The herald., 1893-07-05

allows himself to be hoodwinked by the
not very clever but autocratic plutocrats
who have determined to reduce the
world to worse than medieval slavery.
1t was only the other day that the tels-
graph flashed to the country the intelli-
gence that cabal had been detected in
Wall street that ran the interest on call
loans up to the ratio of seventy-two per
cent. 1t is the "distrust" of such scoun-
drels, who ought to be chained together
at hard work in some penitentiary, that
excites the sympathy OF such men as
Mr.. John B. Henderson. These men
have made every preparation to cut the
throsts of the debtor classes. They de-
mand payment in a medium twice as
valuable as that in which the debt was
contracted, and they aim to bankrupt
the world in order that the persons of
fixed incomes shall buy it at their own
valuation
This senile ex-senator from Missouri,
who has all at once discovered that he is
financial pundit, has much to say
about the great prosperity enjoyed in
such countries as England, Germany
and Austria, under the double standard.
We had not heard Of this before. In
fact, we had supposed that the howls
from England during the past two years,
involving every kind of financial distress,
were continuous, resonant and cacoph-
onous. Failure In that happy land OF
the single gold standard has followed
failure faster and faster. 1t began with
that of the Barring Brothers for $125, ,000,-
600, has been followed up by that of the
beer and other syndicates to the amount
of $3.50, 1000, 900, with failures of Aus
tralian banks in the total of $3.50, 900 900.
In fact, there is no such a rotten
country in the world as Great Britain
today, with her single gold standard
and desperate and unprincipied effort to
make her debtors pay her in medium
twice as valuable as that in which the
debts were contracted. As fraud Wit
iates every contract, her debtors will
probably conclude, with Iago, that
"base is the slave that pays" thus al
lowing Great Britain's colossal fabric of
discredited obligations to hurtle down
about her ears, deafening before th ey
bury her. She will then BIZ an example
of that vaulting ambition that "o'er-
leaps itself, and fall o. the other side."
If this senile senator from Missouri had
kept his wits about him he would have
noted the fact that If it had not been for
the assistance of the Bank OF France,
extended in hard gold coin, the Bank
of England would have followed the
Barring Brothers into the maelstrom OF
bankruptcy.
Mr.. Henderson is careful to say moth
ing, in his indescribably foolish screed,
about bi-metallic France that most
prosperous Of all European Countries
that was able to hand over to Germany
one Thousand millions of dollars in gold
as war indemnity, and which today
has more gold coin in the vaults OF her
banks than England. Germany and
Austria put together. To have go much
as mentioned this queen of the Latin
union would at once. CT u termini, have
demonstrated even to granny Henderson
himself that he was writing himself
down bigger ass than Dogberry WAS
ambitious OF being recorded. OF other
aspects OF this financial rot" which
has been tslegrsphed all over the United
States. we shall have something to say
in sub baeauent Issues. Its vacuous pro-
lixity can scarcelY be treated in one
article i