New-York tribune., 1880-02-17
DEL1 MATYR FIY1NCE.


Ii must be confessed that the Rev. Mr.. De
La Matyr, of Indiana, who on Saturday last,
in the presence of twenty of his fellow mem
bers of the House Of Representatives, wreaked
the mother tongue upon tho financial problem
III a manner that must have made the eagle
on the coin of the country fairly squawk
with rage, did say some things which no
man viii dispute who ever owed dollar that
he could noe pay. Mr.. De La Matyr, as is
well known, entertains the prOfOundest con-
tempt for specie. In the forum and the mart
he points at it the finger of scOrn Ie sits
ND nights loathing. it. 1t is IN his be-
lief, the source of oil mischief; the
secret of the money Power" which he
likens to tho dev-fisb, reaching forth its
"horrid arms, bOneless, sOulless, ever multi
plying, ever extending, wrapping all indus
" tries and sucking the lIfe-blood from them"
He says further that it is more dreadful
." than the dragon OF the Apocalypse" and
expresses the opinion that it is the
great hiDdrance to the success of the
Christian religion. As practical Illus
tration Of this, he instances the fact
that the pulpts of Maine were closed to
him "by command OF Mr.. Blaine" And this
suggests the necessity for another nvestiga-
ton. For Mr.. De La Matyr is a clergyman,
and his word will not be disputed and when
he says in q speech on the floor of Congress
that the pulpits of Maine were closed to
him "by command Of Mr.. Blaine" he cannot
be talking at random; be must have proof OF
what he says. Mr. Blaine, then, is despOt
and a Democratic Congress should not permit
him to close the pulpits of Maine without
knowing the reason why.
This, however, only in passing. We cannot
touch all the points brought forward by Mr.
De La Matyr in his arraignmeDt of the
Money Power 1t may be mentioned that he
charges it, among other things, with building
a barn, through one OF the Rothschds, that
cost million of dollars; with raising
up National banks, expressing the people,
controlling the Government, subsidizing the
press, changing Webster's Dictionary and mu-
tlating Wayland's Political Economy. These
things in addition to its making the pulpts
of Maine ring out Blaine's behests";
a thing he knows about, for he "was
" there through the canvass" But tho point
in the speech which will specially commend
itself to thousands is where he objects to the
specie basis, because il is 90 unstable and
unreliable" He says: L" 1t always fails when
tested. For instance, when war came we
had to place our currency on the authority
of law, because specie utterly failed us.
at has always failed in emergencies
which have tried it, 1t answers only in per-
feet calm. 1t cannot endure storm. We
mean to have basis which bankers have
"no power to remove at their pleasure one
that will stand when the severest best comes,
and one on which we can build an
abiding volume preventing ruinous Auctu-
"ations." There's your system just as
plain as O pikestafi, and as easy as
rolling off a log. Obviously, Mr.. De La
Matyr is not a statesman who contents
himself with mere denunciatiOn of tho Money
Power as a devil-Gsh and dragon of the
Apocalypse. When he wipes out specie he Of
fers a substitute something that is stable and
reliable a basis that will stand when the So
verest test comes; to wit: notes-promissory
notes.
It's a good plan an uncommonly good plan.
1t is not entirely new, however. Attempts
have been made heretofore to crush the Money
Power by similar methods, but with only tenn
porary and trifing success. The case just now
occurs to us of Mr.. Goozlebaum, who carried on
a school of political economy for advanced
thinkers In Mackerelville, and ia connection
Herewith did retail business In beer. One
night the advanced thinkers emphasized
political discussion by cleaning out the estab-
lishmont. Mr.. Gooslebaum happened at the