The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1907-11-28
Chas. C. Brown Speaks on Pres
ent Financial Conditions at
Mems Club Meeting
PEOPLE MUST AID THE BANKS
Well Known Banker Gives Many
Reasons for Financial Strinxency
and Suggests Remedies for
Relief of Business

Charles c. Brown, vice president of
the First National bank and one of
the best known financiers of Kenosha,
spoke before che Mems club of st.
Matthew's church Tuesday evening
at the Guild Hall and gave some very
inter esting facts in regard to the
present financial troubles and the
remedies for them.
In prefacing his remarks Mr.. Brown
spoke of the development of mediums
of exchange and of the great system
of banking now in universal use and
showed the necessity of this system
to trade today. He spoke Of the panic
in 1893 and then speaking of the pres
ent conditions he said in part:
"Today we are facing very pecu-
liar condition, entirely different from
1893, in every way. The country is
wealthy with large crops, and the
world is waiting to buy them at a
good price and pay for them in gold.
Nebraska, we are told, has a corn
crop which will sell for $500, 600, 900.
The state of Texas has cotton crop
which will sell for $15O,O00,000. Every
farm in the country is covered with
fat stock, and the world is asking us
for our meat. Every factory is filled
with fine machinery and willing work
men. All Of this is conducive to real
prosperity,
Sat this sea son of the year, with a
large crop to take to market, there is
always heavy call upon the banks
for actual money to move it with.
The bankers of this country have re-
peated1y asked Congress for some
measure of relief during the months
of October and November IN each
year, some form of circulating med
ium which would make it easier to
move this great cropsto the seaDoard.
'sWe havesbeen carrying on in this
great country in the past five years
many enterprises which have called
for expenditure of actual money.
Railroads have been built. Electric
lines now connect almost every city
in this country; we are engaged in
building the Panama Canal, which
has required large amount of actual
currency sent there for the pay rolls
on that great work. Money has been
sent to the Philippine Islands to put
these on sound financial basis. The
great fire at San Francisco resulted
in such great loss of property that
large amount of actual money had
to be sent out there to commence the
rebuildingsof the city. To carry out
these greatS undertakings we have
called upon the world to supply us
with labor. A large number of peo-
4 pie have come to us from foreign
countries, and we could not have car
ried on these great projects without
4 them. The unfortunate part of this
is that they have not brought their
families with them to become citizens
of this country, to buy homes here, to
take share of the burden of main.
tanning the government. The money
they have earned is honestly theirs,
and they have perfect right to take
it back with them when they go, if
they SO desire.
''It is simply question of this
country to finance these great under
takings.s
"To add to this, spirit of distrust
or lack of confidence, starting ia the
city of New York, like a pestilence
has swept the country from the At
lantic to the Pacific, but as people
stop and look at the situation they
will see clearly that while the circu-
lating medium of the country may be
short, still the great wealth of the
country is here. AS soon as con.
-idence returns, the great crop will
be moved, the industries Of the coun-
try will start again, and in a short
ID time the present condition will be a
:, thing of the past. The suggestion of
''hard tines seems. strange under
such conditions. ..a
d tia many ways great good will
come from this sudden jolt. Every
oneis wondering how it came, but it
has set US to thinking, and.the great
problems of this countryia1ways have
and always will be solved sswhen the
people get at it to think about it and
do it.
"The present situation is only
temporary. Every condition is right
; for prosperity, and we are living in
the best times, under the best govern
rner1t the world ever knew