The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-22
THE INTELLIGENCER.
WHEELING, APRIL 90. 1893.
Bryan and Eastern Capital.

The New York Times, In its financial
department. referring to William Jen-
nings Bryan's visit to New York, the
heart of the "enemy's country" takes
occasion to say that It has "quickened
interest not only in the 16 to 1 question,
but in the free silver advocates home
state. and more especially in its securi-
ties" The Times finds. upon invcstlga-
ton, n part of the result Of which It
gives, that Colonel Bryan's residence In
Nebraska and his hostility to the money
power OF the east has not deferred east
ern capitalists from buying Nebraska's
municipal securities, thereby exhibiting
their faith in the integrity OF the Ne
braskans, and, as the Times puts 1t,
emphasizing their confidence in sound
money and their disbelief In Col. Bry-
ans doctrines and the vitality of the
silver question"
The Times calls attention to volume
that is about to be published by New
York publisher OF financial literature,
entitled "Bondholders of the United
States; Who They Are, Where They
Are, What They Are" The work will
contain classified list of Investments
and investors, showing the ownership
OF all securities by financial institu-
lions and funds in this country and
Canada. The publisher furnishes an
advance page Of the portion devoted to
Nebraska. The purpose is to call Mr..
Bryan's attention, while he is In the
east. to the location of SO much of the
money that went to build up the west,
and why 1t is that the eastern bond
holders favor a sound currency" While
this page only covers three letters OF
the alphabet giving only a small por-
ton of the Investments in Nebraska, it
Is strikingly suggestive. because it
names great many OF the financial in
situations in the east, most OF them in
New England. which have provided the
money to develop the city of Lincoln,
where Mr.. Bryan lives and enjoys the
advantages of, that development.
On the advance page referred to Is 4
l5l VI CoSlcIu lIiC VI
Lincoln. Nebraska, and who are now
holding them, the securities bearing in
terest at from to 6 per cent. There
are forty Of these institutions. which
are mostly Insurance companies and
savings banks Of New England holding
an aggregate of about 100000 Of Lin
coin municipal bonds. The Investments
range fromss1,0OO, by the Peoples Trust
Company, OF St. Adams, VT, to $4,000
by the National Life Insurance Com
pany OF Montpelier. The banks and In
surance and trust companies holding
the securities are principally located in
Connecticut, Vermont. New Hampshire,
Maine. Rhode Island, Massachusetts,
and they are among the most substan-
tlal and best known institutions in the
country.
The page also contains 4 list OF
thirty-five Nebraska counties whose
bonds are In the hands Of eighty-flvc
banking and insurance institutions in
the eastern cities, mainly in the New
England states the savings banks of 4
score or more OF towns and cities hold
ing them.
The point made is good one, and the
showing might be studied with profit by
Colonel. Bryan, who has SO much to say
about the money power of the "encmy's
country" 1t is demonstrated clearly
that Mr.. Bryans own state owes It's
own development to this faith Of east
ern investors In the stability of Nebras-
ka securities. despite the fact. tina: Mr..
Bryan resides there and is advocating
policy that would depreclate the value
OF the obligations. But for the conf
dence In the soundness Of our money
by these eastern institutions Nebraska's
securities might have gone begging.