The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1897-06-13

the people are down upon. II II the In
definite class known as the bankers away
from home. Now the city banks are IS
tablished for the accommodation OF the
people just as are the country banks. and
they do business in the same way
Interest Rates and lsury.
How about interest rates. Mr.. Sec-e-
tary? Do You think they will rise"
How can | tell replied the secretary
of the treas Try. IF times are good and
many people want money the interest
rates will probably go mp If no one
wants il they will probably fall Money
is like anything else. 1t is affected by the
supply and demand"
How about usury, Mr.. Secretary Do
you think IL advisable that the interest
rates for money should he regulated by
iawr'
no, I don't" replied the secretary.
Money is worth what II Will bring, and
IT'S value should be governed by the same
law as those which prevail as 10 other
commodities The usury laws rather in
crease than diminish the interest rates.
Where they exist and money sworth more
than the legal rate there VIII always be
some one who viii invent method OF
avoiding such laws.
Not Afraid nj Zig Fortunes.
Are you rot alarmed at the growth OF
individual fortunes in the United States p
NO. am not AZ all alarmed Al it," re-
Piled the secretary Of the treasury 7
grant you II would ~ far better II lie
wealth OF the country were more equally
divided among the citizens. bat / 30 not
believe that so graat disparity prevails
as is generally believed. II : true that
many o. the rich are becoming richer. bat
not that the poor are becoming poorer
Th+. LAST census showed ta2s the poor We
sharing In the general prosperity OF the
country An estimate made by Mr.
Herrs. tssrnett the geographer Of the
census showed that only FIVE Per cent. e
the capital ia lS9 was held by miiioa-
aires. and n tbat tir2e suilF nine-tenths
OF all our wealth was held hy the people
who own between x1@a ard 81 ."*ass'-
How uftiions Are HonestIs Made.
..Stn million dollars IS M enormous
amount Of money. 10 you really think a
man can make a million dollars honestly.
Mr. SecTetaFYF
'Of course ne can" replied ths secretary
o. the treasury MANY men have made
millions and that withont Damaging thelr
fellows Hundreds - fortunes -
thousands o. forfuues-are honestly ac-
ouired A a r1lis the growth o. great
fortune BENEFITS the masses a weIl as tire
fax who directly own e. LIT me give
y0u "A .s-e We viii SUPPOSE that the
farmers are getting a certain price Tor
,ha5r ersin II costs them 50 much IN
raise ard harvest IL. TneH "a man coru $
af8u- u-.fh 8 method or mac ajne by p atc
each farmer can save twenty pef ceai -
the cos; OF Production tie asks re
farmer two par cent. for the nean2 =
making this saving 3re farmer Pays
g, and i eighteen per cent better or IS
20 thai stem ;han he was hssorf. ms
nan has made two ner cent out - MS
invention Thls Is 3 sH2aA sana @.fn tSe
sF,siv .daal farIner but wheG yoa take ali
tne farmers ~ fhe eo1sBirE. fhe Two lsrr
cent. amounts 20 gvaat fortune This
=. .he story % some ~ fhe fortunes - = n
have been made ouz o. "a tsog-saTtrE rsal-
-nsrsry There are hundreds q slFsiiar
rsss in Other isaes tat rns@tt fs1rs-'.or1.
sn~s<e-s and Uoss 90 ia Attain u
rs e igs tie power - sny man 70 Tas Ae
8 fortune bv praeticlus certain principles.
Mr. Seeretsrs o. said
No 10 not tank So replied III
Gage This matter of nlonss KRIS rs
10 a large extent one q natural ahall1y