Bryan morning eagle. [volume] (Bryan, Tex.) 1898-1909, 1899-01-14
Who is Free Silver Man.-Some Sound
ogic.---Illinois in Line.
ICopyrighied BY tho Mcclure New. Bureau.

interviewed country banker today who lives an Illinois
town Of about 5000 people, and who for business reasons
not wish his made public
81 do believe the gold standard" he said as we sat
down to lunch a cafe
"You exception your class" remarked, and he
proceeded:
my class, rule have been shortsghted the subject
IL is very natural for ones opinion go with what is apparently
his inee-and seemingly temporarily least the inter
est of the banker enhance the and securities
When he found that money his money due him were rising
in exchangeabe value with other property natural for
him fall in with the cry Of sound money just it would be
natural for the farmers defy wheat should in value con.
nuousy long period and find all kinds excuses for
justying bgh.prced wheat"
"But broke in your people claim that money cheap"
"A low interest you mean" he replied THAT the hiring
value Of money The exchangeabe value Of money very
different thing" Pausing continued THE rise of
money with general fall Of prices weakens it does destroy
the ability of their loans and instead Of the
bank getting its money back it compelled take security
after paying out cash costs Of foreclosure proceedings also
results in surplus money laying idle. my section you
not set price real estate there few sales except
for debt When piece of real estate is thrown the market
there seems to be willing buy it anything like what
would call its fair value and the creditor must rule take
it, Hence the general fall Of prices unqueonaby due to the
gold standard will ultimately catch the country banker"
"Why not the city banker?' / asked.
"That depends what you call city banker he said "That
you may understand what will divide bankers into three
classes One the banker who loans bonds secured by tax.
money lenders ia the East The second those
corporation bonds The third those who loan ON the
morgaged property and personal security of individuals The
latter third class what call the country bankers While
banks they cannot loan real estate mortgage vet is
through their directors acting Individually fall Of prices
the bankers of the third 60 down first In the order of
possible insolvency those of the second class next and
first class only fail by the oyerurnng Of governments"
You mean sad that the first class practically
ongas they put the the taxpayer?' and he
replied:
Eyes. Their security the entire property the munici.
aty state nation that has issued the bonds and the interest
must be forthcoming by including that in the levy
The class stands ~ to safety of is loans
But tie third class what call the country banker takes the
best improved unencumbced real estate In his
be takes his lien subject and the should pass
by for two three years is nconsilebe lien prop
erty aud prior lien the mortgage If in such case my
bank the creditor and buy in the property pay the
taxes and cost of the legal proceedings and continue pay the
know of several instances OF this kind where the
houses vacant thus giving income in And If not
vacant there much competition between property
rent their houses that rents are low with much repairs exaeied by
tenants which r. q charge against receipts"
Il and comprehend your danger Iaid 'You cannot
/ realize on the property
1T means" be o. shat taxes are prior lien to our
ecures aud with falling prices the bankers Of the third class
are going 20 be 'oras1 ~ '1s va. ~ into liquidation
~ should s1y tts remarked 'hat your interest lies
against tLs gold stl.-t,...
"Yes rhe r a .l,s a.ak ora no, the only banker of
the third Glaze v9 bel 9us4 wall and London as far as
J. going ~ 2. ga tet1.
"Is there .ry l'ggue1t atse3 "at ui reach the bank
! Of the fret ea.sT
ono" be p,el aTsy are ,afs and purely selfish motiyo
will control their action ~ long they keep our govern
in charge o. officials vh3 DO their bidding they win continue
to exact blood money fro" our g'p.e.'
The action of the deu,.rla executive committee of this state
the other day 10 passing strong resolution endorsing Bryan and
the financial plank Of tha Chrto platform 10 TO and ALL has