The Oskaloosa herald., 1900-11-01

and have compared the prices Of most
OF these products, for the years 'o3-'o4-
'o5- o6-o7-'o8 and 90 and which side do
lyou think the balance is on under the
Dingley bill? Well. it is infavor of 90
| and 'o4. When you come to figure up on
| the pjroducts and the amount produced,
1.-THE amount is in favor of 'o3
land 'o4. Again, don't suppose that
La man who came before you and made
lany claim of that kind had the remot-
est idea that you, gentlemen, had banks
Iof this country amounts in round NUM-
/ lbers to two billion of dollars. How
much money is loaned by banks7 In
order to be conservative | will say fve
billion and one-half FIVE billion and one
hundred million. There is only two bill
lion to pay it and yet there is FIVE bill
lion and half of money loaned. How
does that come? That report comes from
1.-THE United States treasury reports, not
from Steck / will tell you the way il
lis. I deposit ten thousand in a bank,
you come and borrow nine or ten thou-
sand They take out the interest, give
| you a certificate of deposit for $o4oo.
You go and do likewise. you go and
| do likewise, three loans of $4,000 each,
$4,000 loaned. How much money IS
there in actual cash My $4,000. Your
money is all in there; $4,000 to pay a
debt of 100000, the balance of it is
credit. How much is on deposit in this
one instance three times nine thousand
| four hundred, $4,000 on deposit there
and how much is there to pay it? $Io,-
600. No more, no more. Well. | have
before me statement entitled facts YER
sus fiction, published in the Ottumwa
| Courier, one of the ablest newspapers
in Iowa and in that article they cite as
an incident of prosperity that in 1896
when the banks were pulling in every
dollar they could get and not loaning out
a dollar that there were some hundreds
| of thousands of dollars less on deposit
than there is now Evidence of pros
tperity. Why it is evidence of prosperity,
amt it my friend? Whenever you get
above the actual amount of money there
lis in this country what have you gotl
You can not pay it. If you take the two
billion out and seven billion on deposit,
| five billion loaned that makes twelve
billion of dollars and how much have
| you got to pay it? Two billion. Pros
perity. Prosperity That is the financial
as they call it that they say is prosper
Gus policy and that policy is the policy
| of the administration, dictated by mon
etary combination at indianapolis,
with Mr.. Gage as secretary of treasury
and Mr.. Dawes as comptroller of the
currency and the legislation and the is-
sues of the people Of that party and the
| legislation for number of years have
been about financial policies and about
the dollar mark, as remarked before
The farmers of this country should have
some very strong legislation You have
what is called the agricultural depart
ment, a member of the cabinet in your
| sister county tip here at the head look
ling after your interests Looking after
! Legislation in Your interests, protecting
lyon against class legislation. have
made inquiry of the different people in
/ the places were have been as to what
the agricultural department has been do
ing for you people; how much they look
latter you and your interests in Wash
Iington in that department, and from all
1.-THE information I can gather your
brother tip here sends out a package of
i peas or beans once in while to tickle
your pride. Is there any gentleman here
that knows what has been done for the
farmers in the last three or four years
by way of legislation, | would like to
hear it. never read of it. l never read
of the kind of legislation or any at
tempt at legislation on behalf of the
man with hump on his back and the
hoe in his hand.
The assessed valuation of the prop
erty of this nation, as given, is twenty
four billions of dollars. An approximate
value from the way we assess would be
Ininety-six billions, total valuation of all
| the property, According to statistics,
how much money Is loaned? How much
Indebtedness have we on this property? !?
| How much? We have in round figures
forty-four billions of dollars. That is
prosperity, amt it? Prosperity. Prosper
ity. Why it is known to every school
boy in this land here and it is an insult
to the intelligence of this community to
come here and talk prosperity in this
community in view of the fact that Il
is known to the school boy that your
school house is mortgaged and bonded.
Prosperity; where is it2 Why do they
forget when they come to speak TO you
OF prosperity that we have had three
wars at least, and that we have two
Iwars at this time Have they forgotten
or do they think that you people are so
ignorant that you don't know where the
prosperity has been if you have il? I
have not the remotest idea, my friends,
but that the men who talked over this
country prosperity are very prosperous
and associated with a very prosperous
people. | don't have any doubt, my
friends, but that they might think that
everybody is prosperous on the same
principle that when man is drunk he
thinks everybody else is drunk.
SILVER QUESTION.
The following is all that he said on
the silver question: