1 " ' HHHflHflflflHHflflHwflfl-i
BflflflflflH
BflflflflflHI PROSPERITY'S WIDE SWEEP
fl fl H _ _ _ _ _ _ _ _ _
B Whole Country is on the High
m Road to Good Times.
HHHb
"
HHHJ
Vfl Unprecedented Showing of Mortgages Cleared
H Off by American Farmers.
HhhIH „
H Great Democratic Journal Produces Indisputable
H _ Evidence of This Fact. _
H Newspaper Press Everywhere 'Continues to Testify to the
B , Business Improvement.
H i i i % f * _ _ _ # *
_ _ _ _ _
HR The testimony of returning business
Kj activity which lias been presented bj
M this paper-In the past two months
H through a collection of statements oi
H the press of the country , Irrespective ol
H party , has attrnctea much attcntlor
H and been received with much satlsfnc
M tion. So gratifying has this prcsenta
H tlou been , and so rapidly do the evl
H dences of prosperity accumulat6 frotr
H every direction , that another series ol
H statements of very recent date are here
m with presented.
m These statements are all remarkable
M and striking , but none of them is more
H so that the lengthy one from the New
M York Sun , which has gathered from all
B parts of the country Information about
Hj the condition of the farmers and the
Hj rapidity with which they are paying
m off their mortgages under the bettei
B prices for crops , and the lessons of the
H past four years , which have taughl
H them the importance of taking the first
HR opportunity of paying off their debts
H3 • whenever possible. The article , ii
Pl , will be seen , covers all sections of the
Hjf country , and shows remarkable pros-
B perity and prompt application thereof
H to reduction of indebtedness , a double
B condition on which the farmers of the
M country are to be congratulated. Here
H Is the collection of convincing dispatch-
1 es appearing in the Sun :
H Seattle , Wash. For the first time ir
P several years there is much idle money in
B Washington. This state of affairs is due
B in a great measure to the excellent crops
H of lS'JG and to the prospects of still bettei
H crops in 1SC7. All the wheat belts of the
B State , including the Big Bend of the Co-
H lumbin , the Palouso country , the south-
M western part of the State , and Skagit
B and Whatcom counties , will produce , it
is estimated , at least one-third more than
ever before , and the first step of the farmers -
ers will be to raise the mortgages of their
BJ farms.
BB "The debt of the farmers of Washing-
BB ton , " -'aid C. E. Vilas of the Washington
BK National Building , Loan and Investment
BHt Association of Washington , "will be deB -
B , creased at least _ 3 per cent by this year's
H crop. "
Hj R. P. Latimer of Dexter , Horton & Co.
Hj Bays that a reduction of 25 per cent on
H debts for the last three years is a low
Hj figure. The estimates are that the farm-
I ers will gain $10,000,000 from the crop :
_ E _ - _ -f 1S97-
T i iJ iiftti HM-i btHKltAe Seattle
H very best quality ! A like conditfo xisT : '
B in the Palonse country.
BB Levi Ankeny , banker of Walia Walla
BB Tas ' ? Scattle a few days ago and said
M | that Waila Walla had too much idle
B money.
H J2Cardin of J. Adams & Co. says the
H wheat crop will be the largest ever pro-
H dueed in Washington , amounting conser-
H vatively to about 18,000,000 bushels The
H farmer will probably get 55 cents in east-
Hj . ern Washington and 70 cents at this port
H Seattle , owing to the opening of the
Oriental trade , will handle six times as
muc _ grain as ever before. Mr. Cardin
says there will be better times this fall
than in five years. Last year an east
Washington farmer went to the Northwestern -
western Bank in Spokane.
K'Tnke my farm , " he said. "I cannot
B\ PQy the mortgage. "
L& The bnk not ony , dcclined to do so , but
P * gave him seed wheat. This year ho will
W clear himself of debt and have a snug
L balance.
Portland , Ore. The farmers of Oregon ,
Washington and Idaho , owing to the
good price of wheat , have been enabled
to pay off most of their mortgages , and
n this year will get almost entirely out of
Bi debt.
