The daily gazette. [volume] (Wilmington, Del.) 1874-1883, 1881-02-28
Philadelphia Times.
WIles of the Wreckers.


tested in the Gould presses against the
funding bill takes up the argument which
Fisk aud Gould made to Grant when
they were laying their plans for Black
Friday. 1t was Fsk's opinion, confirmed
by Jay Gould, that the government had
no right to interfere in the markets and
that il certain parties were strong enough
TO make corner in gold it was no bust
ness OF the Treasury. The Gould news.
papers are now striving TO make the pub
lie believe thai the bankers are opposed
to the funding bill, thus identifying
respectable interest with Jay Gould's
private purposes. But what if the banks
were opposed to the funding bill? Most
men are opposed to sea sickness, yet If
they go to sea they suffer il. Nations are
opposed TO war, yet the world is never at
peace. Most men dislike to be poor, yet
men are poor. Minnesota dislikes 10 pay
her debt, but the majority of the people
will see in time that Reputation is a poor
investment. Jay Gould is likely TO be
seriously affected by the passage OF the
funding bill. What right or title has
public plunderer like Jay Gould TO con-
sideration ? Did he consider the senti-
ments of the millions affected by his
late TELEGRAPH swoop? Just what
purpose the reckless jobbers have in the
defeat Of the funding bill is not hard TO
divine, but there is one mischief that
they must not be permitted to do. The
vast majority of the national banks do
not oppose the present funding bill. The
men who manage the banking interests
of the country, outside of the contamlnat
ing influences of the moEopolist and job
Oers, are we'll satisfied that the govern
ment shall be administered for the peO-
pie and not for a few favored spectators.
Out of the thousands of national
banks in the country there are but few
that have made reclamation against
the peoples right to drive the best bar
There is not a banker nor tinapcier,
from the ignorant Greenback paternal-
list to the widest Fourierite, who does
not know that the business of govern
ment is a science whose mechanism
works through unerring laws, and that
the law of supply and demand in
money rules as in every other commo-
dity. The present three per cent loan
will hardly have been in the marke
week when the very last bond will
have been sold, even were the banks
unwise enough to refuse to take them.
Nor is it an unwarrantable assumption
to assert that the Gould organs ard
their long line of dislngenuous paro-
dists are the more heated because of
this knowledge. They denounced the
four per cent issue with the same vitu-
perative trugidity when Congress emit
ted that marvelously successful loan.
TO cloud the issue in the eyes of The
ignorant they assert that the defense
of the nations interest means hostility
to the banks, or in other words, The
calling in of doctor implies hostility
to the patient! If there were a single
| line i'll the present funding bill bearing
harshly or with discriminating direct
ness upon the banks, there might be
pretext for the maladrrit clamOr OF the
iobbeIs; but there is none. The
banks can take the loan or not his they
see fit and good. Congress goes even
a step farther by removing a tax no
onger necessary from the checks and
| deposits of the banks, and i'll the face
Of this fostering guardianship the
| Gould presses would have us believe
l hhNt q plhiSLCl BOoO W luSl Lllt
banks turks in the bill.
The fact is the clamor set up against
the funding act seems to be remnant
Of the demagogic buffoonery that
used to suffice to rush Credit Mobilier
and railroad subsidies through House
and Senate. The arguments, if the
shrill scolding Of the startled jobbers
may be dignliied by the name OF argu-
ments, recall for all the world the
Iudicrous cutlery Of the thieving
Pasha, rioting on the tlthes of the
helpless Mahommeran peasants. The
English Government, IN the interest
Of the tax payers and bondholders,
| interviewed and demanded a simplliica-
ton and systematizing of the reVe-
nues. But, exclaimed the Pashas.
where are our fortunes to come frou
# We are no longer permitted to take
our tenth of the produce of the il I
Nor is 1T surprising that in their sim
pllcity they made the argument whIcl
the Gould journals plagIanze-yol
are brlgands, compelling honest mel
to give up their lnalienable right o
E Gacksheesh Yes, the government il
! | Just such brigand as it was III 1861
! when 1t asked the people to furnish i
men and money to put down rebellion
1t is sheer waste of time to dispute
; the fantastic rawlings of such reason
. ing the assumption that Congress
: shall not fulfill its functions because
the interests of Jay Gould may b,
best maintained by another line .
policy, or few tnanciers prefer one
1 nalf per cent. more profit than tn,
{ nation feels disposed TO pay. If an
9 considerable body of men do not Sc
lit to take the bonds there is no man
= latory clause compelling them To d
r. It. Ii Jay Gould shall put out hi
e bonds Tomorrow for that philanthrt
n pic telegraph system which is to gil
lie the three continents lie may as
e Jhrte and ome-haf per cent. if h
2. chooses, nor will he be more or less ,
). brigand thah he ever was if h
- claims the right to borrow money {
the lonest rate.
!. General News.