People's Pilot, Volume 6, Number 23, Rensselaer, Jasper County, 26 November 1896 — Confidence Comes High? [ARTICLE]

Confidence Comes High?

A certain grain merchant was led to honestly believe that in case of McKinley’s election every thing would boom, prosperity would be “just coming in hacks” and he would have to run, to keep up with advancing prices, when 4 ‘confidence was again restored.” So he reasoned within himself, 4 ‘Corn is cheap, too cheap for prosperous times. He invested in corn at 20c per bushel. Now he is kicking him self to the tune cf three hundred dollars loss; caused by the decline of six cents per bushel on his corn. It is slowly dawning on his constipated mind that may be he did not fully comprehend the prosperity for the bond holder was not the kind of prosperity he was after. The bond holder’s prosperity means dearer dollars, and dearer dollars means cheaper corn. Don’t forget this next’time. >