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Show TRU T M. 8 TRUTH Issued Weekly by Truth Publishing Company. Western Newspaper Union Building. South West Temple Street, Salt Lake City. 241 John W. Hughes, Editor ind Manager. Entered June 19, 1908, at .alt Lake City, ms ter, under Act Utah, as second-clas- s of Congress of March 3, 1879. Terms Of Subscription: ONE YEAR (In advance) SIX MONTHS (In advance) THREE MONTHS (In advance) Postmasters sending TRUTH may retain subscriptions 25 per cent of 2.0(? 1.00 75 to sub- scription price as commission. If the paper Is not desired beyond the date subscribed for, the publication should be notified by letter two weeks or more before the term expires. Discontinuances. Remember that the publisher must be notified by letter when a subscriber wishes his paper stopped; all arrears must be paid In full. Requests of subscribers to have their paper mailed to a new address, to secure attention, must mention former as well as present address. Address all communications to TRUTH PUBLISHING COMPANY. Salt Lake City, Utah. Reports in the opposition press to the contrary notwithstanding, we are informed and verily believe that up , to date nothing in the political situation has happened that has prevented Judge Parker from taking his morning dip in the Hudson in front of his home. By the way, the more superstitious of his party see a good omen in this. They claim Parker was right in the swim when nominated and will be when the votes are counted. Just by way of caution, Truth sug- gests to Republican papers, and especially the esteemed Tribune, that stories in the editorial columns about the "divided democracy lack the weight they otherwise would have were it not that the news columns relate almost dally that the unterrlfled and unwashed are getting together all over the county. Better discuss the issues. done more talking about gubernatorial old faith in a monetary standard as a necessity. candidates than all the papers in the scientific and indispensible to gold, he deThe functions attributed state combined. clares, are undergoing as great a as the currency theories which Its a cold day when bids for city Change suggested it. What chiefly concerns work cannot be found defective; espe- bankers at the present day is not the the bank note, but cially when some competitor of Moran convertibility of ofmetallic money. It Is submits lower figures than he. The the volume the gold reserves which they ought to board of public works may not know hold as security for their huge deit, but this sort of business is getting posits. He thinks that a scientific plan of regulating the world's gold reserve to be chestnutty. is possible, and that it Is not beyond the leading banking inThe democracy of the state of Wash- the power toof devise a central gold restitutions not to able nominate ington, being serve that would serve all nations. Mr. George Turner for vice president, did Lawson say that the estimate made the next best thing; it selected him as by our director of the mint, that the per capita circulation of money In the the gubernatorial candidate. world is $9.47, is undoubtedly a prodio gal allowance of money. The full efTHE NEW MONEY I88UE. fects of excessive circulation is necesstocks of gold, Mr. Law-so- n large sitating Has There Been Overproduction of says, are to be most clearly seen Gold? in the United States. The biggest and of all American trusts, he most It is a remarkable fact that just at thinks,costly In the past is the currency. to the inflated the time when the gold standard has seven years it has been been firmly established, some of the amount of $760,000,000. This has beof riches. For s are beginning to come an embarrassment which makes very little use a took ahead so far as to say that the of countryin its daily business, the gold time may not be far off when gold of gold in the United may go the same way that silver has States, he declares, is an enormous the and no longer be available as the hoard to be saddled with. Half circulation and half the gold reserve worlds standard of value. might make better money, In his opinThat there has been an enormous ion. In concluding his pamphlet, Mr. production of gold in the past fifteen Lawson says: years is not in duobt. Since 1891 more as a rule look to quantity "Bankers than 13,000,000,000 of' gold has been More gold! More gold! is only. taken out of the mines of the world. their one cry But gold is not invulIn the last century near $9,000,000,000 nerable any more than silver was. It of gold has been produced. There Is. in much the same position today as silver was years ago. Precisemight be such an increase in the sup- ly the samethirty causes and influences are ply of the yellow metal that it would working against it, and the end will be no longer be the best commodity to the same. The legal, or conventional, serve as a standard of value in mak- value of monetary metal can only be ing the exchanges of commerce. This maintained so long as it does not macontention is stoutly controverted by terially exceed the commercial value. Mr. Roberts takes the opposite view. others, and thus there is growing up a new money issue that is quite sepa- As a proof that our currency has not rate and distinct from the old money outstripped our