The Chanute times. [volume] (Chanute, Kan.) 1897-1913, 1900-11-02

,r try to sell their collaterals.

OF Try W sell tnelT COlldteTdlS.
Debtors would be compelled to
sell their property at constantly di-
minishing prices, and where all debt.
ors were sellers at once, the decline:
would be such as we have never seer
before, because there has never be-
fore been such a wholesale calling
in of debts, and consequently sell
ing, as this would cause.
Business houses the country over,
being unable to collect balances due
them, or to realize on their stock,
except at ruinously low prices, if al
all, must fail. Nothing could save
them.
Small depositors, nervous and fol
lowing the larger ones, would draw
their balances and runs on banks
would become general.
With these runs on all the banks,
they must either break or suspend.
In the cities the stronger ones could
combine and suspend, but the weak
er ones, left out of the combination,
and all country banks, would fail.
,.:sIhe panic and ruin during those
three yessN of grace (and if, per-
chance, a&the New York Stats
Zeitung, in coming out to support
Mckinley, on Oct. 8, 1900, suggest,
"It is not well to rely too firmly up
on the hope that Congress will not
continue majority friendly to sill
ver." "And we must consider that
Bryan's election would be interpret
ed as victory of silver. Many of
the Senators and Representatives
who are now opposed to free coin
age have voted for it before, when
they thought the majority of the
people desired it, and they would do
so again" "While we earnestly de-
sired an entirely different solution,
and must acknowledge, that we are
bitterly disappointed, we cannot re-
sst the conclusion that the success
of the Republican ticket, while un-
doubtedly a grave evil, will be the
lesser of the two evils, and that
therefore the election of William
Mckinley will be connected with
less immediate danger than that OF
William J. Bryan if, as thus
outlined, there should be free sill
yer majority in Congress, we would
have those evils upon us at once)-
would far exceed that of 1873 or
1898, the latter of which, called the
"silver panic" was the apprehen-
sion only of going on silver basis.
If such a. panic was caused by the
fear only of going on that basis,
what sort of panic would be caus-
ed by actually going to that basis?
BRYAN ADMITS THE PANIC.
Mr.. Bryan admits this would be
one of the effects of his election.
In the Chicago convention in 1896,
he said: "When you come before
us and tell us that we shall disturb
your business interests, we reply
that you have disturbed our business
interests" And the ST. Louis Globe
Democrat, in the fall of 1896, re-
ported his saying; 81 think it will''
(meaning the victory of the free
coinage movemenD "cause panic.
But the country is in deplorable
condition, and it will take extreme
measures to restore it to condition
of prosperity"
Have you noticed his silence on
silver in this campaign? Why is it?
FACTORIES CLOSED.
In this general crash all factories,
mills, building operations, ETC.,
would shut down, and all classes of
workmen, mechanics and laborers,
except farm hands, be generally
thrown out of employment.
Under the keen competition of
this mass ofunemployed for the lit
tie work left, it is clear that wages,
instead of rising, must in the near
future, fall, even though paid for in
l<.~.o;.sad doliare harauee of the