K In Washington loan agents find their
Q business greatly restricted on account of
M Populist legislation. The late Legislature
passed an act increasing the amount of
property cj. empt from execution , and abolishing -
ishing the personal judgment clause in all
J mortgagee ; , so that only the property mort-
V gaged tan be he'd for money loaned. In
Oregon loan agents are not hindered in
this manner , hut they report a very slack
B demand for money at the present time.
fl Bismarck , X. D. Inquiry among lead-
B ing agents of loan companies develops the
B fact that few applicants for farm loans
B exist in comparison to former years and
V hundreds of farm mortgages have been
B paid recently. The exact reduction of the
mortgage ] debt of the State would be im-
B possible tc ascertain without investigation
I of the lecords of each county , but the a -
1 grcgate decrease will be large. This im-
M provement has come about through more
scientific farming , greater attention to
Wdiversification \ of products , and the ex-
I' J tension of the stock industry. The latter
I has assumed larger proportions among
I smal ! farmers in the last few years than
D ever before. Applications for hundreds
I of new biands have been filed with the
I , Secretary of State. The raising and ship-
| ly ping of stock is the most profitable occupation -
\ pation of faimers , and not until recently
I has it baen taken advantage of here.
4 The advance in the price of wool 'has
been worth hundreds of thousands of dollars
lars to the State , and nearly every farmer
has a 'lock of sheep and receives part of
the benefit. The new law allows the State
Board of School Lands , which has the.
custody of SI.000.000 of the permanent
school fund , to make loans on farm lands
t a very lew rate of interest , and it has
not yet had an application for a loan from
any farmer.
Helena , Mont. Information obtained
from luan agents and ofllciais of this
county is to the effect that the mortgage
indebtedness is being gradually reduced ,
and that this process has been going on
for some time. Farming settlements are
so sinuil and widely separated that it is
difficult to give their condition , although it
is believed to be improving slowly. In
the regions where stock growing is the
chief industry the improvement is de
cidedly noticeable. Three years of plenty
have put the sheep and cattle men in
prime financial condition. The advance
in wool this year has been particularly
helpful for the sheep men , who have had
two years of favorable conditions on the
ranges.
The copper , gold and coal mining camps
of the Si site are working to their limit ,
and indebtedness will be gradually lessen
ing in these camps. On the whole , the
conditions of the State are improved.
Denver , Colo. Colorado has paid off
debts approximating $2,000,000 since the
first of the year , and bankers report more
money in their vaults than they can pos
sibly „ nd any use for. The First Na
tional Bank of Denver on the first of the
month had $10,000,000 in deposits , the
greatest in the history of the institution ,
whicli is the oldest in the State. The
managers say that they find less demand
for money than at any time since they
embarked in business , and that the bank
has simpiy become a place of deposit , ow
ing to the piosperous condition of the city
and State , which precludes a ready mar
ket for loans.
Never has there been so much loose
money in the Western country , owing
mainly to the introduction of feeding ,
which has superseded the old-fashioned
range system in live stock raising. Colorado
rado farmers have embarked heavily in
feeding of both beef and sheep , and have
taken the place and the profits that for
merly accrued to the corn growers. In
the city there is a great deal of building
going on through a desire to employ funds
that would otherwise be idle. This takes
away from the banks one of the most lu
crative sources of loans , for building has
always been carried on here on borrowed
funds.
Fruit growers who have scored one of
the most successful years in their history
say that they do not want money , as the
buyers are all too eager to get their crops
to wait for the holders to move it. New
York , Chicago and St. Louis commission
men are making advances that properly
, belonato the'CoIoradp banks. They are
money. < > ' 1s
The mining world is not taking -ny
money , and the bank rate , which has usu
ally been held in Denver at from 10 to
12 per cent , has fallen to 5 and G per cent ,
with money begging for employment at
those figures.
I Des Moines , la. Investigations made
here through local agencies and financial
institutions reveal the fact that Iowa
farmers have been paying off rather than
adding to their mortgages. Owners of
unimproved lots are the principal borrow
ers. The farmers o Iowa had a hard
time of it last winter
, due to the softness
of the corn crop and the death of $25 000 -
000 worth of hogs of hog cholera ' ' If
those hogs had been fed to sell the
sur
plus corn would be of much smaller bulk
now , and prices would probably rule high
er. During the last few weeks com in
local stations has been quoted as hirfi
22 and 23 cents , this being in the places
where farmers feed rather than sell their
corn.
