The Monitor-register., 1897-01-01
Mckinley Promises.
One of Them Already Realized in
the Increased supply OF Money.

tne increased SUPPLY OF money.
[Chicago Herald" Qnd.).l
Two months have scarcely passed sinee
the Mckinley plan for restoring prosper
ity was definitely preferred to the Bryan
plan, and although McKinley's inaugura
tion is yet two months in the future thu
Bryanites are even satirical in theil
clamor for results
The distinct feature of the situation
traceable to the election is the abundance
Of money which the country as whols
possesses. That being the one thing
needful, according to the free silver PEG.
pie, they ought to be hopeful of the
future. 1t did not come through their
agency, but it is here. 1t may not bring
instantaneous results; nobody but them
selves said it would. 1t may not be the
only thing needful; nobody but them
selves said it was. AS basis upon which
to build up new national prosperity we
have it, and in it one of the Mckinley
promises is redeemed.
Mckinley did not promise that bank
which loaned more than twice its capital
to one borrower of doubtful credit could
retain public confidence after the fact
was disclosed. He did not promise that
boom values in all our ambitious cities
would be Immediately restored, or that
real estate paper in boom city banks
would at once become available. He did
not promise that a golden stream of hard
earned money would Immediately start
up again from the factory towns and saw
ings banks in New England into the
Offices of the numerous defunct loan trust
companies of the West. He did not pro-
mise that the memory of decade of
watered stocks, sand bank mortgages,
cornfield additions, boom town confidence
games and general extravaganza on other
peoples money would-Simmediately fade
from memory, or that the burnt child
would not be wary of fire. He did not
should bring as good price as moder.
ate crop of sound corn, or that oats of
poor quality should sell as weals&ss good
quality. He did not promise that State
like Iowa could lose SIS, 900. 900 worth of
hogs in one year by disease sum equal
to the silver product of Colorado-and
have just as much money to spend in
Chicago as though it had not lost them.
The Mckinley promise was to give
peace and security to the country; that
under that condition money would appear
in ample quantities, that under an ample
revenue the problem of the gold reserve
would disappear, and that with the tariff
30 adjusted as to protect home industries
and open reciprocal markets the genius
and energy of our people would promptly
work out the whished. for prosperity. The
supply of money is now in sight, and
, Europe owes $4,000. 900 more, which
would come II those to whom it is due
knew what to do with it here. And yet
more will be available as railway earn
ings and other profits become attractive
and as the tide of investment slowly turns
back to us. The Mckinley pros
perity is to be based on the production
and exchange of actual wealth by an
industrious people, and can't be done
liver right with lead pencil. 1t is to be
Tnowth, not initiation. 1t won't be fast
! eough to suit the methods of some PEG
! Pc, but the country has had enough of
tleir rapid gait and it's consequences to
lAt some time.