The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1891-03-28

ment speak of the Government
purchase of bonds at high premi-
ums as giving relief at an opportune
time. Dogmatically they assert
that the gold standard is safe, reli-
able and sufficient, while they
know, or ought to know, that the
past ninety years the Bank of Eng
land for twenty of them suspended
specie payment altogether, and
within the last ninety days had to
borrow millions of pounds sterling
from double standard France to
meet its obligations. Since the de-
monitization Of silver the United
States has had q gold standard,
and the Associated Banks of New
York no doubt would deplore any
increase of Government issue,
would declare that there is no lack
of money, it is only "want of conf
dence," but they pooled their Sc
curities two months ago and issued
Trust certificates. oh! but that
phrase "want of confidence" is a
"thing of beauty and a joy foreyerw
1t sounds so conservative, so
solid, so bankerish. 1 commend it
to the Reform Club of New York
City for patent and preservation.
1t should label it carefully lay it
away with its kindred phrase.
"overproduction," in its cabinet of
curios and antiques. Was it "con-
f1dence" that caused the Associated
Banks to issue Trust certificates :?
L have known plain business men
to pool their securities and leave
them as collateral for notes, but
that was when they were short of
funds and needed money, yet had
plenty of confidence. They are so
different from bankers you know.
During last December, in New
York, 1t was pitiful to see men
ranking as millionaires, merchants
worth hundreds of thousands, man.
ufacturers representing millions of
dollars, "shinning" from bank to
trust company, from trust company
to broker, and then to banker again,
with gilt-edge securities, dividend
payers, and worth every dollar
they called for, striving in vain to
obtain loans, and it was ridiculous
to listen to the banker, broker and
borrower, upon each refusal, chant
ing in chorus: at is want of conf
dence." When these financiers
told the late Secretary Window it
was "want of confidence" he un-
derstood the bankers language and
emptied the entire surplus of the
United States Treasury into the
money market, and day after day
anxiously watched if more conf
dence in the shape of dollars was
needed. These people do not de-
ceive themselves nor can they
blind the public any longer. The
currency will be increased by good
silver dollars and the white metal
will resume its place among the
moneys of the world. 1he wrong
of 1875 will be righted, but the sup
porters of such wrong and the ad-
herents of system which will
permit such iniquities are not in
sympathy with the people or true
to Democratic principles. Napo-
leon said: "Scratch Russian
and you will find Tartar
Scratch an anti-silver man OIL
q Protectionist and you will
find a moneylender or Federalist
probably both. These men may
masquerade as Democrats, but
their ideas are those of the FEEDER.
alists of Jefferson's time; they are
looking to a single and splendid
government founded on banking
institutions and moneyed corpora.
tions; they will look in vain for
such a creation under Democratic
rule, if the party is true to Its in.
heritance, its traditions and to the
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