Lewiston evening teller. [volume] (Lewiston, Idaho) 1903-1911, 1908-11-02

Jennings Bryan was marching up anG
down the country proclaiming that tive
gold standard was conspiracy against
the human race and that. If elected. II
would remain in operation no longer
than he could get rid of 1t. 1t was
shown at that time that the civilized
nations of the world had been forging
ahead with considerable rapidity in the
savings eff the masses. the increase in
wages and the improvement In stand
ards OF living. Nearly all Of them Mt
that time were parties to the conspir-
acy in favor OF the gold standard. and
they have since been joined by Russia.
Japan. Mexico and the United States.
These twelve years have been beyond
question years Of the most tremendous
expansion In the producing power Of
the human race ever witnessed In an
Gent or modern times. The ancient
world was without that great equip
! nfent of improved machinery which
| has increased. by two or three fold
| probably upon the average. the abil
'fty Of the human hand and brain.
| OF this prosperity the United States
iilas had It's full share. The election o.
/ President Mckinley in Novembe.
1896, was the signal that the Ameri Il
! people repudiated Mr.. Erynn's violent
4 and revolutionary attacks upon the
/ monetary system established on the
! resumption Of specie pa~ments in 1870
1t remained. however. for congress to
| enact into law this decision in favor
OF the gold standard. This occurred
by the act of March II. 1000. The r.
suits Of Bryan's defeat ard the enact
ment OF the gold standard law were
to inspire general confidence In the
future OF the country. Business &C
quired great expansion, savings de
posits enormously Increased, export
trade more than doubled, and the sup
ply Of money employed In carrying OF
this vast business was also greatly in
creased. A few figures illustratin:
these facts are more eloquent thar
pages OF argument. The following ia
BILE shows the amount OF deposits II
three classes Of banking institution
for the year 1885, when Bryan's cam
paign against the gold standard wa
on; for 1900, the year when the gol,
standard was enacted, and for the cur
rent fiscal year:
National State Saving
Year. banks. banks. banks
1885,. q, 6es 413.5O7 $66, 6Jssl4 81 9o7 15e q
1900. 2,45s09o,757 1895. $3.50 2449.547 IS
l9oS... 4,37+55l.2Os a;OSs. 6as.SG0 $780, ..
These figures show that the aggre
gate deposits in these three classe
of institutions, without counting trus
: companies and private banks. increa,
ed from about $4.270;OOO,OOO in 1876
: to $G,173,OOO. 600 in 1900, and $11, 1O2
: 100000 in 1908. or an increase In tn
latter year of nearly 200 per cent owe
/ 1896 and not far short edf 100 per Ger
over 1900. The number OF deposition
In savings banks alone, which wa
5.O65, 404 In 1896, Increased to 6, 1O7 ,0s
in 1900 and to g. 7O6. S48 lin 1905. Their
lis thus an average of one .deposite
| for more than one-haff the families {
the United States.
The growth In TIE foreign trade {
Tine country has resulted i'm .the sale {
American products abroad equal
= money value to more than twice til
fAmount sold In 1886. Imports hay
neft increased in quite the same pr
portion as exports. Int they show a
increase Of more than 80 per eel
within the twelve years. The follow
ing figures give In summary form tt
foreign trade movement for the veal
under considerations:
FOREIGN TRADE OF THE UNITE
STATES.
Fiscal year. Imports. Export
1886 ................. G7s7asN 3SS2i606.s
lSoO .-.~.'.......---' e4ssi!,lst !Sss. 20 y
Inevitably such an increase In IL
volume of business has resulted In tt
screatiOn Of additional instruments /,
leredit aal the attraction to the Unife
States BY their economic power of
1mfticient stock Of metallic money I
ezecute this large mass OF transa
lions. Where Bryan and his polici,
had expelled gold until the entire stoc
Of 'rae country was only . little moi
than $500. 100000, there b now near
three times this amount. Even si1v'
has been called into use for snbsidia1
I.coins and other purposes to an e1tel
(which has increased the amount in Ct
eulation by 80 per cent. II money
wealth. ai,en the following table Of II
amount IN circulation for the zeal
under consideration shows that Il
wealth Of fhe country in this respe'
r has practically doubled since the eoul
. try was warned against the conspirac
in favor Of the gold Standard: