Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1897-08-13
SENATOR STEWART, OF NEVADA, Is
ONCE MORE An OPTIMIsT.
SEES GOOD TIMES AT HAND.
ADVISES HIS SILVER FRIENDS TO
sTOP HOWLING.
Says They should Fall in Line With
the Forces of Prosperity and
PrOErezs-New Issues and
New Conditions to
BE Faced.

New York, Aug. 12-SeHator Stewart -
one Of the latest converts to commercial
optimism. He is a "bull' on everything ex-
cept silver. lie is engaged in a vigorous
campaign in Wall street. and said yester-
day that he had heard so much about bet
ter times that he has determined TO
gather in part OF the prosperity which
is on the rampant not only in the street,
but throughout the land"
When asked what had brought about the
change in his views, he said:
There is no room for pessimism IN this
country No one can be a bear in the face
of the wheat famine in Argentine. Russia,
Hungary and India. In view Of these con-
ditiOns, abroad. / should not be surprised
to see silver sell as low as p cents and
wheat as high as 81.
There is nothing in talking silver at the
present time, and my advice to my friends
in the West is to fall in line with the forces
Of prosperity and progress and receive
their due share Of the reward.
The time has passed for the old is
sues. We must turn to face new issues
and new conditions. I frequently hear Il
said that this security market is a dupli-
cate of the market of 1913 1t is not Il
is more of a bull market. All man has
TO do is to get into il. go to sleep and get
rich. The wheat situation in the West will
Garner. but a dividend payer. Railroads
that have been moribund for years
are now taxed to their fullest ca
pacity, and are still unable to accommo-
date their traffic. I am told that there
is imminent danger of a car famine on
many of the most important lines travers-
ing this country"
Are the people in the West alive to this
new situation?"
fa~TTr--
''are wide awake. They know a good thing
when they see it. Most of them are hang
ing on to their cereals with confidence
born of hope and actual knowledge OF
what is going on around them. With their
immense crops they will be able not only
to liquidate their Indebtedness TO the money
sharks of the East. but will inaugurate a
buying movement that will surprise the
people in this part Of the country. I think
that by the late fall the truth Of what
said and reiterated during the campaign
will be generally recognized and this 10
that there can be no general prosperity in
the country that is not born and sustain
ed in the West"
is spending a vacation in this city, said
yesterday that the continued fall In the
price OF silver ought not to surprise any
one. "Silver is falling in price" he said.
because of the falling of the demand for
1t as money. Japan has gone onto gold
basis and so lessened the demand for sill
yer. Besides this. there has been. because
of universal hard times. a great falling
off in purchases in the East. The Oriental
countries use silver money and our Pur-
chases are paid for in that metal The
demand has been cut OF by reason of the
hard times"
of the increase in gold production in
Alaska, Mr.. Jones said:
81 am not opposed to prosperity through
an increase in gold. The Republicans are
very lucky. and congratulate them on the
fact that this great discovery falls within
their administration. l believe a great deal
of gold viii be found in Alaska, and 1t is
certain to restore prosperity, for which
the Republicans will claim and receive the
credit. I shall welcome its return, whether
through gold or silver. Much glorifcation
and congratulation is heard over the fact
that our Western wheat is going up to a
dollar because of famine in Argentina.
Russia. India and other countries. 1 do
not like to think that our prosperity is
founded upon destitutiOn and starvation in
foreign countries. I want to see a flood
of money turn the idle mill wheels and
irrigate the waste plains OF our land.
Another result that will follow from an
abundance of money, be IL silver or gold.
will be allegiance OF this hatred of the
trusts. The people hate trusts and only
will drive monopolies out OF
their minds. Plenty of money will crush
out the trusts. They flourish only in hard
ina