The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1883-12-12
ARTHUR AND FOLGER.

1t would be exceedingly difficult to find,
in all the Republican stables, a pair of dom
keys better adapted to pull together than
Arthur and Folger. They are brace of New
York politicians. and both, in the estimation
of distinguished Republicans, are what Lin
coin would have called bad eggs" Arthur,
who is now acting President by virtue of the
lifting power of murder, was. few years
since, removed from the New York Custom
House, because in the estimation of r. B.
Hayes and John Sherman, he was shamefully
corrupt. and his subsequent utilization
with the scoundre Dorsey, whom
he supplied with soap to carry Indiana,
for Porter and Garfield. added indefinitely to
the infamy of his name. Folger. Arthurs
Secretary OF the Treasury, won an immortal
ity of odium by accepting nomination for
Governor of New York, known to him to
have been obtained by forgery. As conse-
quence "Folger and forgery has become
motto illustration; not of Folger's political
character. but equally explanatory of the
Republican methods for achieving success.
Such are the men who seek to outline for
a Democratic Congress a financial policy.
Their characters suggest doubts of honest
purposes. A man whom r.. B. Hayes
and John Sherman degraded
for corrupt practices, must forever
labor under suspicion. When Republican
reach such a condition OF corruption that r.
B. Hayes and John Sherman could not
stomach him his condition must have been
rotten to an extent defying exaggeration.
In the case of Folger, so UNANIMOUSLY humili-
ating was his position when he accepted
forgery to aid his political aspirations, that
at least $4,000 honest Republicans in New
York refused to recognize his candidacy.
Such facts OF history have terrible signifi-
canoe, and when men thus branded assume
first and most natural suggestion
is that dishonesty is lurking some
where within their statements
Their own partIsans have declared
them unfit for great trusts, because of acts in
direct conflict with integrity. These men
would have millions of the public debt per-
petuated for the benefit of the National
banks. They would have the banks relieved
of taxation, while the people are to be taxed
for their special benefit. The people are
now taxed from $40, 1000 900 to 81, O00, 900 an
nually that National banks may increase
their profits and their power, and this
burden of taxation it is proposed to contin-
ne far into the future. Hitherto the cry has
been that the Republican party by reducing
the principal of the public debt rapidly, was
comforting upon the country blessing of in
calculable proportion, bat now. since the in
terests of the National banks are to be con-
sidered, it occurs to Mr.. Arthurs Sec
rotary OF the Treasury, that posterity
can well afford to pay its fair share of inter
est-bearing debt. Every argument used by
Folger is for the benefit of the banks. In
the first place. only Government bonds are
10 be the basis of National bank circulation.
andl a. new bond. to run a long term CT
years, for their special bene fit. is prepared.
In the next place, the l per cent. tax on cir
culation is to be abolished and then the
banks are TO be permitted to issue circuia-
ton to the extent of copper cent. on the stock
gambling value of bonds. instead OF the face
value. There are now outstanding about
S34e. 900, 600 legal tender currency. 1t is not
simply on the credit OF the Government.
Ore ounce of fact is worth a ton OF fiction
but there is not even an ounce OF fiction to
be placed in the balance against ton OF
fact; that the legal tender notes of the
Government are in all regards as good. and
as acceptable as the National Bank notes. If,
then, the National Bank notes are retired,
why not let legal tender notes take their
| place? The people are not taxed to keep
them in circulation, and to the extent they
| are required for the business of the country
| they will remain in circulation. But neither
Arthur nor Folger take that view OF the sub
| ject, because there is less money in it for the
National Banks. The usual yawp is in
| dulged in against the standard silver dollar,
| the intimation being that rs silver dollars
increase the Government approaches bank
| ruptcy. The standard silver dollar is some
| thing more than the dollar of the daddies; -
1t is the dollar Of the people, and it will be
well for Congress to let it severely alone until
the people complain that its coinage antag-
onizes their interests.
NAE is under arrest Ia LosAngeles for defraud
ing uni in Cas-.