The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1911-06-24

Wickersham the attorney general of the United
states who has been prosecuting" the trusts ad
mtted on the witness stand, the other day. that
he had received fee from the sugar trust as its
attorney of $4,000, and that Henry w. Taft,
brother of the president, had done the same. No
wonder the sugar trust, found guilty in court was
permitted to pay back small part of its stealings
and 20 free. But the people vote to continue this
kind of an administration.
The American Express company was organized
AZ years ago with capital Of $18 O00 0OO on an
appraised valuation of S. 0O0 600 and this basis
has paid IL per cent dividends annually, besides
accumulating surplus of $780, 00O,O0 The Wells
Fargo company on a valuation of $5O0000 issued
stock to the amount of $3 100000 and last year
paid 300 per cent on it's capitalization. The Adams
Express company has a capitalization of $32, 000,-
000 much of it water and all made from the busi-
ness, and is paying annual dividend of IL per
cent. But you like these things or you would not
vote to continue them giving much to the corpora
tions and taking much from the masses. Democ-
racy would curtail the power of the trusts if given
the opportunity, and would demand that common
carriers operate at reasonable profits. Democracy
is not controlled by the interests" The republi-
can party has been dominated by the moneyed in
terests for years-and the people pay for it.
SS
The following letter from Champ Clark, dated
June TO- explains his position regarding presidential
candidacy. and is worth reading:
Mr. j. C. Harrigan, editor of the Examiner
want to thank you for the kindly things you have
said about me in connection with the presidential
nomination, and otherwise. While am not can
didate for president and may never be, l consider
it a great compliment to be thought of or men,
toned in that high position by my fellow citizens.
''The victory of last November was won on the
fight that was made by the house democrats
against Cannonisn, the rules and the Payne tariff
bill. That was great victory; we not only elect
ed democratic house, but carried into office with
us half dozen democratic governors of northern
states. As result of it the party placed me in
the most responsible position it had to give. My
duty is here, helping the house to. make good, and
I am going to stay here as long as there is any
thing for me to do In other words, am not 60
ing to neglect the work here in order to around
the country after another office regard the rec
ord we are making in our democratic house as
superb. We are busy carrying out our promises
to the people and we will continue on that line.
II thank you for the kind things you say about
me and am glad to observe that you are pleased
with the way the democrats are demonstrating
their capacity to run the house. They can run all
branches of the government just as successfully if
given the opportunity, and believe the work of
this house will result in our controlling them all
after the next election Sincerely yours, Champ
Clark"
The financial statements of the three banking
institutions of Colvile show total resources of
$1,027,17O, with total deposits of $732, 147 This
is perhaps the highest point ever reached by COL
vile banks, and shows that financial disturbances
are not likely to affect the Colville territory for
some time. For the Coville banks have shown
their ability to properly handle the peoples money
and for the benefit of the people. During the
money stringency four years ago the Colville
banks, then only two in number, had their affairs
in such shape that depositors who really wanted
and needed their money could go and get it. re-
gardless of the minimum withdrawal laws adopted
by most banks throughout the country. The result
was that there was no panic here. The people
knew that their money was safe and could be had
if wanted, therefore the people didn't want their
money. But if there had been the least suspicion
that the money was not available, every man and
his dog would have been on hand to draw his
money out first. This is the basis of panics, and
of runs on banks Colvile has been fortunate in
it's banking institutions. They have shown them
selves safe, sane and sound and the deposits of
nearly threequarters of million are plain testi-
mony that the public trusts them. The character
of their assets is good, most of the assets being
actual cash, deposits in approved reserve banks,
and good short time securities, warrants, etc.
Banking stability means much to any section.
It is one of Colvile's best assets.