The Robesonian., 1897-08-25
AS A BANKER SEES IT.

full reading. We copy
Mr.. Robert J. Lowry, of Allan
Ia is President of the Bankers
Association, which met in Detroit
Mich. His addres concluded
with the following paragraph:
II recognize the.fact that re-
turning prosperity has not yot
arrived, know that it is on it's
way and believe it is not SO far off
as some would have us think.
This belief is warranted by the
fact that under the blessing of
God, abundant crops aro assured
olir.agricultural products are in
demand by less favored people,
and when the surplus grain of the
West and cotton of the South shall
begin to move TO the coast on
their way to supply the wants of
other nations, we shall sec the
great cloud of depression begin to
lift and let in the glorious gun
shine of prosperity, which will
warm into new life the enterprise
of our great country"
Mr.. Lowry is not one Of the
rainbow chasers, and it is sensible
enough not to undertake, as 50
many Of the rainbow chasing or
gans do, to prove that prosperity
If already here, a fact which the
country would not fail to discover
without any assurances from these
Journals Dut he feels 30 we'll
satisfied that prosperity is Oh the
way that be believes it is not as
far off as some would make it ap-
pear. Like a sensible man he
gives his reason for his beleif and
very suggestive reason, too,
namely, that ''under the blessing
of God abundant crops are as
sured; ollr agricultural products
are in demand by less favored
peoples and when the surplus
grain of the West and cotton of
the South shall begin to move to
the coast on their way to supply
the wants Of other nations, we
shall see the great cloud Of depres-
sion begin to lift and let in the
glorious sunshine of prosperity.
which will warm into new llte the
enterprise of our great country"
which means in briefer phrase
that tho farmer is at the bottom Of
of oil our anticipated or hoped
for prosperity, which is u cold
rock bottom truth.
We have said that lhis is a sug-
gestive paragraph, suggestive the
fact tha tit is candid admission
by banker that the prosperity of
the country with its numerous en-
terprises, in Guiding the banks, is
dependent upon the products of ag-
Ticulture, the greatest of all our in
dustries. And yetwho has ever heard
of the farmers Of the country be-
ing considered or consulted in any
scheme bearing upon the currency
of the country? One year ago
when the majority of the people
In the agricultural States com
planned of the depression from
which they suffered and demanded
o. more liberal financial policy
which would make money more
abundant and give them, as they
Believed q better return for theil
labor, they wererc chidcd by some
and denounced by others as repu
diators of honest debts and insti
gators Of national dishonor, but
it is to. these very farmers today
SO unsparingly denounced then
that the country is looking fo.
prosperityito whom even the bank
ers, some of whom even refused t,
let their money go into these State
to be loaned, are looking for pros
perity. The "repudiator,' of /:
months. ago, "under the blessin.
of Gadp has become a savior, VIII,
lifts the cloud" and ;"lets til,
sun shine Of prosperity in"
1t being an admitted fact, whicl
no one now disputes, that it is tn
good crops of this year for whicI
there will be such an active foreig
demand, that are to bring us pros
perity and put life into our numel
GUS languishing industries, is it a
all unreasonable that the industr
which does all this, and the me
who pursue this industry shoul
have a voice in the framing of Ii
monetary system of the country
Should they be denounced as con
munists and rcpudiators becau,
they clamor for reform that TIC
deem essential to their welfare
especially when the welfare of Il
country depends upon thor We
fare? For nearly twenty five veal
there has ben a steady decline.
the price of their products. IL
cause of which they trace to al
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