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

b<fst or shy government Is Uniledrd or
~ lhe history Of NATIONS.
The ycessa az tse present ssszninistra-
rcn IN rel1tipn TO the frszscss of the
oeEfry compares fav0raHy with any
wfish has preceded il IN the long line
OF Republican administrations, and con-
trasts in a marked degree with the
Democratic administration during the
four years g1ieI to me fassiasnsaion of
4 President Harrison. phe Democratic
charge hat nifs d administration has dis
.siRssaila sseytns wsich taae Cleveland ad-
|sun1e6s.kos crested hs,Sass fxassaY is
'skswH To lie MISE by HE last that bhst
50 salsHa sss1sfzs hrs sees.axpanlled six
Nsacs ever BY Presrent HagSms adj.
|fhinfsacason IN aie retfurtfen of the
bcaAeA debt.
ANs$her sthseot rsiasing ne bi,e finances
of she government sbsus which a good
aen ef talk has fsssa made & rae amount
s@ mSSeS N creAArasc. Ia His CON
neetsan It nsE be SFssFosasng to cons
pass the ssnasHens IN MS esrnay with
easss IA ohssS A aasgfus sdE6g of
he fssAes4 Of tite wss4a shows aiat
ssss3se he ns<aNss who sssy,H iassir
pspaissen VITA eight fssures ga, il,
osAw words, asncng she nstious whose
population is eYo ten millions Of PEG
pie only one has IS large an amount of
money per c3pita of population, as has
She Tinted States The anleunt of
money in circulation ia the United
States ia s2b.es per capita, of which
slo.T is sola, $50 silver and s6.5i pa
per. Efee hSas Great Britain, after
wlfish she DEMOCRATS are anxious to
pattern, has but $3.50 per oas.ita; Ger
many has even lsss SIS. 40 per cspita--
Ausmfa-Hungary has stsll loss 80. 50
per CAPITA. The per capita amount OF
money in circulation in fae United
States fs double the average per essIita
Ia ffe arsas nations Of the world.
One other subject may be of interest
in discussing hfs question Of sssionai
6ns1ee. That is the subject ef national
Bank currency as compared with state
bank cnrrercy, which the Democratic
party proposes By ifs platform TO re-as-
sztjiish. 4 comparison OF thu Losses By
depositors, noteholdsra and al orsdstors
Of national banks in shat last thirty years
with depositoys and noselloiders Of phi
vass bsuks is startling. An exegYfastsos
of the lossss through ma tions' banks since
they were established In 1868 shsMs
chat iha annual aYsrass less 10 dcpes-
Etors and other creditors dnring the sfi-
2rs parted has only been s-swertsesh
of psr cent. Of The entire hsbiifty Of all
national banks.
This cofnptroiler OF siss eufrency shsw-
CO in his report Of 1921 shat shs losses
by failures OF private lsrks throughout
ihe country asaeunbsa Ia a single year
1850 to 81, 477, Ale, which exceeds by
over ss,o0a,0tlo the total losses by the
national banks since their establishment
in 1863 This shows the contrast be-
tween the condition Of the national
banks and the private banks of today.
Looking back to the history of private
banks when they were permitted TO issue
currency the contrast Ia stii1 more saik-
ing. Thompson's Bank Note Reporter
for October, 1889, shows the failure Of
ne less shaa l,54s banks between Aug.
"a ssd nov. ] OF 1857.
Anosher authority, The ETliots Fraafng
sysssln. reports fa.st In the year Of
1851, ffffy-fve rtate banks, with GA sg-
grsgase capital Of .ssT. os6, 2ssS, ana ctfr-
palasion Of sa5, ST. s,, failed, .ns fssx
n nearly every instsscs ees Sasire
capital and circriAtio1 were ipss,
Thornpson's Bank Eots Eesa,tg o. Esv.
IA. 1888, reports the nobes ef al banks
III Arisnsas, Florida, Iewye, ard Mis-
s.ssippi of doubtful and OILY nominal
Fslee, and the notes OF all hanks ia
Wisconsin at eBeo~st OF 8 per
cent. those of virgini* from to 90 per
cent, those OF North Carolina 10 per
cent, those Of Ohio and Indiana from 6
to 30 per cent, and those of Illinois from,
9 30 90 per cent,
This IS tbs sort of money 10 which the
Deni6cfatie party wants to return.