There are few farmers who
are behind
on interest payments on mortgages
Money was never more plentiful in Iowa
than it is now for loaning purposes *
Th G
ruling prices for money are now Gand
per cent , rarely S per cent , which is the
legal rate. Some money in large oaanti
ties and on long time has been loaned
on
real estate security , for 5 per cent , which
was unheard of until
recently. There is
x scramble among money lenders to picj-
up good loans. That Iowa mortgages are
fewer now than they
were a few years
igo is admitted by all money lenders The
liard times have caused some people to go
nto debt , but there has been greater econ-
> my practiced and there has been a desire
o settle up and begin even with the good
: imes that are felt all over Iowa to-dav
Sioux Falls , S. D.The loan agents " of
Sioux Falls all agree that the last four
ears have been years of wonderful doht
laying. D. L. McKinney said that $50
(00,000 ( would just about cover the
a "
regate of the debt liquidated in that time
Yhen the hard times struck South Da *
: ota four years ago people stopped goin-
nto debt , because they could find no one
if whom to borrow. Then came an era 1
f close economy , followed by a superhu- <
nan effort to get out of debt. For the 1
ast two years crops have been good , and '
or the last year have sold for a "ood '
irice. The creamery industry has brou-ln- '
nto the State $3,000,000 a year , and-livo
tock $23,000,000. 1
Loan agents here are unable to place l
ne-half the amount they
are willing to i
nan , even at a reduced rate of interest , j
lark Itusse-ll , whose company has 1,500
ians in South Dakota , says that over 30 1
cent are paying in full
or up at maturity j
f the loans and most of the rest are t
laking partial payments. \
Figures from several counties show that 3
rherc one mortgage has been recorded i
ve have been paid. Some of the liquidai
tion ha been enforced through foreclos
ures , but thin is on city property which-
was mortgaged in the days of inliation.
There have been very few foreclosures-
on farm lands.
It is estimated that in 1897 the product
from the South Dakota farms , including
the live stock and croamory'iridustries ,
w [ aggiegate $100,0 < WOOO.fTtiis , dis
tributed among 350,000 peopleVis enough
to give u comfortable living and , in addi
tion , to make a great inroad on their in-
debtedneKs.
St. Paul , Minn. The mortgage and
Joan business on farm lands in Minnesota
has fallen off more than 50 per cent dur
ing the last three years , principally in the
last year and a half. Of all the loans that
were in existence in Minnesota on farm
ing lands three years ago the various con
cerns differ slightly on the percentage that
has been paid. The lowest estimnte place ' s
it at 10 per cent and the highest nt 25 per
cent , while the average seems to be 10
to 20 per cent. This is held by the mort
gage and lorn concerns to be a wonderful
showing , when it is taken into considera
tion that a vast amount of money was
loaned in Minnesota during the boom
times. It means that that much has been
paid back over and above what has been
borrowed. There have been practically
no foreclosures.
That the State has felt the pinch of
hard times was one of the great factors
that kept the farmers from going further
into debt. When the bottom fell out of
the boom the farmer was the first man to
take to ihe woods. He immediately cut
his expenses and practiced the closest
economy. The farmer incurred no new
debts.
Although diversified farming has gone a
great way toward relieving the Minnesota
farmer of his debt , by far the greatest
factor has been the dairy interest. There
are hundreds of creameries and half as
many cheese factories in Minnesota , and
the majority of them have been estab
lished since 1892. The effect of the es
tablishment of these creameries has been
almost electrical. It has been the prin
cipal cause of the large payments of
mortgage loans. At the end of the month
the farmers get returns from the cream
eries. A great mnny of them , in fact al
most ail the larger creameries , are co-
IMMEDIATELY
m\\i \ \ { \ t
t
the sun ribes at the usuul hour unou an ,
earth -.till turning on its aria.
Payinir Off the MortuauCH.
An invincible and positive proof that
local affairs are becoming more encourag
ing and that Williams Couuty , at least , Is
seeing the dawn of better times , is fur
nished in the following figures , given out
by Mr. Ewun , the recorder of this county :
Since Jan. 1 last the number of mort
gages filed for record in this county is 160 ,
while the number released is 279 , so that
to-day there are 113 fewer mortgages on
Williams County land thnn there were on
Jan. 1 , J 89.7. The record by mouths is
as follows :
Recorded. Released.
30 January 62
31 February 43
37 March 47
* * • • • • * • • • • • • • * • • * prJlT7 V • * * * • • * 0 5
w • • • • • * • • * • • • • * • AX 11 j • • • • • • • • • • • • • • • * * 4 _
14 June (21) ( 32
160 270
This shows beyond dispute that Wil
liams County debtors are paying their
debts , and no condition of affairs could
be more promising thau just this. Ohio
State Journal. . ,
* '
1
South-as Well as North.
