The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-07
LEAvITT,s BATTERY.

LEAvITT's BATTERY.
Il Fires volley of Sharp Cornered Shot,
Which Hit the Mark.
It is hard to prophesy about the pres
ent hard times. We are ruled by the
multimillionaires. Half dozen of them
can any day decree another boom of our
bogus prosperity and produceit by pour
ing few millions into shrinking stocks
Then his serene majesty, Cleveland,
would have to stop furnishing" us for
time.
A wise man sees in Secretary Fosters
payment of million in gold for treasury
notes just before the November election
trick that led Cleveland into "a very
neat trap"
1t is just trifle funny to find Cleve-
land already picking out his successor.
Why, before the four years are up the
lament of the father over his son who
slipped into the thrashing machine will
be applicable to him: "Hev you went in
whar the oats goes in, our son? And hev
you KUN out whar the straw kums out,
our son? And hez the wheel horses
trampled on you, our sonY' A cartoon.
The panic of 1884 was prevented from
spreading like that of 1878 by the nearly
$4OO, 100000 Of silver we had. On Dec. 1,
1892, we had in the treasury $447, 048, OF
of silver performing in a bungling way
through certificates and notes the same
holy use. It is estimated that there is
besides in the country about 800, 000, 900
coined silver in circulation. This 'hate-
full stuff prevents the goldites from
swamping us entirely.
Old John Thompson of New York
said in 1890, "When panic comes, all
money will be hid except silver and the
paper issued on it" That's pretty much
the case now.
Think of it'll Labor Commissioner
Todd of Kansas is making an ''unblush-
ing" bid for the labor vote by saying
that he will give positions to all unem-
ployed laborers without charge. Surely
such paternalism is far worse than an
archy.
Fright Hon." Leonard Courtney, who
has been financial secretary of Great
Britain, deputy speaker of the house, a
leader writer for London Times, under
secretary of state and professor of polit-
ical economy at University college, Lon
don, has lately dropped the gold delu-
sion. He says that he has been studying
the subject deeply, and that gold has
been getting dearer for 20 years, and this
is the cause of the agricultural depres-
sion.
Here comes voice from England like
that Of an ancient sage compared with
the rot that our goldites talk. William
Lidderdale, late president of the Bank of
England, says Of our panic, "The in
crease in population and commerce has
been so rapid and so great that the out
put of properly guarded legal tenders has
not been sufficient to keep up with the
demand of the country"
The Chicago Tribune says that the
Australian panic was caused by IAN I'M
healthy abundance of money and credit"
Mol Credit-bank wind-did it. Their
papers tell us ''the withdrawal of gold
decreased the volume Of the currency
and depressed values" The government
Of Victoria will try to shut off bank
wind by turning all private into postal
savings banks.
We are all right while the big banks
don't fail. A cartoon might show lot
Of big turtles (banks) in a hailstorm-
hail as big as hens eggs. The turtles
have their feet pulled in, and only their
little heads are visible peeping from I'M
der the shells. Smaller turtles lie around
on their backs, heads lolling out and life
gone. Various other animals are seen
dead. The big turtles say. 1.-The coun-
try is safe. brethren!'
used to wonder at the grand way in
which Jay Gould was showing on the car
of progress. But the trusts are pushing
it so much faster that one is inclined to
''stand still and behold the glory of the
Lord" We can trust the trusts to de-
SIrOy Jno present lnuuSCT1a1Sm.
The Whisky trust dead! Not muchl
Nor any Of the rest of them.
"They took pillow and plowed him down,
Put clods upon his head,
And they have sworn a solemn oath.
John Barleycorn is dead!'
But the cheerful spring came kindly on.
And showers began to fall.
John Barleycorn sprang up again
And sore surprised them ALL"
To those of us who saw and knew what
was going on in the ''seven dreary years
of famine in land of plenty'-1873 to
1880 is very painful, as we see many
honest men tumbling into the pit of
bankruptcy, to hear their Shylock MUIR
derers again expatiating on the need of