The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1898-02-17
GOLDEN PROSPERITY.

| uOTHnby IL quite anOtner tDlnR'
The latter requires to do unto others
as ye would have others do to you. The
gold prosperity gentlemen, however, are
not so constituted.
The golden rule is even handed justice
and this is not in accordance with Ding
ley, Mckinley tariff protection, nor
with gold standard contraction. A
government conducted on the principle
of the golden rule would not favor
trusts, monopolies and combines to
plunder the useful people in order to
enrich a few.
Our Republican friends, their organ
grinders and tricky schemers, continue
to shout over the great prosperity that
Dingley tariff has given us. No doubt
they get many of their rank and file to
believe the hallucination, for it is
simply astounding to see what these ex-
perts can do in that direction. Many
human minds are not so mdch open to
the truth, as open to influence in the de-
sired direction. Men are so apt to be.
lieve what they wish to, regardless of the
evidence.
The prosperity so much and lso con-
stantly harped upon by the Republican
papers is mostly blow without fouuda-
ton in fact. The business failures Iper
week is rather in excess of year ago.
The concentration of money in Wall
street was never so great as it is now.
This money should be used in the
channels ofindustry and the fact of its
not being used there shows an un.
healthy condition, for money is the life
blood of business and trade.
Spectators may venture but captains
of industry dare not, and the holders of
money dare not, or will not either. The
captains of industry see no encourage.
ment in the outlook to make use of
borrowed money. So is it that money
flows to Wall street and other centres,
and spectators rejoice, for they get
cheap money, call loans at IL per cent,
and time loans for six months at 3 per
cent year.
The New York Herald in an article
lately, said: "The outsider who ven.
lures into Wall street will do well to re-
member that prices are not now at any
bottom level, that skillful manipulation
has doubled and even tripled the prices
of many stocks in the last year; that the
purpose of the people who make the
market is to sell rotten properties, not
to buy them, and that it is more neces-
sary than ever to exercise an intelligent
discrimination"
The speculation in grain is another
evidence of the congestion of money.
One man, Letter, in Chicago, has eight
or ten millions Of bushels OF wheat. The
real sufferers and unfortunates in such
times are the useful citizens, those en-
gagged in useful business and occupations
The cuts in wages all over the country
in all lines of labor also show the un.
certain and unsatisfactory state of
things. Operatives in factories in New
England and elsewhere are toiling for
starvation wages. Many too are out on
strike, and some on account of being dis.
charged.
Every goood citizen regrets this state of
things and is ready to do. every thing in
his power to remedy matters. Business
must and will be done. The trouble is it
has long been done at loss, that hun
dreds each week are driven to bank
ruptcy.
Money has been piling up in New
York rapidly. From October 1896, to
January 20, 1898, the deposits in the
New York banks increased from s372,-
200, 900 to S752, ,OOO,O 900 and their hold.
ings of legal tender money from $780,
500, 900 to s2l6, OOO This is doubling
up nearly, and their loans also expanded
in about the same way. They hold now
over one eighth of the money of the
country outside of the treasury. About
year and half ago they held but one
fourteenth.
And yet some Republican papers call
this blessed and beautiful evidence of
prosperity They talk of the great bond
and stock transactions and boast "that
money has come out of its hiding places"
that the transactions in January
amounted to s9O,OOO,OOO, more then
double of January of last year.
''Ill fares the land to threatening ills prey,
Where wealth accumulates and men decay"