The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1892-11-03
WILD CAT BANKS.

Among the most dangerous pr0posl-
tions Of the democratic politicians is
one to destroy the present national
bank system, which has proved so sat
isfxctory and safe, giving to the people
. currency Of unsurpassed value and
convenience: No man has ever lost u
dollar OF currency on account of the
failure Of 4, national bank, and the
government itself must fail before the
bill holder of anational bank can be q
-losae. The loss by c0nnterfeits has
.heea. very light. There hos been no loss
In tl,s way Of discounts rs its bills are
ut par all over the country. Under the
state bank system losses to al unendu
sable extemt were suffered by the poo
G1,ls. Broken banks left the holders of
y4hsjr bills without remedy or redress.
The moment the solvency of q state
hank WAS questioned its notes were
At = discount. Scoundrels III the iii.
yectories of such banks made money by
buying In their own bills at discount.
Counterfeiting was about AS profitable
business as banking, and the losses
TO tho inexperienced and unsuspecting
from counterfeits, spurious and illegal
currency WAS a heavy burden indeed.
For 80 years, through the wise legisla"
tion Of the Republican party, the
country has had u satisfactory paper
currency. The voter who desires safe
aand convenient currency petpetuated
will vote for the Republican party.
- - The measure by which state banks
Nre to be revived is by taking off the
tax now imposed on state bank issues
by the federal government, forcing
che state banks out Of business. 1t is
wise 10 he on guard against this at
tempt to revive vicious circulating
medium, which was once fully tested
aud universally condemned.
Hon. WhitelAw Reid has won fine
reputation rs an orator during this
campaign. In recent speech he
uttered the following pertinent truths,
which deserve careful consideration.
Nj. Reed received IN ovation on being
introduced aud said in part: 1.-THE
Democratic party is not known by its
works to this generation. 1t never
had president and q congress to-
aether. Tue political situation il
such that ifyou defeat the choice Of
the Republican convention, for the
8rst time since the administration of
Buchanan the Democratic party will
20 able - work its will. The greatest
questioas Of the day. are reciprocity
and honest money. The Republican
party declares for protective tariff.
What does Cleveland say about recip.
sToeity? I, dnd nothing. Can you
,pr0duce one word from Cleveland's g
letter Of acceptance explaining whether
he is in favor of national bank cur
rency-the brst currency the country
ever SAVIOR whether he is in favor of
the sham and corrupt currency which
tho Democratic platform declares in
favor Of"
In conclusion Mr.. Reid challenged
tho verdict of the American people
upon the character and success Of the
administration Of Benjamin Harrison.
"How about the force hill?': yelled a
Democrat in the extreme rear.
ITO begin WITH" said Reed, "tbere
IL no force bill. There WAS proposed
abill directing that federal authorities
regulate elections At which federal
Ufflcers were to be elected. Why
should not federal authorities super
wise and assure the accuracy and
justice of federal officials? II 1t is
wrong, Mr.. Cleveland, for his act OF
1883 directing its execution. must first
bo arranged before We, the Republican
party, Can be assailed. Its opponents
ara the nulli8ers of the fourteenth and
i. hftoenth amendments to the consti-G.
4ion.'