The truth is , our Southern States are
in good condition. All their products of
the soil are in touch with markets. Man
ufacturers are advancing steadily. Busi
ness in lumber is growing at a rapid rate ,
and the surply of timber is immense. The
great staples of agriculture , with cotton
at their head , have the world for their
market ; and the lesser products , coming
much earlier thnn those of the Northern
States , and di&tant but a single day from
the Northern cities , get the best of the
market every year , and are mostly con
sumed bet ore the Northern crops come in.
At Southern industrial centers trade in
all lines shows marked activity. Port
land Oregonian.
New _ " ork Times Admits It.
The New York Times ( Democratic )
takes a hopeful view of the business out
look and believes that the tide has turn
ed for the better. While the Times is
opposed to the Republican tariff policy.
- -C-B-W-a-W-M-M-M-
- - - - - - - - - - - - - - - -
would not have beeti considered during
the depressed times. The financial re
ports now show that money can be secur
ed for any reasonable enterprise at rates
from & per cet down , showing that con
fidence has icturned and that capitalists
desire to have their money bringing in
even small rutes rather than having it lie
idle. St. Louis Star.
" "
* .
Fecretnry Gnge Confident.
"At the end of this fiscal year , " resum
ed Secretary Gage , looking over the offi
cial statements which had just hceu pluc-
ed upon his desk , "the condition of the
Government is all that could be desired.
There is no trouble with the gold reserve ,
that barometer of confidence. The busi
ness men , capitalists and investors , not
only of cur own country , but of the world ,
are content with our situation.and pros
pects. AH the nervousuess which for
merly held us in its toils has disappeared.
In its place we have confidence iu the
future , confidence in the Government ,
confidence in ourselves. The hoarding of
gold has stopped and much of the yellow
metal that was put away during the de
pression has come out and gone into cir
culation. The tide began to turn the day
President McKinley was elected and it
has been running the right way ever
since. " Chicago Times Herald.
The Lst , of the Hard Times. <
We have about seen the last of the
hard times and the movement has begun
toward the prosperity that seems so long
coming. It cannot , in the nature of things ,
he rapid , because the American market
is crowdeJ with foreign importations ,
whicli must be consumed before our own
manufacturers can enjoy that which they
have been cheated out of by a low tariff ,
and our own wage workers receive the
earnings that are going into the pockets
of European producers. Wheeling Intelli
gencer.
Nature Is Helpintr.
Nature is preparing bountiful harvests
that will greatly facilitite the recovery of
business during the coining fall season.
Indications point to continued activity in
the export trade , the volume of which
exceeded all previous records in the fiscal
' i
? _ 1 _ _ _ ISJ PSi IB § IPp
IbbbsHHb9S f % ilL
i Mi i / i w *
i ; L-SHbl Shr lifr "l rSfW" : C
"
BBiBiB i
ifa ' , , s. $ & * $ * > : J5NCLESAM PVE430T IT AT LAST ! "
| < . -x.i.xa , „ _ u _ x-t- ix. . - tfrev ji ' t
themselves. In this manner theyjffve al
ways enough money to buy their groceries
clothing , and such necessary commodities
of life , while on the farm they produce
their own flour , vegetables and meats
The result is that from the sale of theii
wheat , oats , corn , pork and beef thej
realize a net profit , and it is this monej
that has been used to pay off the mort
gages.
* Little Rock , Ark. Although the crops
in part of Arkansas were cut short by
drought last year , the people by economy
are getting out of debt. The people look
forward to an era of railroad building in
the near future unparalleled in the history
of the State , from which they confidently
expect good results. The State debt is
not large and will be considerably reduced
by the acts of the special session of the
Legislature. Gov. Jones thinks very little
of it will remain at the end of his admin
istration. The loan companies are doing
verv little business in the State. Many
of them have withdrawn recently.
Lincoln. Neb. The report of the State
Banking Board just issued contains much
encouragement for business men. It
shows the condition of the State and pri
vate banks at the close of business on
May 2G , 1897 , as compared with that at
the close on Dec. 31 , 1S9G. At present
there are 400 banks , as compared with
114 on Dec. 31. During the interval 23
lanks have closed , 3 have reorganized and
) new banks have opened. Under the
lead of liabilities there is a general fall
ing off in the amounts , with a notable
exception in the item of deposits , which
mows an increase of $1,008,028.90. In
esourccs there is an increase of $1,227 , -
L23.40. These latter two items , resources
ind deposits , are regarded as especially
mcouraging by business men.
