The Farmington times. [volume] (Farmington, Mo.) 1874-1902, 1899-02-09
A BOSTON MANUFACTURER
Author Of "Falllng Prices and the
Remedy" Talks Interestingly TO
Our Correspondent.
lcoprrrntrd b, the Mccmre xeu. rnr,nn


standard advocates aud taken time from
bis business 10 write book, entitled
Failing Prices aud the Remedy. -
Having read this popular treatise on
the money question, aud having en-
ipycd a previous acquaintance with the
popular author, felt at liberty TO ask
him;
when and for what reason did you
first seriously consider Failing Priccs
aud iheir relation TO the business VI
the country"
Leaning back in his cbaiy, Mr..
George slowly replied
lit is often difficult to analyzc mo-
tiyes. However, think that as q sta.
dent Of cause aud effect first became
indignant at the narrow and short
sighted policy Of eur Eastern prcss.
wionsiully instiiling into the minds Of
the people of New England iAe idea
that the lDwer the prices forced upU::
the producers of food aud raw mater
ial IN the South and West, the better
i would be fuf lac consumers uf food
and manufacturers 81 raw material in
the Easii siuce. rs they saiJ, the
ungr.rarurr IS protected, nrsi. by his
labor organizations, aud secondly, by a
high ia,iff, 10 iir 1vuciiir OF Whicn he
shares equally with the manufacturer.
Tho weallh-producing sections in
ran material amount tu four tiiths Of
the nation, aud when this great portion
VI our country has bccu robbed, as Il
has been, through how prices for the
past thirty years, The other onc-iiith of
tho country Is sure to suffer as severely
IN the end.
1.-The East has fpurd out that by i'm
pOvcrishiug the raw material. growing
West aud South, II has lost lis great
customer, aud that the only way to re-
gain the prosperity II once enjoyed {.
first to restore tilusc profitable prices 10
the West aud South, under whiah they
viii again send their orders 10 W for
our manufactures This will restore
prosperity aud drown the cry of eur.
lailmcut. 'shut down. cut dowu,
aud sectional competition, that VIC
hear daily IN the East -
"from your experience and ac-
quainiaace with business men In the
East, what hats been the efect uf fall
iug prices on business in this coun,ry?r
"From only $50 failures In the
Northern States in 1865, with liabili.
ties Of *i1.G2J, 600, aud in ! $50 In our
whole country 81 1901, with liabili-
ties Of sss, 0O0, zoe, they reached
climax IN 1898 Of IS. sos, with $751;
600, coo Of liabilities, Ninety. live per
cent Of the failures today are by men
doing business un less than $4,000
capital. Falling prices lhwart all
business foresight, force the compul-
sorry idlencss of millions of working
men, aud discourage every business
venture, until the velvet hand Of the
trust smoothly seizes each industry, with
iulsome promises of good To Ike people
By great sariHg IN the cost OF produc.
lion. doing away with agents and tray-
cliUg men, and such arguments nd
museum, To use Culpcpper's famous
words, like the frogs of Egypt, they
(trusts) have entered our dwellings.
They sit by our hresidcs, they sup in
our cups, they dip 10 oar pans, they
serve with ths butler IN his box. They
have scored Us from bead to foot
"Thc trust, with corruption for it,
cornerstone aud tribute for It's capstone,
Is the deal system ot the investing and |
classes but 1t Is tho terror
Of the helpless masses, who are con
siantly being levied upon for greater
tribute ia iheir every purchase. 1t has
hut one buyer and he becomes dictator.
The banks work with him In squeezing I
Inc holders OF crops and merchandise
daring the selling season. thus forcing
hem to sell ut the trusts figures. The
rich loye and the poor hate this mon
'tcr Queen Elizabeth, 400 years ago,
dissolved every trust, aud thanked the
business men, in di.ui;ied speech,
Inr calling her attention To It's Deccssi-
y.
Free silver Is the weapon Nlic
must dissolve our trusts, rs uur prcsi-
lieut., sad IA II Is. owes his Office 20
heir Cxi.tence, and thus Is powcrless
o act
alt was the decentralization Of silver
hat caused Our trusts to iurm--it l.
ts restoration TO It's former place AZ
he money Of the people that will serve
o dissolve these moistrOus creations Of
freed "
'''l'hc remedy 10 stay falling p,iaes'"
asked.
"increasa tho volume of our ma
lnn's currency by rcmonctizIng silver
mill prices of all property, commodi.
les and labor have risen TO the point
where money aceunulatcs IN the peck
rs of the masses, instead II Cutting
he vaults 0f the banks. uuiil the ma
cfiil we'll being 0f the wealth. produc.
ne aud laboriug classes M the nation
$ restored; when every workman owns
tts home, and that home comfortable
nd convenient, ewumniious and well
when every workman eau
ford to he the father Of fanIly, aud
: possessed Of means Sufficient TO give
ls children liberal education; when
hose who create tho wealth OF tho ma
lon, who constitute cigtl-seuths of the
eople In II, shall, under thc unwritien
Nv deorcelng The greatest good to the
rcatest number, receive their proper
nd equitable share of that wealth., the
eneIlt which would accrue 10 tho
ouaiEy from such percentage Of It's
eoplc enjoying prosperity would make
inapassipir riia, the remaining two. (,