The herald., 1897-08-13
To Grab Great Chunks of
Prosperity
NO ROOM FOR THE PESSIMIST
jim A COUNTRY OF ABUNDANT
HARVESTS
Senators Stewart and Jones Welcome
the Good Time Coming by the
Alaskan Route
Associated Press Special Wire.

Associated Press Special Wire.
NEW YORK, August 12-The Times
today publishes the following: Senator
Stewart is one of the latest converts to
commercial optimism. He is bull on
everything except silver He is engaged
in a vigorous campaign in Wall street
He said yesterday that he heard Sc
much about better times that he had
determined to gather in part of the
prosperity which is not only rampant
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,
Hun gary and India. In view of these
conditions abroad l should not be sur
priSad to- see silver sell for 20 cents and
wheat as high as dollar.
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 ana
receive their due share Of the reward y
Are the people in the West alive to
THIS new situation :!
THE people in the West" he replied
'are wide awake They know a good
thing when they see it. Most of them
are hanging 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 llquidate their in
debtedness to the money sharks of the
East but will inaugurate a buying move
ment that will surprise the people in this
part of the country. l think that by the
late fall the truth of what / said and re-
iterated during the campaign will be
generally recognized and this is that
there can be no general prosperity in this
country that is not borne and sustained
in the West"
SENATOR JONES' VIEWS
Senator John p Jones of Nevada, who
is spending a vacation in this city said
yesterday that the continued fall in the
price of silver ought not to surprise any
one.
"Slver is falling in the common price"
he said, because of a falling off of the
demands for it as money Japan has
gone into a gold basis, so lessened the
demand for silver. Besides this there
has been, because of the hard times a
great falling off in purchases in the
East. The Oriental countries use silver
as money and our purchases are paid for
in that metal The demand has been cut
off by reason of the hard times"
OF the increasing gold production in
Alaska Mr.. Jones said: Il am not op-
posed to prosperity through any increase
in gold. The Republicans are very lucky
and | congratulate te them on the fact that
this great discovery falls within their
administration. l believe great deal OF
gold will be found in Alaska and it is
certain TO restore prosperity, for which
the Republicans will claim and receive
the credit l shall welcome its return,
whether through gold or silver Much
glorification and congratuation is heard
over the fact that our Western wheat
is going up to a dollar because of
famine in Argentine. Russia, India and
other countries. l Go not like to think
that our prosperity is founded on des-
titution and starvation in foreign ma
tions. I want a flood of money to turn
the idle mill wheels and irrigate the
waste places of our land
Another result that will follow from
an abundance of money, be it silver or
gold, will be an allegiance of this hatred
Of trusts The people hate trusts and
only prosperity will drive monopolies
out Of their minds. Plentyof money will
crush out the trusts. They flourish only
in hard times"