The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1899-04-13
Not Of Territory But Of Our Country's
Currency.
PAST AND PRESENT PRICES.
AS Related to the Unhealthy Volume OF
Money for Business Needs


Copyrighted by the Mcclurcs News Bureau.
Chicago, Ill. April 10th, 1899.
By the courtesy OF Mr.. l.. F.
George, Of Boston, l have been per-
mitted to read advance sheets OF his
new book, entitled INTERVIEWS With
Business Men, and to use one of
his interesting chapters as follows
In one OF my talks with Mr.. K ;,
one Of Boston's most successful bust
ness men, the following conversatio n
took place:
Chow does the present condition
Of business strike your" L enquired
81 have just left some wooden men
who are agreed that business was
never 80 bad, or prices 30 low. Not
cent OF profit in it, they say If
you remember, as l told you two
years ago that this condition of things
would take place if we dld not ex
pand our currency; but you threaten
ed to move out OF the country ifthat
was done, and remarked silver was
trash. Nothing can be worse than
the present state OF trade, if the cot
ton and WOODEN mems account can he
taken. Now, l tell you Mr.. X :,
when you join the Boston Silver
Club, and through that demand and
obtain an expansion of the Nations
currency sufficient to enable the peo-
pie to do business for cash and to
sustain prices to profit. paying point,
you and every body else will have
business, and business that will be
worthy the name of business But
every man l see today is in state Of
deep disgust with the condition of
ihings."
1--WE got our protection bill
through but it has not done us very
much good business is worse today
than one year ago. | give it up;
don't know what the matter is
Guess we have too many people in
the business l don't believe any
one knows what the cause is We
are not doing anything in our line;
prices are so low we can't accept the
orders" And, with sigh, this fin
ancier lit fresh cigar.
swell" replied, il we had more
money in circulation, you could get
higher prices.
''Oh, don't talk that stuff to mel
he pettishly exclaimed. 1--WE have
money rotting in our banks that we
can't use. That more-m money talk is
too silly to be entertained for a NOM
ent.
''But you know trusts are the out
come of low prices, and low prices re-
suit from small volume OF money, do
you not?" said l.
"Well, " said he, "suppose trnsts
do come rs the result OF low prices,
don't the people want low prices?
And are not trusts good things?"
= "Well' 81 think we shall get our
fll OF trusts pretty soon You will.
find that the trusts will run the gov
eminent some big, fine morning, if
they don't already, said |.
"Oh, rotl have heard that for
the past five years That is Bryan
ism and Wild West Talk"
"You will find, however, that it
will come, and that you and your
business will be ground to powder by
the very thing you are upholding.
know something about this power
in the grasp of the trusts. The Stan
dard Oil, the Sugar, the Steel Trust
in fact, all these montrosities-are
the life out of the smaller
concerns.
Chow about this WARP" he asked
ooh, the war is alright. Tit
we're not for the war, no telling what
would happen. You must remem.
Der, Mr.. K, that the government is
spending from one to two millions of
dollars day. Why, just think OF
the effect that money must have in
prices. Think of the mills
and foctoriss and furnaces which
that money is running, day and night.
On government orders Aud vet.
Just think Of it, with all this unwont-
I'd outflow Of money from this unex-
oected source, general business is
still terribly hard! Ii it keeps ON
getting worse, We shall all be com
oelled to work for the government, or
'larve. Unless this government CIV
's the people relief through a larger
'olume OF money, we shall sink to
he level Of European countries, and
'ur people become illiterate, pauper-
zed and criminalized.
"What is the use of more money?"
dr. X. asked "We have money
nough. My bank offers to lend me
III | want at four per cent "
"That is always the case, replied,
when prices are low as a result of
90 limited currency-the effect be-
ng that production ceases, mills shut
own, and having no futher use for
heir money for pay-rolls they depos-
1T In the banks, and soon the accum-
lations are so great that the bank
educes its rates Of discount, to in
uce loans. This is why you can
ct money for four per cent, and why
e.