The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1892-01-16
he DESERVED THE HONOR.
Tho Salt Lake Tribune Thus Lays Senator Sher
man Bare.

Sherman by putting up his por-
trait among those of the great finan-
ciers of the world which hang in
the directors ROOM"
Why should it not be so? Has
not Mr.. Sherman served the bank
of England faithfully and well?
Did he not make it possible for the
brokers CT London who, up to his
time, were glad to come to Amer
lea and pay premium for Ameri-
can silver, to become the dictators
at what price they would accept
American silver? Did he not for
them close the gates Of England
and western Europe to the food
products Of America, until all the
supply which India could spare
had been received and paid for?
And what is true Of food is also
true of cotton. Has not John
Sherman for eighteen years been a
friend of the bank Of England, and
done what he could to build up the
manufactures Of England by com
polling his countrymcn to ship food
to their operatives at 80 per cent.
under the normal price? 70 serve
the bank of England has not John
Sherman insisted upon a fiscal
policy for his own country which
has taken the profits the farmers,
which has caused the increase in
the population Of the farming dis
tricts to cease, which has driven the
Young men and women to the cities,
which has caused such an increase
in the crimes Of our country as was
never dreamed Of before even under
the decentralization of the great war;
which has caused the inmates in
Innate asylums and poor houses
to increase 40 per cent, while the
population has increased only 25
per cent? Why should not the
bank of England extend special
honors to its attorney on this side?
The bank of England is the Gus
todian for many and many bond
holder of the old world. When
Senator Sherman took the matter
in hand those bonds, which our
countrymen had issued, were pay
able in specie, and the farmer in
America could pay his pro rata OF
them with 200 bushels of wheat.
In a little while Mr.. Sherman fixed
them so that they were made paya.
BILE exclusively in gold. He did
this, he said, to strengthen the
credit of our country. which then
in natural and prospective wealth
was the foremost nation of all this
earth. And then it took 300 bush
els of wheat of the farmer to pay
the same bond; and the result wa:
that it took him many years Longer
to accomplish the act than it other
wise would. The only mistake
that Mr.. Sherman made, was tina
he intended to make those debts
perpetual, so that the bondholder'
of the old world, who held Ameri
can securities, would be perpetual
debtors. He failed in that SO ia
as our government was concerned
but for the $5,OOO,OO0,O0O whicl
American railroads owe abroad, h
fixed it so that the 5per cent. inter
est would, in it's purchasing power
buy as much as s per cent. bough
before; and the railroad companies
to keep up their interest, have bee
forced to fix proportionate fare
and freights, at rates which hav
been growing burden on produe
ers for many years, PARTICULAR.
severe, inasmuch as because of MI
Sherman's exertions. only triilin
profits, if any at all, were left t
producers.
1t certainly is most appropriate
for the bank of England to kce
the senator's picture in their grca
banking housc-just asapprnpriat
as it is for England to build tab
let's in Westminster Abbey in homo
of those who have served thei
country on the battlefield or In tn
halls of legislation, or in any poten