The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1881-03-02

the whole matter, that we puoiieh AZ length
its remarks MS follows:
1t is necessary for the aw,makng power
in Washington to authorize the emission of
new bonds out of the proceeds Of the sale of
which to pay the maturing ii ,es and skies.
Congress has deliberated long and patiently
over tho rate of interest which those new
bonds should bear, and it has finally decided,
properly rs the world thinks, that they shall
bear only per cent. Congress has also de-
ciied ths. the banks must use such bonds in
pursuance Of the provisions of the. bankiog
law enacted by u republican congress in
1864. Tho banks naturally would have
preferred u 81 per cent bond to per cent.
bond, and the banks would have pref Ired
90 remain under the law of 1914 rather than
10 @ back TO the law Of 1864, under which
most Of them in this city came into being.
the banks had perfect right to urge these
preferences upon congress. The wishes of
the banks we're adequately and emphaticaly
represented by Comptroller Knox before the
finance committee Of the senate. His opn-
ions respecting Mr.. Carlisle's amendment
and his official denunciation of that
amendment were published in The
newspapers of Washington and Of ,nc
country lie eulogzed the amendment OF
1874 which favored the banks by repeating
the law which required q reserve as agains,
circulation, and by permitting tho with
drawOl of bonds and the reduction Of circu-
lstion at tho pleasure of the banks on u
deposit OF greenbscks in place Of the bonda.
But the senate finally fixed on the three per
cont rate and repealed tho fourth section OF
the law OF 1874 after having heard the banks
and Comptroller Knox. a few triilIng
amendments in the house bill sent the bill
back 10 tho body in which it originated.
TAereupon certain officers of certain banks NJ
once began, it is believed, TO conspire and
combine to produce such - condition of trade
and business AS might terriiy the house into
adopting amendments Of the measure which
tho senate had refused 10 adopt after far
argumont All such bank officers may rest
assured that the only effect of such course
will be to iniure, not themselves and their
own banks only, but tho officers and the
shareholders Of banks no. represented in
their combination. Neither the country nor
congress will consent or should consent TO BIO
bulldozed into or out of legislation by
handful of banks above all when the share
holders of those banks have not been con-
lave combined together to create financial
alarm rs II means of influencing legislation
by congress in their own favor ought to be
branded and will be branded as selfish con-
.pirators bent on impeding the orderly course
of legislation at Washington.
The Springfield, Ohio, Farm and Fire
side thinks that tho current of public opin-
ion is setting now in favor of woman suffer-
ego and the abolition of capital punishment,
and on this subject says:
Straws 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 q yes |
the weight of his position to ono ortwo
radical propositions of general interest. |
HIS recommendation of an amendment to
the constitution giving women the right TO
vote ia rather significant MS m indication Of
The drift of public sentiment than as q
of any change likely TO DO msde
The voting for school officers
will have to bo somewhat more general
before All agitation for unlim,Lod suffrage
will acquire great force over the pub
lie mind. The average voter cannot DO made
to see the injustice of denying women euf. |
frsge rights which they do not clamor for
and will not even exercise when conferred |
upon them. Those who bslieve in woman |
suffrage must address the women whose in |
difference and opposition is the chief obstacle |
to be overcome. He also recommends the |
abolition Of hanging. He rightly says that |
ii capital punishment is to be inflicted some
less revolving method of inilicting it should
be adopted. He adds u suggestion that it
might be left to tho jury to determine in
Whist cases tho death penalty should DO in
Hicted and in what imprisonment for life
should be substituted. This would practi.
cslly be an abolition of the death penalty.
Wa don't know that there is any connect
ing link between woman suffrage and nsng
ing, any subtle influence Of similarity about
two SO widely different matters that tho pub
lie mind should be affected ailirmatvely by
bo.h, or rather positively and negatively by
thcm. However, there does seem to DO
revolution of this kind going on.
Tho st. Louis Globe. Democrat saya it
and as it is the G.D's funeral, u skoleton in
It's own household that it is laying bare, we
can't be blamed for republishing it:
President Hayes said to an interviewer,
recently, that he trusted in the intelligence
and virtue of tho people. Blu. he doesn't
seem tn have been willing 70 trust tho
sclvency or honesty of the government, or
he wouldn't have drawn his pay monthly in
advance.
AL,