The herald., 1893-10-11

While bankers and msrca MS sulisl {
useful fuEc.ion 20 th sir fellow ctzsns.
when they do not abuse their privileges,
and frequently ehoy local anl soma
times national patriotism. they are no.
toriously selfish and narrow minded
set. as rule. rhsy are often really 70
sacriiice everything to the suggestion OF
expediency of the Ignorant present"
The cases in which they rise to any
great crisis are rare indeed. Shylock
was not more insistent in demanding
his pouad of flesh than they. That
there are honorable exceptions 70 this
ri o is true, or the old adaye would not
mate banking and business coocsrns,
what shall we say OF Wall street and its
speculative exchanges? 1t ia only neces-
sary to recur 10 the BLACK Friday engi-
necred By Jim Fisk and Jay Gould to
prove the appalling turptnie of these
associations. Ii more were needed it
would be sufficient to point to the fact
that the Erie railway was stolen bodily
from its stockholders in opsn day, with
out so much 40 protest from the busi-
ness community of New York city,
TO show how essentially rotten that
boasted center of civilization, enlight
enment and integrity is. 1t never lifted
IT'S hand to prevent the spoiation OF the
English stockholders OF the Efie rail-
way, nor to veto ths successive rascaii-
ties by which the capital stock OF the
New York Central railway was go
watered that, irom having been $2S ,090,-
00J it was expanded to Sil2 600, ,C0J--
four to one-and on which expanded
figure the public WAS obliged to pay
yearly dividends OF seven per cent. The
student of history can drag out OF the
elimy past thousand examples which
show that the city OF New York is com-
mercially and morally az rotten as rot
ten can be. And yet it is this collection
of whited eep1lchres thai dares to
preach the law to thu rest OF the people
OF the United States. who, though many
Of them may be no mora honest than
the law allows, are at least not given to
mssquerading as exemplars OF honesty
and spotess commercial and business
integrity. The disprized and much
maligned people OF the west and south,
by whose grace and hard toll New York
lives, moves and has her being, are q.
least not bypocrites.
Another cantng formula which
reaches ns from the East is the demand
for an "hlnest dollar" These people
don't want an honest dollar. They
have been engaged for twenty years past
in undermining the honest silver dollar.
through the agency of which they may
be enabled to rob the people. These
snivslers about az honest dollar are the
same man who bought the honda OF the
backs when the latter were worth only
37ia cents on the dollar, the interest
only on which was payable ia gold. and
who then began to ciamor for the pay
ment OF both principal and interest in
the yellow metal. Oi course, through
the agency o. such unprincipled scoun-
! drels ae John Sherman, they succeeded.
We apply this phrase to the Ohio Chad
band on the Johnsoaesqls principle oi
calling spade a spade. No more in
veterate enemy OF Lhs masses and Of
truth and lair play ever lived than this
hoary- -hesded prseticer OF ell Machiaval-
liam ways and examplar of lightning
changes.
The great west and IN must come
to realize their power, and to exert it
for the general Teil-being They must
learn to spit upon these jejune old for
mulas, devised to impose an effete
and enervated people upon them as the
financial rulers OF the country. The
west and south can elect both houses
OF congress and the president. They
must exercise thei, power, and so con.
troll and shape legislation as to give the
country several commercial centers in
the west and south independent OF New
York. That city has become hide
bound, and is but colorless reflection OF
London.