Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-11-01

WudIeVeT-IWO duu Oue-nall times, or
$3,000,0 100000 of the loans, and $780,
100000 and over OF the deposits Per-
NIT me to explain to you that 1 have
no objections to the banks-that is
their business. But don't want
them coming before the people and
claiming the great amounts of money
deposited as evidence of prosperity
when don't think so.
The Bank Deposit Story.
deposit $4,000 in the bank. Mr..
Davis goes down and borrows 100000
They take out the interest, whatever
it may be, say six per cent, $500 and
they give to Mr.. Davis either certifi-
cate of deposit, or check, or the
money. If he has the money he will
not carry it around but put it in some
other bank, so that for the purpose of
this illustration it will make no differ
ence. Mr.. Yeager goes down and he
does the same. He has his certificate
of deposit for $9,400 and has given his
note, as Mr.. Davis did, for $4,000. Mr..
Dotts goes down and does the same
thing, has certificate of deposit for
the same amount, and has given his
note for $4,000. How much money
has there been put in the bank rep
resenting 100000 loaned, and three
times $4,000, or S2S, zoo, and my $4,000,
or total of $3S,200-not another dol
lar excepting the $4,000 that put in.
How many more depositors did he
have? Well, you have got mine-that
is evidence of prosperity because put
$4,000 in the bank in cash. Well, any
more depositors? Yes, sir, Mr.. Davis
name is in the book as debtor for
S9,400. Where did he get it? He gave
mis- note for $4,000; that is evidence
of a debt. Mr.. Yeager the same; he
is another depositor, and Mr.. Dotts,
hence we have got four depositors,
have we not? And we have got an in
debtedness of 100000.
Now you well remember in 1896,
that the banks were calling in their
loans, and were not making loans.
Hence the number of their depositors
became fewer, the amount of money as
shown by their books became less,
but after prosperity had come, as they
claim, they loaned out their money,
put out their money, and every time
they loaned dollar, or any amount of
money, they had either in their bank,
or in some other bank, new deposit
tor So that you see that a statement
of that kind isn't to be relied upon, my
friends, as very strong evidence of
prosperity.
Interviews Workingmen.
They speak of wages. A man was
telling me this afternoon of men who
We're working on your road down here
getting S1.25 per day, that few years
ago they got S1.00 or s1.10. A ques.
ton put to them-do you save more
now or more then? Is SLIPS worth as
much to you now as the $1.00 or the
! S1.10 was worth then? The answer
came from the lips of those three men
all of whom were republicans, that
; they saved more money then than
they do now. Why? Because they
had to pay more for the necessities OF
J life-more for their coffee, more for
their sugar, and | was going to say
more for their salt, because if l did
say it, that is the first time that
should have used the word salt" in
any speech that have made in this
whole campaign, and l think l have
: down there picked out of speech that
l was said to be made down in Bunch
), and wrote whole column editoria
: on salt" And then my friend anG
: brave and gallant soldier, Major
Mahon, who has been dealing very ex
tensively in salt, and when he goes
out amongst the country people, as he
did at kirkville, he spent a whole
: evening in explaining the word salt
l l appreciate the task | have got
r before me tomorrow afternoon, and
, will talk to the people there about
; salt.
> But returning, it is unnecessary fol
+ me to speak to you of the
2 enhancement in the price of the arti
3 cles, such as coffee, sugar, ETC., which
| fully accounts for the answer giver
: this afternoon.
3 l might say further. with reference
f to wages, that the wages in the mining
e districts of this state. where they have
: increased, or been extended, not OF
t account of either the republican or the
f democratic parties. or any politica
s party. The wages of the coal miner.
4 We're fixed by an agreement almos
: one year ago, in this part of Iowa, anc
: the wages that they have been get
e ting under that agreement were no
5 given to them, but in spite of any poll
teal party, owing to organized labor
Every miner and every wage earnel
here will bear witness to the truth O
= that statement.
Any other claims of prosperity urg
: ed before you, gentlemen, for the pur
:. pose of getting your suffrages? some
:. times think that man who will come
= before the people and talk prosperity
= care not where he comes from, dur
= ing this campaign has lost sight o
: humanity.
, Finds Information in the Courier.
;, Well before l pass away from thi
: subject l want to introduce littl,
:. more evidence of prosperity, and tn,
+ star witness that have got here il
the Ottumwa Courier. represented b,
y these gentlemen here. Now thes
" statements were made at the tim
: when we were not figuring anythin,
!. about politics. They were prio
!. and subsequent to the tim
! when the republican nationa
+ convention met in Philadelphia. {
!. notice the gentleman smile because
# think he knows what is coming.
While they were down resolvin,
e amongst themselves, being very pros
o porous crowd was down there an,
t saw them-probably some of them fel
e more prosperous than they really were