The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1904-09-09
FOLLOWED SHAWS 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 4
in Iowa. When business is good and /
people are prosperous it would natu- 1
rally be expected that the banks 4
would participate in the prosperity
but in Iowa II 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, 10
be hopelessly insolvent. A press re-
port from Sioux City, published in the
Washington Times, enumerates the
gruesome list.
Harry Maync cashier OF the Bank OF
LYNN Grove. Buena Vista county.
George D. Wood, president Of the First
national bank. Of CofaN. Jasper county.
Frank l. La Rue. president Of the Corn
ing state savings bank.
George c. Wood. cashier OF the 81. Charles
savings bank St Charles, Warren county.
Henry c. Spencer and Charles III. Spencer,
cashier and assistant cashier OF the flrst
, national bank OF GrinneA, fo"esAleA
county.
II lIffeTDlCK.
= savings bank. Sigourney. keokuk county.
i. 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-
. .eemed among the most reliable and
honorable citizens OF their community
a and the unfortunate bank officer mad
: ,een driven TO take his own life after
"a a long and hopeless struggle TO save
1 his institution and restore his credit
/. The loss to the depositors and stock
: holders of these banks must have beer
Il enormous. for we are told that all the
banks have been found, upon exam
u nation. to be hopelessly insolVent
!, yet. Secretary Shaw prates OF pros
% oerity and points to present higi
i prices as a sure indication OF 1t.
i Now Shaw, before he became secre
y tarv OF the treasury. was SINAI
4 banker, and being acquainted all owe
y the state OF Iowa he must have know
+, the general condition OF the bank
: and their unsoundness. 1t was know
NJ in Wall street, it was known by Du
N and Bradstreet but Shaw evdenu
Al did not know what was going on. 0
- If he did. feared to "hurt the party
- by warning the poor deluded victims
"A the farmers and business men OF low;
I. of what might be expected. The sec
~ rotary OF the treasury is supposed
,Vv be the Waterman on the tower
II. finance TO warn his countrymen an
"a save them from danger.
"A "Watchmen what of the night
asked the Iowa farmers. "AlPs well
promptly came from Waterman SHAY
Thanks to the beneficent protecu'
- tariff we are on the highest point
= prosperity Listen to Gov. Cummii
NJ. and the apostles of the Iowa ide'
=, and YOU will have trouble. but folio
- me and you will have high prices al
he prosperity
~ Secretary of Agriculture Wilson
-, another member of Roosevelts cabin
a., who is another boomer-the who
,av brood are impregnated with it-list
/, to him: The farmers pocketbook
~. full, he is a capitalist only hunts
,,r for investments, flooding the weste
banks with more money than they c
!. A.. can handle and sending millions
the east for investment" A go
i. many Iowa farmers must now Wi
i. they had sent all their millions to
As' east instead of flooding the weste
-. banks with their hard-earned money
W. The high prices came all right.
high for the banks and the custome