The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1897-02-20
Supplement to The Emmett Index, February 20, 1897
TWO PARTNERS
A STORY.
Copyrighted by Coin Publishing Company 1896 Chicago, ny
CHATTER I.

1t was the night OF Nov. Z, 1896, and
the scene is a sitting in modern
stone residence on Ashland boulevard,
In the city Of Chicago.
II is the residence OF Henry Wallace.
His partner in a manufacturing bust
ness has just entered the roo.n. His
partner is named John Adams. and the
firm is Adams 4 Wallace. manufactur-
ers OF wooden mantels.
Both are comparatively young men.
Adams Is 81, a little above the medium
size, and rather tall for his weight.
light complexion. eyes blue and pleas
ant in expression. bright and intelli-
gent man. His partner. just past his
thirty-hfth year. dark hair and mus
tache, black eyes, medium size polished
in manner. and as keen and bright
business man as you would nnd IN
long search In Chicago.
Mr. Wallace. the latter character
above described. had just finished his
dinner and was enjoying cigar before
bright CRATE fire. when Adams his
partner. entered the room.
They exchanged n friendly greeting,
and the new conner had seated himself
In a comfortable leather chair and had
lighted cigar handed him by his part
ner and best of friends, when the latter
said:
"Well. Adams, see by the evening
papers that Senator Jones comedies the
election Of Mr.. Mckinley. and the Pres
idential election is now a thing Of the
past"
The one who had thus spoken. Mr..
Wallace. the younger of the two men,
had voted for the election of Mr.. Nc
Kinley, while his partner had favored
and voted for Mr.. Bryan. Prior TO the
campaign of 1896 they had both been
Republicans but three months before
the election Mr.. Adams had announced
his opposition to the Republican candi-
date on account of his financial views.
The older partner had become a silver
man. while Mr.. Wallace was an avowed
gold standard advocate. They had dis
cussed 1t very little as between them
selves. each rather feeling that it was
an inhammable subject that was divid-
ing families. political parties and
churches. and might If allowed rein.
create a breach between partners.
SO the remark now made by the gold
standard man was not In an eNultant
tone. but rather TO express his appreci-
alton OF the fact that politics was now
out of the way of business.
The silver man. laying his right elbow
on the cushioned arm of the chair. the
cigar between his thumb and fore fin
ger looked steadily at the bright fire
and said nothing for n moment His
was pleasant face. such a one as
might have been inherited from the
mother rather than from the father He
was deciding whether he would pass
the matter over lightly, or give express
sion to his feelings.
Henry" he finally began. turning
his face toward his companion. Il shud-
der when l think of the future. Yes.
Mckinley is elected. and you have no
conception of what it means"
1T means good times and prosperity
forus in our business" replied Wallace.
speaking slowly.
"You think so, l know" replied
Adams, partly because others whom
you have accepted as better judges on a
financial policy. for the Government.
have said so. and partly because you
have formed n judgment based on
premises you have accepted. You and
tens of thousands of business men in
the nation think prosperity is at hand
or that it will come. gradually at first.
but surely in a year. 1t will be n sad
awakening, a sore disappointment"
why. John" replied the host. 1.-THE
banks, am told, have piled gold up at
the paying teller's windows, and that
there is now plenty of money to loan"
1T is not money to loan the country
needs" said Adams. ''What the people
want is money to pay what they owe.
The country is gorged with debt now
and nine-tenths of the people haven't
an equity in their business or property
of sufficient margin TO furnish security
wherewith to borrow money"
you don't understand" said Wal
lace; manufactures will now open.
tens OF thousands of men will be added
TO those already employed. their wages
will amount to millions of dollars week
ly, to be spent by them in the markets
in buying food. clothing and other mer-
chandise. This will create a demand
for purchases generally. Money will
flow freely into circulation for invest
ment-money that has been locked up.
The owners Of money We're afraid OF a
deprecated currency, and We're hoard
ing their money. That money will now
20 rapidly into circulation. 1t seems as
plain to me as anything can appear
that Mckinley's election will restore
confidence. and business will resume it's
normal healthy condition. Then. again.
you must remember that II also unlocks
the money vaults of Europe. and tens
of millions of dollars will cross the
ocean for investment in this country.
Our securities will find an immediate
market that will absorb millions of dol
lars OF foreign capital. thus adding to
the money in circulation among us.
From all this anticipate boom; do.
John, really, and l think we ought TO
get ready for il in our business"
Henry" replied Adams, "manufac-
turers will employ more men. as you
say, wholesale merchants viii lay in a
supply. and so will the retail dealers.
But not so with the consumers. The
newly employed wage-earners viii
add to the number Of consumers tenn
porarily. But what OF the great
masses? Those not included in the
number Of the new employees in your