The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1908-08-08
The Feeble Minded Victims of Repub-
lican Financial SOrcery

this question is not properly part of the campaign
of 1908, the eastern financiers who against Mr..
Bryan are attempting to bring up matter which
many people have forgotten and to make it a basis
for attack upon Mr. Bryan.
Taking up the argument on the silver dollar the
republicans ought not to object to the quotation OF
few republican figures, which go to show that, so
far as the Bryan dollar has been injected into our
monetary system, it has not only been an element
of strength, in calling halt on the excessive de-
mand for gold made by our republican bond-based
and taxbased paper issues, but it has also realized
a net profit to the national treasury of about
$135, OOO 600. A large portion of the seigniorage
from silver purchases was minted into subsidiary
coins at the ratio of 14.95 to l. thus adding about
$70OO 900 to the $128, ,OOO 900 profit shown in the
figures below.
Speaking for the New York democracy, Col.
George Harvey, editor of Harpers Weekly and
The North American Review is credited with say
ing: The democrats will now resume their ac-
customed occupation of eecting republican presi-
dent" While the colonel gave no reason for the
New York democracy bolting the ticket, we pre-
sumo it is for the same reason assigned by Con-
gresham Eugene W. Leake, of the ninth congress
sional district of New Jersey, for boiling the Bryan
ticket, which is as follows: Since the War of the
Rebellion no greater peril has confronted the coun-
try than the danger of the Bryan dollar"
Now let US examine into the comparative merits
of the Bryan material dollar over the 'repub-
lican Wall street sentimental dollar" Here is the
process by which we acquired our 81, 900, 900 of
Bryan material dollars:
Silver purchases under the Bland-Allison act
291 OOO, 900 ounces coinage value, ratio l6 to l
ACKNOWLEDGEMENTS. $375, 39O, ,OOO
Cost of silver purchased under said act 308 279 260
Net profit on silver purchased, ratio of
10 to ............... S6(, ,llO,14O
Silver purchased under Sherman act of July IA,
1890
1853, ,674 682 fine ounces, coinage value at ratio
of 16 to $217, 500, 339
Treasury notes issued for cost of silver 156 1856 852
Net profit on purchase of silver under
Sherman law ....................... $61, ,453, 1872
Net profit on purchase Of silver under
Band-Allison act ............. 67, ITO, ,74O
Profit on purchases under Bland-Alli-
son and Sherman acts .............. $128, ,564 222
Subsidiary silver coined from July l,
$685. to June &c. 1907, at the ratio
of 1886 to l, mint report, 1907,
page ~ 9l4Z, ,9oZ, Z,96S
Coinage from seigniorage or profit on
silver purchases from July l. 1878,'
to June 30, 1907 .................. $136, 599 485
Gold redemption of treasury notes
issued for the purchase of silver
under the act OF July IA, 1890,
from January l, 1892 to Septem-
ber 80, 1907 SIG, 1893, 289
Gold redemption of United States
notes from January l, 1892, to Sep
tember 80, 1907 $685., 942, 542
In other Words under our republican ideal fnan-
cial SYSTEM the people of this country have been
taxed at the rate of $780, 900 annually for the
last IA years to get gold with which to redeem
$346 0OO 600 of United States notes. and on July l,
19O8 there was still outstanding of that particular
kind of republican sentimental money, $340. 189 1888
to be again redeemed with gold Also, on the
same date, there was outstanding another brand of
republican fictitious dollars in the form Of national
bank notes, the payment of which is guaranteed by
the national treasury, amounting to $685. 431 $50.
All of this vast amount, 1912, 621, 1868 of phantom
dollars, is sight demand for gold, if we are on
the single gold standard as our republican friends
claim. Now, inasmuch as we have shown by re-
publican figures contained in the official reports of
republican public officials, that it cost the people of
this country $780, 000 900 annually to float and have
the of $346 000 900 of United States notes. it is
also fitting and proper that show, approximately,
the cost to the people of the $685. 000 600 of national
bank bond-based currency, said to be as good as
gold. And in doing so, we will present the very
best of republican authority in support of our
tention that the people of this country are taxed,
directly and indirectly, more than $2OO,0000OO
annually, to support the luxury of maintaining in
circulation, at gold par about 1,OO0 OOO 900 arti-
fetal paper dollars, republican ideal money.
The Hon. Charles N. Fowler of New Jersey,
chairman of the house committee on banking and
currency, in an address delivered before the
Illinois Manufacturers Association at Chicago
December TO- 1907, gave our republican bond based
currency system the following glowing tribute: