Rensselaer Semi-Weekly Republican, Volume 38, Number 94, Rensselaer, Jasper County, 24 August 1906 — Panorama of Finance and the Markets. [ARTICLE]

Panorama of Finance and the Markets.

A newspaper interview is UxJthe effect that Crawford Fairbanks,;of -Terre Haute, onp of the leadingdemocrats of Indiana, concedes the State to the republicans this year by 30,000 plurality. He adits; however, that. the dem < nra t s might carry the house of representatives of the state legislature. Perhaps he overestimates the power, of the “brewers' fund' which it is said will be raised this.year to elect a --democratic state legislature.

Wouldn't this disgust any citizen who believes in lair play —and who does not? A few weeks ago democratic paj>ers censured -Gov. Hanky because he “meddled’' and closed Tom Taggart’s’ gambling joint. Later they howl because, as they allege, he didmut stop illegal liquor selling and gambling at Fort Harrison. As a matter of fact he did have a hand in the stopping of that illegal traffic, and these papers found fault without knowing facts. ILit. iac<\ndifigtoderiick'ratic logic, if we may judge from democratic organs, it is the duty of the govern or to]>ermit g:i milling at French Lick but to stop gambling and illegal liquor selling at Fort Harrison. These papers should be consistent. Gov. Hanly the state law in each instance. By - then- unfairness of purpose, these papers have indicted themselves before the reading pub- ■ lie as blindly and unreliably partisan 1 and prejudiced.

Carefully compiled statistics of the Indiana Board of—State Charities show that during the dark democratic days of 1896 82,235 persons appealed for aid and were helped by township trustees. Of these 50,106 were native Americans, and a large percent gave for their reason for "need of aid, the failure to find employment. Of these 1703 had good trades, and ..11,427 were day laborers. The same statistics show only about half the number in 1905 asking for aid—45.333, and only 622 out of the 45,333 —a little over 1 percent —gave lack of employment as the reason f■ r needing aid. Add to this the fact that all laborers are at work at increased wages, all farmers are selling their products at Increased profits, and that savings bank accounts are wonderfully increased and one. has a political I argume:: t in favorof the present J conditions as against democratic policies of a few years ago that cannot be gainsaid.

J. F. Warren, now of Oklahoma City, but at present visiting in this his formerplace of. residence, has for years been engaged in the'business of placing jnoney for capitalists and c wp >rat lons and he kn- >w s exactly xvh.it kind ot investments they are 'king for. - lie also knows :: .-jsc- b'erved right at his pres iit the method's which succeed in building electric railroads to connect town and country districts which are not so largely populated as to bring such roads without any other inducements than the natural certainty of large business. With this knowledge in mind he says he feels absolutely certain that if the people along the line of this new-proposed electric road from I-afayette through Remington and Rensselaer, to Chicago or Hammond, were to make the necessary surveys, get full and correct figures on population and farm products along the route, and secure the right-«»f-a wax . that with this showing he could go among the monied men who are look ing for good investments and secure the capital 'to "build ano equip the road, inside of 30 days’ time. And this is a confirmation of what experienced railroad, men told G „W. Infield, the present most active promoter of the line. Evidently, as Mr. Warren thinks, the thing fur the people along the line to do, and especially thos« of. Rensselaer and Remington and ■ Jasper county generally, is to get) to work and raise enough money to I the sc surveys and reports, 1

’: a 1 secure the right of way and locate the road, and then go after the money to build and equip the road. That Indianapolis, Lafayette and’ Chicago will be connected i\vith an electric road befoTe many vearsisa -certainty, but that it j will pass through Rensselaer- and Remington isbno such certainty. | And it Certainly will not without effort and sacrifice on the part of of the people And the sooner we get to w<H k tiie it will be to swing the road. The vast benefit the road would be to the town and country communities passed thiough ts- admitted by all. The-’ gieat harm it would do. >if built near and not through the towns l is equally indisputable. Let us go to work. . ... . .

As oue would expect of a great metropolitan newspaper having the facilities of The Chicago RecordHerald. that paper always covers the markets and financial and commercial intelligence generally on a scale of exceptional fullness, covering Iwo entire pages of each issue. The quotations on live stock, grain and provisions, stocks and bonds, and in fact every commercial and ti aecia! market in which the pco pie of the Northwest are interested, are thoroughly complete and satisfactory. Special cables tell the story of finance abroad. “The Speculative Gossip.” “Wall Street Talks’’ and “LaSalle Street Notes” aie features of The Record Herald market page that interest speculators from the Pacific to the Atlantic coast. They tell of the undercurrents in the grain and security markets. They relate personal gossip of the pits, in its way as important as the hum drum and routine part of the day’s story of speculation. The Wall street letter of John Chambers summarizes the daily history of Gotham's money market in a most entertainingand instructive fashion. Examine the market page of any issue and see for yourself.