Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1897-01-28
SL-AfdDER.
EckeAs' KnsElt to the Honesty and Inselli-
gence OF the Country.

1
EckeAs' KnsEit to the Honesty and Insell-
| gence OF the Country.
Those gentlemen connected with the
recently failed banks in st. Paul and
| Minneapolis must relish Mr.. Eekels'
comment on the falling down of their
institutions. Eckels telegraphed the
New York Journal concerning the fail
| ure of the Columbia national, that it
closed because of want of immediate
" convertible assets" which were the
accumulation of a period when for
tunes were made by the mechanical act
of marking up the price of town lots"
OF the Chicago and other failures he
spoke as sporadic failures" He has
not been heard from since; st. Paul
scored several more of it's time-honored
and supposedly safe institutions, but
sthese, to the mind of this very small
| man, who occupies a large amount of
space in the public mind. were, doubt
less mere sporadic affairs" and have
no general significance. However,
E:ckels did say that existing condi-
tons made it harder than ever to do
business, but it was most fixed in
Eckles' mind that the failures have
come lat the end of long years of in
fation, to which must be added the ag-
gravating effects of four years of agita-
ton of fiscal policies, foreign complies
tons and tariff measures" Then he
adds dose of jollying, saying:
In the light of things done and the
things attempted to be done, the wonder is,
not that the failures have been so many,
but that they have been so few. 1t all
bears testimony to the fact that, despite
our frequent disregard of wholesome busi-
ness principles, we yet remain an exceed
ingIy rich and prosperous people-a people
so rich that Mulhall, the great English sta
tistician, recently said of us that in the
year 1895 the people of the United States
must be considered as the richest people
their wealth increasing at the rate OF Sd'ooVs-
coo per day
The first thing to be said of Eckels is
that the country is heartily sick of him,
of his everlasting twaddle and of his
constant prominence in the public at
tention; and the one sincere hope is
that the last will be heard of him when
the Mckinley administration gets in.
Eckels ISLANDERS the honesty and the
intelligence of the country when he ig-
nores the fact that conditions brought
about by legislation, over which our
honest business men have no control,
have been and are the cause of thetinan-
cial troubles of the country. Accord
ing to Eckels and the rest of the gold
standard school, mismanagement and
bad methods are the cause of all the
thousands of business wrecks strewn
over the land. This makes of our
intelligent business community, pres
emit and past, utter numbsl1ulls and
81 -,
to place on the country; on the ener-
gctic and Woodworking merchant, who
has seen his sales dwindle below the
living point and been obliged to close;
the careful, prudent business man,
whose profits constantly fell until cap
ital and business were swallowed up;
the builder who could build no more,
because people could neither build a
new nor repair an old building; the
manufactures closed or men dis
charged, because the country is glutted
with manufactured products, which
the people, though needing them never
So much, have no money with which to
buy; they have no money because the
products which they sell, or their
labor, are below the cost of production
for the one, and there is no employment
for the other at any price. It is the
failures of these, from such causes not
their own fault, that this federal officer
calls sporadic" and attributes entire
ly to speculation. But this man Eckels
has been before the country for a long
time, and the size-up of him in the pub
lie mind is that of very cheap bugle- |
blower.
It is time for the passing of Eckels.-
Minneapolis Penny Press.