Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1907-11-10
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i. Il. E.. g . :. &. .@, !.
REAL PRosPERiTYslIN PLENTY
There is plenty of real prosperity
n the country, There is a good crop
good prices, business institutions and
manufactures have been working
ong hours and therei S a healthy de.
nand for all products Of the field, the
'actory and the forge. The din
,uties in the financial situation dur.
ng the past few days have been arti
ieial., They have been due to doubt
listrust, the removal of money from
is accustomed channels and the con.
'equent eurtailing of the actual cash
supply, James j. Hill in Freeen,
statement, sounds the keynote of the
,roubls and gives good advice as fol,
lows: z..s 4. fs3,, ~, ,3s 81 .,5r -.
There is nothing in the actual
3 business conditions of the coun-l (
try to cause or to account for the 2
financial stress everywhere SO se-
sverely felt. The crops are good,
and until money began to disap- 3
3 pear, prices were higher than for 3
many years Buying and selling
are not interrupted, trade is ac-
tive, business as a whole is
sound at the core
Neither is there an insufficient
volume of money in the country,
A year ago there was enough for
all current needs. The notion
that Wall Street has in some
mysterious way absorbed it has
no foundation. AS a matter of
fact, the stock transactions are
only about half what they were
then, with prices greatly reduc-
ed. Probably this requires; only
from ons-third to one-fourth of
the money that was needed last
year. 5ss 55
The trouble clearly comes from
the boarding of money; not by
the few, but by the many. IN
vestors, both large and small,
feel uncertain about the future
of business enterprises. sound
and unsound alike. y. .sE
From whatever source it may.
have. come, the impairment Of
public confidence is a real fact.
1T has already done much dam
age. 1t will do more, unless
speedily corrected This popular
distrust, SO far as it leads to the
boarding of cash, is as foolish as
it is hurtful The people! shauId
put an end to it by releasing the
money whose withdrawal from
active circulation means business
starvation 5s;ss.s
The heavy financial interests
of the country are doing their
part. The people must put away
misgivings, and the present crisis
wiIisend. AIarmist publications
have done much to spread and
intensity this distrust.
The. consequences bear most
hardly upon the farmer. The
fruits Of d years labor are now
Just gathering, ready for the
market ma He has the food supply
ready, and the world needs and
S is able to purchase IL. But the
movement from producer to con
SINNER requires the use yef both
money and credit The farmer
who is she found alton of all pros
perity and whose loss or gain af.
.s fects the stateTFof other indus
tries, loses large percentage Of
y. the valne Of every busi1el of I,it
wheat and oats and barley, 81
every pound Of butter. and Of live
stock that he has to sell. 1t ii
this which makes fia present Sit
uation such q hardship and In.
jury to the whole community
For il the eultiyatars of the sol
suffer, NO business win escape.
The best and quickest remedy
II for every man who Is boarding.
money to return it to Its asual
81 enapiO ynent nsis he who ii do
r ing the mischief zss has been
seen. the na5ney ii III this notn:
Try; but 1t nlfgt be made avail
able. ~ Is as much the duty soi
every citizen TO deposit all bis sur.
plus in cash In the banks, which
IRE sntireIy sound and solvent. III