The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1893-08-26
STATESMAN SHIP VS.. PARTI-
ZANSHIP,

The broad contrast between states.
manship and partnership had very
excellent illustration in the two speeches
delivered in the U. S. Senate, this
week, one by the venerable Senator
Justin S. Morrill, of Vermont, on Mon
day, and the other on Tuesday, by
Senator Dan Voorhees, of Indiana, pop
ularly known as the tall sycamore of
the Wabash. Mr.. Morrill, through
thirty eight consecutive years of ser
vice has advocated protection to
American industries and sound cur
rency. He Is not averse to bi-metal-
ism; he has no prejudices against
silver but he refuses to support any
policy which contemplates the use of
that metal until it can be employed
by International agreement and with
out any peril of affecting the credit and
honor Of the government. The wise
and safe counsels of the Vermont Sen
ator, which have always been on the
side of honorable and practical policies
of industries and finance, should be
put in the hands Of every thoughtful
American. The author of the first
Republican tariff bill has never said
anything more cogent and timely than
his exposition of the dangers of the
existing situation. 1t expresses the
views of every member of his party
who believes in the financial principles
which have governed 1t for quarter
of aeentury. Through the wilderness
Of words with which the free coinage
men have sought to conceal the
sophistry of their arguments the wisdom
of Senator MorrilPs remark that ''the
delusive efforts made by all the power
and prestige ofthe national government
to enhance the value of silver shows
that the universal law of supply and
demand is still invincible" shines like
beacon hight in an inky night. No
less to the point was his subsequent
assertion that every milestone along
the dreary track of these unsuccessful
experiments marked step downward
in the depreciation of silver"
With more oratory but with less
force, Senator Voorhees, advocated the
repeal OF the Sherman Law, but in the
same breath favored free coinage OF
silver, the abolition of National Banks,
and the imposition of an income tax,
three measures which if adopted and
formulated in legislation, would newt
ably result more disastrously to the
country than the purchasing clause OF
the Sherman Law.
Now, if Senator Voorhees, needed an
"object lesson" in banking, he could
have found it in the case of the Fin
ney County Bank IN Kansas, the other
day, 1t was closed less than year
ago as National Bank on report Of
the Examiner because it was ''shakey.'
Having an easy State Bank Law it was
soon re. opened as a State Bank, its
managers having borrowed some
"casb," which they showed to the
State Examiner. He pronounced the
bank "good," when the cash was
returned to its owners, and the bank
began business.
This is precisely what Rhodes and
Graham did with the old Elkton Bank
in 1866.
When the Finney County Bank col
lapsed few days ago, not only the
treasury had been looted by it mana
gers, but the stock they held had been
transferred to others, so as to exempt
the nominal holders from responsibility
in case Of collapse.
Straw men without knowledge OF
banking or capacity to acquire it were
D set up as officers and directors of the
Constitution, while one or two unprlncl-
oIed scoundrels revelled for months in
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