The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-08-12

the present time, and my advice to my
! friends in the west is to fall in lint
with the forces of prosperity and
/ progress and receive their due share o.
/ the reward
THE time has passed for the old is
sues. We must turn to face new issues
/ and new conditions. l frequently heal
ii said that this security market is q
/ duplicate of the market of 1878. 1t is
not. 1t is mere of a bull market. Al
America has to do is to get into it, &C
to sleep and get rich. The wheat sit
uation in the west will make every
railway not only a dividend Garner
but dividend payer. Railways that
have been moribund for years are now
taxed to their fullest capacity and are
still unable TO accommodate their traf-
nc. l am told that there is imminent
danger of car famine on many OF
the most important lines traversing
this country
Are the people in the west alive to
this new situation?"
THE people in the west" he replied
are wide awake. They know a good
thing when they see it. Most of them
are hanging on to their cereals with
confidence born of hope and actual
knowledge of what is going on around
them. With their immense crops they
will be able not only TO liquidate their
Indebtedness to the money sharks of
the east but will inaugurate a buying
movement that will surprise the peo-
pie in this part of the country I think
that by the late fall, the truth of what
/ said and reiterated during the cam
paiSn will be generally recognized and
this is that there can be no general
prosperity in this country that is not
born and sustained in the west
Senator John p. Jones of Nevada.
who is spending a vacation in this city
said yesterday that the continued fall
in the price of silver ought not to sur
prise anyone.
Silver is falling in the common
price he said, because of falling off
in the demands of it for money. Japan
has gone to a gold basis and so less
ened the demand for silver. Besides.
Nee- hscouea of universal
hard times, great falling off in pur-
----s.. Inc Oriental cOun-
tries use silver money and our pur-
chases are paid for in that metal. The
- ard hos neen cut off by reason of
the hard times
III tae Increase in gold production in
Alaska, Mr.. Jones said:
Il am not opposed to prosperity
through an increase in gold. The Re
publicans are very lucky, and I con-
graduate them on the fact that this
great discovery falls within their ad-
minstration. 4 believe a great deal of
gold will be found in Alaska, and it is
certain to restore prosperity. for which
the Republicans will claim and receive
the credit.
Il shall welcome its return, whether
through gold or silver. Much glorifca-
ton and congratulation is heard over
the fact that our western wheat is go
ing up to a dollar because of a famine
in Argentine, Russia, India ind other
countries. l do not like TO think that
our prosperity is founded upon destitu-
ton and starvation in foreign nations
l want a flood of money TO turn the idle
mill wheels and irrigate the waste
plains of our land.
Another result that will follow from
an abundance of money. be it silver
or gold, will be allegiance of this hatred
of the trusts. The people hate trusts,
and only prosperity will drive monopo-
lies out of their minds. Plenty of money
will crush out the trusts. They flour
ish only in hard times"