The morning star and Catholic messenger., 1879-01-05
THE VEST AND THE EAST.
AN OHIO CONTEMPORARY EXPLAINS IT'S COM
PLANTS OF THE EASTERN MONEY POWER"
Cincinnati En- Dquiror. Dec %.

Cincinnati Enquirer, Dec %.
The New York WorId, without asserting that
there is no money Power" u the land, admit-
ting, indeed, that there is snch a thing, denies
that there is an Eastern money Power" 1t
confesses that such an influence has been felt
in our politics, specially since 1861, but insists
that it is Western, not an Eastern, inf uence.
| 1t raises question Of longitude simply, not q
question of fact, as to the existence of potent
influence in our national affairs, which is
Power" With the good nature that often
characterz,s 81 our Eastern contemporary it in
qnirss: why viii nut oDr impaasioned con-
temporary, the Cincinuat Enquirer, be good
enough in some moment of tranq uil meditatio
to explain precisely what it means by that
money power which SO unpleasantly hsunts
its vivid imsgnati ou, and by which it sup
poses ali the politics OF the East to be inspired
aud controlled 7" it specifically asks I:
"Will not our Ohio con temporary kindly tell
ne to what particular political force and to
what particular doings or attempted doings of
that particular force it refers when il ecolds
about the Money Power of the Eastern De-
mocrsoy y This request is amiably made,
and nothing but the limitation OF q newspaper
article prevents our complete and equally
amiable compliance in this issue. We can,
however, make q beginning. We need not 90
far to find illustrations 1t is only O few
days since o few national bankers assembled
themselves together, as the manner of some is,
in New York, and set at defiance o law of the
United States passed with extraordinary en-
phssis over q veto of the President. Here is a
specific and important exercise OF "money
power" both political aud E .stsru, fresh in the
memory of all. The great independent journal
of New York. the Herald. promptly proclaimed
that the banks of the United States would be
compelled to initiate this New York action, so
dependent were they on the New York banks,
ana go intimate the relations between them.
That is, q few representatives of the "money
power" in New York could almost drag after
them two thousand national banks, with
their enormous capital and measureless power,
even into hostility to the laws of the United
States. 1t is charged that the Secretary of the
Treasury was a party To this conspiracy,
and the fact that John Sherman is a Western
man does not change the fact that this is an
Eastern policy. What does this single instance |
suggestF What Law was defed7 Who Passed
and who opposed that IswR Was or was not |
the hand Of an Eastern Money Power" seen |
in the legislation to which this calls atten tion
The law which the New York national bankers
oouspired to break down was the law remone. |
tizing silver. Tne Easteen Democrats and the |
Eastern Republicans in Congress, almost TO . |
man, voted against that remonetiz pg bill. 4 |
large majority of the Western and Southern |
members voted for it. The bill was vetoed. At |
whose rcquestf Certainly not at the request |
of the people and the sections that bad favor.
ed the bill. The President halls from Ohio, J