Will Silence the Croakers.
Like the rising tide it will not fill all
be littbi nooks and channels at once ; and
o , many maj feel skeptical about it. But
his will make no special difference with
he fact except to retard it. The more
l0pe ani confidence the quicker and more
omplete the revival. It will not be long
, efore this confidence will be general.
Jusiness will be brisker. Merchants will
eel it and begin to solicit trade and to
dvertise as of yore. Traffic and travel
kill increase. More and more , manufac-
urers will increase their purchases and
roducts. Building and real estate will
how 8ins of it. Once Congress ad-
Durns with the tariff settled in favor of
imerican industry , and American indus-
ry will as certainly take advantage of it
s morning follows night. Before the elec-
ions in November there is every reason
3.believe that the croaking of the calam-
: y howlers and the nostrums of the Bry-
nites will seem as ridiculous as do the
redictions of the last-day prophets when
ity howleY , but Is , cWingN = > wn the U3ta75
sensationalism of most of the Democratic
press which is retarding-prosperity. In
the financial articles of the Times the
hopeful signs for future business pros
perity are pointed out. In Saturday's pa
per one c-f the best known stock exchange
men in the- country , the head of the firm
of Charles Head & Co. , is quoted as de
claring that the tide has turned in the
right direction. In accounting for the
strength • nhich the stock market is show-
I ing and the wonderful advances that have
occurred , Mr. ITead explains that Wall
street foiesees great improvement in the
business of the country and believes in
the near approach of good times.
Grain Prices Show It.
Here are the results in the grain mar
kets , the prices being those quoted in
Chicago :
_ _ lsno. 1SD7.
Wheat. Xo. 2 rCVi 70'/ .
Corn , No. 2 27 % 24 %
Oats , No. 2 17 23
Rye. No. 2 32 34
Barley. No. ? 30 % 32
These quotations show that everything
except eorn i * higher than a year ago , and
the decline in corn ( only 3 cents ) is due
to the fnct that last year's crop was the
greatest ever known , while the crop of
the year before was almost a failure.
Moreover , so far is it from being true
that com is now selling "lower than ever
before , " it is shown that even corn is high
er now than on many occasions in former
years , and higher than it wns last Sep
tember , which was "before the last elec
tion. " So the Register demands with
some pertinency : "Why did this conven
tion lie even about corn ? "
But the comparison does not stop with
grain. Here is an exhibit of prices of
livestock at Chicago now and one year
ago , like grades being stated in both
years :
_ , isno. 1S07.
Hogs 53 20 § 3 45
Cattle 3 7,0 4 95
Sheep 1 75 3 23
From all of which it appears that ca
lamity howling for politics may easily
overshoot the mark.
Interest Rates and Prosperity.
No better indication of returning pros
perity is to le found than in the decrease
in interest rates. It shovs not only that
there is an abundance of money in the
country , but that the money is seeking
investment. When times are hard , money
scarce and there is little confidence , inter
est rates always go up. Capitalists will
not risk their money unless given an over
abundance oi security and promised a
high rate of interest. But the minute bus
iness conditions begin to improve every
one is anxious to invest , even though the
investment will bring but small returns ,
and money is put into enterprises which
1
* " * , . . . . * . . . . . . . .
' ' I' ' 'H ' Wmlj | gUUill.lll. ! nmW-Tl j. -i .j
-yea ? ? § r , ffc jtl ri fesr r- '
vious totawas 51,030,278. 8. in 1S9.T
The imports for the fiscal year were $764.-
373.905 : ' i > _ d in spite of the big increase
under the tariff stimulus in recent months
the yecr ' s aggregate was smaller than
that of 1F9G and has been five times ex
ceeded since -Philadelphia Record
( Dew. ) .
Calamity Howlers ni coiiraued.
Testimony which comes from every cen
ter of finance , trade and commerce in the
countrv , is not calculated to afford much
encouragement to the professional calam
ity howler and the croaking Bryan fol
lowers. They had hoped that the depres
sion would continue until after the fall
elections. But the tide of improvement
has set in and it will not be stayed at
the command of the demagogues who prev
upon adversity and hope to gain political
advant-ige from the miseries of the peo-
P' ' ° - With the dawning of prosperity
which is at hand , will come the last blow
to Bryanism and financial heresy and dis
honesty. - Wheeling Intelligencer.
