The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-08-13
Unlike POpOcrat Bryan, He No Longer
Maintains the Price of the Cereal
Keeps Pace with the Metal.
WHEAT MAY GO TO ONE DOLLAR
AND SILVER BULLION DOWN TO
TWENTY-FIVE CENTS, HE SAYS.
Senator Jones's Observation-Disclosures
of Prosperity Seen by the COrre-
spOndent of n Bryan Organ.

NEW YORK, Aug. 12.-Leading slverites
seem to fear they will be engulfed in the
wave of prosperity that is sweeping over
the country. Senator Stewart of Nevada
has been locking into Wall street for sew
eral days to see what foundation there is
for the reports of confidence and activity.
The old silver senator has come out in an
interview in which he says he would not
be surprised to see wheat go up to 81 and
silver down to % cents. He acknowledges
that it is useless for silver men to howl
hard times and calamity, and the only
thing to do is to wait and see if the inn
provement is a permanent thing. Said
Senator Stewart:
There is no room for pessimsm in this
country. No can be bear in the face
of the wheat famine in Argentine Russia,
Hungary and India. In view of this condi-
ton abroad I would not be surprised to see
silver as low as 25 cents and wheat as high
as 81.
There is nothing in talking silver at the
present time, and my advice to my friends
in the West is fall into line with the forces
of prosperity and progress, and receive
their due share of the reward. The time
has passed for the old issue and new con-
ditions. The wheat situation in the West
will make every railroad in the West not
only q dividend Garner but a dividend
payer.
Railroads that have been moribund for
years are now taxed to their fullest ca
pacity, and are still unable to accommo~
date the traffic. am told there is immi-
nent danger of a car famine on many of the
most important lines traversing this coun-
try"
Are the people in the West alive to this
new situation?'
''The people of the West are wide awake
With their immense crops they will be able
not only to liquidate their indebtedness, but
will inaugurate q buying movement that
will surprise the people in. this part of the
country.
Il think that by the late fall the truth
of what L said and reiterated during the
campaign will be generally recognized, and
that is that there can be no general pros-
perity in this country that is not born ana
sustained in the West.
'Then you think silver may go down to
rs cents and wheat so up to $1!'
Senator Stewart has been the most vigor-
Gus tighter in the country for silver for
many years, and has always maintained
heretofore that silver and wheat would
keep pace with each other, and when wheat
went up silver would advance also.
Senator John \. Jones, OF Nevada, VINO
is spending "a vacation in this city, sald
yesterday that the continued fall in the
price of silver ought not to surprise any
one. "Siver is falling in commercial price,
he said because OF the falling off in de-
mand for it for money. Japan has gone en-
q gold basis and so leSsened the demand
for silver Besides tpis, there has been, re
cause of universal hard times, q great fall
ing off in purchases in the East. The Ori-
entail countries use silver money and our
purchases are paid for IN that metal. This
demand has been cut off by reason of the
hard times"
Of the increase in gold production in
Alaska, Mr. Jones said 4 am not op-
posed to prosperity through increase in
gold The Republicans are very lucky, ana
l congratulate them on the fact that this
great discovery falls within their adminis
tration. | believe a great deal of gold will
be found I'm Alaska, and 1t is certain to re-
store prosperity for which the Republicans
will claim and receive the credit. | shall
welcome its return, whether through gold
or silver. Much glorification and grattica-
tom is heard over the fact that our West
ern wheat is going up to a dollar because
of the famine In Argentina. Russia and IN
dia and other countries. I do not like to
think our prosperity is founded upon desu-
tuition and starvation in foreign nations. /
want to see a flood of money turn the idle
mill wheels and irrigate the waste places
of our land. Another result that will fol-
yer or gold, viii be allegiance of this hatred
of the trusts The people hate trusts. and
only prosperity will drive monopoles out
of their minds. Plenty of money will also
crush out the trusts. They flourish only in
hard times"