The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1900-01-30
COINS NEW nooe.


II Is on Money. Trust. and Imperialism
w. j. Abbott chief OF the literary
bureau Of the Democratic national
committee, writes the following about
Coins new book, entitled Coin on
Money, Trusts and Imper' alism !"
About four years ago little book
issued modestly, without any herald
ing or any Of the puffery through the
literary press which is enjoyed by
writers of romantic fiction or doubtful
verse. so seized upon the minds of the
American people that IL became per
haps the most widely known book of
the decade and unquesCionably the
one which more than all others inhu-
enced men IN their political action.
COINS Financial Sch Jol was the
outgrowth of a series Of articles writ
ten by Mr.. w. IL. Harvey for his little
paper, Coin, and was pushed by the
Chicago Inter Ocean at the time when
that paper had not discovered that in
order 10 be Republican 1t must neces-
sarily be the servitor of the bankers
IL Is hardly necessary now to recount
the tremendous success of the booS, or
TO estimate the share 1t bad in awak-
ening the people OF the United States
to Just comprehension of the impor-
tance OF the money question in poll
tics,
After fonr years, during which pc
riod he has at all times been la boring
with voice and pen and organizing
ability TO fulfill the mission of '06,
Mr.. Harvey comes before the people
on the eve OF the new presi-
dental campaign with new
book-in the familiar style of his
former one, but treating of the later
though not more important issues that
have sprung up since the time that
MIR. Bryan was defrauded OF his cleo
tion. "Coin on Money, Trusts and
Imperialism" treats of at least one is
sae-imper alis which had not lift
ed its threatening head In '96. Cur
ing that struggle too, though already
offering a certain menace to the we'll
being of the people, trusts had not de-
veloped into such startling proportion
as they now present. To these issues
Coin, in his new series of lectures, de-
votes much of his attention-but the
old issue--the issue that will arise pc,
rennially until out OF the hands OF
favored class shall be taken the price,
less privilege of Issuing and control
ling the money OF the people-engage
his atteut on in the opening chapters
OF the book. ! do not think Harvey
has ever done anything so well as his
dissection OF the privileges enjoyed
and the further ones demanded by the
national bankers In a clear and sim
pie style, using as heretofore the dIa~
logueform, he discusses the demand
Of the banking class that u shall be
permitted to control the money OF the
people and shows conclusively by fig
ures, the authenticity Of which cannot
be disputed, how enormous are the
profits they now derive aud hope 20
continue 10 draw from their monopo-
ly. The profit OF the dealer in money
is "uuearned increment" no less cer-
tainly than Is the profit Of the specu-
lator ia land who has contributed
nothing 20 the productive forces OF
the country. Mr. Harvey demonstrates
this though be does not use this par
ticular comparison, aud / believe his
logic will prove as irrefutable as his
language is simple and q rect.
To the questions OF trusts and i'm.
perialism, questions which cannot fail
10 be bitterly debated during the cam-
paign, the author has brought a
wealth of statistical material, re-en.
forced by clear and logical compre-
hension OF the problems they involve,
aud think the strength and value OF
his discussion OF these problems Is
largely derived from the facs that he
approaches them MT altogether from
the standpoint OF the cold and insen-
safe political economist, but rather
from that of thu man who puts into
his political beliefs and into his writ
inRs that touch the heart, OF human
sympathy, which made Herbert Spen-
Ger and Henry George. DO not be-
lieve that any great book on eeouom-
les or any living or vital question can
be written from the dry -aa-dust point
Of view. Adam smith aud Mill and J..