Daily capital journal. (Salem, Or.) 1896-1899, 1897-06-17
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ikDe SllTer RepBbliezos Cne year az.
This platform had Bat tTO plaDks.
and 18th we're o91Hne3 strictly u tiae
msDaey qEGsssion- After stDoylng this
g0sss30s fOr t@eniy years. having
e1zoE Eed ny 02siness % zogyznt u tie
uncertainty - Hhzi szs oDmink /
say s1ih all emphasis. that The en-
gregzted trOgbses that hare oys1e
upsDn tie American ps9ple are the d.
ret Fes1lt - . scEsiy eircgiztirln-
That Old intellect1zI DteDDneDOn,
Bs0gzmlo Franklin, a 1nzocier u re-
DOsa 10 his day, would ailOE tie peD-
De u bis cok,DY, 500 per capita.
That graD6 Oh man, Hisea Wise,
HamliiOB ard lansing, got Bp %
lezTe the hall, a. the representatives
u tie cylgDy u Ne8 YORK, u be and
NsdisOn persisted 10 their demand
that tie constitution u the United
s3OgId BE- 10 wooded that the selfish
ness " man should not have the %
psrtRn.ty ~ cOntfDl the amount u
lnO0ey 10 circulation. b0Eed bis
bead upon the table and cried like a
child Rapid communication a1d
transportation have made il possible
for the fnancieFs % become heWlld-
cred 10 their attempts TO determine
the ratio between the amount Of
business that may be done with
= given amount u money. But
there must be simple rules ~
which He may determine when ae
have q suficient amount Of ciTcula-
ton. POr instance, whenever interest
(which l. the price o. money has the
advantage u business, business men
20 down. II wheat 80 q given locality
was s. a bushel. and 10 another local
ity sz busbel, the miller would stop
grinding, and the people II they got
any -four would have D. have u ship
ped IN from the country where IL was
cheap. 50 with money: II We manage
things ~ that II Is TOO high 10 our
OHn country it will have % be ship
ped 10 ffOm thOss countries where 10
isscheap. Theo, when IL has stimu-
lated business enterprise, and men
have given mortgages In legitimate
way. iit, not like the wheat, j. unde-
YOuredi returns 10 ~ Own country
and leaves only mortgages. with no
sufficient amount Of money owned by
the country mortgaged, % reduce the
price of mo ey Interest ~ that there
is a perfect ratio between interest and
business. The above principle has
been worked out IN this country 70
mathematical demonstration.
beg your pardon, but did not in
tend 10 write a treatise on finance.
But ! am intensely Interested. for the
life Of the nation rests upon Il, aud
the people are asleep. sith the nation :
capital playing upon the press 70 keep
them asleep.
COMMENT.
IL Is not organizing a new party, but
Union party, Just as the Union
party Was organized 10 1850, and the