Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1904-09-21
FOLLOWED SHAW'S ADVICE.
Preaching Prosperity and High Prices
Results in Disaster and Sui
eide in Iowa.

Republican prosperity and accom-
panying high prices that Secretary
Shaw thinks are so prevalent and that
he says are the result of republican
policies have had a disastrous effect
in Iowa. When business is good and
people are prosperous it would natu-
rally be Expected that the banks
would participate in the prosperity
but In Iowa it seems to be the re.
verse. Seven bankers have taken
their lives in that state during the
past seven months, and all their banks
have been found, upon examination, to
be hopelessly insolvent. A press re-
port from Sioux City, published in the
Washington Times, enumerates the.
grueSome list:
Harry Mayne, cashier of the Bank of
Lynn Grove, Buena Vista county.
George D. Wood, president of the First
national bank, Of Colfax. Jasper county.
Frank L. La Rue, president CT the Corn
ing state savings bank.
George c. Wood, cashier of the ST Charles
savings bank st. Charles, Warren county.
Henry c. Spencer and Charles H Spencer,
cashier and assistant cashier of the First
national bank of Grirnell. Poweshiek
county.
c. F. Utterback cashier of the Sigourney
savings bank, Sfgourney. keokuk county.
The dispatch adds that five of these
bankers blew out their brains" and
two committed suicide by drowning
In every case the men had been es-
teemed among the most reliable and
honorable citizens of their community,
and the unfortunate bank officer mad
oeen driven to take his own life after
a long and hopeless struggle to save
his institution and restore his credit.
The loss to the depositors and stock
holders of these banks must have been
enormous, for we are tcld that all the
banks have been found, upon exam
nation, to be hopelessly insolFent'
Yet, Secretary Shaw prates of pros.
perity and points to present high
prices as a sure indication of it.
Now Shaw, before he became secre-
tary of the treasury, was small
banker. and being acquainted all over
the state of Iowa he must have known
the general condition of the bankc
and their unsoundness. 1t was known
IN Wall street, it was known by Dun
did not know what was going on. or
if he did, feared to hurt the party
by warning the poor deluded victims,
the farmers and business men of Iowa,
of what might be expected The Sec
rotary of the treasury is supposed to
be the Waterman on the tower OF
finance to warn his countrymen and
save them from danger
"Watchmen what of the night?'
asked the Iowa farmers. "Ali's well,
promptly came from Watchman Shaw
Thanks to the beneficent protective
tariff We are on the highest point CT
prosperity. Listen to Gov. Cummins
and the apostles of the Iowa idea
and you will have trouble, but follow
me and you will have high prices and
prosperity"
Secretary of Agriculture Wilson is
another member of Roosevelt's cabinet
who is another boomer-the Who'll:
brood are impregnated with it-listeE
to him: 'The farmers pocketbook is
full, he is a capitalist only hunting
for investments. flooding the western
banks with more money than they car
can handle and sending millions tt
the east for investment" A goot
many Iowa farmers must now wish
they had sent all their millions to thu
east instead of flooding the western
banks with their hard-earned money.
The high prices came all right, to,
high for the banks and the customers