Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1900-10-11
CREDIT |R[N And NON
Prominent Des Motnes Banker Points
Out the Difference in Condt.
tions In '98 and Now.
Then it Was Dimcult to borrow
Money on Any Kind Of
Security.
Now Banks Are Eager to Lend
at any Rate Campaign
Talk.

at any champaign
Talk +
Special to Times Republican.
Des Moines, Oct 11-"There Is one
very marked difference between the
conditions in 1896 and the present" said
q prominent Des Moines banker, a di-
rector in several banks. In 1896 the
banks here adopted the policy Of MAX
ing no loans to business men that could
possibly be avoided. Any business
house. no matter how good its credit or
how prosperous its business, had to
make pretty strong showing OF need
ing the money and ability to pay before
1t could ge. dollar from a Des MOines
bank, and then the rate charged was q
good stiff one. The banks were hang 1
ing onto their money and taking no
chances that they could avoid. xhey
were reefing all their sails and getting |
ready for the possibility OF a storm.
Every kind Of business craft that was
manned by prudent men was keeping |
close to shore in fear and trembling.
Then, you will remember how it was
on the streets-hundreds of men having |
nothing to do but stand on the street
corners and talk politics. I used to look
out Of my windows and notice that it |
took very hard rain to drive these
men of the street. They didn't appear
to notice an ordinary rain at all. They
kept right on talking They seemed to
be very much in earnest. Some Of them,
L suppose, were hired to do it, but the
most of them believed they We're out of
work either because they didn't have
free silver or because of the threat of
| free silver. They were pretty we'll di-
Ivided on this question.
How Is it now? Look at the streets.
You don't see any crowds of men talk
ing politics. Everybody is too busy. All
these men have work. II a working
man doesn't want to work for you and
me, he can get a job somewhere else,
4 and takes it, and so the workingman
can just about pick his job, instead Of
1.-The employer selecting his employees. An
lemployer who wants to do that must
lpay pretty big wages. Look over there
on the corner of Fifth and Walnut. Re-
4 member how It used to be four years
.Iago. "A man could hardly get past that
\ Aplace in safety. "A joint debate was go-
h ling on there all the time. Sometimes it
Hooked like free fight and every pass
s|erby was tacitly invited to take q hand.
You don't see anything Of that sort
4 now.
i And how is 1t with the banks? Why,
They've got more money than they know
what to do with. Deposits are increas-
a ing at an unprecedented rate. Every
!. bank is eager to loan money at almost
i any rate it can get Any business man
/ with any sort of prospects can borrow
money at low rates on just ordinary se-
lcurity. OF course the money question
lis still an issue The democratic plat
form makes the same threat that it
lmade four years ago. Bryan, the per-
Isonifcation of sixteen to oneism, lis still
!, the candidate and he has taken back
81 nothing. but on the other hand has re-
) Iiterated all he ever said about getting
: rid of the gold standard at the first op-
i lportunity But the banks don t seem to
think there is the slightest danger of
lfis election. AS they look at it. there is
lno element of chance in the situation.
& Bankers generally believe that the good
sense of the business man, workingman
land people generally will lead them tc
: continue these prosperous conditions
: They had one experience in 1892 in
r wanting a change when they We're pros
? lperous, and don't believe they will
r make the same mistake again.
n
n Congressman John F. Lacey has con-
r tributed 10 the present campaign one
: OF it's most valuable documents, which
n he calls The Contrast Between Pros
: tperity and Calamity It is a picture
|. of the great Industrial and business de.
preston from 1888 to 1896 contrastet
with the universal and unprecedented
: prosperity that has prevailed during ths
e past three years. Maj. Lacey present.
d |such mass of evidence supporting tht
e republican policy and demonstrating
: 1.-THE false prophecies Of the democrac.
vi that 1t ought to convince the most stub
2 born and hide bound partisan. He fa
n collected ard presents in parallel col
e umns the results of the two policies, th'
d democratic administration and low tar
4 iff and the republican administration
ejand protective tariff. In the demo
= cratic column are given the failures
,r shut downs. strikes and wage reduc
tions Of the democratic low tariff perio,
Z iron 1898 to 1896. In the republican col
Z iumn are given the resumption of labo,
3 opening Of new mills and increase o
4 wages during the republican protectio1
7. period, 1870 1900. These statistics ar
= condensed from Bradstreet's CONNER
- cial reports and are absolutely reliable
: There are forty-six pages Of this matte
printed in small type and it is the mos
striking object lesson that has yet bee
put forth. It is done, as Mai. Lace
At does everything, thoroughly and com
le3 e3|pletely, leaving nothing further to b
or said.
l. Eleven years ago an attempt wa
o. made to centralize the republican OF
D. ganization in Iowa on the Indiana pla
IN so as to secure more harmony an
IN smoother working IN the party machir
:" cry. The plan was that the townshi
a chairmen should be members OF th
county committee, the county chairme
members OF the congressional conmi
tee and the members OF the state Ger
!. trail committee the chairmen Of the di.
,e fersnt congressional districts. Nh
a plan has not been kept up. In only or
% district is the district chairman ii
r. member OF the state central committe
.ir In districts where there is q close figl
he 1t has often been found to be the bett,
u plan to have the local campaign in tn,
Of district managed under the immedia'
aunervIOioa oS tie nominee Tor Co