St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-12-24
TIE GOLD sHIPMENTs.

Senator BECK'S silver speech in the SEN
ate is bearing early fruit. The heavy gold
shipments following so close afterward
Indicate clearly enough that there is a
movement on foot among the holders of
gold to counteracJ the effect of BEcK's
argument. The explanations made by the
New York press is that American capitalists
are sending their gold abroad because they
fear a collapse of our national cur
rency to the silver dollar standard.
and that they are anxious to invest it
where it is sure to escape the danger of
shrinkage. The obvious intent of this
movement is to create apprehension in the
public mind in order that a sentiment may
be worked up to defeat the silver men in
congress. If such is their object, it will
fail. The people are no longer to be de-
ceived by shams or tricks. The incident of
a sudden advance in sterling exchange can
not be perverted into creating financial
panic or of creating distrust in the public
mind regarding our national currency.
If gold commands a better interest in
England than it does here it will
go there, regardless of whether we
have surplus of silver OF none at all. 1t
is just as easy to dam the sources of the
Nile as it is to prevent money from seeking
the localities where the best investments are
to be made. Capital never does anything
from patriotism. 1t is all bosh to say that
the New York spectators prefer to keep
their money here to sending it away. They
prefer to put it where it will bring the best
return. That is all there is of it. If there
is more demand for gold in Great Britain
than there is in the United States, it will
go there. The policy of making gold very
dear money in order to keep it at home
would be short-sighted policy as long as we
have plenty of silver as basis for our
no silver and could not get any, then the
gold-shipment incident would have an
alarming aspect. As it is, the country is
safe under any conditions.
THE RANDALL SUCCESSION PLAN.
Mr.. RANDALL's plan for regulating the
presidential succession is to provide by law
that the presidential electors shall hold office
for four years, and that whenever vacancy
occurs in the office of president or vice pres
ident the electoral college shall be reassem-
bled TO choose the successor. To this plan
the New York Herald makes objection upon
constitutional grounds. The Herald makes
the nice distinction that under the RAN
DALI plan the electors would be chosen
by congress and not by states, as the con-
stitution directs. 1t occurs to US that
the Herald draws the constitutional
line a little farther than is war
ranted. In the first instance the
electors are chosen by the states in such
manner as the legislatures thereof may
| direct. This is fulfilling the constitution to
| the letter. The RANDALL bill provides
| that the same electors VINO elect the presi-
| dent and vice president shall name their
successors in case of removal of either of
! them by death or cause. 1t strikes US that
this plan is more in accord with the spirit of
the constitution than the one embodied in
the presidential succession bill which passed
the senate and is now before the house of
representatives. When that bill was before
the senate Mr.. EyARTs conceded that it