Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1891-07-17
NEWS AND COMMENT.


There is now no living ex-vice-Presi-
dent OF the United States.
The Democratic convention of Ohio,
Wednesday nominated JAS Z. Campbell
for Governor, the present incumbent.
Corneliu N. Bliss, 1t is thought, will
be the Republican candidate for Cover
now of New York.
Fifteen years ago Frank Woolsey nd
John Brock left Springfield, Ohio, to go
to Texas and raise cattle. Woolsey DIS
appeared, and Brock was suspected of
numbering him. Brock narrowly escaped
lynchlng. He devoted the balance Ct his
life and fortune to finding Woolsey, and
succeeded in locating him last week, thus
proving his innocence. He now sues
Woolsey for $4,000 for not discovering
himself when he knew of the search.
The striking defeat Of Mr.. Parnells can
didate at Carlow is variously commented
upon by the Irish and English press. The
Freeman, which favOrs Parnell, says that
homo rule is made hopeless, because "the
electors have abandoned their indep end
ence for the British party joke" Ire
land is being compromised, this journal
thinks, by letting Mr.. Gladstone say who
shall not be the Irish leader. The Pail
Mali Gazette, on the other hand. referring
to the allegation that Mr.. ParnelPs de-
feat is the victory of clericalism, declares
the interests of the Irish people and the
Ilish clergy identical. But all agree that
Mr.. Parnell is at present "nOt in it,"
1t seems almost impossible to please
free traders. At first they opposed duty
on wool because it would raise the price
OF that commodity and increase the cost
of clothing. as thew alleged. Now that
the practical operation of the tariff has
reduced the price of wool, in accordance
with the ultimate purpose of protection,
instead of increasing it, according to free
trade prophecies, free traders have be-
come deeply interested in the welfare of
farmers, deploriDg the low price of wool
as a great calamity to that class. What
inconsistency At one TIE the farmers
prosperity and salvation depend Oh cheap
wool and low-priced clothing. At another
time the farmer is lrretrievably ruined by
cheap wool and low-prced clothing
Alas, the free traders rule will not work
both ways. Indeed, it is a rule that will
not work any way -IHder-4ppeal, De M
Senator John Sherman says in letter
to a constituent that be can understand
why silver mine-owner should wish the
United States to give him 81 20 an ounce
for silver worth now IN the market about
ST., but be can't understand why the farm
er should wish the government to 60 above
the market value. 1t would be as reason
able for the government to give more
than the market price for wheat. In
buying silver the government, the Sena-
tor thinks, ought not to 60 above the
market price. If the object is to create
basis for more curr ency, that object is
being accomplished already by the issue
of treasury notes IN the purchase of 49,
600, 600 ounces of silver year. The in
crease of currency thus produced is in
excess, he says, of the increase demanded
by the annual increase of business and
population. What more can anybody
want As for free coinage of silver it can
not advance the market value OF silver to
the extent hoped for. Its effect wOnld be
only to spoil our existing currency for
purposes of commerce. 1t would drive
gold out of circulation aud thus produce a
disastrous contraction. at seems to me-"
says the Senator, ga wild lunacy to dis
turb the existing situation by changing
the standard of all contracts"
One of the potent reasons for the "dull
times" complained of is the fear that ex-
lists in financial circles of the wild and
revolutionary propositions of the "Third
Party" in relation to finance and trade.
What the South most wants is solid con-
ditlons-a settled and safe currency, so
that confidence may obtain in financial
centres, and money be sent out for invest
ment. Nature has furnished the South
and especially this part of it with untold
natural wealth. 1t needs the money of
the east to develop it. This will not leave
its strong boxes. so long as there is agita-
ton OF the currency question, aud men
are elected to Congress from the South
who aspire TO lead IN this revolutionary
work. If the safe and secure banking
system we have were let alone; if the
currency question were adjusted simply
to the needs of legitimate trade, and the
declarations of party confined to cOnser-
vatiye propositions and lines, the South
would bound forward at twice the pace
she has ever done. No part of the Union
is 80 directly and deeply interested In
conservative legislation in respect to
finance as the South. Create distrust and
apprehension in the money centers and it
will be instantly felt in the rural districts,
and no where so much as where mineral
resources are to be developed. The south
wants conservatism-it wants solid con.
ditlons in finance and trade, and with
these she will outstrIp the world in ma
terial Valley VirginiaH.
Generous and gallant words were those
that Secretary Noble uttered on Independ-
ence Day, on the occasion of the I'M
yelling of a federal soldiers monument at
Oswego, New York. They breathe the
spirit of fellowship which will before long
sweep away all remaining traces of sec
tional prejudice. Said he:
"And shall we. fellow-citizens, who
came victorious out of the struggle,
grudge to them the precious tradition of
yalor and heroism that their armies, even
though yanquished, have left themf AS
we stand here today, raising this monu-
ment to our beloved dead, we remember
that we are also celebrating the indie