Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-02-04

The ''no small stir" of Demetrus, the sill
versnith, shouting, "Great is Diam Of the
Ephcsians," was made not so much In rover
encc to tho goddess as from fenr that tho
teaching Of the Apostle Paul adverse to gods
made with hands, would deprive the crafts
men of a market offering much wealth in
the making of silver images; but shouts of
"Great is Diana" no longer any where Gre
ate even a small stir. Whom the ass, &C.
cordlng TO k1sop, put on the lions skin, the
fox having heard his vace, said: "Well, to
be sure ! and | should have boon frightened
too, If had not heard the bray" The
most vociforous shouts for more money
como forth from the mouth OF silver mines.
and with q sonorous metallic ring that
frightens nobody.
No ago of tho world has been exempt
from dreamers and demagoguos and at the
present time the United States, perhaps,
has no moro than its legitimate proportion
of such pests, which like grasshoppers in the
field, as has been said, make more noise
there than large oxen. Their highest poliLi
cal Importance is generally achieved Us
third party, or as q Swiss contingent, ready
to enlist as an ally with any existing party
that will yield the most to the upbuding
of DIR castles or to the pulling down OF
solid temples. The "third party" is ever
ambitious to be a make weight and whore
ever 1t moves it expects the other side of
the world to tie up.
Tho impression prevails among sober
thinking men at home and abroad that the
sound financial system of the United States,
maintained in harmony with that of great
commercial nations through the Grst
fury of its existence, is in danger Of being
supplanted by Utopiau schemes, either
frs W hn S9I
on slippery foundations.
The two old political parties are more or
less Imperfect by the unknown strength of
new parties, which promise many votes for
few platform promises. The organized
agitation OF the sub-treasury loaning scheme
of the Farmers alliance on land and staple
crops, and OF unlimited silver coinage OF the
silver buliionists creates the Chief existing
distrust concerning our future political and
industrial career. How these reckless
schemes may be finally determined by party
exigencies and how they will affect public
aud private credit are unsolved problems
that now rest rs oppressive incubus upon
the mercantile and industrial interests of
the country This should be our golden
ago, and it will be unless stumble and
make it only n silver age. Peace with all
the world, with abundant crops and ample
suOulu nave 1911 no CtOul owe! Juo
American continent. Dynamite may not
bring rain from the coulds, but the schemes
of financial baloonists will not fail to bring
portentous monetary storms upon our peo-
pie.
The Farmers alliance scheme for issuing
legal tender paper and loaning it by the
government on land mortgages would be
only stale repetition OF tie John Law ex-
pertinent, ancieutly most extensively tried,
and whenever tried ending in ignoniinlous
| failure and bringing overw heluing disaster
upon the government as well US upon the
borrowers of the cheap paper money. 1t is
banking scheme without capital, with TIE
government as guarantor of all borrowers
This old and exploded scheme was recently
again conspicuously tried By the Argentine
| Republic, perhaps the richest country in
| South America, and there it has bankrupt
ed the government and fixed an indelible
stain upon the good name OF the people.
Argentine credit is apparently ruined pub
lie and private, and the premium there on
gold is zoo per cent, and daily expected to
advance. The lesson OF cheap money by
banking and bond reputation of Mississippi
also still fingers in the public memory Not
withdrawing the high character of some
worthy indorsers, any party or faction OF a
party which proiters AID and hospitality to
such wild schemes, al war with the prosper.
ity CT our country, will be apt ut an early
day to disavow and deny the connection,
like Peter, with an oath.
Our geographical position, facilities of in
tercommunicstion with ali parts of tue nab
liable world, and the superior magnitude OF
our agricultural, mineral and manufactur.
ing industries have often suggested New
| York as Il more appropriate site for the
centre and settlement Of tho exchanges Of
the world than London, the capital of n
country whore two turds of the whole pop
ulation would starvo but for the regular
supply OF foreign food Producing here, as
we do, more coal iron, copper, cot
ton, wheat, corn, silver and gold than any
other country, American ambition TOR prs-
emucnce also in national monetary auaira
was natural, aud It's qualification has APP
peared unlikely to be long deferred. Inc
number OF vessels already entering the port
OF ork is hardly less than those al the port
OF London. Why should the trade ana
commerce OF the whole world he compc led
to .enl its bills OF exchange for the final ad
iU,smeGt OF all account through the Brit
i,h cnannois, straights Of Dover, ami up the
north sea to Il port at the olst degree OF
north latitude, when there is the much
finer port and harbor Of Now York on the
western breast of the Atlantic, IL further
south LGUdnb.o as may have been the
ambition, any possibility Of its fruiton viii
have been forever eNtingushed unless the
American standard OF money cnn be Kept
10. inferior " that o. other great CONNER
cial nations.
1t has been suggested that the free coin
age OF silver might be limited to the Ameri
can production, as if that would be- euou ~
to remove all objec IONS when obviously
it is the excessive and ever-ncrcasing re-
dundenco of the american production which
chiefly creates the worlds ombarra ,sineut,
and now seriously confronts and embar-
raises the United States Oar home con
sumption might give some reliot TO The dread
OF a SILVER overflow in foreign nations, bu
the exclusion OF foreign silver here would
be hardly drop in the bucket and give nc
reet to the fact that We have u remark
ably obtrusiye overflow OF our own. Ii
five grains OF opium would Kill tho victim
what would he care that the dose could no
be increased to six grains, nor DO admins
tered by a foreigner Practically, however,
tho limitation would not limit. Illicit sill
, yer would win it's way ''where seraph
| mi ght de SPAR.