The herald., 1893-10-11
SILLY AND EXPLooPD FoRMULAS-THE
WEsr AND SOUTH.

There are certain formulas which have
much vogue in the east Just now that
are feliacions and misleading and cal
culated to disturb shallow brains. They
ore nearly all echoed and re-echosd in
/ the New York press which, on these
topics, is utterly without brains. The
newspaper purveyors for the alleged in
telect OF the peoola of New York are for
the most part pa.rots-in many cases
perfunctory parrots, and in many Others
mercenary parrots. Their attempts at
argument are feeble in the extreme.
They have a dilettante knack OF writing
which fools persons who are congenitally
weak IN tho region where ths gray m at
ter ought to bs into the belief that they
are reading something wise when. in
truth, the matter is very otherwise. All
these people have their cue. They are
compelled to answer to il on pain OF be-
ing ashiered-that is to say, OF being
put under the ban by the supercilious
and braiuless monocrats of New York.
1t is, under the circumstances, matter
of surprise that Gotham has two daily
journals-tte Recorder and Press-that
dare to tell the truth about the silver is.
sue. They are either backed by large
means or they are unusually intrepid
we have aimed to avoid the stereotyped
phrase OF having the courage OF their
convictions" phrase which has begun
to have an ancient and fishlike odor.
One Of these asinine formulas to
to which we allude is that legislation
cannot make money or regulate values.
The same compoops-though many
| Of them are very rich they are none the
less nincompoops-wh roll this hack
neyed phrase around their tongues are
moving heaven and earth to have egis-
latlon put through Congress to repeal
the purcha.ing clause Of the Sherman
act. Their hope is that, this barrier
overthrow, they can rush in aud tram.
pie the white metal in the dirt, on tho
model OF the swine and the pearls OF
for such undetecated, dephle gmated
goRaches. All the same. they show they
believe IN the power OF legielation.
Another of the formulas OF these
brash boobies ia that nothing can alter
the laws OF trade or the laws OF supply
and demand.
What miserable trash this is, to be
sure Nothing is more certain than
that legislation can not only alter but
create laws of trade, while the laws OF
supply and demand have been altered
thousand and ono times in every country
OF the civilized globe, aud moro partc.
ulsrly in the unciviized globe. In
Europe the will OF the sovereign or OF
the Legislature, by whatsoever name
called, has been sovereign in modifying
the laws OF trade and the laws of supply
and demand. The people OF England
today are enlarging their liyers by drink.
ing the heavy wines of Oporto by vir-
tue of certain concessions granted to
English wool interests by Portugal hun
dreds of years ago. By this purely ar
tiicial arrangement the wool manutac.
turers of England and the wine man
ufacturers OF Portugal equally benefited.
A thousand similar instances could be
cited. 1t is often entirely in the power
of the government of county to alter
the whole course OF trade, and to create
demands compared to which those that
had heretofore existed were as nothing.
Another of these formulas is that
bankers, boards of trade and chambers
OF commerce necessarily kno, mon
A.
OF country. This. is all tRsdsls.