Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-10-06
D|Il[|S On CURRENCY
Ext Comptroller, : Cleveland Demo.
erat, Comes Out Strong For
President Mckinley.
The Issues Of the Campaign Dis.
cussed From Standpoint Of Bus.
mess Man.
Some Interesting Facts About the
Money Question Tho Laboring
Mans 1nterests

Chicago, Oct. 6.-James n. Eckles.
5ex-comptroller of the currency. spoke
in the Auditorium last night to an audi
ence that packed the great hall.
The meeting wac under the auspices
of the Business Mems Sound Money AS
ISOLATION and embraced men OF all par
ties who oppose the 16 to plank of the
democratic platform. Mr.. Eckels was
introduced by William Davis Of Chs
icago, president of the Amalgamated AS
ISOLATION OF Iron and Steel Workers.
who made a short address. Mr.. Eckels
spoke as follows: II
In the debassment Of the currency
of the country and in that general as
sault upon banks which would follow
the inauguration of Mr.. Bryan,s poli-
cies, nowhere would the disaster fall
more quickly and more completely than
upon savings Institutions The injury
done to the creditors of national banks
would be comparatively no greater
than that done to those of savings ones,
tho such could better stand it. deny
the doctrine of Mr.. Bryan that the
banker prospers in the distresses of the
people as unsound in reason and untrue
in fact. Docs Mr.. Bryan dare assert that
the banker increased his riches in 1893
and the years Immediately following,
when failure was to be noted In every.
section of the country and labor every
where idle? If he does he has failed to
study the statistics of those days, for
then was demonstrated the economic
truth Of the interdependent relations of
capital and labor in periods Of depres-
sion and prosperity.
There can be no money trust on the
part Of the banks of this country to the
loss TO the people. What has been the
result of the multiplying of banks, the
.enlarging of banking capital, the In
crease in available bank deposits? The
small borrower today buys his borrowed
money for s. per cent Instead Of S. the
farmer his mortgage money at 5, and all
because this moneyed octopuss which
Mr.. Bryan and his political adherents
ldecry, has Increased in strength and
spread its operations everywhere. The
Interest rate has fallen from IL to A per
cent and less What has labor Lost by
this? Surely nothing. for in the cheap
ening Of the rate of money and credit
the u.se of which the banker sells TO the
man of business, his employer has been
eenabled 10 take on a wider scope of
operation and increase the number of
those whom he employs.
The national bank has been the
cheapening force in lowering interest
rates by educating the people to a gem
eral use of banks and thereby making
lcapital available
believe in an unbiased considera-
I.tion by gold democrats of all that has
| been done by the administration under
times of unusu;, stress. willalead to the
|conclusion that their effort in that be-
| half vas at least worth while and that
lmuch has been accomplished of great
benefit to the country in lnanysof its
varied and important interests The adj
lministration Of President Mckinley has
been successful in making more secure
4 the gold standard thru enacted law and
lin refunding much of the public debt I,
has maintained the national credit and
4 improved the country's banking svs-
Item. 1t has sustained the country's vel
being a home and It's dignity abroad
Upon the Issues as made up ii ought To
and it will receive the APPROVAL of thai
4 body OF voters who either within OF
without the lines of organized politica
4 afiliation know their rights and dare
4 those rights maintain.