Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1907-11-18

banks are all right, but I want to
warn you not to believe it, That is
done for the purpose of getting the
confidence of little suckers, SO that
the big sharks can better save them
selves. The real trouble is an indus
trial one and not financial one, and
it cannot be tided over. Now, I
want to explain just a little to you
so that you may understand. If l
had an hour or two to talk to you |
am sure | could make you understand
clearly the whole situation
l will call your attention first to
the decline in industrial securities. |
Will just name very few securities
and give the amount of their decline,
and you will please remember that
thousands of other securities have de-
clined in like manner. (Here follows
list of prices of railroad and other
prominent securities, showing their
recent decline.)
Now, when one calls to mind that
| these declines took place before the
financial trouble, and when we re-
! member that a great deal of the
| money that was invested in those Sc
curities was furnished by the banks.
| 1T is not hard to understand the sit
| uatlon. When you deposit money in
a bank they do not keep that money
there for you. They only keep cer-
tain reserve on hand, only small
| per cent of their deposits, and the re-
ma1nder is invested in securities, and
then after they have paid it out for
securities, the same money comes
back to the bank or banks again, and
they re-1nvest 1t and keep on doing
that until they have invested several
times as much money as there is in
the country. AS long as everything
goes well they are all right, and make
money, but when securities decline,
as they have in this case, they lose
very heavily.
The losses in securities in this
country recently is not only hundreds
of millions, but hundreds of billions
OF dollars. They have simply invest
ed this money and lost it, and if they
would ship all the gold of the whole
world into this country it would not
reimburse their losses. They cannot
pay their depOsitOrs. The banks may
loosen up after a few days in a vain
effort to stand the storm, but more
| to regain the confidence Of the people
and get them to put back what money
they have taken out. But if they do
lOsen up it will only be for short
time, and for Heavens sake take the
first opportunity to get every dollar
OF your money that you can.
Now, if you decide that you will
meet me at Walla Walla on the 18th
of next July, that is, and if / have
no chance to see you any more, and
make any other arrangements, you
can do as you please about recognize
ing me in the postoffice there | can
! Watcn and If you seem not to want
to speak to me there I will turn and
walk out and you can follow me at
safe distance behind and I will go
to some place where we can talk, and
surely by that time you can have
everything settled so that you can
tell me exactly what you will do and
we can make all final arrangements
then.
Now | am going to make confess
sion to you. | have not sent my
mother any money yet. When | went
to Puyallup | thought l would send
some from up there and took enough
along SO that | could send some, but
| bought that stock and that took
the money that | had with me- and
Since l came back l haven't sent any,
partly because | don't want to send
it from here and partly because | am
afraid l will run short. l only have
so all told and | will owe the tailor
thirty of that next week, SO you see
if | should get out of work l would
only have $40 to get out of the coun-
try on and when times are as hard as
they will be this winter and a man
cant get work can tell you that $40
is not very much money.
Now l want to say here and now
and for all time that l will, never,
never give you up and live. II ever
the time comes that l make up my
mind that | must give you up, then
life will be very short. l love you to
madness, to insanity, l suppose, but
| can't help it; love you just the
same with all the heart and soul that
is in me. l know that l have said
and written some afwul mean things
to you, but the truth is that love
you so and want you so bad that
when l get to worrying about you it
drives me mad.
| hope Mckinney gets move on
him and gets you started at your de-
tectiVe work, so that l can have a
long talk with you. But, of course, I
don't want you to do anything in that
direction without a statement from
him made out to your attorney and
signed by at least one witness. Tell
him that if you do his work for him
you must have protection.
Lead him to believe that you are