The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1892-10-27

pars or any government Is vnilesaa or
"a Lsfe history ef a$sttoils.
The reessa of tAe present sss1s,nistra-
ricn III rel;xtjon TO the irrssces of the
csHsry compares favaraHy with any
wEish has preceded il in the long line
OF Republican, ADMINISTRATIONS, and con-
tfasts in a marked degree with the
Democratic administrator during the
four years ExieI to <fe fnsaa4ymaiun Of
PRESIDENT Harrison. phe Democratic
charge that Fits administration has dis
sips$stka exsgb,s wSich. tse &sesex1asA ad-
|sunae6stioa crgssed Hs<hs tsessaW is
Eskswn 70 lie Rkse Sy he tast that tkist
SO ssissa sz,yfas hss. sees.expau1'od six
WaAcs ever BY Presraent HaxKons adj.
||hfinis4caaoN In aie retfuctfen of the
,bcaAsA debt.
ANs$heF sebaeot rsissing no biie finances
Of the s<werrrfheat sbs,s wlish q good
sed es talk has tsssu f1ase Is rae amount
OF mSSeS 10 oreaAraec. Ia aiis sen-
nesssan It mig be sFasFcsssl,g to eons-
pass taie svnffhens ii Mis- esenfa,y witt,
eass Ia 0Asw A aaxs$u9 snzSs of
he. fasNesa Of ti.e ward shsws Hat
I asssl,g nc. aS<aNsS who ssv.A iassir
psrai.sen ~fA eight fsures "a, il,
Dsner wo~as, assoGag tsIe nGtiozls whose
population is eva ten millions Of pee
pla--onIy one has IS large an amount of
money per capita OF population as has
she United States. The aoleunt Of
money in circulation Ia The United
States ia S2b.ee per capita, of which
sio.f is sela, $ess silver and s6.0 pa
per FREQ tssds Great Britain, after
wlfish she DEMOCRATS are anxious to
pAttern, has but $3.50 per oasgita; Ger.
many has even lsss SIS 40 per cm9ita--
Aussfa-Hungary has stsl lsss-S9. 50
psr ca,,ita. The per capita amount OF
money in circulation in iae United
States Is donble the average per cssIita
Ia fhe araat Nations Of the wofid.
One ether snlssct may be Of interest
in discussing His 9nssaoa Of setfonai
fins1se. That is the subject of national
bank onrrercy, which the Democratic
party proposes b. its platform, 10 res.
sshli.h. = comparison of tbs leases bg
depceitols, nosesoids1s ana ~ o. s5sturs
81 nssionsI hanks in 5ilat last thirty yssrs
with deposition ard notelioiders - nj.
vass bsuks il sseitiing An exeeff,.tses
Of The lossss through ~ tinns' banks siras
bhay were established IN 1855 -hsNs
shat ihs alnpsl Average loss K, dcpos-
Itors and other creditors during the sa-
SIs parted has only been one tYert<ec.
of psc cent cf The entire lisloifty OF al
paaGnai banks.
IRIS so:nprroiley 81 ire cn:resscy stsw-
cs IN his report Of sai shst sns losses
by 9sil'tres OK private l,scks si7rcusboe.
ihs country a.aoohGaA &, "a Single year
1866 s1f,4T7,4iG which exceeds by
over Sc Gee, 0)G the total losses By tho
national banks since their ests b,ishinenB
in 1865. This shows the contrast be
tween the condition Of the nataNal
banks and the private banks Of today.
Looking back to the history of private
banks when they were permitted to issue
currency tbs contrsst IL sti}1 rars saik-
ing. Thompson's Bank fete Resutsr
for OetolIet, 1888, s.leyYs the failure Of
ue issS shan 1,54f banks between Aus.
"a ssc Nov. Of 1857.
Anoshar sut'ority, TIE Elliott ruaa1ns
Sysssin, reports n.st in the yeer 2
1851, frftY-hye T5ate han}s, WITH go s.y-
f1e.&se capital Ct .EssT .os6. aeS, Ana & c.r-
saistion cf sas,S-I,Tts, failed, .nt iaa
N aesrly every instsscs sss ostire
capital and circr;At3o1 wsrs ipss
Tholnr~On's Bank Nets .Ss,Hrq, a. Me-
H. 1853, reports the noaes ef al banks
II Arllsnsas, Florida, Iewzl, ard MIS-
stssfppi Of doubtful enc sasy nominal
Palao. ard the notes e. all sanks ia
Wisconsin at 6Yco<.st Of 8 per
cent. those of v1rsiei% from to 20 per
cent, those of Noffh Carolina 12 per
'cent, those Of Ohio and Indiana from 6
to 80 per cent, and those of Illinois from
9 TO 80 per cent,
This IS tbs sort of money to which the
Deni6cfatie party wants to return.