The Indianapolis journal., 1885-12-18


sents Western congressman as declaring
that "the very fact that Wall street wants
the coinage of silver suspended ought to be
sufficient to call forth the patriotism of
Southern and Western statesmen" He
further says: ''The East has no sympathy
with lis, and it is enough to arouse suspicion
that New York should come so readily and so
forcibly in support of the President in the
proposition to suspend silver coinage" 1t
was superfuous to say that this member was
Democrat. No one but Democrat could be
so narrow. It is as sensible for man of that
caliber to talk of patriotism as it would be to
expect mule to discourse on the incarnation
of the soul. The very first patriotic move
that this fellow could think Of
was to urge sectionalism and
combination against portion Of the coun-
try. This is Democracy to-day because it has
ever been Democracy. The Democratic party
forgets nothing, and learns nothing A man
with an intellect so feeble that he cannot
take broader view of the silver question
than this member does is unfit to be in Con-
gress. Without entering into the merits of
the coinage question per Sc, it is safe to say
that New York, State and city, has as much
real interest in it and as honest desire for the
best conclusions on this point for all the people,
as have the people of the South or West. AS
the money changers for the Western hemis-
phere, it is but natural that the bankers and
brokers of New York, or such of them as
are engaged in business, should be the
first to feel the great necessity
of preserving the stability of our money val
ues. So far as Wall street is concerned as
that term is understood outside New York
city, it would probably make little or no diff
ference whether silver went up or down.
Those who remember anything about the do
ings of Wall street in war times know that
the men who collectively represent that term
made millions out of the fluctuations of paper
money values, or on the premium on gold, as
it was falsely termed. The brokers in that
street would ask nothing better than that
silver should fall below par. Its ups and
downs would afford excellent scope for
speculations, and the many deals
of former years would bring them
many dollar that is not within
reach now. But Wall street is but portion
Of New York city. There are millions on
millions Of capital that have nothing to do
with business peculiar to that street The
money outside of the purely speculative trade
could buy it probably a thousand times over.
The error is in thinking it is Wall street that
wants to stop the coinage of silver This is
not So It is the men who trade with other
nations, and whose transactions run into the
millions with peoples who will not touch our
silver even as it is. To keep on
piling it up is only to put
it further out of the way
of usefulness, if not finally to precipitate
crash in our own country. But whatever
views be taken of this great problem, it is in
fnitely small and mean to base any action on
prejudice desire to oppose anything that
"Wall street may advocate If that is the
best reason that this Democratic member can
present, he should carefully refrain from par
ticipating in any of the public debates. For
tunately the people understand this thing for
themselves and will not rashly commit them
selves to wildcat legislation.
The President said the other evening to