The advocate., 1892-02-10

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that whether with little or with much,
not thou only, but also all that hear me
this day, might become such as I am,
eccept these bonds" But here, right on
the verge of the twentieth century, when,
If the mountain sermon of the Great
Teacher were ever to have any signf-
canoe, there should neither be wars nor
rumOrs Of wars, this man Clews-thiS
masculine champion of Benjamin Har-
rison for a second term in the presiden-
cy of our dearly beloved nation, from the
inmost depth of his inmost soul is crying
out for more long time bonds. Listen to
the following words from this dislnter-
ested financial sage of banking and cur
rency:
The surplus reserve at present in the
banks ($33, ,0OO,OO0) will be at once sb-
sorbed by the government and considerably
more besides, which can not fail to change
the present plethorio condition of money to
one of greater scarcity, resulting temporari-
ly in higher rate of interest. This will
naturally have an important bearing upon
the stock market and will cause investors
to demand greater returns than per cent,
which at present satisfies the views of con-
servative capitalists. The rate required will
not unlikely be to per cent.
This will last until the national banks
have had time to purchase and turn in the
new government bonds to the comptroller
of the currency as basis for national bank
currency. Then money will again return
to plethOric ease as at present, which will
be followed by a kiting period and imitation
prices.
Now, as Robert P. Porter's New York
Press, this eleventh. census defender, this
native Bectore, who would tell us that
"the farmers of this country, and the
farmers Of the west especially, are for a
war;" that would have stained this ma
ton with dishonor, that would have eter-
nized national bank system and put
monetary interests OF this nation in the
hands of privileged men, like Clews, en-
Wall street, and Harrison, in the White
house, can that be anything like sweet
music to the ears of the toilers? For
bid it, Almighty God! Halt, and con-
slider.
A RED LETTER DAY FOR GEORGIA AND
KANSAS PATRIOTS.
On Wednesday, January 27, 1892, the
national House Of Representatives was
considering the report of the committee
on rules. Hon. Thomas c. CatchingS, Of
Mississippi, Of said committee, yielded
one hour of the time to Hon. Thomas E.
Watson, Of Georgia, and Mr.. Watson
yielded twenty minvtes to Hon. John G..
Otis, of the central district Of Kansas,
who spoke nineteen minutes. Mr.. Otis
had offered an amendment on previous
day to rule ten, and his remarks were
germane to the amendment. 1hus be
spoke:
Mr.. Speaker, it gives US great pleasure TO
know that the Peoples party to da, for the
first time is recognized upon the floor Of
this House. Laughter and spplause.l We
deem it, sir, high honor to he permitted
to open the debate in behalf OF that young,
growing political giant which, in our
opinion, is destined to dominate and con-
troll this country from sea to sea and from
the lakes to the gulf. The Peoples party
comes before this country with the olive
branch of peace in one hand and the cornu-
copis Of plenty in the other. Upon our
banner, sir, is inscribed, "Union forever,