The Coeur d'Alene press. (Coeur d'Alene, Idaho) 1892-1907, 1896-12-19
That 10 Our Fix.

EDTToR PRESS:
I'VE have more money in this country
than ever before" These were the words
OF an eastern lawyer. dyed in-the-w wool,
free trade, gold bug democrat, who voted
for Mckinley for financial reasons! We
were having q political discussion, and l
was surprised 10 hear him reiterats that
oft repeated fallacy Of the plutocrats and
1 their deluded followers. wish earnestly
to prevent my old party friends from
making such q ridiculous mistake, and
30 will quote some Of their own authority
in refutation OF the absurd idea. A com
mission Was created under joint resOlu-
ton Of congress, August Is, 1876. II
consisted OF three members Of the SEN
ate, three Of the he use Of representatives
and one expect. All were able men and
all were democrats or republicans. Bry-
an had not been heard from then. l
quote from their Official report: "secu-
rites have already become 90 impaired
through falling prices that loanable cap
ital has fed afirighted from newer and
more sparsely settled sections Of the
country and accumulated in large
amounts in the great financial centers
where securities are more ample. The
personal and property securities Of in
diyiduals have generally ceased to be
available except at the highest rate oi
interest" That Is our FIX here. Money
cAn be borrowed readily only on such
securities as bonds which are based on
the unlimited tax-levying power Of gov
eminent, or on bonds and stocks Of first
class trunk lines Of railroad corporations
The composition among capitalists tc
loan money ON these more ample securi'
ties has become very keen, and such se
curities command money at unprece
dentedly low rates.
Our gold bug lawyer insisted that mon
ey was more abundant than ever befor'
in this country because the rate Of in
terest in the east WIS 50 low on gil
edged securities. This, lac thought
. proved his assertion. Now. let us sc,
} what HE political friends say on the sub
jet:
, These low and lowering rates Of in
tsrest. instead Of de noting 6nancia
strength and prosperity, are a gauge o
increasing prostitution.
Large Accommodations Of money il
financial centers, instead Of being causes
5 by the overflow OF healthful circulation
, or even q proof Of sufficient circulation
: are unmistakable evidence Off congeste
condition, caused by 9 decreasing an
insufficient circulation. The READINGS
with Which government bonds, bearin
, q very low rate Of interest, are taken. in
. stead OF showing that the credit Of tn
government has improved, is a Inelan
cholv evidence OF the prostrsted conli
ton TO which industry and trade hAv,
been reduced"
: Tie TACT that our lawyer from the cas-
voted for Mckinley goes to prove tina
: there is but one gold bug party and Cir
yer and Sherman are its prophets. Boil
have become immensely wealthy on lin
: tied salaries-it is generally believed b
: betrayiuG the people who placed ther
in Office, TO the monied interest, as JudA
$ BETRAYED his master, aud for the sam
e reason. wonder how our gold standar
n republicans felt when their speaker
d praised Grover, as they did here aud els,
d where. When he was FIRST nominate
e he was denounced as the worst old COT
y perhead. disloyal to the government, d.
= baucl.ed and dishonest, and now, presi
!. changel wonderful change! He Is
4 great statesman, and some Of his tgol
bus) recommendations are excellent a
z cording to the gold standard republica
l. speakers, Well, boys, how do YOU lib
/. swallowing Grover, record, stomach al
n all7 L. CRocHErr.