The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1899-02-09
EFFECT HAS BEEN FRGH7FUL
Leaves a Trail Of Misery, and Allows ~
Velvet Hand Of the Trust to Grasp
Our industries.

Chicago, Feb. 6, 1899.

Chicago, Feb. 8, 1899.
In the lobby Of one OF our leading
hotels the other day l chanced on
Lyman P George, cotton manu-
facturer of Boston, Mass, who has
broken away from the ranks OF the
eastern gold standard advocates and
taken time from his business to writd
a book entitled ''F,lling Prices and
the Remedy" Having read this pop;
ular treatise on the money questioni
and having enjoyed previous ec-
quaintance with the popular adthor,E !
felt at liberty to ask him:
"When and for what reaeon did
you first seriously consider Failing
Prices and their relation to the bust;
ness of the country"
Leaning back in his chair, Mr..
George slowly replied:
s'lt is often difficult to analyS5
motives. However, think q stu
dent OF cause and effect first becsmd
indignant at the narrow and abort.
sighted policy OF our eastern press
wrongfully instilling into Che hinds
of the people of New Englapd the
idea that the lower the prices forced
upon the producers of food and raw
material in the south and vest. the
better it world be for the consumers
Of food and manufacturer Of raw ma
teriaI in the east; since, rs they said,
the wage-earnor was protected, first;
by his labor organizations, and second
ly, by high tariff in the benefits of
which he shares equally with the
manufacturer
'''rhe wealth producing sections in
raw material amount to four fifths of
the nation, and when this great por-
ton of our country has been robbed,
as it has been, through low prices for
the past thirty years, the other one
fifth of the country is sure to suffer At
severely in the end. - lsc.
The east has found out that BY
impoverishing the raw material grow
ing west and south it has lost it,
great customer, and that the only
way to regain the prosperity it once
enjoyed is first to restore those profit
able prices to the west and south un-
der which they will again send their
. orders to us for our manufactures.
S This will restore prosperity and drown
the cry of-Acurtailment, shut down.
'cut down and sectional competi-'
/, ton that we hear daily in the east.
|, 'sFrom your experience and &C.
quaintance with business men in the
d east what has been the effect of fall
y ing prices on business in this coun-'
. try?"
q From only $50 failures in the
If northern states in 1865, with liabili--
ties of $17, 625, 600, and in 1870 in'
q our whole country of 3,551, with
"a =, liabilities of s8s, 600, 600, they reach
!. ed climax in 1893 of 15,5O8, with
k 1892, 900, 600 of liabilities. Ninety
N five per cent of the failures TODAY are
by men doing business on less than
. $40, 900 capital. Falling prices
,e thwart all business foresight, force
rs the compulsory idleness OF miIlions
rs of working-men and discourage every
business venture, until the velvet
n hand Of the trust smoothly seizes
IS, every industry with fuisome ptomis-
OF es of good to the people. by great
saving in the cost of production, do
's- ing away with agents aud travelling
it men, and suth arguments au' nAu-
en- scum To use Culpeppers famous
es words, like the frogs OF Egypt, they
IT. (trustsy have entered our dwellings
to They sit by our fireside, they sup ir
Ill our cups, they dip in our pans, the.
ty serve with the butler in his box
ch Phey have scored us from head tt
ng foot.
let aThe trust, With corruption for it
cornerstone tribute for its capstone
,ed is the ideal system of the ihvestin|
in and moneyed classes; bht II b q
Continued onscssoua stsase :