The Mena weekly star., 1907-12-26

or likely the prevailing commercial dread and thereby hurt the plblic.
 There is ample which plotted to destroy in large measure the prosperity has msnterpeed the They regard not act o restraint of the geaeal welfare but as al acknowledgment their mastery
 Therefore the North American has when should state plain facts in that might be understood by all
 troubles prosperity artihca-manntac tured natural causes All come directly from banking laws clause framed nd passed at the dctaon and Tor the oeneht the money changers.
 It is not our purpose to this Our wish lay in and simple form the elementary truths of the conditions that confront the country
 Let it be remembered, always that is producing article whose proper is medium for the ex change of commodities Under just currency laws prosperity should in and at no time be effected oy this medium called money.
 The purpose proper currency banking laws is provide for money value obanabe the places times the quantities demanded by the legitimate needs agricultural manufacturing, and mercantile industry
 designated handle the medium called money interests of all He paid we'll to act as distributing agent That is his sole function He usurper attempts play the His duty is to between the demands of vsonaries and swindes and That he limit of his rightfu He has right whatever to affect prosperity.
 Any financial system nfexible that iu there suddenly the channels of trade the volume of money necessary uninterrupted flow o whether of loss of public confidence by the desire of the
 
 This financial does And class first in list of defects the fact that under our system there is fixed, definite, known amount of money. number of bushels of wheat bales of cotton ths country if certainty that the amount would be the during the next hv years to come allowing TOT ID according known rato would be the simplest matter
 The parallel good known supply of money controlled infinitely less and trouble than any varying product of the soil
 Wal Street knows all times where all the mouey s The by 1000 National the 900 State trust companies and private banks Add they know that all these Wall Street institutions which represent the great predatory inter
 banking little interested the division of business activities which be termed the purely agriculture form only the foundation but all that solid
 The business of the big bewether banks wofold s'de it stock gambling On the other side it the promotion o enterprises and combinations that great hotaons aud issues from they huge of writing bonuses and commissions
 Estimates vary but conservative calculation places the amount of cash all business purposes m hs country interests desire to create and sustain bull market It estimated that have in the New York banks outside in readiness oo ea at short n0e one billion 0 the two ana
 That to say that the city which forms per counys population requires 40 cent o cash supply to carry gambling operations
 These banks and lower of stocks through the country. They gamb ling at will by fixing the callloan rate in New York ing 1893 it estimated thst Wall Street and ~e aued wh u for whc they could nd no local demand the deadened of industry and | for ot cash for its gamblers Through flowed Wall the that always that mills crippled and industrial depression IS acute.
 This peddled the gamblers They bought stocks and the upward speculative under the manipulation the changers
 coincden,ay the election of Mckinley the ayug of the tue of confidence and the ou of industry Natural developments made the task of the bull market makers
 The unparalleled prosperity at that time birth to thing in business. The big bond hotaons The found that underwriters they could aud unearned wealth faster than they could before
  ter of the They let freely. They used votism They helped stimulate business section
 They had patriotic night They needed the creation of buying power fo their bond The country be in condition exchange Stock prices inflated and kept soaring the . bond market.
 Finally the purchasing power reached limit The country had absorbed all the securities could The took account of their cash and paper possessions
 They found that of the former New York held millions