The great West. [volume] (St. Paul, Minn.) 1889-18??, 1892-03-11
HOGWAsH IN HIGH PLACES.

HOCWASH IN HIGH PLACES.
Worthless Essays on Finance Published
by Great Magazines.
The pages of our so-called great
magazines are very exclusive and re-
served-open only to the best writer's.
and as rule patronized or read by
great minds and advanced thinkers.
A person would think from the ex-
allied character of these monthlies or
quarterlies that their contributors
would treat the questions under dis
cussion from the highest standpoint
of intelligence characterize the same
with logical reasoning and fairness.
and above all avoid partisan bias and
prejudice but we are sorry to say
that many of the writer's in our popu.
lar magazines are subject to the same
frailties that trouble many writer's of
lesser pretensions-saying nothing of
ignorance that is grossly dense in
some instances
1t is not only amusing but disgust
ing to follow the lines of some of
these essayists says the Alliance Trib-
une. who tackle questions they are no
more qualified to discuss than ten
year-old boy. Monetary science has
become favorite theme and is being
discussed save the mark! by old
money bags who imagine that because
they have the capacity 1--WE were on
the point Of saying. TO make money!
to rob labor, under class made laws.
and hoard wealth they never earned.
that they know all about money and
monetary science.
Andrew Carnegie's "a C of Mon
ey," that appeared in the North Amer
lean Review last summer, is a case in
point. If old Carnegie had been a
poor man instead of a moneyba his
contribution would have been marked
Rejected" and pigeon holed awaiting
stamps for it's return, if not thrown
with other trash in the waste basket
When we obtained a copy of the Re-
view with Carnegie's Learned dis
QUESTION: we thought we had treat
in store, but soon found we were a
victim OF misplaced confidence. We
soon learned that Carnegie had not
even learned the A B c. of money. bu
we were able to dig out of his rubbish
and rot the fast that he is a mono
metalist-a gold bug-the governing
idea in attempting the discussion of a
question OF which he proved nothing
SO much as his profound ignorance.
Now comes the Century Magazine
with a pamphlet entitled Cheap
Money" in which the effort is made
to brush aside the vagaries OF fiat
ists'' and irredeemists. " by showing
the failures of past experiments. and
cites the financial disaster in the Ar
gentlne Republic as one of the con-
spicuous failures to float fiat" money.
1t also cites our old wildcat or
''red-dog' systems as errors in
finance. all of which proves nothing
SO much as the fact that we must come
to the greenback theory-a full legal
tender currency based on the wealth
of the nation, as the only true none
tary science.
In the years to come when the bar
barrie theories of the past have been
brushed aside. and the great Ameri-
can people have solved the greatest
problem in the worlds history-a
correct monetary science founded on
common sense and reason. and in har-
mony with the advancements in AFT,
science and inventions. the world will
look with amazement upon the stuff
it will find in these then musty maya
zines, and with as much disgust as we
now entertain for those who preached
slavery a divine institution" in ante
bellum days.