The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1881-03-03
onssnAl rnrss REVIEW.

and The difficulty raised by tho bank officers,
and takes 50 emlnently conservative WOW OF
tho whole matter, that we publish at length
Its remarks rs follows.
It Is necessary for the law-making power
in Washington TO authorize the emission of
new bonds out Of the proceeds Of the sale of
which to pay the maturing ayes and skies.
Congress has deliberated long and patiently
over the rate of interest which those new
bonds should BEAR and ii has finally decided,
properly as the world thinks, that they shall
bear only per- cent. Congress has also de-
cided that the banks must use such bonds in
pursuance of tho provisions of the, banking
law enacted by II republican congress in
1864. The banks naturally would have
preferred 81 per cent bond to q per cent.
bond, and the banks would have preferred
70 remain uu der the law of 1874 rather than
to 90 back to the law of 1854, under which
most of them in this city came into being.
The banks Lad perfect right TO urge these
preferences upon congress. The wishes Of
the banks we're adequately AMI empha.cally
represented by Comptroller Knox before the
finance committee OF the senate. His opin-
ions respecting MIR. Carlisle's amendment
and his official denunciation of that
amendment were published in the
newspapers Of Washington and Of the
country. He eulogized the amendment of
1874 which favored the banks by repeating
the law which required q reserve as against
circulation, and by permitting the with
drawal of bonds and the reduction of circu-
lation at the pleasure of the banks on q
deposit of greenbacks in place Of the bonds.
But the senate finally fixed on the three per
cent. rate and repealed the fourth section of
the law of 1874 after having heard the bank
and Comptroller Knox. A few trihing
amendments in tho house bill sent the bill
back to the body in which it originated
Thereupon certain officers Of certain banks at
once began, it is believed to conepire and
combine to produce such a condition of trade
and business as might terrify the house into
adopting amendments of the measure which
the senate had refused TO adopt after fair
argument! All such bank officers may rest
assured that the oaly effect Of such course
will be TO iDjure, not themselves and their
own banks only, but the officers and the
shareholders of banks no. represented in
their combustion. Neither the country nor
congress will consent or should consent to be
bulldozed into or out Of legislation by
handful of banks, above all when the share
holders of those banks have not been con-
suited in the operation Bank officers who
have combined together to create financial
alarm ss a means of influencing legislation
by congress in their own favor ought to be
branded and will be branded as selfish con-
spirators bent on impeding the orderly course
OF legislation at Washington.
The Springfield, Ohio. Farm and Fire
side thinks inst the current of public opin-
ion is setting now in favor of woman suffer
age and the abolition of capital punishment,
aud on this subject says:
s3traws show the direction of the wind.
Little events indicate the direction of the
current of poblic opinion. Gov. Long, of
Massachusetts. in his annual message gives
the weight of his position TO one or two
radical propositions of general interest.
His recommendation Of an amendment TO
The constitution giving women the right to
vote ia rather significant as an Indication OF
the drifc> of public sentiment than a.
phrophecy of any change likely to be m de
Immediately. The voting for school OIL era
will have TO be somewhat more G neral
before an agitation for unlimited su lrage
will acquire great force over the pub
lie mind. The average voter cannot b. made
TO see the injustice Of denying women suf-
frage rights which they do not clHmor for
and will not even exercise when conferred
upon them. Those who b.lieye in woman
suffrage must address tho women whose in
difference and opposition is the chief obstacle
to be overcome. He also recommends the
abolition of hanging. he rightly Gays that
if capital punishment is to DO inflicted some
less revolving method of inflicting it should
be adopted. He adds a suggestion that 1t
might be left to the jury to determine in
.,l,. In tnas 1, ~ ha in.
flicted and in what imprisonment for life
should be substituted. This would prscti-
cally be an abolition OF the death penalty.
We don't know that there is any connect
ing link between woman suffrage and hang
ing, any subtle influence of similarity about
two SO widely different matters that the pub.
lie mind should be affected aflirmatively by
both, or rather positively and negatively by
them. However, there does seem to be a
revolution of this kind going on.
The st. Louis Globe. Democrat SAYS it
and as it is the G-Ds funeral, skeleton in
its own household that it is laying bare, we
can't DO blamed for republishing it:
President Hayes said TO an interviewer,
recently, that be trusted in the intelligence
and virtue of the people. But he doesn't
seem 10 have been willing 10 trust the
solvency or honesty of tho government, OF
be wouldn't have drawn his pay monthly in
advance.
The Philadelphia Times sides with the
democrats in congress in their effort 10 pass
an spportionment bill on g basis Of 307
Representatives, and blisters the republican
partisAns and blstherskites like the mouthy
Conger. The Times says:
II Gods scales Of justice hang between
the deed NJ Just and the end unseen, they
must be getting pretty heavy weight to
balance partisa ship displayed during the
present session, when Randall takes his
place as the leader q a dem cratic minority,
aching 10 give a feeble majority tasteof the
chalice which they have before drained.
Considered as An Investment the flibuster-
ing begun yesterday and continuing til
these lines are resd.cannot be held pr0hta.
bic party investment. II is . scandslous and
lawless trifIng with The public patience, ss
wellas q perversion of the rights Of n
patriotic minority. Leading republicans
have acknowledged the Justice Of The pend
ing bili-st the figure 307. The New York
York Tfrnoa the ornonont Of rpruhlicau