The sun., 1900-10-07

bnOul0 ne De elected tney VIII t0ke the De8l
care they know how TO turn securities into
money just as fast as they can. Down value.
viii 60 and down again Savings bank de.
postors will make rush for their money alon nG
with the rest OF the folks But II the securi.
ties We hold "a collateral for their money can't
be sold for 50 per cent. or 50. Of their value
or Of the value at which we took them, our
depositors are going TO get left They will
got for the money they deposited with us just
whnt we can sell our securities for and no more.
That's all we can pay. plus our surplus. and
when man has done all he can, or an institu-
tlon has done all IL can that's all that can be
done The savings banks Of this country will
then be In exactly the same condition that "A
firm or individual Ia in when forced TO discharge
his obligations at short notice. The man can't
meet the demands made upon him. and he goes
To the wall. IL may be an ugly statement to
make. but that's just where the savings banks
will go, or many of them II Bryan should be-
elected.
"Thi, Is tho situation IA a nutshell | am
not talking politics. that's not In my line As
a matter of fact don't give n rap about poll
tlcs II Mckinley advocated the same kind
Of finance rs Bryan does, he'd be Just as dan
gcrous as Bryan and his election would mean
Just as great disaster 70 the country Since
] am a banker and not a politician. and have
no particular interest In tho success or fall
ure OF either party. except SO far as that sue
cess or failure affects me and my depositors,
/ wont be considered as having any axe to
grind when I say that there Is only one issue
In this campaign and that Is the free and un-
limited coinage OF silver All this imperialism
and militarlsm talk Is tho worst tommyrot
| over list"ned To- No citizen OF the United
States. with a. much brains as an ape. has
the slightest fear that any President Demo-
crat Republican Populist. Prohibitionist or
what-not. Is going to turn himself into an EN-
peror, or that he could II he wanted to Neither
will any citizen OF the United states have the
slightest fear OF all this talk about a stand
ing army. | believe we have something like
10000 men or so in our army to-day What
an awful menace that ia to the rights and prvi-
leGes Of 100000 OF people II makes one
almost nauseated to think Of the rot that poll
ticians Of all parties will resort TO for the sake
Of making votes When We got through with
all the business for which We need the assist
ance OF soldiers, wen get rid OF the army as
II now Is. Just as we got rid Of the army after
the Mexican War or tho Civil War But, judg-
inc from what have seen In the coast defenccs
Of this country. we ought 20 have about 10000
men right here az homo to take care Of the
fortihcations which we have got. and we haven't
got half enough Of them.
"As for the trusts II IL absurd 10 assert that
any political party IL responsible for them.
The only way that political party can bo Of
advantage 10 trusts Ia through a protective
tarlh. We've got a protective tariff now. and
under II anybody who ia willing TO work can
get n job at good pay. II Nc've got TO have
the trusts along with protective t1riff. or idle
men without IT, | say give us the protective
tarif and throw in the trusts But, as a mat
ter OF fact. n trust will have a monopoly Just so
long as It isn't making large amount OF money
out Of It's business. and no longer When II
has succeeded in putting up the price OF tho
article 1. makes 10 such point that IL promises
large profits. then other capital viii be desrous
OF engaging in the same business. and II will
"To prove what say have only to call at
tcntion 10 the Sugar Trust, or. n you like. the
Wallpaper Trust So long as the Havcmeyers
were struggling along with a lot of closed sugar
mills on their hands, they had a practical mo-
nopoly Of the sugar business. When they got
things arranged 40 that they we're able 10 put
up the price OF sugar and make money the
Arbuclles and the Doschers and the Mollen-
hauers and others went into the business The
price Of sugar went down. and now the mng-
mates arc at each Others throats and putting
their bands In their pockets 10 pay dividends
on their stock. Tho result IL that we are get
ting cheaper md better sugar than we ever
did. And only the other day tho WALLPAPER
Trust dissolved by vote OF its directors, be-
cause it couldn't make as much money as the
individual firms did. A soon as the Wall
Paper Trus, was formed other men began
making wall paper and the trust was In trou-
ble before |. knew IT, As for the Standard on
Company, don't care. and don't believe
ANYBODY else In this country cares how much
money II makes. 90 long as II continues 70 give
employment 20 thousands OF mon and gives
them good wages and the res. OF US better and
cheaper oil than we ever had before.
Il tell you there is only one Issue In this cam
pagn. and that Is the financial Issue. And IA
mighty serious business. Nobody will bo moro
drcctiv affected by the putting OF this country
on a silver basis than the depos!tors in savings
banks II you can succeed in bringing this
fact home 10 the great American people or II
the officers OF savings banks ran say anything
that will Impress upon our people the necessity
Of defeating Bryan you and they VIII be doing
this nation and its citizens everlasting good"
An officer Of the Seaman's Bank for Savings.
one Of the oldest institutions Of the kind In this
country. pointed out that tho situation follow
ing the election OF Bryan would be very similar
TO tho situation during the Civil War. lie
pointed out that. in those days. there wasn't
any gold TO be had except at premium.
There was money In those days" said this
officer but you couldn't buy anything with IT,
The prices Of all the necessaries OF life went up
so high that you couldn't SEQ thcm with tele-
scope II took about half dozen or more Of
the dollars In circulation 10 buy what one dollar
would in ordinary times. Ask your grand
father about this II you don't believe me, and
he'll toll You Ask him what he had TO pay for
-four during the war. and he'll tell you that 1t
cost about $40 a barrel In the money that passed
current But that was a war measure. and the
time was an emergency Il was the best arrange
ment that could be made But ii isn't necessary
to resort TO any such measure now, and don't
believe that the people Of this country are going
10 bring back such a condition by electing
man 10 the Presidency who has Bryan's views
on the currency
1T would bc all right II We didn't have TO do
business with anybody but ourselves II you
and are the only persons In the world. or the
only persons in certain locality. where we
expect TO live and die. YOU can give me piece
Of leather IN exchange for pair Of shoes and
call it money If am willing to take it, and