Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1899-05-10
ISSUES OF 1900
BRIEFLY TOUCHED ON FROM THE
MINNESOTA STANDPOINT.

That dead" Money Question-The Prob
| able Shape of the Silver Questionable
| Minnesota Antitrust Law and .*Taw-
ney's Trick"-Gossip of the Railroad
| Lobby's Defeat of the Gross Earnings
| Bill-said to Have Cost $3.50, OOO-Who
Is the "Western Banker" Said to Have
Distributed the Doodle 3-Black and
White Ingalls-More Regarding Bank
Prosperity-G. o. p. Campaign Banners
| For 19OO-State Capital Note and Com
Reform Press Bureau.
ST. PAUL, May s, 1899.
The significant admissions of Banker
Lee OF Todd, regarding the condition of
business as guaged by that of the coun-
try banks, as summarized in the last
Bulletin, has attracted wide attention.
Not a single banker has come forward
to contradict Mr.. Lees statement, but
on the contrary we have received sew
eral letters from country bankers con-
graduating Mr.. Lee and the bureau on
their telling Of the truth. To which a
state official adds that in attempting to
find place of investment for sum of
money for a relative in country town
who could get no interest for it there,
he found that only two regular banks
in St. Paul were paying interest on time
deposits To his inquiry of a banker
why this was the case the reply was
that it was because money was so
'cheap." Why cheap? Because there
is nothing into which it can be put that
will earn a profit warranting borrowing
it from the banks.
The recent report of United States
Comptroller Dawes shows "whither we
are drifting" as the condition of bust
ness may be gagged from the banks,
taking the country over. Bank deposits
are an indication of whether money is
in business or not. It certainly is not
in the banks for profit in the low rate
Of interest paid on deposits. The re-
port shows that the deposits of the ma
tional banks Of the United States in
creased from Dec. 1. 1898, to Feb 4,
1899, Sc, 923, 343. 38, and from Feb Is,
1898, to Feb. 4, 1899, increased $249, $780,
223. "A, or an average of $4,000, 900 per
month for the year. On Feb. 4, 1899,
the individual deposits piled up in the
said banks aggregated the enormous
sum of 50, 225, 100000, largely there be-
cause there is no profit in employing it
in business.
And, by the way, eliminate this
mighty sum, and will some one, in
heavens name. tell us how much money
there is in actual circulation" among
the people? And yet the gold standard
advocates will figure it out that the
''per capita circulation is on the in
crease.
What nonsense TO talk of conditions
being satisfactory when every intelli-
gent man or woman not in some man
ner in the specially favored classes
knows no such thing exists What
means it when ex-senator Ingalls, of
Kansas, who has done as much as any
other Republican to stem the tide, and
to make black seem white and white
black. says in a recent interview:
1--WE are now brought face to face
with the same condition Of social affairs
that brought about the French revolu-
ton; and unless a speedy remedy is
found the people will rise in their wrath
and wage terrific war ON the wealthy
class. do not look for any change in
our system until ths people force it
upon us. l believe revolution is ripen-
ing and will come sooner or later. It
only sleeps, awaiting an incentive"
It is facts like these which keep alive
that dead thing" the money question,
which lies at the root of all our trou-
bles. In fact there are but two classes
Of people who crate over the grave of
the dead issue, those, of course. who do
so from ignorance, and those who hope
SO because its triumph in the resurrec-
ton will be their everlasting political
undoing. It is clear as daylight just
about what the money question will be
next year, made all the clearer when
such hidebound party mouthpieces as
Chauncey Depew admits as in his re-
cent statement that the Republicans
will openly declare for the gold stand
ard
We have received in private letter
from one of our foremost leaders. his
forecast of what the Republican money
thinkers now at work in hearing of the
''sad sea waves" will produce for the
approval of the administration and &C.
ton of congress, possibly in special
session called alongin October. It will,
he believes, follow the bill reported by
the House Coinage Committee majority
in the closing days Of the last congress,
declaring:
The standard of value shall, as now,
be the gold dollar, being one-tenth part
Of the eagle, consisting of 25.S grains of
gold nine-tenths fine, or of % 21-10O
Of pure gold"
ALL OBLIGATIONS (NOTES OR
CONTRACTS FOR THE PAYMENT
OF MONEY SHALL BE MADE IN
CONFORMITY WITH THIS STAND
ARD.
ALL OBLIGATIONS OF THE Gov
ERNMENT NOW EXISTING OR
THEREAFTER To RI ENTrDrD