Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1891-12-23


in the interest of classes and thus preparing
the American people to contemplate the wis
lom OF dispensing with such a privileged Of
dee as president
The Chicago Times i'll an editorial
headed Help for Fallen Leader, re-
marks upon Warner Miller's scheme as
1.-The presidents warm recommendation of
the plan for guaranteeing the Nicaragua canal
ponds ought to go long way towards recon
CLING Warner Miller to the Chief Magistrate
who left him lying outside the breast-wOrks
n congress should act upon the advice of the
president, Mr.. Miller might soon owe the gov
ernment as much money as a Pacific railroad
Magnet and be equally Indifferent about dis
charging the Obligation
The St. Louis Post Dispatch in con-
the tariff fostered trusts, has
the following:
There is not among the 10000 words OF theH
presidents message reference in any en- Z
corcement or attempted enforcement of the (
antitrust law passed by congress about Year,
and half ago. A person would infer fromE
eading this message that the president is notE
44Tar1 of the existence of single illegal trust
Yet the New York World has published a di :
|rectOry of 100 separate and distinct trusts, {
|IIl illegal, all organized to water stocks and
ransmute the water into gold with the monop 5
by profits which combination control enabiess
hem to extort from consumers under protec
tive rates ranging from 3Oto 100 per cent"
Undoubtedly President Harrison ref
cards the anti trust law dead letter.
and virtually considered it as an ens
actment of that class, made to comfortS
The ear, but to be broken to the pOpe.s
There would seem to be an oblivious-l
cess on the part of the president, thats
IN the popular branch of congress, hlsl
political party so regnant in its autoc-i
racy under the regime of the then.
Speaker Reed, is now so much in al
minority in the house, that it might bel
considered in state of most noxiousi
.desuetude.
The Louisville Courier Journal thus
inquired:
Isn't the lonely house minority just a littleI
oft sorry that the Fifty-first congress behaved
so foolishly?"
This concerted minority will mani
tests no repentance, yet Mr.. Reed may
lind silver lining to his cloud as ex-
pressed by the New York Commercial
Advertiser:
'Ex-Speaker Reed may find consolation in
the fact that one candidate for the speaker
ship received fewer votes than he did,"
The Senior Senator, MIR. Stanford,
from California, has expressed recently,
IN the important subject Of finance:
IL seems to me, The greatest Issue III
he coming campaign Will he the money
question, anu that upon the solution oil
Ills question VIII depend not only on
Cne welfare OF The country, but the
success OF the party that takes it up.
In country ike this, where distances
are SO great, 1t Is Imperative that we
nave All ample medium OF exchange.
There cannot be too much money, ana
Any plan that puts the government IN
The Position OF d lender DIT TAR Interest
On good security Is one which should
receive support. 1t is on this Idea that
amy bill tor lOanlng government money
dWas founded. To Tx per cent. rate
and 10 permit the government TO create
unlimited money seems To many 10 be
putting premium on commercial dis
dster, but if you study the subject you
will see that when the interest rate is
liked at 2 per cent. If any borrower Can
get more than this he is sure to loan it
and thus put money i'll circulation. In
case SO much money is issued that the
rate falls below per cent. then natur
al contraction of the supply will follow,
as the debtor will borrow the cheaper
money and pay off his debt to the gov
eminent. Thus the circulation becomes
really automatic. Our government
of over 60, 000, 900, with resources almost
lncalculable, is to-day so poor that it
cannot issue dollar of new money, nc
matter how imperative the demand
All this government can do is to put its
stamp on gold that is brought to one OF
it's minis. Three per cent. is the esti.
mated cash capital on which all OuI
banks and clearing houses do business
Thus shrinkage of 8 per cent. would
make necessary, to avoid a panic, the
use of double the money that now ex'
SITS. To secure this sum would be q
practical impOssibility. But why risk
The Danger of financial panies when q
security for the issue of unlimited
money is at hand-the land of the
country, which does not fiuctuate il
value, and which is always good for q
loan of half its value? The use of oul
millions of acres of fertile land as &
means of credit Is the key to the money
problem, and there is no other key"
This from Leland Stanford. repub
lican magnet, is giving notice to the
gold standard men, and the following
may be comforting to the admlnistra
ton from the New York World:
eff congress passes bills to put wool
binding Irvine, iron ties, ores and Other
necessaries and raw materials on the
free list, next years democratic cam
Dalgn will be made under 'battle.crN
of freedom, and that battle-cry IS usu
ally winning one in this republic"
Who might censure the national adj
mlnistration managers, were they t.
exclaim (which ever way we turn il
hi; ourselves are hip"
JERRY SIMPSON.