Calamity Screamers in Trouble.
There is nothing in this world that will
start the Bryanite to yelling calamity'
Calamity ! Calamity I more quickly than
the word prosperity. If he sees it or
hears it anywhere lie at once proceeds to
tear his hair and to rush around as aim
lessly as flies in midsummer. His eves
start from their sockets , he foams at the
mouth and has all the symptoms of violent
lent hysteria. Dubuque Times.
Co-operate with Republicans.
It will he a great disappointment to the
people who had hoped that the tariff issue
would embitter the gold Democrats
against the Republicans to find members
of that party co-operating with the Re
publicans for the defeat of the silver
Democrats everywhere this fall , but it is
quite apparent that the Democrats who
opposed the election of Bryan last fall
will be against the
as earnestly silver can
didate this year.
"LivingWastes. . "
The purchasing ability of the great
masses is what decides good times or bad
times , and that ability conies of "livin"
wages. " Globe. Boston , Mass.
And the "living wages" come only un
der a protective tariff.
Iowa. Ohio and Indiana farmers are
not going to be as "easy meat" for the
calamity howlers this year as they were
last , owing to the fact that they are get
ting a trifle of five million dollars more
for their wheat crop this year than they
lid in 189b- .
M B l MiiiiBiii B _ - _ _ ! 5 i : i" ' * ' > -
STANDS BYMILHA'MA
u ,
FALSE CHARGES DENOUN.-J
BY SECKETARY WARNER.
United Mine WorkerSecretnry Kay *
the Ohio Senator Han Improved the
Condition of IIU Men Patau Storlcn
Circulated About Him.
. .
Enters a Protest.
William Warner , Secretary of the Unit
ed Mine Workers of the Pittsburg * •
trict , has entered -in earnest protest at
the manner in which the names of miners'
officials are used in statements concerning
the treatment of miners by Senator Murk
A. Hanna. He says :
All these stories pnbllshed about the nltl-
tinle of Mark Hanna on Inbor ara false.
Lvery time you see the names of myself or
Patrick Dolan. President of the district ,
coupled with theac ntorlen , It Is done with
out our knowledge. I have denied them re
peatedly , but what can 1 do to stop their cir
culation ?
The true story of Mr. nnnnu's attitude tn
ins workmen and toward union labor , as far
ns his mining Interests In Western Pennsyl
vania are concerned. Is that he Is the best ]
man In the whole district to work for.
I do not know .Senator Hanna never saw
him In my life. Mr. Dolan and myself voted
the free sliver ticket last fall , and will dose
so attain if we ca „ get u ciance , , vy0 have
no Interest In Mr. Hnnna's candidacy for
United States Senator In Ohio , but the fact
that wo are opposed to hlm In politics scent *
to have given some writers the Idea that
tliey are licensed to use our names to tell
absolute falsehoods about him.
Mr. Hanna never to lay knowledge took
an active Interest tn the mines here. III. *
general mnnnger. Thomas B. Young , how
ever , has done more than any other man
to bring nhout a better condition of tn
miners. He has worked night nml day la
conferences and committees , pleaded with
operators , walked over the entire district ,
spent his own money , and has been a veri
table slave trying to do some good , neglect
ing his own business , and now his employer
Is rewarded with abuse and lies after hav
ing lost'thousands of dollars in beeklug to
maintain the mining price.
I have written the miners In Ohio that
such proceedings are disgraceful. I lmvo
advised them to defeat Mr. Uanna 011 a
straight silver Issue If possible , hut If they
want a friend to miners every miner iu th <
United States should be for hint. The work
done by Mr. Young and the Pan Handle
Conl Company. In which Mr. Hanna Is a
stockholder , and Daniel Uanna. his son. Is
manager , does hot date from the time Mr.
Hanna entered actively Into politics. Long
before he was thought of Iu this connection
ho took the stand to pay the highest wazei *
In rTic district. It Mr. Hanna has done this
foe political effect ft has cost him s ' everal |
fortunes. I d onot l _ Uv < s this , however. 4
To-dnv ho Is paying the highest price pi'd ' |
In the Pittsburg district , no has a contract I
with his men whereby he cannot reduce the |
price even If he desires It , while all his I
competitors are paying Iheir men fl cent.s 1
less per ton. Not only that , he is fairer In I
his dealings with his workmen than nlue- i
tenths of the operators , and this is one of x |
the greatest boons to suffering miners , who ' , , '
Invariably are robbed of most of their eara- j
Ings. \
AVhlle I cannot conscientiously support , j
Mr. Hanna in his political views , yet nothing - >
ing would give 111c greater pleasure than to %
disabuse the minds of the people of Ohl < 1
that Senator Mark Hanna Is tyrannical. 1
mean , or pays his workmen less than his
competitors. H there were a greater num
ber of Mark Ilann. there would be less des- ( |
titutlon and complaint among the coal
miners. J
Mr. Bryan's ! _ . * > -Ceiit Dollar.
