Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-10-30
STICK AT ROSE HILL.
Short Hand Report of His Recent
Speech at That Place.
DENIES THAT We HAVE PROSPERITY.
Says Markets Abroad Are Better Than
Those at Home-Democratic Idea of
the Relation Between Bank Loans
and Bank Deposits.


the Relation Between Bank Loans
and Bank Deposits.
From Mondays Daily.
The Oskaloosa Herald sent a short
hand reporter to Rose Hill to take Mr..
Steck's speech in full. Mr.. Steck sur
prised his Rose Hill audience just as
he did his audience at Bunch. by argu-
ing that the country is not enjoying
prosperity.
This is what he said:
Prosperity.
They assume we have prosperity
and that it came from the republican
party. Well, they are apparently hav-
ing good markets abroad. You farm
ers will bear me out in that. You
know in this county. | know across
in the other county they have agri-
cultural reports of this state where you
could read them. l am surprised.
read them and compared them and
they do not corroborate single state
ment, with reference to the values of
the products of the farm as compared
with those years. There might be an
exception with one product but the bal
ance is in favor of '93 and '94. That
is matter that can be determined by
you, gentlemen, just by turning to the
agricultural reports. The mule and
the horse is also discussed there, not
from partisan standpoint but for
your information and education, no
other claim.
About Our Export Trade,
n Why they speak of the great ex-
port trade they are giving now their
grounds for prosperity. They say and
speak of the many millions of dollars
in favor of the export trade of this
country. Do they tell you how much
they get back from the country that
comes in here to make our country
richer and Weather? Oh, no. When
you ask him that question he stops.
That is as far as he will ever get He
will probably say you are not telling
the truth. That is the way they close
up the argument. Again, they speak
of what great nation this has come
to be. Oh, the wealth Of this nation
and they draw the figures and get SO
reckless in the ciphers and they don't
know how much they have got only
they say they have so much money
going into foreign countries to seek in
yestment.
Investing the Surplus.
The time has come in this country,
has 1T, that the trusts and the monopo-
lies have SO cornered and controlled
every branch of industry and every
nj nv, a
that If we want to get place to invest
our money we have to send it abroad F?
THAT is evidence of prosperity here, is
it?
don't suppose we have got any
place in this open prairie country of
ours. we are SO thickly settled we have
no room for investment. Have we?
Well, they don't tell you what the f.
nancial condition of the people in this
country is, but they say you are pros
porous. The amount of money outside
OF the twelve thousand have been
shipping beef abroad. That is on &C.
count of the price being better over
there than here. Don't you think so?
That would be the common sense view
OF 1t. You know as evidence of pros
perity that our republican friends,
spellbinders, so-called, call your at
tention to the fact of the large export
trade, the balance in favor of this
country. Well. they must have pref
ty fair markets across the waters.
The Dingley Bill.
You know they have got free trade
over there SO probably you can attrib-
ute the good times over there to the
Dingley bill and I have examined the
markets, and it is wonderful what an
elastic thing this Dingley bill is, It
don't work the same way at all times
and it don't work the same on all ami
mails. For instance, a steer is worth
so much this month and not SO much
the next month. Last fall calf was
worth $40 and don't think it is worth
SO much now. So 1t is very uncer.
tain quantity when it comes to calves
You know some farmers bought some
steers last fall under the Dingley bill
The Dingley bill has gone back on
them and 1t is going back on hogs in
about the same way. So you will have
prosperity one day providing you
bought them right under the DINGHY
bill and the next day you don't. Sc
as matter of fact, there is good
deal of speculation about the Dingley
LII as to hogs and cattle, don't you
think? / have here the various prices
of hogs, cattle and don't know as ]
have any others, but l have of the
products of the farm, wheat, rye, etc
Now 1t is not the price of one day, but
1t is the price of the year, and '93 was q
panicky year. 1893 and '94 and have
4 compared the prices of most OF these
products, for the years '93'94!95-96'97
1913 and '99 and which side do you think
the balance is on under the Dingley
bill? Well, it is in favor of '93 and
'94. When you come to figure up or
the products and the amount produced
the amount is in favor of '93 and '94
Again, don't suppose that a mar
who came before you and made any