The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1907-07-03
pEPAssEp PRosPeRITY.


When such a conservative business
organ as the New York Journal OF
Commerce. says the Macon News, is
constantly warning its readers that
the condition of the money market
bis critical and that the associated
banks Of New York have about all
their surplus tied up it behooves
,other people to SIT up and take no
tiee
Call money is offered nr "
York from 2 to percen v
ttons to mercantile ho6ses ~
Nv be had for less than 6 Percent and
the railroads would be glad to secure
funds at that figure This would I'M
dictate that The banks are cautions
just now, for there is fear Of the
FIXTURE hence The high interest de-
handed on commercial and time
loans, sci the journal Of Commerce
says Money IS scarce in. New
lYork" A
How is ithlsevbere IN all The in.
terror grea{ honey centers Ike ST..
Louis and Chicago, The banks have
Increased their loans in proportion
to their deposits and surplus funds
arc scarce there also. n fact the
banks Of the western and middle
Estates are loaned MP 10 the limit
so that in the event Of higher in.
terest being offered later ia Che year
IN New York there would be but it,,
tie chance Of western money foaHnsS
there. When the crops begin to
move, which VIII soon happen in the
coSton and wheat regions. the de-
nHnd for money by the cotton and
wheat buyers will begin and must be
providk ID for and yet neither the
aoutheO or western banks, nor the
Now Yk TX banks would seem to be in
a eoudAtion to stand the strain on
their i sources. If the crops should
proya&o be light, the Increased rEice
lid kemand about the same
amount cash TO take care Of them
as If hedN y crops prevailed and the
price was less.
There is also the probability that
some wholesale country merchants
win require to borrow II the banks
or seek extension Of time on
their accounts, because Of the UNI
weather hlnderiug the or
binary purchase of goods, which is
sure to make a further drain on ihe
banks, Just when tho crop moving
season is in full force
1t would seem therefore, to be wis
dom on the part Of ordinary people
planters, farmers and cts 9, to keep
out Of debt and be cautious about
purchasing untn good crops are as
sured and until the money markets
are restored to their normal stability.
fol- il may be difficult TO secure tenn
porary Accommodations to meet press
ing bills, especially II the crops do
not meet expectations in quantity
and price.
Prosperity, based on tariff protect
ion, is precarious It makes princes
and paupers--commercial princes of
the trust magnates and paupers of
those with incomes that do not re-
spond to trust high prices. Enter
prise shows us that such republican
prosperity has always broken down
OF its own weight and financial dis
aster has followed very high prices.
There are indications that the pres
ent boom is on the verge of c1l-
lapse and It behooves wise men to
ne careful
On the farmer deuends our future
prosperity, and ii the republican pei
icy of protecting the trusts could be
abolished so that the farmers atc
consumers would not be con;Ne!1ee
to pay protection prices for what
they buy, year of light crops could
DE passed over without disaster. But
as it is We must have big crops and
high prices to be able to pay the
trusts and corporations enought toll
Ito keep them from bankruptcy that
would effect everyone. Keep your