growth in wealth and issue from which we have just emerg- commerce, Mr. Roberts says that between 1890 and 1900 the national ed, that between gold and silver. The two sides in this controversy wealth grew 44.9 per cent, farm proare represented in recent utterances, ducts 53 per cent, the value of manuon the one side by W. R. Lawson, of factures 39.1 per cent, exports 62.5 per the London Financial Times, and on cent, bank clearings 43.7 per cent, and the other by United States Treasurer deposits national and savings banks 68.5 per cent. The money in circulaEllis H. Roberts. Mr. Lawson says that the final tion increased 43.7 per cent. This quietus given to bimetallism: eight or growth in circulation was 1 per cent ten years ago has rid us of the silver less than that in national wealth, 9 per standard. But he thinks that it did per less than the increase in farm rather more than that, for it shook the products, 4 per cent more than that in political-economist- . The action of the board of county commissioners in reducing the number of election districts and at the same time cutting down the supply of justices and constables is one that cannot be too strongly commended. The Idea Is a good one and it should have been put into eifect long ago. ASK Wm. A. STICKNEY GI6AR CO. FINE Cl CARS Heber M. H. Tyree, Wells. President. V. W. 8. McCoraleft, Secretary 6PEND YOUR MONEY AT HOME. : net it liteM i Organized and Conducted Under the State Lavra of Utah. Affording Greater Advantages and Facilities, to Its Patrons than foreign lacoropratlooa. most of the talk about gubernatorial candidates has been "hot air. This is a sad and lamentable fact And the Tribune has W. H. Cunningham, Pres. &Gen. Mgr. - The Tribune states that exports. This discussion indicates quite we are that clearly entering upon a new phase of the money question. Boston News Bureau. o GREAT MINDS THAT THINK ALIKE The Democratic platform is fit only for a dishonest party, said Mr. Bryan. Well, It fits, doesnt it? Provo Enquirer. "The Democratic platform is fit only for a dishonest party, said Mr. Bryan. Well, it fits, doesnt it? Box Elder Report. Western Democrats assert that they are not satisfied with the political character of their nominee. His financial character, however, is all right. Box Elder Report . vice-presidenti- al Western Democratis assert that they are not satisfied with the political character of their vice presidential nominee. His financial character, however, is all right. Provo Enquirer. Jt The St. Louis convention served one purpose in showing that the democrats never accept Republican principles until they are about eight years old Provo Enquirer. The St. Louis convention served one purpose in showing that the democrats never accept Republican principles until they are about eight years old Box Elder Report. Jt J "Every day brings out the fact more plainly that Hon. Aquila Nebeker, will be compelled to accept the Democratic nomination for governor. At least that is the universal opinion hereabouts, and democrats will voice It loudly at Saltair today. From Salt Lake City and Southern Utah the demand is constantly being made that Quil pull off his coat and get into the contest A month ago things looked doubtful as far ns Utah was concerned, and when Quil declined to enter the race for governor, a good many peonle commended his good judgment But conditions have changed wonderfully, and those same people are now ready to condemn Mr. Nebeker as a political chump if he falls to go after that nomination. With Nebeker as a candidate, they say we can surely win." Logan Journal. o The country will sympathize with Lieutenant General Nelson A. Miles in the loss of his estimable wife, who died Tuesday from an attack of heart failure. She was a niece of John and General Sherman, and a very popular woman with her associates. If the Kansas Democrats and Populists only knew it, their action In trying to effect a fusion is most tremendously demoralizing to Warren Foster of this city, who has taken high ground against Democracy already- for a change of front. manufactures, the same as that 1q bank clearings 12,5 per cent less than that in national and savings bank deposits and 19 per cent less than in otlr Is Senator Kearns right when he claims E. W. Kelly as his original supporter in Millard county? If our memory serves us right, Mr. Kelly was for Arthur L. Thomas as first choice for senator at the session of the leglslar ture when Tom was elected. The senator also claims that the leading republicans of Millard county were among the first to discover him, whereas they were nearly all supporters of Mr. Thomas. Among those were Thomas Callister of Fillmore, Orville Thompson of Scipio. Frank Slaughter of HInkley, Judge Vlelle and John KelH ly of Fillmore. If Toms statement contrue, it puts him in the light of a spirator trying to secure the support of Millard county against the wishes of the republicans. If it is not true, it puts E. W. Kelly and others In a false light : Interest-Bearin- g i Securities Yielding six per cent compounded twice a year, make an ideal intuit' ment. They can. be procured from Me-Gurri- Office Booae 4p9 to giUs Building Salt Lake City, Utah ' ft Co., Investment bankejj Salt Lake City. The investor hold the security. We do the work. |