl
Drainage .'..'.'''.. '..''''''.'..',sl't-V'v''
Total drainage fire and life for
The ' Gc3rria reports give the tstsi in.
surance carried. fire and LIE. in the veal
1880 to be in round Plumbers, sl7sup, vn
ard IN 1895 10 be $2l5ooo.Vp showing inc
| business TO be increasing
| Rut suppose the huSines5 TO remain con-
| slant. as in 1895 and the aanual drainage
be ana continued as In 1895, HOY; VIII inc
matter show up IN five. ten. fifteen am.
| twenty years by keeping said amount al
| six ISL per ce,st compound, snterest
| In five years s2.46i6sS would be sli.ss,'
$40: In ten years s.. ~ fss woui1 ne 81.
5os.779: IN fifteen years s2.asas9s wouM ps
| 10. 7s5 Sl4; in twenty years s2,i6isss would
lie s94, 563. % - ~.
! Rememher this is the drainage, ana the
contribution made by esforsia ~ ens ~ az
erai term of years to keep APP life and tire
insurance centers. -. .,