The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1908-08-08

present, which are liable to occur at any time if
some significant failure should precipitate it
Congressman Fowler is certainly competent to
speak understandingly upon this subject, for he
was national banker for years in the city of
Elizabeth, New Jersey. Realizing the enormous
fraud the system was perpetrating upon the COM
mercia and industrial people of this country, about
IL years ago he sold out his banking interest re-
signed his position as president of national bank
and he is now a large manufacturer.
Now, as against the republican artistic financial
system, with its sentimental and purely fictitious
dollars the value of which is all in the mind
and none in the substance of the dollar it's basis,
and the floating of these artificial dollars at gold par
costing the people $780, OOO 900 annually as proven
by republican figures and admitted by the best of
republican authority, let us compare the democratic
material monetary system, so far as it has been
permitted to obtain foothold in the republican
artistic system.
AS a result of an unceasing and persistent war;
fare waged by the democratic party under the
leadership of Mr. Bryan, for return to the con-
stitution of the United States and the restoration
of the metallic substances therein enjoned as the
measure of our commercial exchanges, and the
basis of all note issues designed to circulate as
substitute or representative of basic money the
now have nearly 7O0,0O0,0OO of Bryan dollars"
added to our stock of basic money! all circulating
at par value, being no burden on our gold stock
except to the extent of small displacement of
gold in the revenue receipts which by congressional
enactments has been minimized down to March d.
1907, the date of the approval of the Aldrich bill
that nullfed those congressional enactments.
Now, instead of those Bryan dollars" being a
burden requiring tax, in the form of high pro-
tectve tariff to the extent of 5000 900 600 annually
to keep them floating at par gold value (the amount
required to circulate the republican gostly dollars
during the last IA years., the whole people have
realized net profit on the coinage of Bryan
dollars since 1878 amounting to more than one
hundred and taUenty-eight million dollars And
right here lies the issues between the two great
political parties today as it has since 1873.
The republican party has taken firm stand that
it is crime for the federal government to realize
any profit on money ssues that all profits arising
from money issues should inure to the bondholder
and national banker" That principle the demo-
cratic party denies holding to the doctrine of the
constitution that our government was founded to
establish justice and equity, and that justice and
equity do not lie in the enactment of laws requir
ing the secretary of the treasury to guarantee the
assets of national banks the verge of nvolvency
in order that they may issue emergency currency
with much to liquidate their deposit liabilities as
provided by the Aldrich- -Vreeland act.
We are not surprised at Congressman Leake
also Pratt of the same state, going over to the
publican party. In doing so they are simply obey
ing the command of their aristocratic constituency,
the bondhoding benefciaries of the republican
bond-based currency system, absorbing their pro-
portion of the $780, 100000 annually of excise
Town :,,I, n
country to keep the republican sentimental paper
dollar floating at par with gold.
most noticeable element of Mr. Taft s candidacy
is his apparent desire to amend the republican ma
tional platform. When the eastern financial interests
prepared the platform at Chicago Taft was plenty
willing to run on it. Since the public has had the
opportunity to study the platform it has become
noticeable that the republican position is precari-
GUS, and Mr.. Taft now throws himself into the
breach in an attempt to amend the platform by an
addition of democratic principles. If Mr. Taft were
elected of course he would be compelled to rest en-
tirely upon the platform for his present utterances
are not official" But in the meantime, he is
not to be blamed for trying to strengthen his posi-
ton by making few silvery promises and by tack
ing on a few democratic doctrines to the Wall
street platform. If there is anything at all that
can help him, it is his espousal of the principles
which W. j. Bryan has been promugating for
many years.
The management of the Spokane interstate fair
has announced that there will be no bar on the
grounds this fall. With the omission of liquor
selling and pool selling the Spokane fair will prove
novelty to those who have attended for several
years.