Mr. Bryan's .speech , as reported in a
Democratic paper , fills about half a coi- j
limn. It is a calamity wail. "People who I
were afraid of a J > 0c dollar six month. * j
ago , " lie said , "would lie glad to get a _ . " > c I
dollar now. " The speaker might have I
added that his Populist supporters would I
lie best pleased with a no-cent dollar , and ( I
he voted for that himself when he gave I
his ballot in ISOto Weaver as a presi- I
dentin ! candidate. Mr. Bryan read a I
newspaper clipping arguing that the depreciation - I
preciation of farm lands in England is due I
to the gold standard and the plotting of I
money changers. But lie made no reference - I
ence to the comfortable financial condition - I
tion of England generally and its treasury I
surplus , nor to the fact that many British I
farmers contend that free trade is the
source of their troubles. The Nebras- I
kail's assertion that this country is desperately - I
perately sick seemed particularly grateful H
to his audi n _ e. _ / _ _ , he remedy , in his Ian- I
wa7no .rioverth 'c
me „ . .ri-
he is in the opinion of tnv orator. N fl
The statement that the American people ' V.
would now be glad to get a 2. 5c dollar fl
shows the glibness of Mr. Bryan's tongue H
and the light caliber of his mind. Having fl
started out to cut the dollar in two. he is fl
ready to bisect it again , and would doubtless - H
less drop the remainder without the H
slightest ceremony. It is this fantastic fl
readiness to jump into any wildly radical fl
experiment that makes Mr. Bryan a fav- Hj
Drite with every revolutionary element HJ
in the country. St. Louis Clobe-Deino- Hj
: rat. HJ
The Populist Revolt. H
The NahviIIe Populist convention HJ
ieems to have performed the work laid HJ
tut for it with neatness and dispatch. HJ
_ alled together by Mr. Thomas K. Wat- HJ
> on and other irreconcilables of the same HJ
ype. it reflected from first to last the H
spirit ef ultra-Populism. The motto of H
he con rent ion was "no entangling alii- HJ
inces. " The 70 delegates who attended it HJ
tut themselves on record in the most M
tositivc manner against ail future deals. | H
: ompromifcs or agreements of fusion M
vith either of the old parties. These men M
md the considerable number of Southern M
md Western voters they represent pro- M
ese to keep strictly in the middle of the H
? opulist highway hereafter. Believing in M
he sufficiency of Populistic doctrines for H
he cure of all the evils of the body poli- H
ic. they will follow no leaders and adopt H
lo platforms save their own. fl
The stand they have taken is most dis- H
ressing to Mr. Bryan and Mr. Jones of H
Arkansas. The convention's assertion j H
hat "we do not believe that the question HJ
f free silver is itself a broad enough HJ
ilatform for a national party. " is espe- HJ
.ally calculated to harrow the feelings HH
f the late Popocratic candidate. For fl
rithout the issue of free coinage , Bryan H
; m must inevitably collapse. H
Other Evidences of Improvement. H
The New York Daily Bond Buyer has HH
n article going to show an improvement HJ
1 the business situation. It takes as its H
ext the quotations of municipal bond- , H
. • hich are not so subject to the specula- H
ive irregularities as many other securi- J
ies. The paper states that within three M
eeks fallowing the defeat of free silver H
t the polls last November 5KJ,703.714 of H
ranicioal tccurities were sold , which had H
een held up awaiting that result. The M
jstoration of confidence has proceeded M
ince that tune with gratifying effect on M
lese investments. Since Jan. 1 of the H
resent jcar municipals of the value of M
3-l.SG0.o7o have been sold , an average M
( S14,1 4.S1 . " per month , as against a M
ttal of So-.7ir.77 and a monthly aver- M
ce of $ i\7P _ , _ _ _ for the same period of M
- - - - ! " ' . . J _ _ _ i