Gilpin observer., 1914-07-16
SCRIP EVERYWHERE;
MONEY COULDN'T BE HAD

President Roosevelt has fallen back
on the calamity cry of the little Re-
publican politicians throughout the
country and takes the position that
prosperity cannot exist during Dem
ocratic administration.
This is the same Mr.. Roosevelt,
whose occupancy of the presidency
was chiefly signalized by the panic of
1907, and the ensuing depression, from
which the country was. only emerg-
ing when his successors successor
was installed in office.
During that panic, when Mr.. Roose-
welt was in the White House, there
was organized in every section of the
country NO MEAT CLUBS. Money
was so scarce and meat was SO high
many people throughout the land boy
cotted all forms of meat and were
forced to a vegetable diet. The peo-
pie of this nation have not been fore
ed to any such boycott under the
Wilson administration. There is abun-
dance everywhere
You remember of course, the scrip
days of the Roosevelt administration.
In those never-to- be forgotten days,
people who had good, hard money in
the banks couldn't draw it out. Checks
were no good. Depositors were given
scrip instead of money, which had
to be hawked around and finally ex-
changed on discount. Remember
those dark days back in 1907? Well,
the next time little two-by-four Re-
publican says anything about alleged
business depression in the year 1914,
just hark back to Republican rule
and scrip.
On the floor of the house, congress
man Rainey, of Illinois, forcefully call
ed attention to the deplorable situa
tion that existed in 1907 He said:
'In 1907 the men who had toiled all
day long, day after day, in our shops,
and under hot suns of summer on
our farms, were unable to go to their
banks and get tie money they had
earned and had deposited there. Dur
ing that period of time l myself re-
call that check on the treasury
of the United States, drawn by the
sergeant-at-arms of this house, pay
able to myself for one months sal
ary, was refused payment by one of
the greastest banks in the middle
west, The banks locked up the mon
ey of the people in their vaults dur
ing that typical Republican panic. and
issued their own paper, in violation
of law. We suspended the operation
OF the criminal and civil laws of this
country and permitted throughout
the land every bank that wanted to
do SO to violate the law. On this
side of the house there was not
murmur of discomfort or disapproval
throughout the dark days. of 1907
not single political speech calling
attention to this panic, for which
the Republican party was directly re-
sponsible.: was made on this side of
the chamber. II was a case where
We applied the faith cure to the sit
uation and starting on the Demo-
cratic side of the house and of the
senate, we made speeches of conf
dence, and the inspiration created
here spread throughout the country.
''Out in my section widow who
had saved up two or three hundred
nj Sha a
did not believe in banks. was so in
spired with the patriotic feeling which
started on this side of the house and
extended throughout the country that
she brought her money from its hid
ing place and deposited 1t in local
bank, and said: Here is my money;
I feel ought to contribute this to-
ward the security of the banks and
business throughout the land Those
acts of patriotism, numerous as they
were, conspicuous as they were in
1907 can all be traced to the wave OF
patriotism which was inspired by
Democratic leaders here and through
out the country in the dark days of
this Republican panic. Patriotic ut.
'terances so fre9unet in 1907 9nd 1908
on this side Of the house are absolute
ly lacking at the present time on
the other side of the house.
From the article of j. w. b. Smith
In the Idaho Springs Strings, one Is
led To helinvn he has the Atrange