The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-02-20
THE EAsT's IDLE MONEY.

The plethora Of money IN Eastern cen
tiers has excited no little attention ana
some apprehension In the Eastern press,
because OF the costly idlensss Of this i'm
mense amount OF the Natlo1's medium O..
exchanges. The crowded bank vaults have
become recognized as buriensoine ana
| threatening to the business CT the East Is
well a. to other sections of The country.
| What to DO with ali this money. how to
&c, it in circulation and into paying invest
nen,s. is the great question. In discuss
ing this subject. from such standpoint. 1t
Is rather amusing. therefore, 10 hear
practical and ably edited paper ike the
Philadelphia Timss say.
This large accumulation Of money 30
New York Is as much dePlered ny the
people who hold as Is by the p~opse
OF the country wEo need =. II vs. ready ior
safe investment Al low rsie Of Interest
IN say State u the Cnicl. for the Eevri-
opincut OF industry and trade and the en-
larRei employment o. 1hor, bat = can TOT
be commanded ia any S;aie whose crelt
Is Ia any degree doubtful. and never car
be otfd. ned for tho improvement Of suen
States urtl ihey re-estatlssh itt.< ere--i
on a positive and eaaaF!ns basis
Thu. is the yeriest ros--Eor IS II .oan3e1
on fact: The owners o! this rzoaer aye 80
holding I, for safe Investment At ioe
rate Of interest In any s;2.c 9. tie uz-a1
for the development q xa6e an1 i---s-
Try" as the Philadelphia Ti--ss e-sss 20
wei know. II. tasee1. il epss - EaTs.
The ccpcsltors az iais 19zey l-e ~ rsa
who declared TIA; u NeS1.sey HsTs fele--
there solld b. ~ .ys.K -iE7as,s--s -'sSIrI &c
confidence Rai i1TNtEaS-.-s f7sry -vlr-a---
that nloney was oaiy A.ta-s z--- ia ilsS'I.
Of the campaign vas over And EsG 2is.
great accumulated -e.sr--t = saa ae'.a
most noiiceasle ssace -. sitsr.nE. e. Ia
grown more -4gl-lr ia =vsr EIca -.
hrf; o. the ye4r
VIII ths Times ,-s,-= IL L-1.,s1a sOl-s:
What makes stttes crvt-s gas'l srlf'asa
70 temp; ho4-sea 1ocsy ass &c ,-ns F'La..s
Here Ia the gres, S-1-e = rrtis 80 e--
ample. al esagsse IL lrs<-. Is s-s.Is; s
FIRST class, It's TeoIi- sscsrt-ig -''ss'=i-.'zs
its resources ual.zlt~,. L. l.tsrss. s-s2
enough to cover tlg s.as.. azZ Yet zsrs q
this moaey can be tasaF-c3 us KAY. Tas
same IS true O: silu otse. s,a-;aera az.
Western S,stts. TIE f&sl is. coz iltors. u
the matter o, 'szteiy. - pretty much (
The samo Throughout all sectiDas Of the
There IS no American stste WITH /
out ample laws for The protection o; prop
srty, whether il TIE shape Q; res! estate. /
real estate mortgages. factories o. personal
property Of whatever description. 1t is an
exhibition OK Grass ieuorAnee 10 say that
man can no, safely invest money. SO far
As his property riehts ARE concerned. in any
quarter Of the United states It depends !
purely upoa buslusss Intelligence whether I
the investment ls a good or bad one from
a paying standpoint
The trulh L., here is 10 more conf |
ieace" since MeKinley's election than there /
sas before The people who WOE the re
publican victory az doubtful OF the fruits |
D, their success. They arc the really |
Panic s,ricsea~ element and they are
boarding their moacy for Investment IN the
Joad issues which are sure to come before
year has passed. Then we shall see this 4
-nst accumulation o, coila-s creeping out
~ The vaults under the manipulation OF
some great boua syndicate. which viii
again rockct ltf millions @; profits. ordin-
lry investments AT low rate ~ interest
ire too slow for the purposes Of the inan-
,iers Of the East.