The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1899-09-09
AcKINLEY AND CURRENCY.
EaOrmOu, Increase Of Gold. Silver and Pa.
per Money In the Past Three Years.

one Gay, when one OF our Populisl
friends came in. and we got to talking
about the then coming election. Our
friend said that he was going to vote
for Bryan instead of Mckinley because
he believed that it would be the Re-
publican policy to stop the coinage OF
silver and withdraw from circulation
what white metal was then in the
hands OF the people; that they would
then contract the gold and have every
borrower at the mercy OF the lenders.
Our friend had been told this by
Populist campaign literature, and was
honest in believing it ard so earnest in
talking it that we came up to the eifice
and filed away Treasury report for
the first day of August, 1896, which we
had just received.
The other day we received the re-
port for August /, 1899, and as we came
out of the post office saw our friend
driving out Of town. That led us COM
pare the two reports.
We find that the Government did
not stop coming silver dollars. We find
that 1t did not contract the gold ia
circulation. We know and everybody
else knows that the borrower is not at
the mercy Of the lender. We know
that seven and eight per cent. were the
rule then and that money was hard to
get at that. We know that money
can be had at five per cent. now and
that loan agents drive all over this
country hunting borrowers. They go
to the records and find who has loan
coming due, then they go to the far
mer's house and offer him all sorts of
inducements to let them have the loan.
All they want Is good security and q
clear title, and the money comes easy.
But how about the circulation ?
What about silYerP Comparing the
two reports we find that the Govern.
ment has coined oyer 100000 silver
dollars since our friend talked about
It in DOtY's Office in 1896, and has in.
creased the circulation Of them SI2,-
10000; that is all of the increase they
could get the people to use. But they
have sent out 100000 more of silver
certificates, raising the total of this
species OF money in circulation to over
S403OOO,OOO.
Then there is gold. When our friend |
old us in 1896 about contraction, the
Governments coined stock of gold was
lnder $685., 100000 it is now over $685.
10000, an increase of S288, 100000. The
mount In actual circulation then was
lnder 100000; it is now over $780,.
10000, an increase of 1886, 100000,
While increasing the circulation that
normous sum, the amount of gold in
he Treasury has been increased about
at the same time.
Then there are the greenbacks the
eloVed greenbacks. They were an
ndlesS chain to draw poor Mr.. Cleve-
lnd's coin out Of the Treasurey. But
nu don't hear word aboutthe endless
lain business since Mr.. Mckinley and
he Dingley bill got to work. A sen.
Die Tariff law supplies funds enough
that they don't have to worry about ,
lem. Since Mr.. Mckinley got in con.
oil the circulation of greenbacks has s
creased from $685., 100000 to SS1I 600, !
Q, net gain of $74,OOO,OOO. G
But what has been the net result of I
70 action Of the new administration ? I
increased the money circulation of g
Q country from $1,514,9oS, I42 to ST. I
], ll7,2O4 net increase of oyer SAG. 2
1000. =
But 1t takes a per capita to complete n
hnanCial argument. According to Il
Governments estimate there has 4
en- an increase Of nearly 100000 In n
Pulation since our friend was so fear
OF results in Judge Doty's office. It
'uld take an increase OF over 800.
1000 to keep the per capita circula N
n where 1t was then. But the Coy
lment has made up for the natural II
'rease In the population and at the a.
ne time has increased circulation n,
m SELLS per capita to 1851 per ',
,ita. :.
considering that he iS controlled BY y.
money devil and Mark Hanna, don'r he
think Mr.. Mckinley has made q th
ID President, to carry on q war sue. n
'fully and at the same time to so an
lpletely keep his pledge to give the ri
pie plenty Of money with which to in
business? -.
any Of our readers doubt this we ed
show them the Government re.
Is. If they doubt them, 60 to Joan On,
Mt and see how easy it is to get or,
ley,-Osage county (Kan.) Chroni- a.
sal
Trusts Cannot Control Prices. ma
is apparent, then, that, speaking Lii
IDLY of the whole field Of produc.