Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1892-11-09
ABOUT OUR MONEY.
OUR CURRENCY, our NATIONAL
DEBT, oUs NATIONAL FINANCES.
What the nenublicaa Administrations
Havs Done iiao What the Democrats
Want To- DO a Fcv Words About wild
cat Money.
s., III Corrn.n ondence.l

cat Money.
lSle' i;.l Corrrspondcnccl
NEW York. Oct. ii One subject that
may lie OF interest 10 the voter in discus.
sing the issues of the campaign is that If
national balk currency as compared
wien state bank currency, which the
Democratic larty proposes 10y its plat
form 10 re-cstablish. A comparison of
the losses by depoSitors, noteholders.
and all creditors of national banks i'm
the last thirty years with depositors and
noteholders of private banks is startling.
An cNauing ton os the losses tlro,.gh
national banks since they We're estab-
hshed IN 1868 shows that the annual
average loss 70 depositors aud other
creditors during the entire period las
only been one-twentieth Of / Per cent.
of The entire liabilities of the national
banks.
THE comptroller of the currency
showed n his report ~ 1891 that the
losses 10y failures Of private banks
throu shout the country amounted in a
single year-iS90--to $l1.tsG8ig. which
exceeds by Tar tire total losses by the
naaonai Us,nl,s since their establishment
pa 1868. This shows the contrast be-
tween the condition of the national
hanks ard tie private banks of today.
Loo.Sing back 20 the history or private
banks when they were peraitied toissue
currency. tEe contrast iss,.ii more striS-
ing. Ihoaarsou's Bank L,o,e Reporter
FOR October. lt59. shows tle failure OF
40 less than ,5l5 banks between Aug. 81
anc Nov. of 1891. Another authority.
Inc Elliott Funding System, reports chat
ilf the yeer of 1871 tifty-iiyestate hanks.
wi,h n aggregate capitslof S67, OcG ,2G5,
HlId circulation of sGS,5i1.IJ2. fiied.
anc that Ia nearly every instance the en-
tire capital and circulation were lost.
Thompson's Bank No.e Reporter of
Ncr. u, 1868, reports the notes of all
banks ii Arkansas, Florida. iowa and
-.8ississ 'qi Of doubtful and only nonli-
maj value. uud the notes Of all banks in
Wisconsin az n discount of per cent,
those Of Virginia from 20 - per cent.
the Sc of Gor.l Carolina y Der cent,
those Of Ohio and indiauu frou TO 80
Ee- cont. and those OF Illinois from > To
- per cent. This is the SOFT of money
80 which the Democratic party wants to
return.
Word comes from Washington that
the publi,, debit statement which is to
b. issucl ., few days hence will show n
continue "a Of the reduction of the
puhlc jD5t The complaints made
u -.l>t tie Republican party by the
Democrats regarding lis expenditures of
puzzle iinds NAY be recognized as an
unjust one by 6yery man who stops to
CO.'S der what the Republican party in
is " lnilis,tdti0n of the government
has done. Since 1865, when II set itself
seriously about the task Of paying of
the public debt. which war wa-ed bv
the Democratic party had piled up, it
has reduced the indebtedness from SIS
pcr capitu "a Gl3 per capita, and re-
oUced the public debt from -. 7J6 600 900
to 500, U)0.jO0, in round numbers. Such
g record for any party or any govern
~ at l. uuheald OF in the history of
n.-tiols.
The record of the present administra-
tior In relation 10 the finances of the
country compares favorably with any
which mas preceded it in tne long line of
Republican administrations, and con-
tas,s ia marked degree with the Dem
ocr&1c administration during the four
yelr pIior 10 The Inauguration of Presi-
lear IarIisJ IN. The Democratic charge
sl"t THIS ADMINISTRATION has dissipated n
rThIs wrlch the Cleveland administers
-'oa created in the treasury is shown to
no false 5y tse fact that the so called
srrpius Lars aecn expended Gi., times over
10y President harison's administration
IN he reduction of the bonded debt.
Arother Ject relating 10 the finances
at t9e government about which good
ucd +. t..iK has been made Is the amount
u money ~ rcUluupA IA this connec-
t.on e nay be interestin" to compare the
touol ul.. ~ tuis country with those in
ccpr-. a care. ~ study of the finances
az tae wcril shows SHAT AMONG the ma
1"ls VINO count their population with
t-r-s., er, IN o;her words. among
of ffr0e population j. over TO-
p.la'u people only one has as large
alt'i money per capita Of the
Inpu.ar IS bus the United States.
u9'1t IF money in circulation
m tAo Da'et States is S-j.G3 per capita.
ql wlicn si0.fi Is gold ssi.5j silver and
$50 pgEr. Tlea trade Great Britain.
ri. winch the Democrats are anxious
- l-te-1 ha but $3.50 pr capita.
r-.auy la even less ,ffG. 90 Ter capita.
--fo-l 'u8 a-t has, SELL less, z0.52 per
cap',a l percap.ta amount money
in circulation iu the United States is
1aeyie --r a' rage Der capita amountln
t naf ous Ot tte world having "A
B Jguat I'D vi lU,OJO.og0 OF more.