The Globe-republican., 1891-07-01
OUR CAPITAL.
Special Correspondence to the GLoBE-RE-
PUBLICAN.

Special Correspondence to the GLOBE RE-
PUBLICAN. To- -.e
WASHINGTON, d. c., June -. 1891.
|. It is authoriratively stated that the on
" financial question to he considered by
the cabinet at its meeting on Friday Is
as to whether the coinage of standard
silver dollars shall be continued after
July lst. Data en- that subject. and no
other. is now being prepared at the
Treasury Department for the infOrma-
ton Of the President and his advisers.
MANY communications on this subject
have been received by the Department
since it became known that the secretary
was seriously considering such policy.
A large majority of them are in favor OF
such course. the only opposition so far
received coming from certain bankers in
New York.
While there is considerable difference
of opinion as to the advisability of such
a course, the prevailing sentiment with
leading Treasury officials is that it will
be adopted. There are no other ques-
tons affecting the national finances that
require immediate consideration.
The movement begun in New York to
organize the Republican party is sagac-
ious and highly commendable. Usually
such work has been left to the last few
weeks of the campaign, and ut waste
of time. The work can be done better
before than after the conventions are
held. The plan to be followed in New
York is to form clubs all over the state
and make them the centers for organic
ing the party and bringing the voters to
sense Of the importance of the cam
paign. A similar plan is on foot in 9TH
er states aud is working admirably. The
energy and forethought the New York
Republicans are showing is highly en-
cOuraging.
The Cubans seem to have struck
snag in connection with the reciprocity
treaty between the United States and
Spain, which provides for the free i'm
pOrtation of Cuban sugar into the United
States and lowering of the duties on
American products imported into Cuba.
TO cOunterbalance the loss of the reve
nue. resulting from this arrangement. the
Spanish minister for the colonies propos-
es to tax sugar plantations. The effect
of this proposal has been to exasperate
the Cubans, and measure which might
have been expected to conciliate them
may, through this direct tax scheme. OPP
crate to still more estrange them from
the mother country.
Senator PETER. of Kansas, made a
speech in New York city Monday even
ing in which he tried to picture the con-
dition of the country in the most sombre
and melancholy colors. He said among
other things: One-half of the homes of
this country are mortgaged for more
than they are worth. If the whole state
of Kansas were put up at auction at so
days notice it would not bring enough to
pay her debts. make the same asser-
ton regarding every agricultural state
in the country. We are not starving in
Kansas. We expect to pay our debts,
but we cant do it and pay 10 per cent.
interest on . per cent. business. The
farms are worth little more than the
debts upon them, but the railroads Of
the state owe four or five times their
value.
There is no way to describe such talks
- this than to- call it ''Pefferism. The
Senator is the product of calamity. If
there had been no droughts and short
crops in Kansas the wbrld's catalogue of
great men would never have been enrich.
ed with the name of PETER. Having
thriven on misfortune, he believes 4 is
his duty to keep up the impression that
the country is going 70 the dogs. There
will be little necessity in Kansas fOs a
calamity party this year. The indnstrj-
Gus farmers will have balance on the
right side of the ledger at the end of the
season. That will be the end of PETER.
He will sit in the United States Senate
and do his best to say solemn things in
a solemn manner. and they will have as
much influence in the policy and pro-
gress of this nation as the midnight
croakings of a lonesome bull-frOg.
We have mortal disgust
a GROWER. Men can talk II community
into hard times. As man thinks so is
he's Gospel truth. Some people think
God said it-and it is Gods truth.
To see man who fOy years made IA fool