The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1907-02-07
SOME BRAIN LEAKS
A Few Ideas PefMIate thIMgh the Brain
Of the Editor while In q S9mnamhu-
Iistk State.

! 1t IL true that the prosperity
wagon has been working overtime
for the past few years, and there are
ew communities which have not had
a goodly share. No doubt there are
many who firmly believe that 1t Is all
due to the party In power. Those
wbo:give the republican policics this
much thought. according to our way
of thinking. 1t will be remembered
that In 1896 the campaign was made
largely upon the quantitive theory OF
money. 1t will also be remembered
that the chief argument G: the repub-
lican orators end papers In that cam
paign was, "We do not need more
money to DO the business OF the
country, but what we do need is con-
fidence. We have all the money we
need. On the other hand the DEM
Ocratic party made the averment that
we needed more money, and suggest
ed bimetallism as the panecea for the
existing evils. The democratic party
was In favor OF bin.etallism for two.
fold purpose. First, TO increase the
per capita circulation and also to Gre
ate demand for one Of the principal
products Of the country.
In face of the statement that the
republican campaign orators claimed
that we had plenty of money to
transact the business Of the country,
the treasury reports for that year
showed that the percapita circulation
was $22. This was the treasurer's re-
port, but when we come to consider
that much of the money OF the coun'
try Is destroyed one way and another
lost, burned, and worn Quilt Is
safe to say that even this amount
could have been cut down at least
one-third. The quantitive theory OF
money is today tabooed afgumen,
among the republican spellbinders
and IL Is seldom the case that a re
publican paper is responsible for thu
statement that the tresaurer's report
that the per ctapita circulation il
: today given at over 1913. This shouit
be conclusive evidence to the mos
obtuse mind that there is something
> TO the quantitve theory. 1t looks t
us as logical conclusion that If ther
we're only 81 In circulation in tn
!, United States, divided into cent
that the price of wheat would be les
than enc cent bushel. Possibly thi
may be crude illustration, but |
occurs to us that the same rule coul
: apply to the present per capita circu
lation or apply to what 1t was in 1896
~
q 1t Is a trite saying, History re
: peats ITSELF. At the beginning Q
: the present century England foun
8 herself, owing to general Europea
1 war, In financial straits. She appeal
!. ed to the Rothchilds for loan. TT
!. reply to her appeal by the head c
8 this great banking institution was
1--WE will loan you this money Will
i you still have bimetallism, but at
Y certain period of time thereafter 20
b must retire your silver and go to tn
O single standard or monometallism
= This Is the reason why England
J. today upon gold standard. tn
q general reader Is well aware Of til
J. fact that the bond holders OF TIL
n country made the same demands, an
II found great political party whic
" was willing to further their Interest
!. In exchange for their influence. "
II all know what the result was.
b, Is said that the books OF Nations
D. Chairman Hanna shows that the CO
T. porations--t those whom a gold stan'
D, ard would beneit-contributed eigh
" cen and one-halr millions OF dolla
to carry the election for McKinl'
s. aud sound (p) money.
lie -.
We are not making an argument
10 favor of free silver, but wish to she
few facts concerning the "Prospe
ity wagon. AT the present time Il
:, silver question Is no longer an issu
=, but when the time comes that q
:" production Of gold decreases to al
- extent, then the same battle W
~ have to be fought over. In 1856, du
A. A. ing the large supply of gold from Ca
ifornia, Germany became very mu'
alarmed and was seriously conside
= Ing the matter of demonetizing 60
and going TO the silver standar
~ This illustrates the fact that {
bondholder or the capitalist aiwa
:. wants a standard of money which h
" the greatest purchasing power, VIII
IL is TO the interest Of the masses
i. have a financial system which W
"a bring them the greatest quantity
~ money for the results Of his toll.
:" carry theareumert farther, the cal
- talist has money to sell and wishes
:. get the largest possible results OF
" money. The commodity OF labor
~ longs to the laborer, and naturally
80 wants u financial system which "
" hiring him the LARGEST amount of wi