The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-10-06

and collections between distant points,
the facilitating of trade, making through
the joint efficiency of bank and telegraph
the business marts of the whole round
world, the place of meeting of x.le Men
OF commerce of every city and comr>uni-
ty, no matter how distant Within tile
narrow limits of my own years, I nave
seen the rate of interest in Illinois. and
the same history follows the better bank
ing facilities in every state of the Union
dall from II to 10 per cent from 10 to
3, from to and from in this city
TO 4 and less. The small borrower buys
his borrowed money for 6 per cent in
stead of s, the farmer his mortgage mon
ey at ., and all because this lnoneyed
octopus which Mr.. Bryan and his pof.li-
cal adherents .decry, has Increased in
strength and spread its operations eyery-
where. What has labor lost by tais?
surely nothing, for in the cheaperang Of
the rate of money and credit the. use
or which the banker sells to the man Of
cnslness, his employer has been enabled
70 take On wider scope of operation and
increase the number Of those whom he
employs.
| do not detract from the pre-eminent
qantles OF banks in other systems, when
say mat IN all this beneficial advance
Tor good to the people, the national bank
mas mad the commanding position 1t has
c no parasite, drawing its sustenance
from the people without giving in return
L mas through the uniformity of its orr
SANITATION, methods and control made
elSoltS 1nterchangea everywhere
ohnroughout the Union. 1t has been the
cheapenfng force in lowering interest
rates by educa ting the people to a gen
erai use OF banks and thereby making
capltaI available. 1t has paid millions
upon millions of taxes to the government
In excess of any disbursements on its he
haH And it has given to the people a
currency absolutely safe and everywhere
current; 1t does not today issue curren-
cy as the principle Of it's creation, but as
an incident to 1t. Mr. Bryan, if the truth
were known, attacks that currency, not
because OF the power to issue it being
lodged in the national banks, but because
he stands as the nominee In the first IN
stance OF a political organiza ton which
Is against a redeemable currency The
parry 10 winch he Is most closely allied
Is the party Of irredeemable greenhaclls
ana kindred fiat issues, and Mr. BRYAN
as their especial champion assaults the
note issue of the national banks in order
possessing no other value than the stamp
OF the federal government In all this
controversy, let us not for a single mo-
m p,. lose sight of the fact that Mr..
Gates of nat money, differing only in
degree as they apply their theories to
silver or paper, but not In principle The
wild vagaries of the Greenback party
were defeated more than twenty years
ago. Are the American people now will
Ing to resurrect them and vitalize an is
sue then held to be productive only of
harm?
BRYANs LEADERSHIP ANALYzED.
The difficulty with Mr. Bryans states
manship is that it is a craftsmanship OF
prejudice, class distinctions and mis- n
formation. 1t a statesmanship which
takes no thought Of the morrow but con-
tents itself with the political advantage
of today. I venture the statement that
in all the range of American poiitical
annals there never has appeared pub
DC man who has i1lumined SO many diff
ferent questions with so much misinfor-
nation. The leadership Of Mr.. Bryan