The Emmett index. [volume] (Emmett, Idaho) 1893-1925, 1897-02-20

buy with? Where are the buyers COM
ing from? There is money to loan; but
who does 1t belong to-: The money
lenders. The people have no credit
with which TO borrow. If low prices
are to continue there would be no
profit in borrowing money for invest
ment The money loaner holds money !
10 loan and not TO invest. If prices adj
vance, so the people can exchange their
property. at a profit. for money. good
times will return. But advancing
prices are impossible under a gold
standard. You say the owners OF
money were afraid OF a deprecated
currency. What has hurt the people
Is deprecated property. II prices con-
tinue low the money lenders will come
into the possession OF all the property
OF the people; and we will be a nation
OF bankrupts and tenants-except the
money lenders"
Henry continued Adams, I'VE are
partners; our capital Is invested to-
gether. We. too, are in debt. but II we
manage WELL we may escape insol-
vency. l believe our financial ruin IS
inevitable, in the next four years. un-
a
ness policy. TO adopt the right policy
II is necessary for us to see in advance
Of the next four years what / believe
we Will see at the end OF it, In other
words, to use common expression.
our foresight should be as good as our
hindsight.' If we do not use the great
est Of wisdom. in my judgment. we will
fail. you Will lose your home and viii
lose mine: the purchase money mort
cages on them will take them-if am
right But If we manage with cOnsum-
mate skill. which can only be done by
knowing what Is to be expected. we will
pull through to the day of deliverance
four years hence"
And how are we to decide correctly?
What is to give this foresight that is
TO be as good as our 'hindsight'r" asked
his partner.
The latter was a keen. sagacious bust
ness man. and the conversation had
taken turn as affecting their business.
and TO him. in this way. 1t became Of in
terest. Had any man Of opposite POI
ltical views been talking TO him except
John Adams. his opposition would have
the situation would have been possible.
But as 1t was his best friend and part
ncr he was willing to listen. and then.
too. their business was at stake.
Nearly as many people had recorded
their judgment against the financial
policy of the Government as had ex-
pressed their Judgment in its favor. and
there was some uncertainty as TO which
.frl.f II. IL.
three previous national administra-
tons. following each other in success
sion. had failed to realize what was ex-
I pected of them by the people: and the
voters had. with constantly increasing
majorities. condemned each of these
| three administrations. II the same
thing should happen with Mr.. McKin-
ley's administration. business continue
to sag, and prices fall. his partner would
be right as to the sad havoc ii would
play with their firm.
At the present time. however. he was
willing to follow the fortunes of the
man from Canton and push the wooden
mantel business with catalogues. trav-
cling statesmen and all the expensive
machinery that would require a big
business and good accounts to Justify.
If the effort did not meet with favora-
bic results, then a financial crash would
came to the firm of Adams X Wallace.
He was willing to risk it. Mr. McKin-
ley had been advertised as the advance
agent Of prosperity. and Wallace had
said it so often himself he now be-
lieved IT.
He was willing. however. to listen to
his partner. who seemed Of late to have
formed strong convictions on the sub
ject.
John Adams had not yet answered
the question put to him. He seemed to
be thinking about how they would set
tie it. So. the gold standard partner
repeated his inquiry:
How can we settle what our policy
is to be? How are we to arrive at
an understandings
Henry" Adams replied. this is an
important matter. over a contract in
volving $4,000 you and would spend
several days together If necessary.
ask you on this subject where much
larger amount is involved. that we
spend a few evenings together consid-
ering IT,"
with pleasure was the reply.
''Then." said the silver man. let Il
be here. and we begin tomorrow even
ing. / don't know. but il seems to me-"
speaking slowly and looking at the
walls around him. Il am going to set
tie this question"
well. John" said the dark-complex-
toned man. III ii promises to be sensa-
tional or unusual. as one would judge
by the look in your eyes. let's have
our wives present
And our fathers and mothers" re-
sponded John.
Good. that is an amendment l ac-
cept," assented Wallace.
So. the next evening was decided
upon for this unusual conference TO be-
gin. that was TO decide the business
course Of the firm of Adams X Wal
lace for the next four years.
CHAPTER ii.
The evening OF Nov. 5 had arrived.
and by o'clock all Of the persons to
/ -. 49,, ~ ,,.ora procant both 81. -.